Evening star., 1894-04-12
FINANCE AND TRADE
Entertainments of the Bears Steadily
Resisted.
FEELING OF THE STREET BULLISH
Regular Spectators Favor the
"lndustrials."
GENERAL MARKET REPORrs
Special Dispatch to The Even,ns s,

special Dispatch to The Evening s,,x
NEW YORK, April PIN sn,,o -, A.,
bad weather and uncertain wire ,.o,,,,,..
todays market stubbornlv res,s,oa .h-
ehcroachments of the bears. The ,,o,,,,,,
OF business continues small. with 81. a..
dcstrials leading. There was no nars .,
Importance, and fluctuations in the rat;road
ilst were narrow and insignificant Tradeyr
generally are bullish and continue 10 bux
oh all reactions. While no important move
neht is likely during the period of uncer-
tallUy that must attend the senatorial
os2ate on the tariff bill the general ten-
uehcy VIII be toward a higher level The
lnoustr1als, of course, will be taken IN h.,6
as the particular schedule concerning IN.
Individual members OF this Eroun a, ..-
curities comes up in the course OF the
discussion.
WINE the railroads pursue their course
OF enforced conservatism and extend their
lines OF money-saving devices I'm order 70
regain lost prestige, the industrials will
mass their forces In an effort to ,bvart
hostile legislation. With this hu9hear re-
moved there is nothing to prevent an nm
precedented rise in this class Of stocks AS
present indications point to a granting a,
the majority OF the requests made IN bebalf
of these companies. more from necessity
than good will, traders naturally have for
saken tae regular list In the hope Of secur-
ing quicker returns in a class Of securities
distinctly speculative
The small investor will have no cause for
complaint, however. IL he continues TO nic,,
up cheap dividend-paylng stocks, the re-
turns from which are a trfne slow. hut reas
onably sure.
A comparison OF figures at the close
of the noon hour today with last
rights closing disclosed changes generally
less than 1-2 per cent the most notices HE
exceptions being Manhattan. which gainas
= per cent on good buying for Investment
account, and Delaware and HUDSON. which
sold down ] per cent on realizing.
The announcement that pold 70 ,h.
an oLnt of a million and a half ana rroSs-
bly, more would go abroad by SATURDAYS
stern ers led to a sudden change in sen,i-
ment just before delivery hour The room
element made an attack on the Crenoars
and the list generally, but with less e.
feet than usually follows a raid from this
cause.
American Tobacco was marked I'm
per cent to "a IA on early trading. but on
selling attributed to the pool declined 10
50 rs. In the absence Of any decision In
the case Of Chicago Gas traders continued
to buy the stock up to 63 L. a gain OF /
per cent from the opening
Sugar was strong at a gain OF 7-s ner
cent to 81. but sold OF during he after
noon in sympathy with the rest OF the
market.
The foreign exchange market opened firm
and higher this morning on account of the
pronounced scarcity OF bills. Sterling In
Paris was reported TO be advancing and n
was hoped that the strength in this center
would avert gold shipments. Foreign houses
were forced TO engage gold later in the day.
however, as the only sure means OF making
remittances by Saturdays steamers
Had London continued to buy our secur-
tiles, as was expected, IL would have solved
the difficulty arising from the general alb
sence of all classes OF commercial draw
ings.
The last hours trading continued dun ana
without noteworthy feature. Closing ne-
ures were fractionally below the opening.