Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-11-12
Dizziness and Irregularity Prevailed
in Stocks Today.
some STRENGTH DUE TO COVERINGS
American Sugar Was Weak and
Coal Shares Stronger.
GENERAL MARKET REPORTS

Hfcciai Dispatch to the Evening Star.
NEW YORK, November IAN irregular
market I'm London produced corresponding
results In the local trading during the OPEN
ing hour this morning. The railroad list,
IN mahy instances. reflected gains varying
from u to y per cent. while the industrisls
were depressed from L to rs per cent.
The latter decline was recorded In Sugar
and. as heretofore. was sympathetically
reflected to greater or less degree through
out neighboriny departments. 1t was evil
dent that covering was In progress
throughout the day. particularly In the
SHARES named, every decline meeting a
good demand from those who sold at high
er prices.
The character of the market was un-
changed. however, the volume of commits
sion buying being extremely limited. The
Trading element was disposed to be dis
terminating. and sales OF one class of Sc
cufilles were not inirequenlly accompanied
win purchases of another. Ii may be sig
liih It ina; the buying net against short
safes was invariably confined to the NOR,
meritorious railroad properties
Earnings from all sources. especially and
Unexpectedly from southern points showed
year. ~''
Manhattan reported a gain I'm surplus for
the quarter ending September 80 the stock
gaming li2 per cent on purchases inspired
thereby- Sooner later these items are
certain 20 attract more interest and when
they do the market will relinquish its pres
ent professional character
aodays widest improvement may be at
trlbnted &c the customary weekly settle
inents, and not to a conviction that stocks
are chcap at the prevailing level
In certain quarts RS this convection does
prevail but there is al attendant suspicion
that delays will not in this particular in
stance prove DANCE ous
Inc Character of Washington dispatches
on the several important issues pending
at that center has improved somewhat
ana the market has been helped to the ex-
zen. vi not having alarming news sent
week.
Inc covering of short sales in the coal
stocks resulted In substantial additions to
prices, particularly in New Jersey Cen
trai. The coal situation is said to insure
TAN unsatisfactory features noticeable in
trade circles
The government cotton report was not
altogether satisfactory to the friends of
mat staple, owing to the too liberal yield
Inc STOCK market paid little attention 10
the report and continued along the same
professional lines noted earlier in the day
During the last hour frequent periods of
absolute stagnatfon Were noted There was
no disposition to sell extensively, the lio-
uidation or snail holdings having appar-
entity run its course
sugar was strong and weak by turns
curing the final dealings. and it was din
cult to detect which account was esnecial
iy favored. 1t was notable however thar
some OF the larger opera tors failed to take.
advantage of the rise 10 put out new lines
of short stock. All things considered. to-
days dizziness and the nature of The fiuc-
tuauons are exactly what should have ie-
suited from the complexities of such a spec-
uative situation.