Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-27
FINANCE AND TRADE.
News From Washington Favors the
Sugar Trust.
SOMETHING DEFINITE EXPECTED SOON
Whisky Trust Drops on Tariff
Rumors.
GENERAL MARKET REPORTS.

Special Dispatch to The Evening Star.
NEW YORK, Feb. 21.-Prices were some
what Irregular at the opening of today's
stock market but rallied sharply on good
buying for short account. London was
weak at concessions. rallying from IA TO
l-2 per cent, and had q few selling orders
on this side. especially In st. Paul As the
price OF this stock advanced, later in the
day, only a few hundred shares were sold
Tor foreign account. thereby proving the ex-
treme narrowness and insignihcance Of
London's trading on this side
Inc interest IN tariff legislation Is now
at Its height, and some powerful incentive
to speculation is hourly awaited from
Washington. Sugar is destined to be con-
splcuously active within the next few
days, but In which direction can only be de-
termlned after the text of the Senate COM
mittees report on the tariff schedule is
made known. Indications now point to
some slight modification in favor Of the
trust, and should this view be sustained. as
today's dispatches say it will. substan tial
advance In price is practically assured.
The outlook for distillers is less encourag-
ing, as the committee are fully aware OF
the difficulties in the way of collecting
taxes on this commodity, even il imposed.
The liquidation of western holders and in
side selling within the last few days gives
some color to the theory that those best
able to Judge are inclined to take risks on
the short side, believing that no material
alterations in favor OF the company will be
made. The price today was fairly steady
considering the amount of business within
the limits of ga per cent.
National Lead advanced per cent during
the morning to q l-2. but sold or on a re-
white lead on the free list The room is
moderately bullish on General Electric and
succeeded in marking up the price rs per
cent to 80 on a small volume of business.
Do,
advancing Is per cent to SO 1-s on liberal
buying by shorts. and carried the rest of
the list up fractionally in sympathy.
The street having settled down to the
ment In prices will appear as the result of
final disposition OF the tariff bill, interest
in the regular list has been temporarily
Suspended and the superiority OF the indus
trial group recognized.
Todays covering movement in railway
shares. while limited, was undoubtedly the
result OF an effort on the part OF traders
to shift their holdings. so as to take part in
the industrial manipulation when the time
for action arrives.
The market for sterling is somewhat cas-
Ter, and the supply Of commercial bills
somewhat nearer the demand. The money
market presents no new features, rates con-
tinuing unchanged. and the offerings In ex-
cess Of the demand.
The clearing house statement shows ex-
changes, SIS. +S5, 726; balances. 1929, SIS, and
the subtreasury's debit balance. s6o6.054
Prices reached their highest point in the
last hour. and the general tone Of the mar
ket was strong. Last prices, as a rule
were fractionally improved over initial
quotations.
wheat Firm, but Dull.
CHICAGO. Feb. 27.-Wheat was firm bu,
dull today. Cables were slightly lower. but
not SO weak as expected. After yesterday.
break on this side the small shipments from
the Baltic and other ports and the small
total to Europe from all sources last weei
were bull factors. There was also SONS