Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-05
FINANCE AND TRADE
Changers the Most Active Railway
Stocks.
NO PUBLIC INTEREST In WALL STREET
Gossip Regarding the Next Sugar
Dividend.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, December 5.-The absence
of any pressure to sell at the opening of
today's stock market resulted in a contin-
uation of yesterdays covering movement
and fractional additions TO values The
general situation is unchanged, and con-
sequently unpromsing. The grangers were
the most active features of the railway
list, Burlington and Northwest each i'm
proving ] per cent under a good demand
from the short interest. st. Paul and Rock
Island We're barely steady, as the result Of
yesterdays unfavorable showing, and the
prospects of future decreases in earnings.
The coal stocks, of which Jersey Central
was the feature, at a l per cent reduction,
were dull and inclined TO yield to any
activity.
There is practically no demand from the
public, and this fact coupled with the alb
scnce of both aSgressiveness and bull ma
terial among the professional element gives
the bear party a decided advantage. ham
pered only by the limited supply of bor-
rowable stock.
The prospects OF financial agitation, with
the silver question involved, will prevent
any purchases by foreigners until all UNI
certainty as to The stability of our cur
rency is removed. Unfortunately this sub
ject promises to be agita ted merely, instead
of settled, at the present session of Con-
greSS.
The sugar dividend was the chief topic of
discussion among traders and was respons-
ible for liberal transactions in the stock.
Yesterday the opinion prevailed that = per
cent was the most to be expected this
morning confidence in a declaration of the
usual rate was manifested by bids of ~
and "a per cent for the next disbursement.
Initial figures reflected an advance of 9.
per cent over last nights closing and were
further improved Ia per cent on covering.
The price was then depressed to S64, from
[ advanced
SS3 on purchases for both accounts. AS
suranceS that the Senate will not seriously
consider the suggestions made i'm the Pres
idents message are accommodating and have
already stimulated some purchases for long
account.
Chicago Gas was marked up | per cent
under further buying, but realizing sales
and room selling contributed to q decline of
nearly per cent from best figures. The
affairs of this company are not in a con-
dition TO warrant short selling around pres
ent prices. The remaining industrials were
dull and without special feature.
The market for foreign exchange has not
changed materially, some exports of gold
being still regarded probable by Saturdays
steamers. All offerings of desirable bills
We're quickly absorbed by remitters
The afternoons trading centered in sugar
almost to the complete exclusion of other
business. The trading throughout the day
in this stock had been on an unusually large
scale, the total transactions up to > O'Clock
being upward of 2O00no shares The re-
ported declaration of the usual 3 per cent
quarterly dividend had no immediate infiU-
ence on the price of the stock the advance
or the morning being attributable to the
dlScounting of this event. The usual real
izng sales did not depreSs the price beyond
fractured limits, from which it Immediately
recovered.
Final trading was duh and irregular in
other parts of the list, but in the main
steady around first prices.