Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-01-22
FINANCE AND TRADE.
Fall in Silver Affects the London
Market.
PRICES IN WALL STREET ALSO LOWERED
Interest Of Spectators Centered in
Sugar Trusts.
GENERAL MARKET REPORTS.
'ecial Dispatch TO The Evening Star.

Special Dispatch 20 The Evening Star.
NEW YORK. Jan. 22.-The influence OF
early London cables recording concessions
varying from Ia TO I per cent from last
weeks closing prices for International Sc
cur1tles, led to considerable irregularity In
Introductory prices on this side. The de-
cune abroad was attributed to a further
decline In the price of silver due to the ac-
tion or the Indian council and continued
decrease In the price of rupee paper. For
eign house We're liberal sellers during
the first horr. but the market took all the
stock offered without the least show OF
embarrassment or concession. The short
Interest has been reduced considerably and
The market IL strong ana healthy in tone.
Prospects of better earnings and general
Improvement In business have made the
shorts nervous and given the bulls an ef-
fective argument in support of their theory
of Improvement
The strength OF the Vanderbilt eroup IL
encouraging. as these stocks have fire.
quently heralded a general rise In stock
values
Interest centered largely in sugar. owing
to todays debate in the House on the tariff
schedule Traders sold the stock on the be-
lief that the refined product would be put
on the free list, and thus bring the German
refiners into direct competition with the
trust. After opening on Is per cent TO
81 further decline TO ~ Ia followed. but
around these figures the stock was well
supported, and showed considerable re-
sistance to bear attacks.
Chicago Gas was strong under the buy
ing Of the pool IN this specially. and gained
L per cent to CO Is.
Northwest was active, and gained I "a
per cent to l"I LIS. ST. Paul was marked
up 1 IA per cent to % IA. Rock Island
gained 1 Ia per cent to Us ga and Bur
tnEtOn sold 1 IA cent covering
to 20 lis.
The bond market continues strong, al
though the volume Of business has not In
creased materially. owing to the scarcity
around market prices.
The sterling market is steady, with y
tendency toward advancement Discount
rates have stiffened in England and on the
continent due in some measure to the fall
IN silver and the sentimental effect OF war
rumors The selling OF our securities for
London account slso contributes 20 the
general firmness OF this market
Money continues In abundant supply,
with some slight tendency toward improve
ment in the demand. Rates continue rs
previously quoted.
The clearing house statement reports
$1f2,T2f
Big Four earnings for the second week
this month Increased s. 2eS Atchison earn
vest earnings for the month of December
decreased S355.5sT
Prices held well during the afternoon. but
the volume OF business fell OF slightly.
Conhictine advices from Washington serv-
ed TO keep sugar frm around early priccs
Traders attributed the Improvement OF the
day to manipulation for bear purposes and
predict a reviva, o. selling for short ac-
count The course Of prices. however does
not sustain this theory. and the market
closed strong at fractional gains.