The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-17
buying FOR INVESTMENT
The Market Apparently Losing Its
Feyerish Tendency.
strong Bull Taauence From London
One Of the Features OF Yesterdays
DeaIfnss-RaiIway List Attractive
to Spectators Firm Tone
In lndusfrinl~ and SpcriuIticn-

NEW YORK. Nov IS.-About the sin.
gle circumstance receiving attention at
the opening of business this morning was
the tone of the London market. not that
in present circumstances. Wall Street at
taches any undue Importance to the ten.
dency there. but there was otherwise
nothing whatever new in the financial
situation.
Higher prices for American stocks were
reported from London. and upon the open
ing of business foreign houses had large
orders in the local market and bought a
fair amount of stocks on balance. The ten
dency of prices in the main was steadily
upward. and the trading. while animated
showed less appearance of fevershness
that at any time since the election with
the varying movements in the ,nean-
time.
Broadly speaking the dealings appear
ed to be governed by simple investment
considerations. The railway list again
overshadowed the industrial quarter and
the specialties in respect of activity, but
Notwithstanding that fact, those stocks
were also active and moved in line with
The remainder of the market. In addi-
lion to the lead set by the London market
sentiment was favorably Influenced by
more confident views as to the monetary
outlook. and, technically considered. by
the expectations that tomorrow's bank
statement will be a strong showing.
According to the preliminary estimates.
the banks have gained with the course of
the week upward of So, 000, 900. Ii is com-
monty expected that the loan account will
show a large increase, but the confusing
methods employed in compiling the week
ly bank statement nullify the value OF hot
only preliminary estimates but of the &C
tual showing.
Price movements were fairly uniform
particularly in the more active issues. In
some of the specialties, however, the adj
vances scored were particularly striking,
notably in Consolidated Gas and General
Electric. The buying of these stocks
seemed to be altogether upon investment
considerations, and, at all events. there
was no particular news or gossip regard
ing their course The latter observations,
indeed, could be applied with equal truth
TO the movements in the remainder of the
market.
A few stocks were comparatively slug
gish, but their tendency could readily be
attributed to the very extent of the adj
vance they have recently enjoyed North
ern Pacific or Pennsylvania being cases
in point. The strong railway features
were Atchison, Union Pacific common, the
granger stocks. notably Burlington and
Quincy, Louisville and Nashville. and
Southern preferred. Peoples Gas, Ten
nesse Coal and Iron. and Colorado Fuel
and Iron led the specialties in respect to
activity. The local traction group was
firm, notably for Manhattan railway.
Advances were firm in the Industrial
quarter, where Sugar Refining. United
States Leather, Federal Steel National
Steel, American Steel and Wire, and the
lower priced steel stocks generally were
prominent in the dealings. Trading was
exceedingly active throughout the BUSH
ness session. and. was well diversified.
commission houses reporting satisfac-
tory gain in outside interest, while the
professional element of the street, which
has been disposed to contest the advance
in prices since the election. was appar-
emily disposed 10 reduce commitmo nts on
the short side Of the account.