Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-13
FINANCE AND TRADE
Sugar Monopolized the Bulk of To-
days Operations.
EFFECT OF TIE SENATE'S ACTION
Higher Prices for Chicago Gas
Expected.
GENERAL MARKET REPORTS
Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, December 13.-Speculation
this morning reflected the significance at
tached to yesterdays unsuccessful attempt
at a revival of the tariff debate and the
probable passage of the pooling bill by the
Senate with certain practical notifications
and additions. All stocks interested in the
attitude of Congress on these important
questions were consequently advanced for
encouraging gains from opening figures
The engagement of 81, 500, 900 gold for ex-
port, with the possibility of the amount
being doubled before the week closes, was
used by traders to depress prices, but with
only moderate success.
The sentiment of the street is decidedly
more hopeful in tone, and while traders
reactions are admittedly probable no i'm
portant setback is expected from the pres
ent level The free offerings of stocks in
the loan crowd may encourage a selling
movement the moment the efforts of those
interested in the advance are in the slight
est degree relaxed, but the growing ten
dency to buy on all concessions would
confine such an effort within extremely
narrow limits.
Sugar monopoliZed the bulk of the DAYS
trading, prominent operator just home
from flying visit to Washington being
credited with heavy purchases of the
stock. On liberal transactions the price
was marked up IL per cent without in
terruption. Toward midday a reaction, for
which the trading element was responsible,
forced the price back l 1-2 per cent, only
to be again taken in hard by strong inter-
ests and marked up to SO 81 the highest
point yet reached.
Indications point to a determination on
the part of the larger holders to keep the
stock within limits sufficiently large for
profitable trading in both accounts, with
out preJudicing the company's position in
Congress. Any extensive upward move
ment, beyond par for instance might re-
vive antagonism which would result in
hasty and undesirable legislation.
Chicago Gas was advanced l per cent on
purchases by the same brokers identified
with all recent movements in this stock.
The regular Dividend Is expected to be an
nounced as soon as certain officials return
from the west. The character o. the buy
ing has been such as to warrant a belief
in much higher prices for the certificates
of this company In the near future. The
balance of the industrial group was dull
and steady around first prices. In the rail-
way list the Changers were the features at
advances varying from 1-2 to "a per cent
on fair volume of business. Western
Union gained IL per cent and elsewhere
the list was steady on narrow and unim-
portant dealings.
The last hours trading was moderately
active and decidedly strong IN tone. Rock
Island and St. Paul We're the features of
the regular list during this period and
scored substantial Improvement over OPEN
ing prices. Sugar and Chicago Gas were
steady at prices slightly under the best
previously recorded. An advance Of lie
in the price of refined sugar is regarded
as indicating some slight improvement in
actual trade conditions.
AS whole today's market reflected more
clearly the change in speculative sentiment
figures, almost without exception, reflected
net gains for the day.