Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-12
FINANCE AND TRADE
Unlooked-for Good News of Railway
Earnings.
DECREASE NOT As MUCH As EXPECTED
Sugar Advances on Declaration of
Dividend.
GENERAL MARKET REPORTS.

Hf'eiai Dispatch 10 The Evening Star
NEW YORK, March l2.-Speculation he
san the week with a series Of docraasea
"i-i odu earnings and uniformly higher
rms seeming paradox is explained
'ie iact mat in almost every instance
"AeiS Increased earnings were renorte5 the
- u 'he decrease was much less than
puoiished estimates or reflected some rala-
~ Improvement over previous reports
ne sentiment Of the room was rnodar.,al,,
ouiiisi-' and considerable covering uras ~
piosress curing the morning. I,ondon nrice,
were iractionally lower. but had no .,ar,aI
iiiAdehce on local trading. There &c o, en-
eouraslhg tendency toward a broade- o,,a
"5e4uehtly more legitimate snaculsti,,a
Onal II continued, may bring The reio,
u 'he professional manipulator 70 q s,aden
- c'ual ending. Stocks that have long
=, Deen me- iected are now daily being traded in
=. ouits suggestive Of the return of the
Siraii investment buyer
The bear party are ciro,,,.... -
hui a. .ss issue OF bonds by Burlin.,t.n
pdt inc oinclal denial of anv s,,cb i,',a,e,i.
PrTsehted any decline in that nronartS ''O''
49,, "Iahsers were strong on a small
ano1ht OF business, Rock Islsna 10 H.
the INST with 4 gain OF 1 nar 80. ~ LIS u
AIissourI Pacific and Big Four eaOh -,
ca l per cent TO - rs and 30 resnec,i,siN,
su5ar Tetalas its position as leader ~ The
INDUSTRIAL group and gives fraeh a,.,io
OF us aJlilJy with each snccao a.. 49,
OF the day. The declaration OF The 1870
per cent dividend TO stock holde-s q
81 ,Sl,. ,islIen 10 mad good effect on ini-
ual nsures, which We're I-2 per CEN, -,
Ter IMAM Saturdays closing
buyers We're sufficiently plentiful NJ ,basa
ngufes TO marx up the price an adiitinnSI
o. =, per ceilt, from which point the retc-
down IL per cent. Purchases ~ L.,
week fancy prices are encouraged NV tl,e
TACT that inside interests hold The bnTs %
- $50 ana cannot successfully market
over the enforced ruin into which the t,,,st
Is plunged by the scant protective ssa t,,1os
OF the tariff schedule are heard on an sides
eut the recent buying of the stock has
been traced right into the heart ~ ~.
grleI-strlcken region and consequently
spoils the effect. National Lead gained !.
per cent TO SO Ia on a eair volume OF bnsI-
around these figures.
The accumulation Of this stock has uuiet-
~ been going on for a week past and m
dications now point to much higher prire,
IN the near future. Chicago Gas was
strong at q gain Of 1 is per .ent dua 10
covering Of short contracts
indications point to some gold ship,napts
later in the week unless the sapDly of hirs
is suddenly increased Bankers claim that
owing 10 the easy rates for money I'm On
dcn there is practically no profit in cxnort
ing gold at this time. but they are forced
10 do so by the extremely small amount OF
bills drawn against nearly all classes OF ex-
ports. Money rates are unchanged at
per cent for call and 1-2 to 3 ID ,nsr cent
Tor time loans. The clearing house state
ment shows exchanges $66 1361eo Balances
s4.1fi.96o and the subtreasury's debit hal
ance S4Ta.1SS
The closing hour was without snecial
feature, prices at the end If the cay re-
meeting some irrsgularity. but generally
above opening figures.