Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-11
FINANCE AND TRADE
Wall Street Listening for Washing
ton Advices.
OPPOSITION TO THE SUGAR TRUST
Manhattan the Feature of the
Regular List.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, December AUTHORIZATIONS
and the volume of business were both re-
stricted this morning, owing to the alb
sence of outside commissions, and the in
decision of the professional element rela-
tive stocks in the loan crowd are likely to
free offerings of nearly all of the more ac-
tive stocks in the loan crowd, is likely to
start a selling movement should gold ex-
ports be announced or any unexpected de-
velopments be reported from Washington.
The latter, while of primary Importance TO
the industrials, sugar in particular, would
influence the entire list. Washington ad
vices this morning were less sanguine than
formerly and report the presence of con-
siderable opposition to the present status
be made to consider the question Of abol-
ishing the differentiel duty on refined
sugar, and assume any degree of import
ance in the opinion of those most interest
ed, last winters campaign in the stock Is
likely to be duplicated.
The trading element has long been at sea
as 10 the outcome of the movement in
sugar based on legislative prospects, but
now the management is believed to have
some cause for apprehension and to have
concluded that present prices are high
enough pending the receipt of more favor
able news. The ultimate result, perhaps, is
not in danger, but the more conservative
commission houses are advising caution for
the present.
On early trading Sugar was marked up
1 per cent, and almost Immediately forced
back to initial figures under sales for both
accounts. Later the best prices Of the
morning were restored, only to be again
depressed by liberal offerings of stock.
The stock will sell ex-dividend tomorrow,
and considerable long stock will probably
be marketed in consequence.
Chicago Gas sold down on a moderate
volume Of business for a loss Of IL per
cent, and the balaEco OF the industrial
group attracted no noteworthy attention.
Manhattan was the feature Of the reg
ular list, selling Down 3-4 per cent on
selling by prominent bear operator and
the revival of rImors concerning the fur
Their Entertainments of surface lines. The
regular dividend of 1 1-2 per cent was de-
clared for the last quarter, which started
some covering by the room operators. The
executive committee of Western Union
also recommended tho payment Of the reg
ular quarterly dividend of / IA per cent,
on which the directors will take favorable
action tomorrow.
Some covering of yesterdays sales in
Erie improved the price of that stock
fractionally, and for the same reason
Jersey Central gained IA per cent. The
grangers were sold by traders for mod
crate concessions, and elsewhere prices
were barely steady on small volume of
business.
The market for foreign exchange opened
firm, with rates slightly above those pre-
vailing yesterday. Conditions are prac-
tically unchanged, arbitrage houses being
in the market as purchasers of bills, and
the supply Of the latter being extremely
limited. Indications point to liberal ex-
ports of coin by Saturdays steamers
The later trading was somewhat steadier
in tone owing to the predicted passage of
the railway pooling BILL a vote on which
is expected during the day. The market
was at no time relieved of its professional
character. Sentiment at the close was con-
nicting, but generally favorable to improv-
ed values in the railway list