Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-11-03
Realizing Was the Feature in Stocks
Today.
CAUSED BY FEARS OF DEAR MONEY
Leather Advanced Five Points on
Sharp Demand.
GENERAL MARKET REPORTS
Special Dispatch to The FrsnInr Stnr

Special Dispatch TO The Evening" Star.
NEW YORK, November 3.-London pricas
We're fully up to the local closing parftv
and this fact. coupled with renewed usnip-
u'ation In the speciaIties. gave the carlv
market an appearance OF decided strength
Ihe volume OF commission business was
not up to the standard Of Yesterdays late
trading. and realizing sales became A fac
Tor IN the second hours business.
Inc usual concern as to what the weakly
o""A statement will show had tendency
10 restrict new business. Since last weeks
eAiiiOi' taiied To foreshadow the errstic
-io, eIiieht IN call money rates which was
such an important factor during the first
part Of the present week IT'S succassa-s
cannot be depended upon to be Of much
practical value. Bank statements have
been classed among the more important
speculative factors for so long that their
present inadequacy is not fully realized
Inc call loan rate is better guide to
financial conditions than is any array of
Ills computed on The average system
AIief good statement last week cali
money SuEanCCd to IS per cent and rs
since given way To = per cent A. Iba rafo
uIFIhS The active borrowing period
L-dsse transactions have been under
tahsh IN Few specIalties and the Iar.a
banks nave Indicated their ability Ia ha5.
die new loans N' :" "aH-
me inference follows that these fustit,t-
S toiis az 4east Know that their resources are
fu4ly equal to the new demands 49,
may not be wholly favorable ana ver p.
act nothing from the strength of indIyid
aI Isututlons- The elections viii ha,-s
o. Soiiie ihnuence on next weeks market b,,t
~ - not likely that any sustained NEE
49,, "AI inloW the result. unless tn. re-
'u P MS IRON, from ohio should be a surprise,
Nedilzlls today was Of the charact,-
incident 10 the close of th. ,yaels
a .. Was most conspicuous in the SnecisI'
- Inc buying on all declines was 81 .
hIiIu 10 encourage the belief in an early
81 assumption OF the advance ''
L-yIlu',h sold probably lJ,OD0 shares. uos.r,.
81 u me IoN-pflced ISSUES which haN. To- A.,
ulg week advance. southern Pacific "
soiu 10 take profits, but the banking fnt.r-
the decline -''i'''Ses II
leather was advanced sharpIy undsr .
poGI uenhand, but met good supply AT ~.
hlsh prices. The advance which ,rx,..,,.s4
TO = per cent was arcon1DanitT 80
juniors OF corner. and the short interest
co. ereu freely in consequence Standard
CI interests We're reported TO hay. mn
CHASED stock TO the fun amount - he
company total capitalization. and anorhsr
tePoit PROVIDED Tor settlement Of the out
- u ats snort interest on the basis OF $40
per snare hatever truth there may H.
IN tnls gossip OF the room il exerted A now
TILui influence on prices The indusfrssl
Ii9t as NhuIe was decidedly Irregular NM
"na' III me main, given good suppnrt
me enure day was given over ia raaIiz
rs a. me result OF fears OF higher money
ItulcllonS OF another loss in ash avr.pJ
ing to S4.Oon.0o0 for the week bronob, "a
some selling for both accounts Whatever
t .Lte Asurts OF the bank statement it "a
ihtiy thAt the several pools will look care
IuIly after their specialties