Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-11-27
FINANCE AND TRADE
Bulls Got Control of the Stock Market
Today.
FORCED ADVANCES IN ENTIRE LIST
American Sugar, Manhattan and
the Changers Most Benefited.
GENERAL MARKET REPORTS

Special Dispatch ia The Evening Star
NEW YORK. November .7-o,ap,ry
quotations on the stock exchange TODAY
continued TO show an advance. and th,.
market was more active thar any ,iay dur
ing 'Ae week This higher opening was I'm
sympathy with the London quotations
where there was a disposition 10 pur,,has,.
American securities
me evident intention OF the traders 70
buil stocks soon became evident in the early
trading by an advance i'm the wnole list ANA
they were considerably helped TO this end
by buying orders from commission houses
The short interest was also instrumental
in furthering the advance. particularly m
the speculative stocks, where II was quite
large.
Sugar. usual. attracted most of the al
tenncn, and was very strong on news from
w asLington TO the effect that the duty on
denmark sugar. which had been tentative.
Was now perm anent. On large buying n
advanced from l:Ssis to ls,
me tracing In Manhattan was again
quite active tCcay. and. on furt her covering
od shorts and buying by the pool. sold at
ioSie' anu closed with good gain for th,.
day. ~ W
The Granger socks and all the western
securities were more active and much
stronger today. in fact. the whole list was
stronger and continued so up to the close.
WIN high figures around the final quota
tons
Fer the week Just ended we have wit
messed almost an identical market 10 that
OF the previous week, with dullness as the
only feature and most of the trading con-
MED to the room traders
LONDON has been quite an important fac
Tor IN the local market during the week
and has been instrumental in Influencing
the market in several instances
me news affecting stocks has an been
a,d f aavoraple' and the general condition
ana 1eeiing IN the street have greatly inn
proved. This good tone is renrcsented In
the buying by commission houses which
nave been picking up stocks all during th.
week ana We're quite an important factor IN
the rise of the last two DAYS
Inc continued large exports of wheat
anu the rise III the price of that siapl.
are very encouraging. and should make "A
very good feeling toward the western
The same conditions regarding railroad
earnings existed during the week with the
reports for the Third week OF Noyen,her
no.tlhulhe very large. The same good re-
puts Win lew exceptions. were In cyl
dence from all lines of business
The cause of the dullness which existed
Wa ,s que 10 the uncertainty of Congress and
elder body OF that assembly.
IL looks as If the market would continue
uuii ana uncertain, with the proba bllity of
a better market and more commission
house trading.
The increase of $4,000 900 I'm the loans Of
the bank statement represents chiefly the
payments on account of Union Pacitic's
purchase. which is also the cause OF the
enormous increase in deposits.
The Increase in lawful money was near
ly large enough 10 margin the big Increase
IN deposits, hence the decrease in surplus
Is comparatively small. The following is
the statement; Reserve, decrease. Ss41 325;
loans, increase, sli.99I, 400; specie increase
sJoe.3vo: iegals, increase. s. S:ss. 900; de-
posts, increase, si6,1ii 100; circulation, in
crease, $4,000.