Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-11-16
Uniformly Encouraging News o
Railway Earnings.
BETTER VALUES IN CONSEQUENCE
Popular Impressions Regarding
Sugar Suffer Change.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. November 16-Opening
prices this morning were slightly under the
closing parity, but the undertone of the
trading had improved Enthusiastically over
night. In consequence of the sudden
Change In sentiment opening prices were
In many instances the lowest for the day.
London, as usual. had little influence on
the course of prices, an advance in the
price of consols. due to the repayment of
money borrowed in the open market by the
Bank of England, being the most signifi-
can't change in prices.
No special concern is manifested over the
prospects of gold exports to the United
States, but the demand from the continent
Is reported to be good. Railroad earnings
are uniformly encouraging. and on this
fact today's improvement largely hinged
Rock Island will show an increase in Oc-
tober earnings superior to any recorded by
that property for the same period in any
previous year. The estimated increase is
equal to putting the stock upon q per
cent basis.
st. Paufs report for the first week in
the present month is likely to be eclipsed
by the second weeks statement, to be
made public this afternoon.
In all parts of the west earnings are in
creasiHg on scale which precludes lower
prices on legitimate grounds. The market
u still professional, however, in spite of
TINS Improvement, and traders, though
pledged to higher prices today, are too
tickle to make tomorrow's actions a GER
tainty.
In all parts Of the list the buying was
superior to the selling. and advances vary
ing from 1 to 3 per cent were recorded.
The recovery In Consolidated Gas was
cred1ted with improving prices elsewhere
although no. special significance was at
tached to yesterdays decline.
a sharp advance in sugar did help the
entlre market and the impression pre-
>vailing today is exactly the reverse of that
used to depress the stock yesterday.
instead or well-founded fear that the
treasury would hand down an adverse de-
cision in Dutch sugar case there is a con-
vicuon that the Netherlands government
Will be compelled to admit an export bounty
on sugar. Such a decision will mean much
TOT the American company, and would
serve, for time, to detract attention from
the domestic competition springing up on
all sides.
AS Sugar goes so goes the market was
one time familiar logic in Wall street, and
1t is extremely apt just at this period OF
harrowness and professionalism. While the
stock in question gained nearly 3 Der cent
during the day, it was barely STEADY at inc
improved level. There is doubt about its
immediate future, and no large traders
stay long in either account. Congress is
TOO near for speculative tranquility and
large undertakings are not seriously re-
garded as events of an early date
Prices reacted slightly toward the close
of the day, as the result of some profit TAX
ing, but the undertone was, in the main
very strong. There was no news of any
sire to sell has evidently been reduced to a
minimum