Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-19
FINANCE AND TRADE
Specializing on What the Senate VIII
Do.
QUOTATIONS WITHIN NARROW LIMITS
Decreased Railway Earnings in
the West.
GENERAL MARKET REPORTS.


Special Dispatch to The Evening Star
NEW YORK, Feb 1e.-Speculation re-
stunned Its phlegmatic course this morning
anu orirted slowly In the direction of lower
prices selling movement I'm Distillers
put the price OF that stock off i-2 per
cent curing the early trading but on an
attempt to cover after the noon hour IA
per cent OF the loss was recovered. A west
ern pool is credited with the manipulation
OF the stock. and so well are their inten-
tons guarded that local operators are an
at sea as to the outcome of the campaign.
Inc uncertain tenor Of press dispatches
from washington in regard to the changes
IN the tariff bill led the room to the belief
that the short side was the one on which
the pool Is operating. but many OF the
shrewd operators inclined to the belief that
In the line of well-remembered precedent
the price would be marked up lust as soon
as the local short interest assumed unwar-
rantable proportions. The company is hard
~ likely to receive any material benefit
from the Senate's action on the tariff
schedule, and this fact, coupled with the
announcement that ground had been broken
at Terre Haute for the largest distillery in
the west TO be operated on antitrust prin-
ciples, added color to the long line Of bear
arguments in favor OF lower prices
Sugar was freely sold at the opening In
round lots, but buying orders were SO plep-
uful that the price was well sustained at
a 1-2 per cent reduction. Opinions differ
widely as to the extent and character OF
the amendments to the tariff schedule az
fecting this commodity. but for a quick
turn the room is inclined to risk the long
side, believing that some slight protective
tax will be allowed
The railroad list was almost entirely neg
lected In the general dullness that prevail
ed throughout the session and no important
changes were recorded.
Railroad earnings announced today were
not encouraging. Louisville and Nashville
for the second week this month decreased
$3.50, Chesapeake and Ohio decreased x4Q-
BOG. Wabash decreased s46,540 and Texas
and Pacific decreased S2S.345. Eries report
a decrease in net earnings OF SS33 $50 and
surplus. after deducting fixed charges de-
creased S233. 1S9.
The sterling market was very strong,
rates stiffening to within 3-4 per cent Of the
gold exporting point Bankers predict q
probable outflow of gold in small amounts
unless rates relax and the supply OF bills
increase. Money on cali ruled at / per
cent, and time loans continue at rates
varying from 2 1-2 to 3 1-2 per cent The
clearing house statement reports exchanges.
$40 1ss. 0s9: balances. AGo3.S55. and the
subtreasury's debit balance. 1894 o92
Prices steadied up during the last hour,
but the volume Of business showed no signs
| OF broadening, and outside OF the indus
! trials speculation was at a standsull The
closing was irregular with few important
changes.
The Silver Market.
LONDON. Feb. 10. p. m.-Bar silver.
| % 1-Sd. per ounce: money, "a and per
/ cent. The rate OF discount in the open mar
ket for short bills. "a and 1 IL per cent
and "a per cent for three months bills.