Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-26
FINANCE AND TRADE
The Changers Were Most in De-
mand Today.
WASHINGTON NOT A FACTOR
A Bill Like the One That Passed
the Senate.
THE PRICE OF SUGA
Special Disnatch TO The Evening Star.

Special Disnatch TO The Evening Star
NEW YORK, July 26.-Opening prices re-
Elected considerable irreguiarity this morn
ing, and the sentiment of the room was
again opposed to Improved values. The
premium list Is too lengthy to warrant a
further increase In the short interest, and
traders. realizing this. bid UP prices i'm order
to force covering movement. The Changers
were most i'm demand in consequence of
their oversold condition. and all scored frae-
tional gains, St Paul gaining l-2 and Bur-
lington and Rock Island each 5-s Der cent.
Nashville advanced l-2 point through a SIM
liar process end elsewhere smaller fractions
were added There was no snap to the ad-
vance. which was purely one of necessity,
ana the undertone Of the railroad list was
unmistakably heavy. Traders used the out
now OF gold In support of their arguments
favoring a lower level the actual engage
meht OF the metal serving as a pretext for
reopening the discussion. The postpone
ment of the tariff debate until . o'clock cut
out washington as a factor in the early
trading. The climax cannot be ayerted
much longer and the Increased tension re-
suitlng from its near approach is easily de-
tected among traders who have taken large
risks on the result. 1t is the general belief
that a bill substantially on the lines of the
one passed by the Senate will be submitted
Tor the presidential autograph.
The manipulation in sugar furnished no
clue as 10 what was likely TO become of the
schedule relative to the duty on that article
fooi brokers Did up the price at the OPEN
ing. and are credited with large sales
through outside brokers. The price de-
clined sharply 5-S per cent to IOl 80.
and later rallied to lO3 only TO be
agtin forced down by free offerings.
The more conservative operators are still
confident that ultimate results win warran
their present determined stand on the long
side. Distifiers was marked up "a per cent
on covering. resulting from inside rumors
of a campaign against the shorts and the
formation Of a new bull pool. Chicago was
dull at slight fractional concessions
The market for sterling and continen al
bills Is strong on a small volume of bust
ress, with conditions unchanged from YES
terday. 1t is currently reported that the
demand for exchange resulting i'm the pres
ent frm rates is due to the maturing OF the
New York Centrars foreign loan, and the
similar obligations OF other companies
The scarcity of bills Is still marked and
saturdays loss Of gold will equal yester.
days estimates, the engagements already
assured making a total Of nearly S4UspOOl
The railroad list was neglected during the
last hour. Sugar and Distillers attracting
the bulk OF the trading. but with opposite
results. sugar was weak on renewed SELL
Ing by inside interests, who were repre-
scented by their own brokers and others
less well known. The reported inability OF
the republicans to stand together on the
question of Withdrawing the diferential
accounts. Distiilers was strong on good
buying by traders. Final figures were
Irregular. but In the main steady, at slight
fractional gains