Evening star., 1898-10-27
Better Tone Was Apparent in the
Stock Market Today.
CHANGERS IN GOOD DEMAND
Sugar Was Sold Freely to Salts
factory Demand.
GENERAL MARKET REPORT
special Dispatch to The Evening star.

Special Dispatch to The Evening Star.
NEW YORK October 27.-The demand
Tor securities II ON professional sources. as
well as from Eew speculative interests. i'm
proved somewhat this morning in spite Of
disturbing political rumors
An adVan, ,e in the price of American is
sues In LoAoon was followed by the an
houncement that the Spanish representa-
yves mai again made important conces-
SONS to the An erican argument.
Local politics exerted the usual influence
on values, an effort to discount the coming
elections being in progress In nearly all
parts Of the room. In the railroad list the
buying of the granger shares was consider
ably better than that in any other group.
Rock Island st. Paul and Burlington each
added about l per cent to first prices The
demand for the shares mentioned was a
combination Of commission buying and
short covering.
1he market Eas failed to make salts
factory strides toward a lower level and
the trading element covered short sales in
the hope Of attracting "A public demand.
The public, in the larger .nse, is not
o!sposed TO buy before the election an I the
market consequently lacks snap at tn,
hlgher prices. In the belief that such a
demand Will follow the elections the pro-
fes sional element is likely TO buy on all
laN oraOle news in the hone that a good
market will be found on which to realize.
There is nothing unsatisfactory to A de-
gree warranting more than professional
Profit-taking. but a dun market would be
generally regarded as an entirely healthy
one at this time. Once present uncertain
ties are disposed of the market is likely to
develop a strong following Interested in
material Improvement. For the time being
however, buying on declines is likely To bs
substituted for any continuous upward
movement
American Sugar was active under the
influence of rather good selling for botl
accounts. An advance in rates for refined
sugars by the Arbucke refineries was con-
sidered to mean Willingness on the part
OF the new company to test the market.
Every such action only emphasizes the riv-
airy between the American and the inde-
pendent COMPANIES and serves to keep alive
the certainty of a decisive trade conflict.
American Tobacco was active, but the
n anipulation seemed to be in opposition to
airy material setback in prices.
In the Rubber issues there were further
evidences of rather good buying. but 1t
the advance proft-takng was invited to a
moderate degree. The fact that aggressive
buying Of the indy strials has been post
poned for active is significant only i'm ats
effect on the general market. Should dull
Less continue for the next ten days and the
active industrals decline the whole list
must feel their inflI ence.
The Flower stocks are being carefully
guarded against attacks, and this group OF
stocks is already in position to make the
most of all favorable developments and to
resist the first effect of developments OF an
opposite character. 1t may be added. how
ever. that no other group is in such abso-
luteiy confident hands as this one.