Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-24
FINANCE AND TRADE.
1ndustrials Occupy the Attention
of the Traders.
MANIPULATION MAKES SUGAR GO UP
The Bank Statement Shows In
crease in Loans.
GENERAL MARKET REPORTS.

Special Dispatch to The Evening Star.
NEW YORK, Feb. 24.-SpeculatIon in
railway shares dwindled into insIgnificauce
this morning and left prices practically, un-
altered at the close of business. AIanipula-
ton is the only means of activity and
stocks lacking this artificial incentive re-
TIRE into obscurity, while professional opera
tors make such quotations as their own
individual holdings demand. The Industrial
stocks have always been the favorites with
This class OF operators, because of the lack
OF knowledge on the part Of the general
public concerning inside facts ami figures
representing earning capacity. The pres ent
legislative muddle over tariff changes Of
fords excellent opportunities for manipula-
ton of the most approved character, and
today's trading shows that no time has
been wasted.
sugar opened up IL per cent from last
nlghts closing and on good buying Of round
closed within 1-2 Ter cent of best figures
NO reason was assigned for the advance
and authentic Washington adyices contain
notnlng Justifying any movement of this
KIND, Tor the present at least. Should the
sugar representation in Washington sue
ceed. however, in gaining even the smallest
or their demands. today's figures would look
exceedingly small few weeks hence.
On the other hand, should the Senate con-
firm the action Of the House on the sugar
schedule, the higher the price the greater
the deciine, and large profit both ways for
those with advance information.
Inc plan of the Distillers party ia i,,s,
the reverse of the above, and once again
rumors that the western pool were liou;dat-
ing and that the Senate COMMITTEES yvorld
report the tariff bill with he clause relst-
ing 10 imported spirits unchanged led TO a
general selling movement Resulting in .
loss of IA per cent to % "a, which was stay
ed only by the sounding of the gong Nos
terday bull tips were rife on this properry
ana considerable stock bought then was
sold today at loss traders fearing 10 hold
on IN the face OF such manifest manippla-
tion
National Lead. being also Threatened
from legislative standpoint, was sold off
IA per cent to % IL on considera bic
activity.
Chicago Gas is being quietly fed out in
moderate amounts whenever the market
Will take IL without injuring the price and
the opinion prevails that some one is
liquidating for fear Of renewed attacks
through city councils.
Western Union holds its own in the face
OF pessimistic arguments, and gained l-2
per cent TO 81 on small trading.
The banks have gained only 100000 I'm
lawful money this week. which. with an
increase Of $1.900,O0 in loans, is reflected
with more than usual accuracy in the
deposits. which are about s.. 10000 larger
than last week. In consequence OF this
last item the increase in surplus is small
Of the new government bonds is about
completed and has had no material effect
on the current market for stocks
The statement In detail is as follows:
Reserve increased. s230.615; loans in
creased, sl.sS9.3oo; specie decreased, $751;
400: legals increased. l.1s9.6oO: deposits,
increased. S. 100000, and circulation de-
creased. $S11,700.