Evening star., 1900-11-28
Stocks Dull and Weaker on Account
Of Holiday.
LONDON WAS DISAPPOINTING
Trading Was Mostly Done Among
the Brokers.
GENERAL MARKET REPOR Is
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, November 2S-Todav's
stock market reflected the caution incident
to a holiday, and the evening up of old
contracts was substituted for new ventures.
London was a distinct disappointment.
inasmuch selling orders were sent in
from that side and the much discussed
short interest gave evidence of its ex-
istence.
The larger interests did nothing of Inn
portance today, but expressed confidence
in the vitality of the market and predicted
a steady growth. The rumors which served
to advance the entire list a few days ago
were not employed at all today.
The volume of business decreased and a
traders market took the place of the broad
public trading which has dominated prices
since the elections. During the morning
hour prices yielded easily to the mixed .
selling, and opening prices were in many
instances, about the best for the day
After noon the selling was less urgent
and the market relapsed into pronounced
dullness at a fractional recovery.
The liquida ton of speculative holdinss
was not especially significant, and would
have been no factor in the market had not
the demand from the several cliques been
withdrawn.
Yesterdays sudden rise in Southern Pa
cific failed to hold over night. Opening sales
showed q Willingness to sell the initial
transaction being 5000 shares from 43l4 to
425s. The stock did not recover opening
prices and was only indifferently supported
around ~. Rumors of closer relations with
certain eastern trunk lines and some work
ing compact with Union Pacific failed to
stimulate the demand.
Southern railway issues held relatively
well at yesterdays low prices and had an
excellent report Of October earnings to help
the movement. The Pacific shares and
Atchison yielded to the selling of the room
and in this group the Withholding Of sup
port was especially pronounced
The steel stocks reflected cautious de-/
mand and some covering of short con-
tracts This group is being looked to for
rather substantial movement in the near
future, but trading Is still restricted
The unfortunate domination of the divi-
dend policy by speculative officials has in
jured the market for the common shares in
the Steel group, and the public refuses to
accept present Gumors for fact. Chicago
houses have been liberal sellers all week
and small local pool has been making an
attempt TO force sympathetic reaction
The break in Corn should relieve the sus-S
pense at that center, and more favorable
stock market attitude may follow.
The Presidents message may be reflect
ed in the market to some extent next week.
but in spite of the confidence in ultimate
values the next rise will probably be used
more by sellers than by buyers as means
to profits. The season il not encouraging
to new ventures, and the talk OF the street
will shortly be devoted to predictions of a
January rise This annual advance, while,
invariably credited to the first month of
the year. may come at any time during the
spring. This year conditions are peculiar
and few special movements may prevent
any general decline.