Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-11-17
FINANCE AND TRADE
Stocks Dull and Little Done
on Change.
LONDON BOUGHT SOME
MANHATTAN WAS THE FEATURE
OF THE MARKET.
Revival Of Old Rumors Of Vanderbilt
Control-Little Doing in the
Industrials.
LONDON BOUGHT SOME
Special Disuatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. November 17.-Trading In
today's stock market was mixed in cha rae
ter and materially reduced in volume. Lon.
don sent over higher range Of prices, and
some buying o9ders were credited to that
market.
The sentiment of the room was not az
gressiveiy bearish, but here and there
stocks were sold as the result Of depleted
margins or urgent needs growing out OF
ownership in unmarketable securities.
The attempt to depress prices by idle
rumors was abandoned, and some attention
was given to routine developments as an
incentive to trading. The engagement OF
81, 10000 Of cash for Geographic payment
to the interior. $500 900 to New Orleans and
the balance to San Francisco was not an
entirely welcome disclosure
The leading financial interests are max
ing an effort to ward off gold shipments for
fortnight longer In the hope that the
movement Of grain will set in during that
period and reduce the volume of the outgo.
An effort to keep the money market in har-
mony with this desire is hardly necessary
since cheap money is hardly likely for the
present.
The small decrease in last weeks loans
may not have reflected the actual loan
contraction, but 1t Is known that many
ieW lodIfS were maze last week by strong
interests. who took over weakly held secur-
tiles. The banking situation Is improving
and the street Is to be congratulated on
last weeks efforts to ward off an unde-
sirable climax to the western method Of
finance, but there is still much to be done
along similar lines.
A quiet market Is desirable in order that
the remainder of the cure may be admins
tered without disturbing general conditions
discriminating purchases are advocated
in certain conservative circles for the first
time since midsummer. This sign Is en-
courag1ng. but large margins should ac-
Manhattan was made the feature of the
market on a revival of the old rumors Of
Vanderbilt control.
These rumors have appeared at regular
intervals, have been denied, but will not
be put aside by certain speculative inter-
ests 1t may be considered significant that
whenever the Vanderbilt control is urged
Gould brokers do most of the buying. At
one time during the day the price crossed
Metropolitan, thereby fulfilling certain
speculative predictions.
Norfolk and Western directors increased
the dividend on the common stock Of that
company to per cent, but the action had
little effect on the price. The street had
expected nothing greater than this since
the collapse of the Gates pool.
Union and Southern Pacific were stronger
and nearly all Of the dividend paying
shares reflected an improving demand The
talk of a reduction in the dividend on Dele
ware and Hudson, as the result Of the coal
strike, was offset by rumors of a change in
the control of that property.
The Industrial list steady to strong
with some good buying in Sugar and the in
dependent steel shares.