Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-12-22
Goal Shares We're the Feature of
Today's Stock Market.
TIE CHANGERS WERE NEGLECTED
Metropolitan and Manhattan Were
Both We'll Sustained.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star

Special Dispatch to The Evening Star.
NEW YORK, December -. - Opening
prices this morning were fractionaliy ir-
regular, but the changes reflected no new
developments in the financial Situation
traders bought a few of the stocks sold
yesterday and sold again at the improved
level This backing and filling constituted
today's stock market.
There is a general impression that the
next decided change VIII be in the direc-
ton of higher prices, but every one recog-
nizes the fact that there need be no haste
IN entering upon this movement.
There is considerable short interest I'm
the market which is relied upon to furnish
the background foe the next advance when
ever, in the opinion of the larger interests,
the time is ripe for such an undertaking.
In Sugar especially there is said to be
considerable outstanding short account.
although the loanirg rates do not confirm
this view.
The strength Of the Coal shares serves TO
sustain the entire market, Notwithstanding
lack OF substance to the ruinurs of an
important combination. There Is sufficient
evidence at hand, however. To confirm re-
cent reports of a harmonious agreement as
TO next years output
1t is also confidently asserted that the
Improvement in inside conditions through
out the anthracite group has been eN-
tended to the bituminous properties
Throughout Ohio. II will be remembe red
that the larger interests in the former
properties We're credited with bringing
about the settlement of the soft coal trou-
bles some months ego, when the upheaval
IN that section threatened the stability of
the entire market
The interests which WERE in a measure
forced into the fight at that time now find
tempting possibilities which seem desti he'd
to insure a continuation of the efforts to
bring both industries into closer relation
ship.
Next in Importance to the coal shares
were Metropolitan street railway and Man.
| haitian. The trading in the former &C.
cidedly beneficial to the price the result
Of a territorial requirement through Eego-
| tiations with the Sd avenue line.
The buying Of the shares has been de-
scribed AS good for several days. and there
are indications of further important devel-
CpnentS.
The Granger issues were neglected to
degree. but were we'll sustained under the
limited operations. eRturns from the west
are entirely satisfactory in almost every
instance, and these issues will be con-
spicuous in future dealings. Considerable
interest continues to settle in Panhandle.
and some eXtravagant predictions OF its
probable high level are heard.
That the property is earning money and
is well managed is not doubted. and 1t
would require a considerable advance to
exhaust its merit.
throughout the day. rates varying from / II
to B per cent 1t is now thought that the
postponement of large speculative under
takings until after the early year disburse-
ments will itself help to prevent any pro-
nounced advance in interest rates. Reason
earnings on the present scale should be
sufficient fnducement to new buying.