Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-20
FINANCE AND TRADE
Confidence of a Speedy Settlement
of the Tariff Dispute.
COMMENT ON THE PRESIDENTS LETTER
He is Thought to Favor the SEN
ate's Sugar Schedule.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, July 2o.-The narrowness Of
speculation this morning prevented any
marked changes in values. the railroad list
being almost neglected within a Ia point
radius Of opening figures
The tariff situation is again too compli-
Gated TO warrant any general speculative
movement but the room, while ignorant OF
the details, is confident that a satisfactory
agreement viii soon be reached. 1t seems
probable that the concessions necessary to
lass the bill viii be made provided that
the sugar schedule is left intact The delay
in settling this protractej controversy has
been assigned to the policy pursued by the
sugar interest, but the iron and coal sched-
ules should justly bear the burdens of such
criticisms. The dominant party having de-
clared for free raw materials il is not diff
cult to locate the exact point of friction be-
tween the House and Senate bills. The
presidential letter, while speaking very
guardelly on all trust subjects, is generally
regarded as approving of the Senate's
modification of the radical provisions OF the
original bill as applied TO the sugar ,indus-
try.
The street is bullish on the outlook for
sugar. using the double argument that the
refining interest must be protected or cou-
pied with the diSsatis element in other
Industries the bill VIII be beaten. Many
purchasers favor the last argument but the
conservative element is satisfied with the
fist. The stock declined 1 per cent to l0l
on realizing sales early in the day. but ex-
cellent pool support was disclosed at every
concession I'm price.
I'istillers was marked up 81 per cent on
what looked like an effort TO establish a
higher level for selling purposes
The feeling in Chicago Gas is somewhat
mixed, but recent purchases have been made
for strong interests with a wide experience
In handling the securities Of this company.
The railroad list was irregular. and the
trading very professional Traders predict
better prices ana considerable activity after
the tariff bill is disposed of, and are not
disposed TO encourage any extensive opera
tons pending the happening of that event.
The market For sterling and continental
bills opened steady on small volume OF
business. The offerings Of commercial bills
are small with no indications of any i'm
mediate increase in the supply. Foreign
houses viii ship about S2,JyOu09 gold by to-
morrcWS steamers at an average profit OF
between $500 and SEQ On every million. This
Is not large proht. ana in ordinary crcun-
stances would not warrant any outflow.
Notwithstanding declining tendency IN the
wheat market there Is but a limited export
movement in this staple and consequently
but few bills are drawn sgainst shipments.
The subtre2sury operations for the week
have resulted In gain OF about Ss.yn.0D TO
the banks. This amount Of gold withdrawn
for export is not Included in the above
amount, and will show as loss in to-
mor-ows report of specie holdings
The movement of currency from the in
terror has resulted i'm a moderate gain of
probably less than 81 .Vy1oy0 to the banks.
An outward moyen ent is expected In the
rear future.
The last hours business was dull and OF
little importance. Distillers weak on a
renewal of short selling and elsewher,
there was no activity. Final figures were
somewhat irregular, bu; in the main steady.