Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-01-25
FINANCE AND TRADE.
No New Features in Today's Specu-
lstion.
AWAITING ACTION ON TIE TARIFF
No Movement Likely Until Some
thing is Settled.
GENERAL MARKET REPORTS.
Special Dispatch to Tie Evening Star.

Special Dispatch to The Evening star.
NEW YORK, Jan. 25.-The opening of
today's stock market was steady, in the
neighborhood Of closing prices. LONDON
sold some stocks at the opening, but the
market took them all without any conces-
sions In values. The general character of
speculation presented no new phases and
continues almost without feature Fluc-
tuations in most cases were limited to IL
per cent either way from last nights clos
ing prices. The recognized narrowness
Keeps all but the most daring and venture
some operators on the long side Of the mar
ket. as the short interest in some Of the
specialties is known to have been largely
increased during the week. While the ma
Jority OF the professional element predict
higher prices in the near future. the senti-
ment for the present is somewhat mixed
owing to the conflicting tenor Of Washing
ton advices. Until definite action on the
tariff bill is taken q dull, sagging market
Will probably result, but decided move
ment either way is anticipated pending the
discussion on this subject
The belief in the probable defeat Of the
Dill In It's present shape is gaining ground
daily ana some are disposed to con sider its
recommitment among the probabilities.
sugar Is again down to normal condition
and inside interests show no sign of an
prehension over adverse legislation believ-
Ing that the present schedule will be de-
feated In the Senate or that a uniform tax
applicable to both raw and refined will be
added. Considerable long stock has been
marketed within the last three days, how
ever. and indicate some doubt as TO the
companys ability to continue present divi-
dends should the threatened schedule he
come a law. The price advanced during the
morning 3-4 per cent to az IA, and WIS
fairly steady within a half point Of that
price.
st. Paul advanced Is per cent 10 CO IS.
and was strong on good buying for inter-
ests recently arrayed on the bull side Of
this speciality.
Burlington gained SIS per cent to a. IS
Northwest lost 1-2 per cent to 10l. New
York Central gained 1-2 per cent TO loi.
and Louisville and Nashville gained IS per
cent to 45 Is. Western Union was only
moderately active, and gained l-2 per cent
to IS Is in early trading, but sold or 1
per cent later i'm the day on renewed SELL
ing by the bear party. Lower prices for
this stock are. from a bear standpoint, in-
evftable.
The industrials were unusually dull and
no important changes were recorded. The
recently organized pool in National Lead
have ceased operations for the present, fear
ing that the lead schedule may be remodel
ed after the sugar pattern. Chesapeake and
Ohio earnings for the third week this month
increased $500. Mexican Central, same
period. increased SOS S6S and Canadian Pa
c!fc decreased $1,000.
The market for sterling was STEADY and
continental bills weak. The weak less OF
the latter is attributed to the advance in
sterling on the continent. which makes Il
more profitable TO ship sterling TO London
and draw on the continent against these
shipments. Foreign bankers predict a fur
Their advance in sterling unless Berlin re-
leases some gold in the near future.
st. Paufs net earnings for December
show a decrease of sI5O.Ooo Leaders sold
the stock down l per cent on this an
nouncement and the entire market weak
ened in sympathy. The lowest prices Of the
day were recorded during the last hour and
the market closed irregular. but generally
fractionally below the opening.