The Washington times., 1894-03-20
ARE LOOKING FOR A VETO
Wall Street Spectators Idea About
the Bland Bill.
STOCKS GENERALLY STRONGER
Sugar Advances l 3-4 With Fair Volume Of
Business National Lead Gains Point
Railroad Earnings Reported Still Weak
Better Markets Anticipated.

NEW York, March 19.-The spirit Of proph-
ecy pervaded Wall street this morning, and In
consequence coming events were discounted
and prices materially improved. Initial fig-
ures reflected gains varying from d to per
cent, and additional advances were recorded
as the morning progressed. There is grow
ing belief founded on good authority, that
the Bland bill will be returned to Congress
minus the coveted autograph, and with long
lire Of weighty arguments in support Of the
Presidential position. Add to this the assur-
ances that the industrials will yet be well en-
trenched behind profitable protective tariff
and the incentive to to-day's advance is COM
plete. Ii is a mooted question as to what the
effect on the tariff bill would be should the
veto power be exercised in the manner indi-
Gated
Many shrewd operators incline to the
opinion that tine failure to secure legislation
on silver will result in u combination of Vest
ern interests to defeat the tariff bill as n re-
buke to the administration. On the other
hand. it is argued that party pledges can
only be redeemed by passage Of the tariff
bill, and that eventually party spirit and al
legiance will triumph.
The sugar schedule, which, from specu-
lative standpoint, is the most important
feature OF the new bill, will be remodeed on
a more liberal and satisfactory basis. The
color test, the omission of which insiders Sc
lected as an excuse for manipulation, will
probably be added, thereby giving to the
trust the exact legislation upon which they
have patiently but firmly insisted.
After opening up at an advance of 1M per
cent, the price Of the stock was further i'm
proved "a per cent. on a fair volume Of
business.
National Lead gained per cent. on the
prospects of u favorable consideration of the
white lead schedule and rumors Of coming
dividend. Chicago Gas gained per cent. to
64lt on covering by the rumor which is now
less sauguine of the success OF the rival
company.
General Electric was strong at an advance
of IA per cent. In the railroad list the
Grangers were the most conspicuous. and all
recorded slight gains Burlington, North
west and St. Paul each gained per cent,
and Rock Island gained Y to 705l. Traders
were in control of the market and the VOL
ume of business was consequently small.
Railroad earnings reported to-day were not
very encouraging but stocks have ceased to
reflect these repC--s in view of the fact that
the Improvement in trade circles warrants
the belief in increased traffic in the near
future.
The market for sterling and continental
bills were firm. with rates well up to last
weeks average. The receipts from the in
terror were small, but the demand from re-
mitters had fallen off proportionately. Arbi-
TRACE houses are practically out Of the mar
ket. owing TO the small volume Of business
for foreign account.
The last hours trading was characterized
by an effort to depress prices. which was only
+fall, f,,t Tha % xhn
market is decidedly strong and clearly indi-
Gates a tendency toward improvement, which
the pessimistic element are daily coming 10
respect.
The closing was dull and irregular around
opening figures.