Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-12-27
FINANCE AND TRADE
Stocks Opened Somewhat at an
Advance.
NEW ENGLAND RECEIVERSHP fALR
improvement in Prices Not
Expected.
GENERAL MARKET REPORTS.
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, Dec. 27-The lack OF prss-
sure TO sell. coupled with a moderate in
curry from foreigners resulted in fractional
gains at the opening of today's market.
London's strength was somewhat OF a sur
prise as indications generally pointed to-
ward lower level for our securities In
that market during the week.
traders assisted the Improvement by q
liberal covering of short contracts agere-
gazing nearly 10000 shares. The taking of
prohts by the bears, however, was the only
stmuiant given speculation and prices
yielded easily to renewed selling at the ad-
vance.
The feature Of the day was the appoint
meat o. Thomas c. Plat as receiver of
the New York and New England railroad.
The tape had practically foretold such a
course and the official announcement caused
no surprise. In his report to the stock
hoioers. President Mcleod said today that
his belief in the property was unshsken
ana that the unfortunate condition of trade
throughout the country and the ina bilitv
10 secure New York terminal were the
snent.
After opening of 3-s per cent TO IA a
the price of the stock dropped TO 10 ana
then rallied on covering by the room on
the decline.
The curtailing OF short contracts resulted
IN an advance of l-2 per cent 10 rs is for
burlington and Rock Island ana 81 Panl
gained 3-s and 1 Is per cent respect,yei,-
western Inion was taken I'm hand ana ad-
vanced TO 81 l-2. a gain Of 4 per cent from
the opening N"i
While the covering Of shorts In the sne-
cialties was marking up prices ATTACKS on
other stocks Were having the opposite az
,ect Nashville was sold down 70 ~ 3-s, q
loss OF s-s per cent. General Electric lost
Il per cent TO "a 1-2 and Distillers Lost
3-S to is Us
The industrials. with the exception of the
above stocks. were strong and Chicago Gas
gained ID per cent to G. SIS
The days trading while somewhat irresu-
lar IN character showed the presence Of
only one element and that one decidedly
ADVERSE to any Improvement in stock val
The forengn exchange market was weak
at ] per cent reduction from yesterdays
quotations.
Brown Brothers posted rates at Ss4a
4s5 1-2 There is no demand for bills and
January demands have been fully eatts-
ned by importers. so that sellers have TO
make some concessions In price
Money on call ruled at 1 Der cent. ana
time leans. good for six months. were Of
fered at per cent.
The clearing house statement show. ex-
changes. SS.9ll.6ii; balances. S.400. SOS
s5el, ass. s"ee'
The only feature Of the afternoons trad
ing was bad break IN General Electric
70 81 - which stayed the rally In the bal
ance OF the list and left prices renersllv
reduced as result of the days opera
lions.
The London Market
LONDON, Dec. 81. y. m.-Consols. os
for money and es 1-s for the account: ".
Y. p. and o. firsts. IL is: Canadian Pacific.
fs rs; Erie. Ia IS; Erie seconds, az: hi
nois Central, 80 Ia: Mexican Ordinary.
- 81; ST. Paul. common. 81: New York
Central lol 1-2; Pennsylvania as SIS:
Reading, rs; Mexican Central New Fours
81 IL; Atchisoa, common, Il Is