Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-24
The Industrials More Attractive
Than Railway Shares.
THE ATCHlSON SITUATION DISCUSSED
Pending Legislation and the Sugar
Certificates.
SOME OTHER FEATURES
Special Dispatch to Tho Evening star.

Special Dispatch to Tho Evening star
NEW YORK. July ei.-Prices at the OPEN
ing of today's stock market were about on a
parity with last nights closing, with a
slight tendency toward Improvement Lon
don was dull and about one-half point below
cur closing. with some selling orders in the
local market.
AS usual of late. speculation in railway
shares was secondary 20 the superior at
Effectiveness of the industrial group. and,
consequently. was confined within narrow
limits. The rather free selling of the
Changers during the last few days resulted
IN a covering movement which made frac-
tional additions 10 early prices ST. Paul
being most favored. Rock Island Was
weaker than the general market, owing to
the bad showing made in July earnings.
Room selling, based on these reports. re-
suited In a decline OF 81 per cent. Rich
mond Terminal Was strong on the payment
OF the final assessment under the recrgani-
zation plan and an encouraging outlook for
the success OF the new company
The Atchison exposure rs still The subject
OF much dissatisfaction among stockholders
ana opinions diner as to the outcome. News
from Washington On tariff subjects Was
eagerly watched for throughout the day as
the street Is now of the opinion that the
situation has become SO COMPLICATED tlat
o On .he unexpected can possibly happen.
NO unexpected change in the text Of the
bill Is considered probable, but nnal action
IS likely to come without previous warning
The diferential duty on sugar would un-
ooubtedly be stricken out IL a vote is OBJ
tanned on that sub ect, and tie price of
sugar certificates would naturally suffer a
sentimental reaction. but the success of this
motion would seal the fate of the entire
Dill For this reason friends OF the refining
interests would help pass the resolution in
the interest Of an early and satisfactory
settlement Of the entire subject
sugar was strong at an advance Of 1 per
cent TO lo5 ga during the morning but sold
down TO lo4 on rumors Of probable intro
ducticn of a resolution similar to the one
| mentioned. Friends of sugar predict a
twenty-point advance from present prices
should the tariff bill be defeated The Chi
cago council passed the ordinance granting
a frar chise to the rev gas company over
the mayors veto at last nights session.
Beyond a Is per cent decline right at the
| beginning OF the session this action had
practically no effect on the price of Chi
cago Gas.
Covering I'm Distillers resulted In q - Der
cent Improvement in the price, but the
sentiment Of the street Is uniformly bear.
| tsh on the final outcome
The last hours trading was steady with
out any noticeable increase in the volume
OF business. Chicago Gas gained 1 per cent
during this period on good buying for both
| accounts. Favorable edvices from wash-
| ington served to hold Sugar I'D above Open
ing figures, but many OF them were uncon-
| firmed at the close OF the day. The net res
suit of the days trading was IN the main
| favorable to values.