Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-20
Spirited Rise in Prices
Marked Today's Dealings.
WAS UNACCOUNTED FOR
AMERICAN RAILWAYS PAHTlCl-
PATED IN LONDON ADVANCES.
Statements of Earnings and Routine
Announcements Furnished Only
News of Individual Stocks.

! NEW YORK November 2o-Apart from
the Improvement in the situation in Russia
and the continued comparative ease IN the
money market, there was very little TO Dc
adduced IN connection with today's spirited
rise in prices in the stock market
The betterment reported in affairs In
Russia found it's main reflection in an ad-
vance OF over one point in Russian Imperial
4 per cent bonds. and incidentally In the
Generally firm tone in the foreign stock
markets.
American Railway shares participated to
a marked extent in the improving tone on
The London stock market, and foreign
houses Were buyers on balance here to
considerable extent. their purchases being
largest in Union Pacific.
Money on call ruled for all practical pur-
poses between 5la and 61a per cent, and
sterling exchange. after opening higher,
suffered a material reaction.
The statements OF earnings submitted and
other similar routine announcements fur
alshed the only actual news that related to
individual stocks.
In Boston the Calumet and Hecla Cop
per Company declared quarterly dividend
of SIS a share, an increase of So share
above the last previous dividend. and this
evidence or the prosperity OF the copper
mining industry was reflected In pro-
ncunced strength and activity in Amalga-
mated copper stock in the local dealings.
Extensive Advances.
The Industrial and Miscellaneous shares
In general showed a long list of very ex-
tenslve advances, for which no direct rea-
sons beyond the technical market circum-
stances could be advanced.
Both Tennessee Coal and Iron and Sloss-
Sheffield made striking gains. but exact and
authoritative information OF the rise In
those issues were unobtainabie.
Other striking upward movements in this
quarter took place IN eFderal Smelling
American Smelling, American Locomotive
and in the other railway equipment stocks
All upward movement, although natur-
ally OF less sensational nature ttok place
in the United States Steel stocks, which
were heavily dealt in.
The Local Traction Issues.
Brooklyn Rapid Transit furnished the
bulk Of the transactions In the local trac-
tion issues which was otherwise not promi
nent in the days dealings,
That stock enjoyed further striking RISE
but. while the movement was widely her
aided. definite explanations for 1t were also
wanting. There was a very large increase
I'm the volume of business transacted. and
Inc railway list IN general moved upward IA
common with the other quarters OF the mar
ketf although the dealings in that direction
showed a rather greater degree of irregu-
iarity than was observed elsewhere.
Leading features of the railway lists were
Union Pacific, Reading. Ontario and West
ern. Chesapeake and Ohio. Louisville and
Nashville, Missouri Pacific and st. Paul.
Here also IL was difficult to go beyond
merely mechanical trading circumstances to
account for the striking gains made in many
instances.
The continued covering of short contracts
accompanied by no little buIlish manipula-
tion, conducted in the absence of any other
liquidation save that represented by occa-
sional profit realizing sales. might be named
perhaps as furnishing the dearest and suffi-
Gent reasons for the markets course.