Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-01
FINANCE AND TRADE.
Washington Rumors Cause Sugar to
Fluctuate.
BUYING SPIRITED EARLY IN THE DAY
The Changers Continue to Make
Gains.
GENERAL MARKET REPORTS.

Special Dispatch to The Evening Star
NEW YORK, March l-Early trading
was quite spirited this morning, and prices
were advanced in proportion TO the demand,
wnicn unfortunately stopped a trife short
OF pronounced improvement Fractional
gains were recorded throughout the regular
Hst' and favoritism was less conspicuous
than usual London was a trife below
our closing. and sold a few stocks on this
side. but not in sufficient amounts to in
fuence local trading
FRIENDS OF sugar seem to have with
drawn their support temporarily. and I'm
consequence the price was permitted TO
gravitate slowly toward a lower level. The
oeiay In the Senate is being construed both
ior ana against the interests of this prop
erty' and as both arguments are equally
positive 1t is difficult to determine on which
side to act
The strongest interests are arrayed on
lhe long Side OF the market, and for this
reason the room is inclined to take mod
crate risks on the same side. After letting
.ne SUCK uecline to 81 IA sharp upward
turn was given 1t after midday by a renew
a. OF buying, based on wired intelligence
from washington foreshadowing the pos-
sioiiity OF defeat for the present tariff bill.
w nile TINS Is a strong bull contingency Il
ID uihe TOO remote TO warrant purchasers,
sHS oisCorudut element is much more
likely to leave sugar on the free LIST tina
70 let their pre5udices in that direction de-
Feat SO strong political measure.
General Electric gained / IL per cent
On continuation Of the recently inaugu-
rated buying movement I'm anticipation
or an exceptionally good statement within
the next few days
The Changers continue to hold their re-
CEN cn.,d sains ana are surprisingly strong.
considering the narrowness of trading
81. raul gained So per cent to 20 "a
Burlington gained SIS to Il rs, and Rock
Island gained 3-4 to &c. Manhattan ad-
vanceo i-2 per cent on transactions of a
rev hundred shares and Western Union
was conspicuously strong around Sc On
continued buying by pool brokers.
The Richmond Terminal reorganization
Plan. expected to be announced late this
AFTERNOON. IS generally regarded with much
favor and led to sharp advance in all
the securities Of that company, the bonds
especially rejecting the brighter outlook
Inc market Tor sterling exchange and
continental bills was dull. with slight con-
cessions In rates. The supply of bills con-
tinues extremely small. but a decrease in
the demand from remitters offsets this
condition. The bears are still arguing in
favor Of early gold shipments and predict
the next decline in stocks as a result OF
a loss Of gold to Europe. Bankers while
admitting the possibility Of an outflow of
gold. do not consider the subject of much
importance under existing conditions
Money rates are unchanged at 1 per cent
on call and IL to 1-2 per cent for long
time loans. The clearing house statement
shows exchanges. s7O.sss. 94l; balances,
500. and the subtreasury's debit bal
ance. $3.50, 346.
Under the leadership OF sugar prices
reached their highest level in the last hour,
and the market throughout was the strong
est In mary weeks. Encourag cling dis
patches from Washington continued to be
received up to the close Of business, and
were responsible for the strength OF closing
figures.