Evening star., 1894-04-11
FINANCE AND TRADE
Little Change in the Railway List
Quotations.
lEDUSTRIALS WERE MORE IN DEMAND
Tariff Legislation Regarded as Inn
probable.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, April ll.-Dullness VIA. ,bs
dominant. and practically the only feature
In today's stock market. The destruction
or wires by last nights storm seriously
htertered with out-of-town business. es-
pecially In the south. Traders were dis
posed to work for a reaction. but activity
IN all directions was prevented by the
general narrowness
Inc railroad list hung idly in the neigh
borhood of opening figures, with no import
ant changes in price. Many of the usually
active stocks, notceably the Changers were
almost entirely neglected, and fiuctuated
hsuessly within the narrow limits Of Ia
per cent The industrials were more I'm
demand, and profited slightly by their popu-
iarity. American tobacco made the greatest
gain OF the day, selling up 1l-2 per cent
from opening figures on a fair volume Of
business. Chicago Gas was irregular in
ITS movements selling down SIS per cent
on early trading to 81 IS and subseouentIv
advancing i per cent to 62 rs Inside in
terests are quietly picking up small lots
OF stock on all concessions, and recommend
us us purchase, no matter what the result OF
the quo warranto proceedings. Renewed
buying in National Lead marked up the
price of that property l per cent. Sugar
was moderately active, at an advance OF 1
hope of the bulls.
The attitude of the Senate toward the
tariff bill is decidedly encouraging to the
friends Of sugar, and assurances are not
needed TO support the prevailing opinion
that adverse legislation during the present
session is decidedly improbable
Interest in the bond market continues
unabated, and brokers are well supplied
with orders for all classes OF reasonably
fair risks. The problem of investing money
promises to be extremely dificult Of solu-
ton during the present year, and IL Is safe
to assume that no good interest-bearing Sc
curity, whether stocks or bonds, will go
begging for a purchaser. Bankers are free
ly offering money, in sums to suit good the
balance Of the year, at l-2 to l-2 per
cent.
A per cent bond, even at a premium OF
20 or % per cent. has come to be regarded
as good Investment under the circum-
stances.
The question OF gold shipments later in
the week is still the subject Of coIsidera ble
speculation among bankers. The chsracter
of London's operations in our securities
from row on will be an important factor
in this particular. Should gold 60 abroad
the bears. as usual would magnify its
sierificance as bearing on current specu-
temporary setback in prices. AT present.
however. there is little in the situation 10
warrant risks on the short side of the
market. The last hour was a mere repeti-
ton OF the carly trading. the only con-
spicrous feature being a further advance
in American Tobacco. The closing was
dull and steady.
wheat Was Weak.
CHICAGO, April 11.-wheat was weak
today on free liquidation of May. After
opening 3-s lower at 81 Ia, May SOLD down
/ cent. At the break. Partridge became a
free buyer and a reaction to 81 IA followed.
Weak cables aided IN the decline