Evening star., 1901-11-26
Good Support Of the Railroad List
by Brokers.
COPPER UNDER PRESSURE AGAIN
More Rumors That DAILY Was
Realizing Heavily.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

| Special Dispatch to The Evening Star.
NEW YORK, November ga deter
| mined attempt to hold up prices in the
railroad list and to keep that department
of the market distinct from the Industrial
department, in which the action of ANAL
gamated Copper was causing uneasiness.
resulted in a steady undertone in spite
of occasional liquidations.
Copper was sold rather freely by Boston
| and traders, the price getting down within
a fraction of Is before any support was de-
tected. At the low level a vigorous demand
set in and the price rallied easily beyond 80.
The story that the Daily estate was real
| izing was revived and there were the same
| assurances that the government was about
to bring an action against the property for
seeking to control the price of the product.
In the opinion of the street this latter
story has lost much of it's effectiveness be-
cause the abuse, If abuse there be, is less
pronounced in the copper company than in
some half dozen other monopolies.
1t took strong effort to hold the general
market against the weakness Of copper,
but after the noon hour the sustaining
force began to exert itself and sharp rally
followed in all departments.
The buying of Manhattan was again good
In character and the much discussed plan
for higher prices found ready believers.
The buying again came from the brokers
usually employed by Vanderbilt interests,
but there was no confirmation of the sur
face indication that such interests were
the real buyers. New York Central was
strong as a result of predictions that the
company would benefit materially by in
creased dividends on Michigan Central,
Big Four and an extra disbursement by
Lake Shore. In addition to New York Gem
trails profits on its holdings of the securi-
ties of its controlled lines there is also the
very encouraging outlook for uniting of
all these companies.
The Vanderbilt group because Of its man.
agement, its present prosperity and the
hopes for generous treatment of present
shareholders in any new plans that may
be under consideration, is growing each
day in popularity Commission houses re-
port little new business. but such as is
coming in goes to dividend-paying stocks
or to prospective dividend payers.
The buying of Pennsylvania Is very good
and this in turn helps the prices Of all the
properties in which the road is interested.
Southern railway issues were strong and
so were Norfolk and Western. Readings
were in good demand and there was buying
of Erie on the theory that the property had
not had it's share of attention.
The coal roads are unusually prosperous
and the season of the year is favorable to
higher prices for them.
The industrial list was moderately firm,
outside of a few active specialties, and
fears of the Presidents message have
abated materially. over night. Just why
such a change in sentiment should have
appeared Is somewhat mysterious but
traders were not inclined to sell the indus
trial list with the vigor noted yesterday
The money market Is easy, and bankers
are confident that all demands upon them
will be easily met. The strike of the
switchmen at Pittsburg fell rather fiat,
since none of the companies was fncon-
venienced in moving its freight.