Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-04-07
FINANCE AND TRADE
Spectators Realizing on Advances
of the Week,
SATISFACTORY SHOWING OF THE BANKS
Fluctuation in Price OF CHICAGO
Gas.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Sta,
NEW YORK, April lin sympathy with
LOT oons depression our market opened on
from Ia TO SIS per cent this norn,ny ana
was moderately active. The cause OF LON
don's weakness was attributed 70 loc,,
political influences, and not to any mis-
sivings concerning the future of our snecu.
lative properties. Traders are stiu buII,sb
ard commission houses feel warranted in
advising purchases on all weak spot.
There was no news OF importance to affect
prices. The low level II prices Immediately
after the opening attracted some good buy
ing, and in almost every instance prices
were restored before the hour ended
The almost uninterrupted advance I'm
prices during the week gave way very natu-
rally. to realizing by the room during the
last hour. In consequence Of the general
desire not to carry stocks over until next
week mai hgures reflected a falling OF IN
price, ranging from 1-2 to per cent. Many
.,o,,, purchasers are holding OF in an
ucipatlon OF a further reaction which under
ordinary conditions. would be warranted at
this time. The prevailing low rates for
money and the great dearth OF frst-class in
certain than usual
Prevailing monetary conditions do not
warrant any material concessions from the
present level OF values, although there will
be momentary breathing spells in which the
shrewd operator will duplicate his holding
and add fresh impetus TO the upward move
ment.
The Changers were fairly active but 1T
the expense of values, Rock Island losing
1-2 per cent, and St. Paul and Burlington
each 3-S from opening figures
Delaware and Hudson officials have been
given the assurance that the Vanderbilt
interests will support the proposition to is
he 0nu ~
reelection OF the present management
This makes II necessary for the interest
favoring the issuing of new stock at Is. 10
buy the stock In open market in sufficient
amounts to give them a standing at the
meeting soon to be called to discuss this
subject. 1t is hardly likely that the latter
course will be resorted to. leaving the prob
abilities decidedly In favor Of the Wander
bilt position. The price of the stock gained
per cent to 144, but lost 1t on later trad
ing.
Chicago Gas was the most active feature
of the day, going up on good buying to
65 IA, a gain Of / per cent but the appear
ance OF a large block OF selling orders in
the last hour put the price of per cent
General Electric was improved ] 3-s per
cent on liberal purchases. and held well In
the face of the later weakness in the gen.
eral list
Sugar gained 1 Is per cent during the
first hour but closed with only a net gain
of IA Ger cent. This stock is believed 70 be
on lne verge Ol renewed dCuNlty, IN wniCh
present figures will receive valuable addi-
tons.
The bank statement was Unexpectedly
good in view OF the satisfactory increase in
loans. The loss Of over 100000 in lawful
money is due to the payments made to the
subtreasury on account OF the Cherokee
bonds. The increase in deposits is due to
the expansion in loans, and for a similar
reason the reserve shows a decrease
The statement in detail is as follows: Re-
serve decreased s2s02, LIS. loans increased
s662I.eO. specie decreased 1851. 200, legals
decreased 1852. 500, deposits increased ga
d52. 200. and circulation decreased s69 200