Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-11-21
Bear Raid Fails to Disclose Long
Stock Sales.
RALLY FOLLOWS ON COVERING
Trend of the Market, However,
Was Weak.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch 10 The Evening Star
NEW YORK. November 2I.-Srutlmont
at the opening Of todays stock market was
mainly In favor OF lower prices owing to
yesterdays success In that direction. Lon
don was less sympathetic to improvement
as the result of conflicting reports OF the
British position IN the Transvaal Consnls
sold on a fraction and nearly all OF the for
elgn markets were heavy in sympathy with
London. Foreign houses said the Euronea,
markets were willing to participate In an
ADVANCE In Americans but would not act
without New York cooperation.
Traders sold some stocks during the
opening hour and forced prices Gown for
ufne without dislodging any significant
amounts of long stock. a later recogni-
'ion OF this fact resulted I'm a covering Of
Outstanding snort contracts, prices rallying
Sharply under the demand Several spe-
cialtes were taken up and made TO ref,ec,
substantial gains. The buy-ins of the long-
neglected North American shares u-as a
feature Tor time, the street predicting a
lation. ma 'i'pu-
me same brokers were employed as I'm
me case or Leather. and the same charac-
ter OF explanation was made The o,,t,,
accumulation of 100000 shares of the stocI,
vas vas reported, just as the famous 2OO.0O
served a
background for some rather a5,,nco, ..
llcs' Inc Leather shares were Themselves
9CniicNhlilS OF a feature by reason Of an
carry weakness and a later recovery
Mahnattan was sold down rather agrees
lNely during the first hour. hut a coVertps,
movement later in the day added > 1er oeH1
20 early prices. This prompt responsa 10
market '''S el'.'''
An advance in the price OF the local pss
stoShs was an encouraging development, IN
aSmuch as they tended to confirm rumors
OF an early settlement Of the gas war,
Inc purchase OF the Manhattan or Com
pany by Standard Oil interests has nm
ucuptedly simplified the local situation The
pressure applied TO other securities in o,,7a,
70 weaken the hold on the Manhattan on
company will now be relieved and a rnors
harmonious business relationship asra
oiSheq between the contending factions.
Inc buying Of the Great Northern issues
auting the last day or two is to find a re-
necJnn IN the improving quotations Tor
lh0Se shares The buying has been OF ey-
ceIIent character, and is likely IN 10 f,l-
lowed by some significant developments.
heauzng and some short selling In or
Anlerlcan sugar forced prices of for a
Ilme. and the usual explanations followed
The prospects for an early settlement -
the trade war advanced the price to I'll a
day or two ago. Today the price welded
win equal promptness TO the denial of
these rumors.
The denial followed the action OF the
stock and is somewhat suspicious because
OF this fact. There is almost no serious
counting OF the belief that the trade war
can De adjusted in a few hours at any time
the stock holdings OF the larger interests
are satisfactory
Money was offered IN round amounts from
TO per cent. and buyers had little dlfn-
Guilty in arranging loans for their Dur-
chases.