Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-19
FINANCE AND TRADE
Union Pacific Touches Its Lowest
Point in Years.
ADVANCE In CHICAGO GAS
Big Spectators Inclined to Let
Sugar Alone.
GENERAL MARKET REPoRTS
peciai Dispatch to The Evening Star.

special Dispatch to The Evening Star.
NEW YORK. June ls.-The absence Of
any important news and the thoroughly
professional character Of speculstjon re-
suited In q dull and uninteresting market
this morning. Opening figures were trrex-
uiar within fractional limits, and EXCEPT
In the case Of the bankrupt stocks were
not materially affected by subsequent deal
ings. The latter group Of stocks early at
tracted the attention Of traders, and were
marked down TO a level conforming more
accurately to their intrinsic value. as
judged by the always extreme bear stand
ard
Union Pacific. with the prospects of a
suit for taxes Instituted by the Attorney
General and the postponement OF July In
terest. was a shining mark for the believers
In short selling and yielded easily to every
effort On moderate trading q decline Of
l-2 per cent to Q 3-4 was recorded. being
the lowest point touched by this stock since
the panicky times of the early seventies.
The value OF Northern Pacinc preferred
was adjusted by subtracting l-2 per cent
from initial figures and Auchison lost B-4
per cent from similar methods. The Gran
gers We're steady around closing figures, and
nuctuauons elsewhere In the railroad list
were unimportant.
Ihe industrials were not heartily dealt In,
Dat were well supported. at fractional net
salEs. Chicas' Cas- sold up 3-4 per cent TO
40 "a. the highest point yet touched b.
the pool now in charge of that property.
Sonunoeo buying for the original pur-
chasers on the recent rise Is regarded as
satisfactory evidence OF the strength of the
issa apa my position In regard TO pending
iesai proceedings Shorts are being forced
OUT at every rise. and indications point 10
complete obliteration of that tn,er<zt h.
iVre the payment of the next dividend
sugar was marked up to q point is mar
cent IN advance Of initial fgures but re-
1880 ana became fairly steady around FIRST
a,I'e me larger holders are taking no
stock for the present, and wifi DO notbing
uhtli the situation at Washington Is i'm
proved: Inc only change IN The Seua ts
scnedule now seriously considered a. |.
probable one In the date fixing the time m
which the provisions OF the bill shall h.
come operative
DistLllers was sold down 1 per cent on
moderate dealings. and the balance Of shs
group was dull and steady.
Railroad earnirgs announced durfaS ,h.
cay were practically a duplication of prsyi-
Gus reports. with a slight interchsnctn ~
ngures on the same side OF the account
Louisville and Nashville for the second Vet
In June decreased SSs.6so, Texas ana Pnciec
slS.12 and Canadian PACING w. uOo. over
corresponding period last year. The marke,
Tor sterling and continental bills opened
strong and dun at previously Quoted rates
The last hours trading had little eject ON
values and was without special feature
FINAL sales In the regular list were made AZ
rates slightly under last nights closing ana
the industrfak were Irregular but generally
fractionAiiy improved for the day