Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-11-02
Sharp Advance in Several of the In
duStrial Shares.
STRONG INTERESTS WERE BUYERS
Good Commission House Demand
Came in Later.
GENERAL MARKET REPORTS
SreciI Dispatch to The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK. November Advances In
the London, market varying from Z. TO IL
per cent and moderate buying demand
from that center had decided influence on
early prices in today's stock market. The
local demand was not well distributed a
lew socks. probably a half dozen issues.
attracting all the better buying.
Ear.y IN the day bankers were disposed
TO regard the money outlook in a more
favorable light and this View encouraged
several recently formed pools to advance
their specialties.
one OF The most responsive properties was
Southern Pacific, recent negotiations on the
part Of the larger shareholders having re-
suited in strengthening the position OF the
controlling and administrative interest. The
powerful banking influence behind the
property and the prospect Of a more har-
monious relationship with nelghborins lines
brings this stock conspicuousIy TO the
front
Earnings are decidedly encouraging. and
there Is no preferred stock to stand between
the common and any surplus in net earn
ings.
Now that the important family holdings
nave been deposited with the newly formed
- At~AAN"NS' NAidh pottioH oil the STOCK reDrs-
scented in trading circles may be easily
dominated by the banking interest In
charge Of the majority holdings. An ad-
vance OF per cent in the stock today was
a very natural outcome Of the recent
checkrein action which had repeatedly
trled the patience Of small holders.
American Sugar was another important
participant in the days trading, selling nm
under good inside demand In addition
10 the ordinary purchases Of these shares
considerable short interest created last
week was covered at the high prices.
STANDARD OIL brokers were again acti,,.
In the Leather shares. buying round
amounts of the common stock and forcing
general covering among traders. Brook
lyn Rapid Transit was active ana al times
very irregular, the movement being largely
professional at all times,
The character of the demand r,r Rie.
four- and Chesapeake and Ohio was
thouSht TO lncicate some very important
INSIDE deNelopments, probably IN relation to
the 1nuch-GisCCssed consolidation
The continued activity in the anthracite
coa4 SHARES tends to confirm the popular
belief in higher prices for them. once the
leaders OF the market can make the under
taxing convenient with other demands on
them Reading issues are advanced from
uine 10 time as the general market war
rants. and the higher priced shares move
up easily under the slightest demand.
money ruled at an average Of about
per cent, and was in fair supply during The
greater part OF the day As a result If
this condition commission houses became
more active during the late trading. The
market gave some evidence Of broadening
during the final hour. a greater variety of
issues being included in the demand, For
elSn markets closed firm and Transvaal
news was construed to be more favor-7hla
taken as a whole the days developments
We're encouraging TO the advance