Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-21
FINANCE AND TRADE.
Business in Wall Street Near the
Stagnation Point.
ALL WAITING FOR TIE TARIFF ACT
Washington Advices Read With
eagerness.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

special Dispatch to The Evening Star
NE" YORK, Feb. 2l.-The evening I'D OF
traders over tomorrow's holiday resulted in
d moderate advance in prices this morning
uu' the volume Of business continues on
.he verge OF stagnation. London was slieht-
hisher Tor our securities, but pending the
soiution OF the tariff puzzle foreigners are
inclined to hold aloof from any active par
ticipation in speculation.
ihe premium list again reflects the pres
ehce OF an enormous short interest which
Is approaching dangerously near the -reac-
tlon point and must shortly be decreased by
purchases or the shaking out of long stock
Inc latter contingency is hardly probable
as the market shows a disposition to yield
easily TO any good influence, and stubborn.y
resisls every effort tending toward depres-
sion. The street is overrun with bear ar
guments' but from the lack Of stock for
borrowing purposes and the timidity re-
suiting from the present low level OF values
traders hesitate to act Under ordinary
circumstances such unanimity of opinion
would resolve itself into a bull argument,
Dut IN the present stagnant and narrow
conoltloh OF speculation all signs fail and
trading is the disastrous guessing of q
handful Of room traders.
Sugar continues to attract attention by
reason of its strength, and gained 5-s per
Sehk " 90 L. ol buying Tor both accounts.
Washington advices are carefully watch
ed. but. 50 far, give no tangible evidence Of
legislative probabilities.
Traders. however, favor the long side of
the market, and consider the stock cheap
even though the tariff schedule IL not modi-
he'd, the completeness Of the monopoly be-
ing urged as an Offset to the duty.
Distillers was steady around a. with some
slight tendency toward lower prices
General Electric, concerning which the
room has been bullish for the past few days
was marked up Ia per cent to IS on buy
ing by the room.
The Changers responded TO the more hone
full tone of the market, and while not con-
splcuously active, recorded slight gains.
Burlington gained 81 per cent TO 1912
Rock Island gained SIS to 90 "a 81 Paul
gained l-2 to % 1-2. and Northwest gained
l-2 to 10S.
The statement of Union Pacific for tn
month of December shows a decrease IN net
earnings for the entire system Of 1855 gyg
as compared with same month In 1880, and
total decrease Of the year OF A.7l4,3ss.
The scheme for reorgsnizine Richmond
Terminal, expected to be announced this
week, has been delayed. and win probably
be given out next week.
1t is understood that the interests of
stockholders are well cared for ana the
effectiveness Of the scheme approved
The market for foreign exchanee con-
tinues strong at yesterdays advance with
no increase in the floating supply OF bills
The demand from remitte-s IS not urgent
ana counteracts In some measure the lin
TIED offerings. Money rates are unchanged
at previously quoted rates.
changes, $50. 126,3l2: balances. Sl52, ga,
and the subtreasury's debit balance $3.50
26a The market closed steady around
opening figures.