Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-17
FINANCE AND TRADE
Sugar Trust Declines on Report of
Investigation.
ACTIVITY AMONG TEE INDUSFRIALS
Railway Earnings Compared With
Last Years.
GENERAL MARKET REPORTS

Special Dispatch 70 The Evening Star.
NEW YORK. May 1.-THE opening OF to.
days market recorded advances varying
IRON Ia to 81 per cent and was moderately
active London was fractionally higher.
bur without special feature. The industrials
were all moderately active and scored sub
stantial gains over initial figures
Inc result OF the directors meeting 10
take action on the National Lead dividend
was eagerly watched for, by the room. AT
the close OF the noon hour it was announced
thaS the common stock would resume a,vt-
dends at the old rate Of per cent per an
NUN, and that the usual dividend on the
preferred had been declared The business
Of this company. in spite OF the general de-
preston. has increased more than % per
cent during the past year and officials re-
port good market for all their manu.
factured products. The duty on white lead
and certain paints in which lead is used is
satisfactory 10 the company, and with the
resumption of dividends higher prices are
expected. AS an onset to Immediate I'm
proVement there are many operators who
are carrying extensive lines of long stock a
shade above present prices anc who will. in
all probability, take advantage of the nrst
opportunity 10 realize.
Sugar opened strong and held well AROUND
luS ID. but yielded on later tracing TO
iu2 H. on the reported Introduction OF a
resolution In the Senate TO investigate the
charges or corruption recently made by GER
tam influential newspapers.
chicago Gas responded quickly TO a re-
newed demand and gained / 3-s per cent.
Dlsullers became suddenly active on COW
erihg ana added l-2 per cent TO its selling
price. A drive at General Electric during
the afternoon marked the price on i per
cent
In the railroad list Lake Shore was the
strongest feature, gaining +, IL per cent on
small transactions. Northwest gained "a
per cent 10 los IL, and Burlington sold up
o. 10 ~ on the covering OF shorts The
balance or the list held well at slight frac-
uonal gains, due to room operations 81
Paul reported a decrease of Slu2 100 for The
second week in May and other roads IN
that section are expected TO shcw decreases
throughout the summer months as the
comparison VIII soon be made with Ia,
years worlds fair traffic. 1t is quite likely
that this view Will be verified by reduced
dividends next fall. The continued low price
OF wheat Is strong argument against i'm
proved stock values This narrows the
sources from which bull incentives must
come down 10 those purely legislative
The market for sterling ana continental
bills opened steady on a small volume OF
business Rates and conditions are un-
char ged from yesterday. There are no in
dieauohs that the amount of gold 10 20
abroad by Saturdays steamers will exceed
original estimates.
The market relapsed into cullness during
the last hour, and prices shaded OF on
realizing sales. The action of lead was
somewhat disappointing. owing TO its In
ability to strengthen its position. Final
figures were irregular and trading dull.