Evening star., 1894-03-17
FINANCE AND TRADE
Spectators Awaiting Action on the
Bland Bill.
WASHINGTON RUMCRO ON THE TARIFF
Bank Statement Shows an Increase
in Loans.
GENERAL MARKET REPORTS.
'ccial Dispatch TO The Evening Star

Special Dispatch to The Evening Star
NEW YORK. March 17.-Today's market
opened strong at advances ranging fror,
Il to j 3-i per cent, but subsequently, be-
came dun and irregular. London was
trading slightly in advance of our closing
ana bought moderately at opening fig
ures. Foreigners show no disposition to
extend their lines of American securities
While the silver and tariff problems remain
unsolved. Local opinions are conflicting,
both as to the wisdom and probable sue
cess of the seigniorage bill. For specula-
tive purposes the retiring of the bill is
the cherished hope of the bulls but the
best information is that the exigencies of
the situation demand its passage. EXCEPT
such rumors as concern legislation there
is practically no incentive to speculation
Traders are again in control Of the mar
ket, the sudden squirt of inquiry from in
Eestment buyers having been checked by the
delay on the part of Congress. The market
Is decidedly more sensitive to good news
than to bad and traders continue TO believe
IN higher prices. The strength uncovered
by the announcement of gold shipments is
most encouraging and shows that the street
Is perfectly conscious of the Significance of
the movement and has determined to dis
regard IL as a speculative factor
The transactions In the railway list were
unusually limited, the only important change
recorded being in Rock Island which sold
on is per cent to 60 Is. St Paul reported
a decrease of ss5,430 in earnings for he
second week this month, but the price OF
the stock was not affected by the announce
ment.
Chicago Gas was inclined to weakness
on the possible granting Of charter to
the new company at next weeks meeting
of councils called to con slider the ordinance
asking for such legislation. There are ru-
mors that the new concern will probably
triumph. even though he mayor vetoes
the project, as il is believed that they have
sufficient influence to pass it over his veto.
This, OF course, means a season of fierce
competition, and opinion is divided as to
which company will triumph.
Washington advices from reliable sources
intimate that many of the tariff schedules
will have to be recast IN order to be salts
factory to the various interests now open
ly opposed to their passage in the present
form. That this announcement is capable
of a variety of interpretations Is evidenced
by the action of certain SOCKS directly af-
fected thereby. The perfect organiza tIon
of the sugar interests leads 10 The conclu-
sion that no matter what changes occur,
that corporation will either be benefited TO
a greater extent or be permitted TO remain
in statu quo. 1t is obvious from the action
of the stock that they have nothing To fear
and the confident air assumed by the
larger interests would indicate that certain
changes would yet be made along lines sug-
gested by themselves.
On The other hand, however, what Sugar
gains Distillers and NationalLead will lose,
and this opinion is justified by the action of
both these stocks. White Sugar was mark
ed up o-S per cent, National Lead declined
a similar amount, and Distillers lost l IL
per cent to 26 Il
The changes in the bank statement were
unimportant except for an encouraging in
crease iE loans, indicating the employment
cf fair proportion of the money so long
lying in idleness. The statement, in detail,
is as follows: Reserve increased 81 eos 92:l
loans increased s., los, 600; specie increased
s1,2l9.200: legals increased S2,240, 100: de-
posits increased s1,162 700. and circulation
decreased ss24 500.