Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-13
FINANCE AND TRADE
Spectators Disposed to Take Risks
On the Long Side.
FRIENDS OF SUGAR ARE CONFIDENT
An Upward Movement in Chicago
Gas Stock.
GENERAL MARKET REPORTS

Special Dispatch 10 Ths Evening Star.
NEW YORK, June 12.-Early prices In
today's stock market were slightly inn
proved over last nights final figures. but
attracted little business. London opened
from Is to IS per cent higher. brokers
taking advantage Of the advance to dispose
Of stock bought on yesterday's reaction.
The sentiment Of the room has again turned
bullish, and traders are disposed to take
all risks on the long side. The shorts also
show signs Of approaching nervousness.
which argues well for higher prices toward
the end OF the week. The railroad list was
dull. At times neglected. but developed .
steady undertone. resulting In fractional
gains for the day.
Yesterdays selling Of Burlington gave
way to . covering movement today. which
advanced the price per cent. It 10 Q sig
nincant fact that no long stock Of any I'm
portancs has been dislodged BY the recent
bursts Of bear enthusiasm A series Of de-
feats in that direction are sure to prove
sufnciently expressive to warrant . discon-
tinuancs Of such efforts.
the present situation to warrant . general
Improvement in values. provided the market
can be expanded beyond the domain Of the
professional element
In the Industrial list there was no pro.
nounced activity outside OF Sugar. The re-
ulsd to follow the closing Of the books for
the dividend. did not materialise this morn.
ing. Initial figures reflected . reduction OF
S-o per cent. ex-divtdend. and were followed
by q further loss Of 1-2 per cent to 100 IL
From the lester point the price was quickly
marked up 1-2 per cent on liberal pur-
chases for both accounts.
Washington advices contained NOTHING
new relative to the tariff situation. but
for the refining interests.
Chicago Gas moved up IS per cent 10 IS
the highest point achieved by the pool The
6imeu,.s; IN the way Of Distributing tn;
ofilctals are positive IN their belief that the
stockholders will not be subjected to any
delay on account of legal processes. The
all concessions and shows the presence OF
an experienced operator In every movement
The balance Of the industrial group vas
dull and firm.
The proposed plan Of recognising Atchi.
son will be announced next week, and Il
likely to meet with general approval
The adverse decision In the Rice suit
against Reading is regarded as favorable to
the interests OF that company. and Is ex-
stock
A million and q quarter in gold has been
taker Tor shipment tomorrow, and may be
followed by more on Saturday. There were
no important changes In the foreign ex.
change market. rates showing q yielding
tendency. owing to the limited demand.
The last hours business was dull and un-
important Final figures recorded fractional
gains.
Sale of Baltimore and Ohio Bonds.
NEW YORK. June 1s-The sale of Bal.
timore and Ohio railroad bonds made In
London 10 officially announced here today.
Messrs. Brown Brothers q Co. have pur-
chased for the account Of Brown. shipley a
Co. OF London ~ per cent Baltimore and
Ohio nrst mortgage terminal forty-year
gold bonds to the amount Of $500. 600.
The securities Of the bonds are the terminal
properties OF the Baltimore and Ohio Rail-
road Company in Philadelphia, washing
ton. Pittsburg and other points on the