Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-15
FINANCE AND TRADE
Wall Street Hoping for the
Bland Bills Veto.
IT WOULD HELP SPECULATION
Probable Consequence of Such
an Event.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

Special Dispatch 10 The Evening Star
NEW YORK, March 15.-Early figures re-
fiected no significant changes IRON. last
nights closing, but subsequently, succumb-
ed to selling by arbitrage brokers' and the
unsettled feeling produced by the probable
passage Of the Bland bill. The defeat Of
this measure is most earnestly desired by
eastern operators. and while its passage in
the Senate is conceded, it is nooe1 that It
will be returned lacking the presidential
autograph. Should the bill De vetoed spscu-
lation would rebound far beyond the recent
ly reached high-water mark. IN the event
of the bills defeat from any cause, tie
west will naturally be dissatisfied and re-
taliate by instructing its representatives in
Congress to vote against the tariff BILL and
thus defeat a measure framed for the pur-
pose of fulfilling party pledges.
The effect of such action, while disastrous
from a political standpoint, would be de-
cidedly advantageous to speculation, and
the indUStrialS would be given an impetus
far beyond anything that is likely to be
grated into the bill should il become law.
With so much ur certainty to the out
come of both these measures. il was not
surprising that the market was left in The
hands of few room traders, who exerted
ali their energies in favor Of a reaction.
The railway list relapsed into dullness,
and fluctuations were meaningless and con-
fined within very narrow limits Missouri
Pacific was worked up "a per cent, and
Burlington proceeded in an opposite direc-
ton the same distance. AtchiSon sold down
to - on the belief that yesterdays advance
was due to inside manipulation in 8nticipa-
ton of foreclosure proceedings soon to be
instituted by dissatisfied bondholders.
Without stock assessment or the foat-
ing OF a new loan il now seems utterly i'm
possible for the company to meet its inter-
est obligations maturing between April
and July ].
Chicago Gas sold up Is per cent on
early trading, but later reacted TO opening
figures on renewed attacks by parties be-
lieving in the success of the new company.
The new concern is composed Of many of
the most wealthy and influential men in
Chicago and the chances Of their wishes be-
ing granted are considered exceptionally
good. General Electric lost ID per cent
on realizing assisted by room selling.
Sugar sold up l per cent on moderate
dealings and reacted a similar amount after
midday. This stock sells eX-diVidend )
per cent tomorrow and then what will be
done with it is known only to the elect.
Sugar men are confident that their interests
are being carefully guarded in Washington
and are hopeful Of securing all that they
originally asked for.
a protest against the inefficiency of the
present schedule, signed by nearly all OF
the larger dealers, has been sent to Wash
ington with the intention of influencing
the Senate's action in the matter
The supporters of National Lead are APP
prehensive of some curtailment OF their
present tax rate and are making a deter
mined effort TO keep it intact.
The market for sterling and continental
bills was fairly active and firm. The SUP
ply of bills continues scarce, and indications
point to a continued decrease in lccei. Is.
This scarcity of bills has Drought bankers
into the market as buyers. and unless
their wants are satisfied il is highly proba-
bic that gold will be shipped ny next Sajur-
DAYS steamers.
SO far none has been engaged, and no
reliable estimate of the probable amount
can be made.
The last hour was marked by no Signifi-
cant feature beyond the announcement of
the passage of the Bland bill, which be-
yond fractional decline. had no effect on
prices. The closing was irregular and mod
erately active.