Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-04-23
FINANCE AND TRADE
Labor Troubles the Topic in Wall
Street.
BEARS AIDED IN DEPRESSING PRICES
Quotations For IndustriaIs Were
All Lower.
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 23.-Labor troubles
formed the chief topic of discussion this
morning. and in the hands of the bears
were not permitted to lose any Of their
significance. Early prices were lower, and
the sentiment of the room. If not pessimis-
tic, was decidedly reactionary. London
cables reflected a dropping tendency in
the market for Americans and arbitrage
houses sold literally In the local market,
especially of St Paul This stock was sold
freely by traders, but yielded only 1-2 per
cent from initial figures.
The Changers all sold off fractionally but
rallied later on covering. The New Eng
land plan OF disqualification, though I'M
ofhcial, Is by no means well received
Stockholders are inclined to consider the
proposed assessment Of their holdings as
a mere experiment to test the roads abil-
ity to compete with rival companies, with
the chances somewhat against it's success.
The stock was not permitted to decline
materially pending the official report of
the reorganization committee
The general railroad list was but little
affected by the days trading, owing to the
prevailing dizziness and the wholly profess
sional character of speculation.
Chicago Gas opened weak at a reduction
of 1-2 per cent, and sold down 3-4 per cent
on realizing and some short selling. There
was no news from the Attorney General,
and the street has about decided that his
opinion will be of little value as q factor In
speculation. Inside interests are credited
with heavy purchases of the stock on the
recent advance and predict much higher
figures on the basis of intrinsic value.
General Electric sold down 1 "a per cent
on selling induced by rumors of financial
difficulties. sought to be remedied by q re-
duction Of the present capital.
Sugar was depressed Is per cent to
95 rs by traders but rallied sharply on pur-
cheses for inside account. The feeling on
this stock is decidedly bullish and present
setbacks are treated as inconsequential as
compared with future assured profits.
Washington advices continue to support
the belief in satisfactory legislation along
the lines originally sought
The market for foreign exchange opened
dull and irregular with sterling rates a
shade higher than Saturdays closing. For
eign bankers anticipate further shipments
Of gold to Paris. but do not attach any i'm
portance to the movement II is not prob
able that any shipments will be made this
week. however, unless London continues
to sell our securities.
Railroad earnings reported during the day
were not satisfactory, nearly all showing
decreases. The roads in the west are han
dicapped by the general trade depression
price Of agricultural products and the still
visible effects of the wheat panic. In some
instances officials find encouragement in
the outlook, but predict a slow and almost
imperceptible return to normal conditions
The last hours trading was dull and un.
interesting, resulting in a steady closing al
fractional concessions.