Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-11-25
FINANCE AND 7 RADE
Stocks We're Heavy and
Prices Lower,
WITH FEW EXCEPTIONS
COLORADO FUEL WAS BOUGHT
FOR CONTROL.
Efforts to Continue the Boom in Man
haitian Were UnavaiIng-Gold
Shipment Talk.
WITH FEW EXCEPTIONS

Special Pispatch to The Evening Star.
NEW YORK, November 25.-Trading In
today's stock market was mainly in the
direction Of lower prices. The customary
irregular recoveries were recorded, but
there was no increase in the volume Of the
legitimate demand. Commission houses
tried to take profits on recent purchases
and had no buying orders Of consequence.
London sold several thousand shares and
prices receded easily in spite Of the manip-
ulation in certain quarters.
Foreign exchange was firm in the face of
an easier rate at Paris, and talk OF gold
shipments during Inc week was revived.
This condition caused traders to sell stocks
rather freely around the room and Chicago
houses sold a miscellaneous line of railroad
stocks. An attempt to keep up the pace in
Manhattan was not successful, and the bid
ding up of New York Central brought out
an increased supply of stock.
The mystery in the traction deal Is we'll
preserved, but as an incentive to new busi-
ness has reached the point of exhaustion.
There may be something worthy behind
this weeks action in Manhattan. but there
Is undoubtedly more manipulation than
merit behind the advance, no matter what
the incentive may be shown to have been.
The friction between the Gould-Harriman-
Hanley interests in the matter OF the con-
test for control of Colorado Fuel is dis
turbing episode. Now that the market is
narrow and railroad amalgamation is no
longer daily occurrence, the community
of ownership scheme, with its accompany
ing charities and good fellowship gives
way to the familiar snarling over the occa-
sional bone that is thrust into the million
aire kennel. In other departments of the
market similar friction is to be noted, and
the western element is disposing of stocks
while retaining resentment in large volume.
These internal facts are likely to be-
come familiar to the public as difficulties
arise and favored schemes are thwarted.
They are factors in the market and de-
serve consideration when new risks are
being planned
The selling of Union Pacific. Baltimore
and Ohio and other specialties was again
called good and came from sources friendly
to the properties. The reason for this sell
ing is attributed to the marketing of stocks
taken to support the drive made last week.
In all parts of the market there were SELL
ing orders of this character, and the only
demand came from the short interest
st. Paul was heavy and was sold by re-
cent buyers, and Amalgamated Copper was
weak enough to make stories of Standard
Oil selling in both seem plausible. Later In
the day sharp rallies set in in st. Paul on
the covering Of short stock.
The coal stocks were sold the an
nouncement that the government commits
sion would make definite report on the
coal strike, even though private settle
ment was made by the operators. Some
mixed selling of Industrial stocks was at
tributed to the probable antitrust recon-
mendations Of the Presidents message.