Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-12
Rise in Gas Trusts the Feature ofthe
Industrials.
SENTIMENT is BEARISH ON SUGAR
Restricted Volume of Business in
the Street.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September 20.-A restricted
volume of business, some covering of short
contracts, and moderate purchases in an
ticipation of a rally We're the conspicuous
features of todays stock market. Foreign
houses had but few orders, and did not
influence the course of prices materially
The general situation is unchanged, and
stagnation rather than significant nuctua-
tons i'm either direction threatens specula-
ton. Prices are advanced and depressed
alternately by the same interests. with the
advantage slightly in favor of the depres-
sion. The higher prices resulting from a
contraction of the short interest, in a mar
row market. are likely to incite similar at
tacks rather than encourage an extension
of the long account. The present situation
is favorable TO a rally at the expense of the
short interest, but il is not likely to be
long-lved.
Allowing for the advances attributable 10
natural speculative causes the sentiment of
the street is bearish on the industrials and
decidedly mixed on the railway situation.
The scarcity OF stocks may prevent a cam
paign against the latter group, but the
same argument does not apply TO the for
mer.
Liquidation in st. Paul is said TO have
been discovered. and traders are gradually
working around to a recognition of the
point. The stock is well held by an ex-
perienced pool, which has thus far with
stood all attacks from the room element
On moderate purchases the price was ad-
vanced 81 per cent, but was barely steady
at the advance. The balance OF the Gran
gers were dull and strong. Fractional ad-
valces were recorded throughout the gen.
eral list, but the volume of business was
unimportant.
Chicago Gas was the feature of the in
dustrial stocks. gaining per cent on lib
eral purchases by the houses identified with
the recent decline. This taking of profits
by the short interest has not varied the
opinions of certain well-informed operators
who regard the situation as decidedly adj
verse TO the company's interests.
Sugar was inclined to weakness during
the morning, selling down "a per cent to
% L. but rallied later for a gain of per
cent Sentiment is bearish in the most
significant quarters and the action of the
stock, which at no time during the day re-
Elected the firmness shown by the rest of
the list, confirms this view.
Distilers was steady on buying for both
accounts, and is an exception to the argu-
ments applied to the industrials as a class.
| The decline in the price Of this property
has been so complete that to exist at all II
| mas but one course left open to it. namely
| to advance. While higher prices are re-
| garded as probable in the near future.
threatened receivership and foreclosure will
| stay any permanent advance.
The market for foreign exchange opened
| hrm on small volume OF business, with
rates and conditions practically unchanged
| from yesterday. The last hours business
| was dull and strong, with advances evenly
| divided throughout the list. The action Of
Rock Island directors the subject of the
| dividend will be the basis of some activity
| in railway shares within the next few days.
Final figures were steady at net advances
| for the day.