Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-29
FINANCE AND TRADE
Speculation Steady and Volume Of
Business Greater.
COAL STOCKS GET THE MOST ATTENTION
Chicago Gas the Feature of thu
-.--, ...-'- -Js.hn
lndustrials..-..
GENERAL IN ARKETF REPORTS

Special Dispatch TO The ryyssDD,ss Star

Special Dispatch TO The Evening Star
NEW YORK. December 20ASpeculation
this morning was generally steady IN tono
and the volume of business unimproyed
The coal, stocks, attracted the greatest at
tention from the trading element, and sold
off fractioral1y' on moderate transactions.
Jersey Central was ,the most active, as ON
the two preceding days, selling down 90
per cent TO 81 7-S. and recovering all but
IL per cent, Of its loss ip.. the final hour.
The professional selling of this stock lacks
none of the confidence So prohounced at
the commencement of the movement. The
amount of long stock dislodged at every
fresh concession. has served to delay the
covering movement. which the scarcity of
borrowable stock was relied upon to make
an absolute anecessity before the decline
had reached its present limit.
Reading was sold for a small fractional
loss, In sympathy with it's higher priced
neighbor. Monday is the last day for de-
posting the securities of this company
9nder the reorganization plap Of the Olcott-
Earle committee. 1t is believed that soma
arrangement will be mada that will prove
perfectly satisfactory to the Junior security
holders and will ,nbviate. the necessity of
obtaining Justice through foreclosure pro-
ceedings. delaware and, Hudson was
marked up "a per cent on the covering of
yesterdays contracts. p
The Changers were duh, but steady
around first priees,npN Northwest and Rock
Island We're bought by the room element
for gains of 81 and SO per cent, respect
lively. -
In the industrial nst chicago Gas was the
feature, at an advance Of per cent.
kind usually productive of the best re-
suits. The regular dividend is practically
assured and orders for the stock are in
creasing as the date Tor the official an
nouncement of the quarterly disbursement
draws near The steady and urobtrusive
purchases for the pool continue without
abatement, the price moving UP easily In
sympathy With the character of the de-
mand.
A variety of figures are named az the
probable limit of the advance, but those
nearest present prices are sufficiently dis
tant to make profitable showing in the
long account 80 f~--''fs
Sugar advanced fractionany on moderate
buying, and is <Stiil the subject of much
difference of opinion among the traders
usually identified with any activity in the
property. Inside interests are not willing
that any decided movement either way
should occur for the present
IL is stated, however. that recent selling
was for the account of certain interests
usually well Informed on proposed market
activity in this stock. 1t is argued In some
quarters that SPANS attitude will tenn
porariiy beneht the company, as the price
OF refined sugar must advance If the re-
celpts OF the raw product are restricted.
Inc amount OF raw material on hand ID
sufficient, 1t is said, to supply the trade for
several months to come. This argument,
on Its face, however, is very short sighted
and only postpones a climax that must be
more seriously dealt with either by leg
islation or change in the grasping policy
of the trust
The balance of the Industrial list was
too dull to need analysis.