Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-09-02
FINANCE AND TRADE
Result of Vermont's Election Causes
Values to Improve.
SUBSTANTIAL RISE IN PRICES
Sharp Advance in Most of the
Stocks.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September dissatisfaction
with the result of yesterdays election in
vermont was expressed in prices this morn
ing opening figures reflected gains vary
ing from Ia TO IL per cent, and were i'm
many instances improved an equal amount
by subsequent trading. Manhattan and
Nashville were conspicuous exceptions 10
the general tendency of the market sales
for both accounts being reported in each OF
these properties. Influential interests.
heretofore credited with supporting the
price of the former were largely instru-
mental in forcing today's concessions
through the medium of long stock Lon
don's continued selling of Nashville and
fears Of further rate war complications in
the south explain the unsympath..ic ac-
ton of this property.
The general list was relatively active
during the morning. and responded easily
10 the demand. The Changers the coal
carrying Industries and the industrials, I'M
der the leadership of sugar and Chicago
gas. We're advanced sharply beyond the
customary fractional limit. Action on the
sugar dividend is expected during the
week, perhaps tomorrow, and the present
movement Is supposed to be the usual
preamble TO per cent disbursement
The short interest has been ma lerially re-
cannot be relied upon 10 ACCOMPLISH much
from the present level. The undertoue of
the situation has improved to such an ex-
tent, however, that more legitimate SIM
port may dispense with the necessity of a
panic In pessimistic circles in order that
prices may appear TO better advantage
me Speculative horizon has not broaden
ed 10 any app eciabie degree. but optimism
IS increasing from day today The Il &C.
MS, with all their attendant uncertain
Ties double the usual speculative risk. but
experienced operators have shaken off
much of the concern attributable to this
cause.
The prospect is not discouraging at the
moment, and few traders are disposed
| 10 proceed on the presumption that II will
| not change materially for the worse during
| the next two months. The public will not
! adopt these hasty conclusions however
| and permanent improve ment is not as
sured until professional operators become
matter OF secondary importance in the
| daily total Of security operations.
The market for foreign exchange was
| reported to be somewhat easier today. the
dcmaEd AID the supply being extremely
small. Small arrivals of gold We're an
nounced but new contracts are awe Itiug
a furtl er II cessio, in exchange rates. 1t IS
practically certain that further imports are
In prospect, and will lie contracted for
shortly unless the Bank of England rate
OF discount should be advanced and the
local money rate decline i'm sympathy with
| returning confidence. Loans were made on
call AT per cent during the middle OF the
Cay, the lowest rate for such a period
since the recent loan disturbance.
An advance in government and misce-
lareoUs bonds was a significant develop
n'ent OF the days trading.
The best prices OF the day were recorded
during the final hour. a good volume of
bus mess. The extent of the advance may
attract new selling or extensive realizing
toward the end of the week. hut operations
IL the short account are likely 10 be I'M
derlakcn for traders turn only.