Evening star., 1894-04-04
FINANCE AND TRADE
1t Was Dull and Listless in Wall
Street.
OPERATORS INCLINED 10 Be HOPEFUL
Missouri Pacific Scores Another
Gain.
GENERAL MARKET REPORTS
Special Dispatch to The Fvep,r, s,.,

Speciai Dispatch TO The Evening Star
NEW YORK, April 4.-There was moth
ing OF interest to any but the professional
operator In today's dull and listless market.
Inc disinterestedness at times approached
dangerously near the stagnation point.
leaflng prices In many instances almost
unaltered. London, TOO. was duh ana ir-
regular with slight tendency to further
realize on last weeks purchases. The gem
eral narrowness of speculation led TO some
realizing by the room which the bear Marty
at once made the most of, I'm order TO force
reaction. Despite the energetic efforts OF
the latter class of traders no long stock OF
any Importance has been dislodged. The
bears have consequently come TO realize
that they have done all the selling and can
not control the situation.
They are confronted, too, by their lack of
ability to depress prices under cover OF ex-
treme dullness, which suggests a buying
back of their recent sales few eighths IA
advance OF the original transaction. This
state OF things will soon become discour-
aging, and then the bull party will come TO
the front as leaders.
Reactions are both natural and desirable
atter continuous use, and one at this
tune would 90 no harm, but beyond that
there is little likelihood of any natural SET
back in prices. The market responds easily
to good news and attaches little Importance
TO bad, in the belief that IL can be only
temporary in the face Of improved natural
conditions.
Missouri Pacific scored another gain of 1
per cent to 81 after a rather weak opening
on reported Improvement in traffic. The
recent 10 per cent rise in this property fs
said to be less than one-half OF the gain
to be finally recorded.
Delaware and Hudson reflected the popu-
lar demand for gilt-edged Investments bv
advancing = l-c cent
small transactions. New England is expect-
ed to show a net loss for last Quarter OF
nearly SSO,OOO notwithstanding the fact
that the most severe economic measures
have been resorted 70 in order to curtail
operating expenses. Rumors Of aproha bic
sale of this road serve the Temporary pur-
pose of holding the price up
General Electric sold down per cent ON
the published report that in spite OF the
good statement of earrings for last wear
the present market price Of the stock is
from to per cent above its values on
the company's books. Distillers was freely
sold during the morning and lost / 10 per
cent from opening figures
Natioral Cordage lost 1-2 per cent To
21 1-2 on realizing. Sugar brokers report a
brighter outlook for that commodity, re-
sulting in an advance in the rates for re-
fined and a slight reduction in the price OF
raw.
The market for sterling and continental
bills was strong at a fractional advance
over yesterdays rates. There Is some in
Quiry from arhitrage houses for bills to
cover sales of stocks for foreign account
The continued scarcity of all classes Of
commercial bills and the selling OF stocks by
London has given rise TO some speculation
as to the probabilities OF gold exports
The leading downtown banks say that
none will go out this week unless French
houses come into the market.
Prices rallied fractionally during the last
hour, but closed dull and irregular.