Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-07
FINANCE AND TRADE
Sugar Continues to Be Conspicuous
in the Street.
DISQUIETING NEWS FROM WASHINGTON
They Cause the Price to Fall OF
Somewhat.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening stnr.

special Dispatch 20 The Evening stnr
NEW YORK, May There WAS nothing
IN today's market OF sufficient importance
TO relieve the overpOwerine mono,onv az
professional trading. In the railroad list
there was nothing approaching activity.
and prices remained almost at a standsttll.
shade under last weeks closing. London
was dull at reduction OF Ia per cent and
had no business on this side.
The Industrial group was also unusually
dull, sugar alone showing an air of activ-
ity. The tariff talk is not SO decidedly ia
vorable as last week. owing TO certain
necessary concessions Yet to be made IN
the interest Of hsrmony. Sugar IA very
ser sitive to rumors of any change In the
compromise bin now in the hands Of lhs
committee. and Immediately reflects their
import in its selling price After the Sc
we're hammering given the stock at the
close Of Saturdays business. a liberal buy
ing movement was the natural result at
today's opening figures.
The price was strong at an advance Of "a
per cent, when a series of Washington dis
patches limiting at the unexpected appear
ance CT certain legislative obstacles put the
price OF per cent. Subsequently the price
was advanced and found support around in
itial figures
National Lead was steady at fractional
advances.
Chicago Gas is the subject Of considera bic
good buying and was marked up 1 per cent
under the demand.
General Electric was conspicuously weak
at a per cent reduction, the result OF short
selling. In nearly all of the more active
stocks there Is fair sized short interest,"
and indications point TO further additions 10
the premium list There Is no long stock
pressing for sale. and the available supply
OF floating stock is daily diminishing Ia is
encouraging 10 the bulls to see conditions
SO Shaping themselves in this particular a ;
70 force a covering movement as the only
safeguard against cefaulting on deliveries
In the railroad list there is little TO war
rant belief in higher prices for the pres
emit The dull season is coming on ana earn
ings are improving slowly, IL at all. Pre-
valling hgures are too low 10 warrant sales
and stagnation under the circumstance
seems inevitable. The passage % a tarir
Dill VIII advance prices all along the line no
doubt but no sustained period of activity
is likely during the summer months.
IL was rumored curing the afternoon that
ST. Paul directors hal sold 81 600 600 bonds
out OF its treasury holdings The price or
the stock was effected by the announce
ntent Gold shipments by tonorroU-'s
steamers will aggregate something over
Sl..o.O0. according 10 today's estimates
ara VIII likely be followed by further con-
siEnments later I'm the week. The exchange
market presented no new features, rates
Folding firm under the demand from remit
ters. The supply of commercial bills Is
sun small with no signs of Improvement
The last hours trading was dull and with
out special feature. Sugar sold OF on the
less favorable outlook for tariff levislatio,
end the industrials generally were incrnas
to heaviness. Final figures were irregular
and trading narrow.