Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-05
FINANCE AND TRADE
More Business Than Usual in Wall
Street.
COURSE OF PRICES TENDS UPWARD
Sugar Men Pleased With Wash
ington Tariff News.
GENERAL MARKET REPORTS.
spatch to The Evening Star.

Special Dispatch to The Evening Star:
NEW YORK, March 5.-There was con-
siderable snap in speculation this morning.
and more legitimate business than at any
time since prices began to work upward
The volume Of foreign business was small
and prices were about on a parity with
our closing. The feeling among traders is
uniformly brighter, and beyond the custom
airy reactions the course Of prices telds
toward higher level
Tarif news from Washington was rather
encouraging, and the industrials were all
active in consequence
sugar led the list, as was to be expected,
and On good buying for long account and
continued covering advanced per cent
The opinion prevails in speculative circles
that unless some slight determinations in
favor OF refined sugar is annexed TO the
tarih bill the whole measure must suffer
defeat and in either event the price of the
stock must be improved.
Friends OF the property showed their. be-
lief In this theory by liberal purchases of
the stock at today's advance.
National Lead was forced up / "a per
cent on purchases for out-of-town account
and presumably on advance Information
concerning forthcoming legislation.
General electric was moderately active on
general Improvement in the company's bus
mess. and prospects OF a very creditable
showing of earnings. Boston continues to
wire bull points on this property, and
houses with connections in that city have
been the principal buyers. The price mov-
ed up 2 per cent to - 5-S. and was strong
at the advance
The grangers continue to increase their
lead, and were conspicuous features
throughout the day. St Paul gained 1 per
cent to 81 3-S, Rock Island gained l per
cent to 40 Ia and Burlington gained is
per cent to 20 IL. New England was
strong at an advance of Ia per cent on
the belief that the reorganization scheme
would be rapidly pushed toward corple-
ton.
change market very closely in the hope
that the prevailing high rates may lead to
further gold exports. Bankers 90 not an
ticipate any shipments during the early
part of the week and believe that the move
ment is practically at an end because of
the extremely small profit under existing
conditions abroad.
The earnings of Louisville and Nashville
for the fourth week in February decreased
S126,lT3, and Missouri Pacific, for the same
period decreased $4,000. Railroad earn
ings are not consistent with the present
market prices for stocks, but in a majority
Of instances the relative Improvement has
been so encouraging that officials feel JUS
titled in predicting better figures frcm
now on.
Money rates continue unchanged, with
some slight tendency to an increased loan
business should stocks become active. as
now seems probable.
Trading during the last hour lost none of
its early vigor, and prices for active stocks
were at their best during ;his lime. The
buying had confident ring that, barring
the unexpected, must result in continual
ton of t0day's rally. The market closed
fairly active and generally at satisfactory
gains.