Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-22
FINANCE AND TRADE
bulls III Wall Street Full Of Con.
fdence.
DEFEAT OF TARIFF BILL HOPED FER
Better Times SAhead for the Rail
ways.
GENERAL MARKET REPORTS.

special Dispatch 60 The Evening star
NEW YORK, March 1.-THE vell-knoyu
aversion Of traders to carrying stocks over
holiday Resulted in a narrow ana upin.a--
estng market this morning. London was
IRON IL to l-2 per cent higher. but did
nothing on this side. Foreigners viii not
participate in local trading again until next
tuesday owing to TIE Easter holidays.
"HHe me volume OF business was small.
carry trading was strong and confide Mt
lrdaeEs are generally bullish, and belief
'hat the time has passed for profitable
Undertakings on the short side All the
ldrse commission houses are advising pur-
ciidSes on weak spots and predict broader
"I-I hisher market the next few weeks
INC ole element Of discussion in financial
circles is the President attitude towards
the h4and bill, and opinions are more con-
G.C1l's thi.E ever as to the final outcome
-te oPi-llon, emanating from sources
usually wen Informed, is that the bin viii
y NStOeu ana that al extreme free coin
ase bIh VIII be rushed through the House
Nlthh the next thirty DAYS Should MS
theoty prove correct the fate OF the latter
measure IS already known. and need rot
be seriously considered The s,1,,,-.aS,ioe
that a veto Of the Rland bill inplies defeat
Tor the tariff bill is accepted as SecidatiI,,
Liopdpie Dy many operate who are now
4
TINS double incentive. The short inferlost
has OF late been 50 thoroughlv reduced
that II no longer enters into the csIc;,ls-
tons OF the bulls. who are derard.r, -,
ufely lor the success of their ventures ~,
more legitimate grounds for irnprove~leyr
me strensth or the grangers. while IN
douDtedly arising from the covering Of
short sales, is now believed 10 he s,,stai-,s.i
by good buying for long Account IT,
prominent place taken by the railroaS
stocks during the week II is claimed fs
clearly attributable to d recognition on the
part part OF the Investment public Of the better
tunes aaead. IL is true, of course thai the
weeks market has never for an Instant
gone beyond the control Of the loc.I yo,1-,
element, but there has been a fair snriniT-
ling OF commission buying which is an -
promise. The bulls are encopragaI ~, ~
gradual relaNaJion in the rates for foreign
exchange, and the CONSEQUENT ,5eersasa a.
the probabilities of gold exports. The
larger shipping houses have taken no ia
as yet and see no reason now for doin9 90
a. any time during the week
Sugar has worked back to nominal rom
diuons, and, while active. is less violent in
its fluctuations. The element Of rlncer-a iytN-
to the real amount Of prorection a., -,
refined product serves TO curb Speculation.
pending something more definite on this
point The stock is well supported around
present prices. and il is beliayca inside ~,
nipulation is about to be resumed
The American Tobacco Cornpany's Stool,
was conspicuousiy active at a gain OF l 4
per cent 10 a. II. DlSlllers' is believed To
nave entered into some ARRANGEMENT with
the distributing association. the terms OF
which are as yet unknown. The strength of
the stock is attributed to this cause b,,t
the more plausible theory seems TO be that
the western pool is anxious TO make a mar
ket high enough to hquidate Cts present
large holdings
Chicago Gas sold down / Ii per cent to
62 3-S eX-dividenl- Yesterdays meeting
OF New England stockholders adjourned
without choosing 4
ing plans Of reorganization. Ii is estirna ted
that nearly seven million dollars win be re-
quired TO put the property in condition 10
compete with other roads in the same ter
ritory.
The stock advanced l per cent today in
spite of these facts. hut the opinion pre-
walls that ultimately the New Haven win
get control on its own terms.
The market dragged through the last
hour without any significant changes IN
prices. Realizing by the rumor brought
about a fractional reaction. but taken as
a whole the days trading was very salts
factory.