Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-20
FINANCE AND TRADE.
lndustrials Again the Center of
Attention.
The BULL FOOL In WHISKY TRUST
Relying on Report in Favor Of Q
Higher Tariff.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, Feb 2O.-The Industrial
stocks again dominated the course Of prices
and absorbed what little activity there was
IN toaay's stock market. Early prices were
irregular and tended toward fractional con-
oessions' but the lack OF business detracted
from Their significance London was about
on par with our closing and had no i'm
portant orders on this side.
Dlsuiiers sold down / Is per cent on re-
he"eu selling by traders. A conspicuous
feature OF the trading in this stock was the
Ieedlhg out OF quite a block OF stock on
every raIIy. and so well distributed were
the selling orders that all efforts to trace
their origin failed. Yesterdays rally was
ascrioed to the Chicago pool, who are heavi-
~ loaded with long stock and were forced
TO come into the market with sustaining
orders IN order to protect their holdings
Inc pool continues TO exert every power 70
increase the short interest SO that they
may find market for their stock on the
faliy resulting from the efforts TO cover
short sales. Should the Senate finance COM
mittee recommend a tax Of 81 ~ per gallon
On Imported spirits a temporary rise would
IN all probability result, but the impetus
from this cause would not be sufhcient TO
Withstand the unloading Of long stock
bought against such a contingency, ana the
pool is forced into manipulation as an ad-
ditional safeguard against loss.
Sugar contir ues strong on buying by bro
kers lately active on the other side of the
market
The mystery concerning next Aprirs div
idend may be used to depress the price be-
tween now and the time Of payment but
the Cos ~
in favor of continued improvement. unles,
something unexpected develops in washing
ton.
Chicago Gas gained IS per cent 10 G. Is
presumably on covering by local traders
New York Central was fairly active be-
tween " and 81 3-S and predictions of
lower prices as the activity increased were
freely circulated.
The foreign exchange market opened with
a slight advance in rates and a pronounced
scarcity in all classes of commercial bills
The probabilities of sold exports are exciting
considerable comment among bankers as
rates are already above those at which A
pront was made at the time of the last
shipments. Opinion is divided as 70 tie
actual rate that will insure a profit under
the minimum.
The advance in rates has SO far proved
unavailing, so far Increasing the offer
lngs or bills. and gold Will have to be ship
80 oS vic OAis dNdlAdbl- means OF meeting
payments. unless the situation is soon re-
lieVed
Money is still offered in excess of the
demand and rates continue at 2l-a TO 3l-o
per cent for time and 1 per cent for call
loans The clearing house statement shows
exchanges, S1s, Alb, $50; balances 81 9ss. lQ.i
ana the subtreasury's debit balance ssO3 sol
The last hours trading was a repetition
of the mornings narrowness. with prices
slightly improved. The rally was due en-
tirely TO the evening I'D of contracts by
traders nd had no special significance
Washington advices were too mixed TO
justify action, and this fact led to a shrink
age in the volume of Industrial business
The closing was irregular, within fractional
limits Of early prices.
Wheat Firm.
CHICAGO. Feb. 20-wheat was firm to-
day. principally because of the cold wave IN
the winter wheat belt. Cash markets were
strong also. particularly in The west, which
also aided the bulls in their efforts to sd-
vance values. May opened unchanged at
SO is. ana advanced 3-s to IS l-2 Trad
ing was light, and the few offerings found
ready takers.