Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-02
FINANCE AND TRADE
A Rise in Sugar of Over Three
Points.
LEAD And GAS TRUST ALSO ADVANCE
Interesting Points in the Bank
Statement.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 2.-After two hours
OF listless and spasmodic trading, during
which the speculative inertia of the past
week was emphasized almost to the point
Of complete immobility. stocks in the regu-
lar list were left, In many instances. with
out the alteration of a single fraction.
Where changes did occur they raised from
is to 3-s per cent only. Atchison was
sold by Boston houses In the belief that
short sales even at the present level will
insure per cent profit. A half-hearted
attempt to increase the short interest in
the Changers, especially St Paul, made no
impression on the price of any member Of
that group. The premium list contains the
names of nearly every stock that has re-
Gently been traded in to any extent, and
demonstrates the fruitlessness of the bear
efforts to force out long holdings.
The recent selling of Jersey Central has
resulted in a premium Of Lea for use. and
has necessitated no erasures on the stock
books of that company. Earnings during
the week have been uniformly dscourag-
ing. but officials are hopeful of making a
better showing in the near future, and are
inclined TO take more cheerful view of
the situation. The passage of the tariff
bill is relied upon to inaugurate the i'm
provement.
The industrials were unusually active
and strong, and this of course heightened
the effect of the dullness in the balance Of
the list. Sugar was advanced without in
terruption to 1O4 "a. gain of IA per
cent from the opening price. The situation
in Washington is unchanged, and there
was no substantial reason for today's ad-
vance beyond the fact that the confidence
in the success OF the schedule Is practically
universal The rough places are not yet
passed, however, and today's prices are
likely to be replaced by others nearer par
before the final signal for the upward move
ment is given.
The buying comes from strong interests
who are not likely to be forced out easily.
even should a break come. and are fully
prepared to increase their holdings at lower
prices
Chicago Gas gained lis per cent to
20 IL. eclipsing all previous records on the
recent advance. The continued buying by
Mr.. keene, the recognized manager OF the
bull pool, is satisfactory evidence that the
pending quo warranto proceedings are not
likely to interfere with the payment of
dividends or the future welfare of this
property. 1t is stated on good authority
the eighties before the month is out Aside
from the operations Of the pool the stock
on merit is selling too low and will be
helped up by friends in its own territory.
National Lead advanced 81 per cent in
sympathy with the improvement elsewhere.
and closed strong on small dealings
The bank statement reports a loss OF only
$3.50, 600 in lawful money. but a decrease Of
over S,iJO.GO in loans. which. with the loss
in cash holdings. makes the deposits s.. Ooo.-
600 smaller than last week. The only i'm
portant feature of the statement Is found
In the fact that the recent drain on the
tically offset by the receipts Of currency
from the interior. The statement in de-
tail reports: Reserve increased. 1853. 400
loans decreased 81. 1sS 300: specie decreased
lie srnr q
decreased. 5000. 400. and circulation de-
creased, So, 400