Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-17
Recovery in Russian Stocks
Helped the Market.
ADVANCES IN LONDON
OPERATIONS FOR FOREIGN &C
COUNT ON BUYING SIDE.
Trading Suggested That Much Of Yes
terday's Heavy Selling Was for
Short Account.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 1.-THE course
Of prices on the European stock exchanges
this morning indicated that the severe scare
with which the New York stock exchange
was seized In the last hour OF business yes
terday had little foundation in fact.
This mornings advices respecting the
Russian situation did not, indeed, show any
material betterment, but on the other hand,
Russian imperial As, after q further early
decline. rallied back well above yesterdays
closing figures.
The recovery in those securities had q
beneficial effect upon the whole London
stock market. and the early cabled advices
showed American stocks quoted there at
advances extending from fractional limits
to more than one point above parity with
New York's closing prices of yesterday.
Operations here for foreign account, while
not upon large scale, were wholly on the
buying side.
Russian Conditions Exaggerated.
The private advices of foreign banking
houses were to the effect that serious as
conditions iD Russia appear TO be their
financial bearing has been somewhat ex-
aggerated. The Paris market today at any
rate was quiet and firm. An extensive and
general advance In prices took place In the
local dealings. particularly during the fore
noon session. There was subsequently noted
some falling off in respect of activity, and
more irregularity In price movements.
The general characteristics of the trad
ing suggested that much Of the heavy SELL
ing of stocks which carried prices down in
the last hour of business yesterday was for
the short account, and there was much dis
cussion today with regard to the market
position OF the widely advertised and adj
vertising Boston operator. Reading and
American Smelling, which were the objects
OF his most recently displeasure, continued
to rise in today's dealings.
The New York Central Dividend.
The regular quarterly dividend was de-
clared on New York Central stock. and the
reports current early In the week that new
stock to the amount of about $4,000, 600
will be offered to the shareholders at par
were officially confirmed. There was little
other news relating to particular stocks
save of a routine character, notwithstand-
ing the very extensive advances which were
scored in many instances. In the railway
list conspicuous features were Union and
Southern Pacific. New York Central Erie.
Southern railway common, st. Paul and
Delaware and Hudson.
Brooklyn Rapid Transit furnished the
bulk Of the transactions in the local trac-
ton group, and was decidedly strong. Ex-
teusve gains On the industrial group, aside
from that noted in American Smelling, took
place IN New York Air Brake Anal
garnated Copper. Sloss Sheffield, Republic
Iron and Steel preferred and Tennessee Coal
and Iron, and in National Lead, Virginia.
Carolina Chemical and Railway Steel
Spring.
Announcement was made that the last
named company had acquired control of
the Latrobe Steel Company, the only i'm
portant competing concern, and would Is
sue 81. 500, 900 per cent bonds in payment
OF its acquisition.