Evening star., 1898-11-23
Stocks Generally Neglected Take a
Boom on Change.
MANHATTAN And COAL SHARES
The lndustrials Were More lrrec-
uIar Than Usual.
GENERAL MARKET REPORT

Special Dispatch TO The Evening Star
NEW YORK. November 2s.-TomnrroU.,
holiday and the postponement Of the joint
session OF the peace commissioners had a
tendency TO restrict the volume of new
business in today's stock market. London
bought and sold In moderate volume tho
buying on the whole being trifie in excess
or the sales. The general specula,iv, ,t-
inosphere In London. as disclosed IN beth
public and private kilograms, reflects ,snf-
cial optimism as to the future OF American
ISSUES Pront taking and not a mistrust of
values Is the real incentive to foreign sales
Locally there were some evidences Of a n
eHort to force few fractions of the more
active issues. Moderate and irregular re-
actlc ms were the features of the mornings
business but nothing significant was ac-
complished.
Manhattan and the anthracite coal stocks
We're noticeable at all times by reason II
espeaai strength. In the former the an
Poihtment or a thoroughly competent rail-
way man TO the active management Of the
property was especially encouraging
Inc mere employment of a skilled ex-
ecutiNe head would have been a significant
,,nu ~ prosresslve step on the part Of the
Manhattan management, but in this par
tcuisr instance there are said to have been
other considerations which were annexed
as conditions precedent to the new con-
NAUSN- Aht llDsl important condition htntAd
at in this connection is one looking 10 the
electrical equipment of the property as well
as other modem ideas for the good OF the
company. As the result OF the improved
outlook the stock was advanced for a SUBJ
stantial gain
The rumor that Delaware and Hudson
Would declare it's usual psr cent dividend
lor next year forced a covering movement
In all parts of the coal group The buyinC
OF Reading preferred by London was some
thlng or feature during the activity In
this class of issues.
The stocks which are noted in today-s
market Tor their superior strength are the
ones which heretofore have been constantly
referred To as the exceptions in an ars,i-
htnts favorable to Improvement
Inc attitude OF the Morgan interests is
worthy OF passing notice a this time The
best buying and the most stubborn resist
ance TO pressure have been incidents to the
recent trading in the shares supposed In
popular opinion, to be under the direct per-
sonai supervision of the interest named
Todays meeting Of Northwestern railroad
representatives was called by this interest
ana Northern Pacific in thus takIna the
initiative. can do much toward meeting a
DISASTROUS ending TO the territorial dispute.
The activity in Southern securities is
pointed out as another example of active
interest In a series Of stock and bond issues
for which Mr.. Morgan is considered to he
personally Sotcitous. Even the better posi-
tion of Reading may be Included to saw
nothing of the better established investment
properties which Eoerit has made less active
by increasing the PERCENTAGE of strong-box
holdings.
The industrials We're strong and weak by
turns, American Tobacco moving about
erratically under varying rumors as to the
purposes of the new Union company. The
declaration of dividends on international
Paper common and prepared, explains the
recent Improvement in those shares.
The undercurrent of prices is unmistaka-
bly, upward. and harmonious action at
Paris is relied upon to completely develop
the movement