Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-12-11
FINANCE AND TRADE
Dull Day in Stocks Except in Case of
Sugar.
ADVANCE DUE TO SHORTS COVERING
Railroad Shares Responded Only
Slightly to Better Tone.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch 10 The Evening S,ar
NEW YORK, December 1.-THE trans
actions on the stock exchange TODAY w.r.,
simply an evening up of contracts for
me week and another burst of activity in
sugar me range Of prices therefore was
better. but the market was not very ACT
i've and consequently the change was
slight.
The opening quotations were a little bet
ter, and on some covering of shorts con-
linued to improve throughout the TWO
hours of trading
London quotations were irregular and
there was a tendency to sell our stocks.
but the trading was very small and the
attention OF the foreign market was di-
rected to the financial complications In
mining shares.
Sugar attracted all of the attention Of
the list and WAS very strong on the cover
Ing OF shorts and buying for the same ac-
count mat was instrumental in the last
rapid movement upward. The stock will
sell eNdlVldend next week. and although
1t will not I've as large as was prelicted the
early part of this week, still a ) per cent
dividend is attracting them now TIE price
was advanced two points today. and the
"hoIe list acted in sympathy and moved
upward.
There was not the response to the divii-
enc announcement on Northern Pacific pre-
Atiite lLidl WIS expected, and although Tlp
Stock succeeded IN scoring a good gain On
the days transactions il was very heavy
ana 1t was with great effort that the price
advanced. The dividend announced was
/ Fer cent, TO be paid in January
The local specialties- Manhattan, Metro
rolitan and Consolidated Gas stock-wrre
again in evidence TODAY to the extent of a
gain in value. Manhattan of course at
traCtei most of the attention and al
though at top figure there was some heavy
realizing, the price neld very well
Inc granger shares We're very quiet and
although there was. change for the bet
ter. 1T was very slight. and such was the
state Of the general market today.
For the week just ended there has been
plenty of varieties of trading on the stock
exchange. on Monday the market was
quiet and STRONG on the probability OF the
Presidents message being very conserya-
tive IN tone. and after its announcement
1t was found To be more pacific than i'm
agined, and prices continued upward
This continued, movement 10 higher prices
PROGRESSED further after the assembling of
Congress than was expected by the con-
SetYdtlye traders. who figured this would
be bear argument But stocks kept on
acing up on huving by houses that have
conSido rable influence IN the street. and
this encourage the traders to he all very
hUllish. which resulted in a much higher
range during the Ueek Natural realizing
caused slight setback. but TIE final result
is an advance above The final prices of last
week.
Inc news durirg the week l2S been very
encouraging to higher prices Railroad
earnings continue beyond expectations. and
the announcements of a dividend on a
western speciality and the encouraging re-
ports regarding the probability of a pay
ment to stockholders of = southern security
have brought many to believe that the next
dividends of some of the larger roads will
he at an increased rate.
The bond market during the week has
been very active, and ii is in this depart
ment that We have seen the great improve
ment in prices. .-- .-
Sugar, as usual, attracted most of the
attention. and frst the report of an
extra dividend and later on its denial, We
nave had plenty Of activity AMI action of
quotations.
So the market during the week has been
quite active, with a higher range of prices,
and for the next week it is expected that
we Will be receiving some news from
Washington that Will he incentive to an
even more active market.
The bank statement shows that the banks
have lost over a million dollars in lawful
money. go per cent Of il in specie. They
have increased their loans nearly ten mil
lion, probably largely on account of the
Union Pacific purchase. The change ia de-
poSitS reflects these changes more accuT-
ately than usual. and the net result brings
the surplus down to about nineteen milton.