Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-31
FINANCE AND TRADE.
London Sends Over Buying Orders
to Wall Street.
WAITING FOR TARIFF LEGISLATION.
Hallway Stocks Not to Be At
fected.
GENERAL MARKET REPORTS.

special dispatch TO The Evening Star
Ne" hORh, March 31.-Today's short
session contributed little TO the volume OF
'ne week business. but was decidedly
strong and confident Throughout The nro-
iesslonal element monopolized the husine..
OF making quotations, and final figures show
no radical change in consequence u,ondon
came in promptly with a moderate sunnlv
OF buying orders and shows no si,ns n,
having exhausted its daily SUNNY OF con-
ulputons TO the local bull movement
Doubts ana misgivings as to the outcome Of
penang legislation, however, prevents cper-
ators from joining hands with their brothers
across the Atlantic in their efforts TO re-
store higher range Of values Natural
cohdltlons are daily growing brighter and
our future prosperity is no longer in doubt;
but between last summers panic and a
complete restoration of ante-panic values
lntervenes a long series OF legislative meas
ures, which are destined to oyershadow all
ether factors in speculation. Unfortunately
all this legislation is of a character which
cannot be applied to all sections of the
country WITH equally satisfactory results
hence discussions with their varying infiu-
values.
Commission houses are gradually making
encroachments upon the territory SO long
held in undisputed cor troll by the profes-
class OF dividend pa ing stocks are in de-
mand and find purchas ers on all reactions
The amount OF these purchases is not
large, but IL shows how carefully the public
Is watching -or favorable opportunities to
invest small holdings. Railway shares will
be affected by the character OF the forth
coming tariff discussion. but only to a mod
crate extent. The irdustr,als however
will continue sensitive to every rumor and
a period Of renewed activity is anticipated
In the latter class OF securities The sugar
schedule, for example. is by no means n
known quantity, and from present indica-
tons the whole 6; bject will be ventilated
with more particularly than ever Friends
Of free sugar have not been idle during the
past fortnight and are prepared TO show
cause why the original proposition TO rele-
gate this commodity 10 the free list is lust
and amply warranted by statistics.
Documents purporting 10 contain con-
elusive assurances of the correctness OF this
position have been distributed to members
Of the finance committee of the Senate and
will undoubtedly be given serious consider
alton.
The price OF the stock declined 1 per cent
today and is already the subject of consid-
cradle bear discussion
National Cordage was one Of the most
active features of the day and gained 2 Is
per cent TO - SIS. The affairs of this con-
Germ are said to be on the mend
The suit against the Chicago Gas company
for violation of the antitrust law is expect
ed TO reach decision next week and on the
result will hinge the fate Of that corpora
ton. An adverse decision means a for
fixture OF the several charters OF the in
dividual companies comprising the trust.
Louisville and Nashville was the only
stock in the regular list that recorded any
material advance or change in price. Con-
tinued buying nlarke up the price ! Is per
cent.
The banks have gained over 100000 in
lawful money. but have contracted their
loans s1,115,0O0, hence the Increase in cash
holdings is not fully shown in the deposits.
The surplus is increased Si.500.o0o. The
statement in detail is as follows: Reserve
increased s4.522. 500. loans decreased H,775,-
ZOO specie increased 81 .53l. 800, legale in
creased S3,S1o.4o0. deposits increased 49,
21S, SO and circulation decreased SIS, 800.