Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-29
FINANCE AND TRADE
Dizziness Characterizes All Specu-
lation Today.
AWAITING ACTION ON THE TARIFF
Friends Of Sugar Confident of Be-
ing Protected.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, June Birthdays market
eclipsed all recent records for dullness, and
was practically without other feature.
There was no business worthy Of comment
from any source and the apathetic transac-
tons Of the professional element left quo
tations unchanged. London contributed to
the prevailing disinterestedness. the only
feature on that side being a decline of 81
per cent in Nashville.
The steady tone of the market was en-
eouragirg, in view of the continued labor
troubles in the west. which promise to be
more serious than at first supposed. The
bears were not willing TO put out any con-
siderable line Of short stock on the strength
of this condition. fearing q sudden rally as
an expression of satisfaction at the passage
or the tariff bill. This latter event Is en-
lowed with all the respon sbility of inaugu-
rating the recuperative process. and Is ex-
pected to have immediate effect on the in
dustrial stocks followed by a steady i'm
provement in railroad values as soon as
Warranted by general trade conditions.
The delay in settling the provisions Of this
great revenue measure has resulted in a
general desire to add the necessary element
of tnality, rather than insist on the incor-
poration of less radical changes than those
that now exist. With this result only q
few hours delayed, the condition Of specula-
ton is quite natural, and warranted by
former experiences along similar lines.
The sugar situation Is decidedly eEcour-
aging to the friends of that property, and
II is reasonably sure that the present sched-
ule will pass the Senate. The proposed
changes are not material and are satisfac-
tory to the refining interests. Should any
attempt at radical alteration Of the sched-
ule be made by the conference committee
1t Is believed the action would influence
sufficient votes In the Senate to defeat the
bill. In view of the Senate's attitude the
vote Of that body may safely be considered
as settlement Of the controversy on this
subject.
Among other changes likely to be made
by the conference committee In the interest
Of harmony Is a withdrawal of the extra
10 cents allowed by the Senate on imported
spirits. Inside interests in distillers have
apparently protected themselves against
such a contingency.
The market for sterling exchange opened
lower this morning, with q tendency toward
weakness. A million and a quarter Of gold
has been taken for export tomorrow and
may be increased slightly before sailing
hour.
The net result Of the banks dealings with
the subtreasury during the week has been
loss of about 2,I5O.OUO to the banks. The
gold exports will also figure against the
The movement of currency from the interior
shows declining tendency, the receipts
IRON that source covering less than 50 per
cent of the losses above mentioned
ne last hours business was insignificant
toth as to the volume Of the trading and the
change in prices. Final figures were irreeu-
lar around initial prices