Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-09-06
FINANCE AND TRADE
Monotony Marks Operations in Wall
Street.
ABSENCE OF ALL PRESSURE TO SELL
improved Outlook for the Granger
Stocks.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star
NEW YORK. Sept 6.-The rnonotony OF
professional operations was more than eyer
conspicuous in today's purpcseless trading,
ana the motives resi- cr. sible for the frac-
tionai alterations I'm values DEFY ANALYSIS
Initial figures were slightly reduced from
yesterdays finals. but were well held i'm
spite of the general lack OF interest Lon
don prices were about on a parity with our
own. and were not a factor i'm the local
dealings. The bulls have the best of the
situation. but are inclined TO wait for the
bears 10 start the upward movement by
covering outstanding contracts. The alb
seace OF any pressure to sell is an encourage
ing fea ture of the situation. but is not sufti-
Gent to overthrow the power OF the room
element An aggressive movement I'm either
direction will be necessary TO expand the
speculative horizon and attract the atten-
ton Of the general public. Until such a
movement is well under way. the present
narrowress will continue. and the daily
reports barely escape In Significance.
The granger stocks were improved about
L. per cent Oh covering and a somewhat
More promising outlook for fall earnings.
The movement of merchandise incident to
the passage Of the tariff bill is. in a great
measure, responsible for Increased earn
- IN Ger sections OF the country In
winch local conditions cannot be relied
upoE 10 continue the Improvement
IN view OF this any taking of profits on
recent purchases will probably encourage
the creation of a new short interest South
e securities are coming rapidly into
FAVOR with far-sighted and conservative
operators. who are withdra wing their pur-
Grasses from the market to await the era
OF business prosperity so confidently pre-
dicte1 Tor that section Of the country A
: e, ,ou investment demand is noted for all
tiles. PA'e Seeui
sugar and Distillers were practically the
ohiy features OF today's market the trad
ing IN each being on a liberal scale sugar
opened az reduction OF IL per cent to Io4
ana sold on on free offerings of large
amounts 10 lu2 IL, many stop orders being
uncovered On the decline
Inc prospective reduction I'm the dividend
rate was responsible for the break The
announcement that the directors would not
ACT upon the next dividend until Tuesday
Created considerable mistrust among Traders
VINO Immediately began TO cover and forced
Ine price well in advance of first figures
Inc mysterious air adopted by inside inter-
es,s on this subject has given rise to the be-
nei tnat the recent decline was a device for
the entrapping of the overcredulous
Inc marketing Of 4 large block of long
STOCK cause1 break in distiilers during the
afternoon to point = 81 per cent under
opering figures. The feeling of the street
continues very bearish the future Of this
property. The balance of the industrials
were generally steady
Inc market for foreign exchange contin-
ues weak with a declining tendency An
increase is noted in the supply of bills
dta~h against future deliveries of export
ed merchandise.
The last hours trading was dull and.
Win lew exceptions. reelected fractional
conversions from first prices.