The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-27

NEW YORK. Oct 26.-As has been the
case throughout the week, the price
changes in today's market resulted wholly
from the technical circumstances of the
trading. Such new developments as were
noted with the course of the day were of
a favorable character. Certainly the final
and definite settlement of the strike of
the anthracite coal miners could be SC
classified, and the large additional num-
Der of traffic returns for the third week
of the month nearly all reflected ire
mendous distribution of commodities, par
ticularly as regarded the Southern lines.
That none Of these circumstances was
actually effective in today's market was
indicated in both the contraction in the
respect of activity and in the sagging ten
dealings reported the market full of
stocks,'' meaning thereby that the liquida-
ton of the week had. for the time being.
at any rate, swamped the new buying
power.
The larger professional operators of the
street appear. indeed TO have had COM
mon course in marketing their holdings,
and from indications in the loan market for
stocks, they have also. or many of them,
made extensive commitments on the short
side of the account. There was less bull
ish manipulation than for some days, and
with the market thus lief: to reflect moth
ing more than the dealings Of commission
houses and the operations of the profess
SIGNAL element its sagging tendency was
readily accounted for.
OF actual news bearing on particular
stocks there was very little and such as it
was it had little direct effect in the cases
ral D.,
sylvania were heavy, Notwithstanding tie
settlement of the coal strike but Lacka-
wanna advanced perhaps in consequence
thereof. A dividend of ] per cent was
declared upon Chesapeake and Ohio, end
that stock ran up rather sharply in adj
vance of the announcement. only to de-
cline subsequently with equal rapidity.
At the opening of business Southern Pa
cific was advanced rapidly. presumably in
connection with this mornings story of
Vanderbilt absorption. But the Roadway
acquired under this influence was Eatur-
ally soon lost.
The industrial quarter and the special
ties moved generally in line with the rail-
way list, although the price changes were
naturally somewhat more extensive. The
fluctuations in the local traction group
were notably wide, particularly in Brook
Ign Rapid Transit and Manhattan. but, as
was the case IN the REMAINDER OF tEe
market, the noted movements reflected
little more than the change of position
by the professional floor traders.
Considered as whole, the days market
could not be regarded as a serious phase
OF the general movement in prices, which
Set in some weeks ago. based upon the
confidence as to the political situation and
the expected consequent financial and
commercial results.
In the last hour of business the market
developed much irmer tone, an, a num-
Der Of sharp recoveries from the earlier
depressions occurred. The Pacific stocks
were conspicuous in the movement, which
was, however, fairly general. Nothing in
the way CT new developments attended the
afternoon recovery, and the movement ap-
peared to reflect chiefly the covering of
short contracts, put out earlier in the day.
Late in the afternoon the rates for money
declined sharply, but as most borrowers
had filled their requirements earlier the
falling off in rates was of no particular
Significance.