Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-14
FINANCE AND TRADE
No Activity in the Street Outside of
Sugar and Gas.
HEAVY SALES OF THE FORMER NOTED
Decreasing Earnings of the Rail-
ways.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. June 14-Outside of the
usual manipulation of Sugar and Chicago
Gas there was no activity or feature in to-
days stock market. In Sugar the effect of
MI Havemyer's testimony was twisted
completely around from yesterday in the
minds Of the traders, and they sold freely
from the start. A prominent commission
mouse, with Washington connections, also
look hand, and the sales of this house
alone are estimated at 5000 shares The
price started at 101 L., sold up to iOl IS
and then yielded to 30 l-2 under pressure
above alluded to-
The dispatches from Washington were not
at all of bearish nature, and the real
cause for the weakness was attributed to
the threatened action of foreign govern
ments to retaliate should a duty be i'm
posed by this government on sugar.
chicago Cas- while not so largely dealt in
as yesterday, was very strong throughout.
ana IL was very confidently asserted that
there would be no difficulty regarding The
fol- Incoming dividend
About the noon hour Union Pacific was
added to the "actives" and sold down from
is Ia to IL SIS On comparatiyelv beav,,
trading. The selling orders all came from
Boston. and Ii was estimated that upward
OF I,"oO shares were sold for that account
lhere Is no news or even rumor. to ac-
count for the sudden activity and Weakness
One of the prominent foreign houses thar
had announced the enga cement of 81. 20 uso
gold for export today. Cancelled half a
million OF the amount. encouragin the
street in the belief that the outward drain
was about over, though the market for
foreign exchange is firm on a limited volume
of transactions. and while the demand from
remitters is very light, the SUPPLY of bills is
so Inadequate that gold shipments remain
the only method of settling balances Rank
ers cannot sell exchange short as is
customary at this season. because the pro-
ceeds cannot be used to advantage in The
money market. I he following are the ae-
tual rates for sterling exchange: Gable
transfers, AS 81: sight. ass 1-2; sixty days
4S1 ID
TENS of the country of earnings for the
first week in June DO not show any i'm
provement, the Atchison for lnsta nee show
ing a deer of nearly quarter of a
million for the week
The money market continues easy. Call
loans were made at ] per cent through
out the day. Time money IS in liberia! sup
ply, but the demand is light. Rates are ,
per cent for ninety days. and l-2 for long
periods.
After the noon hour there was a renewal
of the selling in sugar that carried that
speciality down to 9S The rest Of the list
sympathiZed to a moderate extent, Western
Union selling from 81 TO ~ L. Rock Island
to 6S Ii from Co. Burlington TO "a "a
from IS 10, Chicago Gas to "a 1-2 from -
St. Paul alone of the railroad list and lead
common Of the industrials remaining firm.
In the last hou- the traders tried TO rally
the market, but without success. and
prices at the close were about the lowest
for the day. and the undertone was weak.