Evening star., 1894-02-23
FINANCE AND TRADE.
Prices Opened Slightly Above We'd
nesday's Closing.
TRADERS ATTRACTED TO SUGAB
Railway List Almost Stationary at
Fhst Prices.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

special Dispatch TO The Evening Star
NEW YORK, Feb 23.-Today's market
opened strong at slight advances over We'd
hesday s closing. with Sugar the center Of
attraction The railway list was practically
stationary around initial figures owing TO
the small volume of business The improve
ment In the price of wheat has served to
STEADY the price Of the Granger stocks. but
no decided improvement attributable to
TINS cause has been recorded. AS these
stocks were freely sold in anticipation Of
extensive liquidation due to the decline In
wheat 1t was but natural TO presume that
the price of wheat and the Granger stocks
would improve simultaneously, but traders
have thus far been disappointed and for
the reason that long lines Of short stock
are still uncovered. The loaning rates have
EXTENDED pretty generally throughout tie
list and covering movement must soon re-
suit.
Inside manipulation successfully marked
up the price of sugar ] l-2 Der cent and
monopolized what little business there was
In sight The reason for the ADVANCE Is as
mysterious as all the operations of this
clique have been, and the only reasonable
deduction seems TO be that a market is he
ing made to sell out the stock bought on the
decline earlier in the week Washington
advices report a hopelessly mixed situation
so ia as the tariff schedule is concerned
but should the sugar people get anything
ike the legislation they seek the price OF
that stock will in all probability have an
unprecedented rise
Chicago houses sold some Chicago Gas
and succeeded in putting of the price "a
per cent. The German element sold Distfl-
lers, but did not meet with much success
owing to the presence Of several large buy
ing orders.
The market for foreign exchange opened
VI q a for ctxr a
on account of the further reduction in the
official rate of discount in London to per
cent and private rates l-2 per cent lower
The probabilities Of gold exports are less
assured than they were several DAYS ago.
owing to the fact that the Bank of England
above the average.
London did nothing in our market today
and has again become alarmed at the con-
unued decline in silver.
The aggregate currency movements from
the interior will not exceed 81 10000 for
the week and indications point 10 a further
decline in the volume of this class of busi-
ness. The receipts have been principally
from eastern banks with New England in
the lad.
Subtreasury operations have been sin.
gularly featureless. the record showing
that the banks have received 81 SOS. 900 and
rlaoe payments aggregating 100000, in
dicating slight loss to the banks
The clearing house statement shows ex.
changes. sS96d2.d III; balances. S5l46, s3a
and the subtreasury's debit balance, $780,
So.
Money rates continue to rule at / Der
time loans.
The last hour was without special feat
ure sugar continuing in control OF the
business at fractional improvement over
opening prices. In the general list the
last prices We're somewhat irregular, but
in no instance Were they significant