Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-26
FINANCE AND TRADE
Prices Opened Slightly Under Mon
day s Closing Figures.
SENTIMENT FAVORS LOWER PRICES
Chicago Gas ShOwed''up. Con-
So. ..s..a-JA ~ ,f3s.-s.
spicuously Strong. i
GENERAL MARKET REPORTS

Special Dispatch to The Evening STAR Aiar@
NEW YORK, December 28-Opeping
prices this morning We're slightly under
Mondays closing figures and prefitea little
by the subsequent narrow and profess
s!onal trading. The customary holiday
mcrotony was very pronounced, commits
sion houses being in the market with only
a limited number of orders The senti-
ment of the trading element WIS almost
unanimously in favor of lower prices, the
absence of outside buying making the ef-
fort feasible. ,.,..s.....-....,
st. Paul was sold down "a per cent on
a reported decrease Of $50 in earnings
end Northwest was easily depressed SYM
pathetically for similar amount Bur-
lington lost 1-2 pera.cens ando Western
Union IS on limited volume of business
The restricted trading in other parts of
the regular list prevented any significant
changes from initial figures. Distillers was
an active feature of the frdustrtals> selling
up IA per cent on buying for both ac-
courts. The large short interest IN this
property and the probable success of the
reorganization scheme proposed by -the
present management were assigned as rea-
sons for the advance. Theyeovertng of the
short interest alone IL such a movement
can be made successful 81 would insure
higher prices for the stock of this COM
pany. .1@a So - ''a- - Nv
strong
on renewed rumors Of Sharp advance in
the price. The affairs of the latter COM
pany are in very satisfactory condition
and are fully competent u,to TO-, furnish the
itorious data for the promised, rise The
announcement of the declaration of the
usual dividend is shortly expected, per
haps during the present week. Sugar was
only moderately active. and inclined to-
ward weakness,
The legislation accorded this industry last
spring seems destined to cause complca-
tons of an international character be-Vonl
those in which Germany has already been
conspicuous Unless some, satisfactory ar
Tangement can be made with the several
nations interested the sugar schedule will
OF necessity have to be remodeled on lines
less advantageous to- fheutrust "rDs :"
The feeling in the street is therefore less
sanguine than formerly, and the selling of
long stock from the inside is believed to
have been In anticipation of impending
trouble of the character suggested above.
The market for sterling and continental
bills opened dull with rates practically un-
changed from Monday. The receipts Of
bills from all points were light and the de-
mand from remitters not particularly ur-
gent No gold was engaged for, shipment,
and bankers could give no accurate esti-
mate OF the probable outflow At the sclose
OF the week. The afternoons transactions
In railway shares were suni1nprovcd1 i'm
character, prices yielding easily to any
pressure to sell. In the Industrial list tho
NOASaty VI opiiloH 50 apparent during the
morning was still manifest. IS
The course of prices for the balance of
the year is extremely probiematicaL owing
to the few encouraging Indications of out
side interest in the doings of Wall street
The New Year, with its balance sheets re-
fiecting some degree of business improve
ment, Is expected to, bring the relief nee
essary to improve. sboth business and
values. In the meantime the room ele-
ment will be unmolcsted In the execution
OF movements barely profitable to either
account s1ysr' a.. $3.50