Evening star., 1894-04-13
FINANCE AND TRADE
Industrials Continue to Be Preferred
by Spectators.
FALL AND ADVANCE IN. TOBACCO
Dizziness Generally in the Stock
Market.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 13.--The effects of
continued dullness are at last apparent in
stock values. Stocks that have stubbornly
resisted the depressing influences of gold
shipments and bear raids are forced to
yield in the absence of purchasers. The ex-
tent of the depression, however, is only
fractional and due entirely to the recent
period of inactivity and not to any setback
in the process of recovery. London prices
were lower this morning, especially for
Atchson, which was sold down on bad
earnings. The announcement of the COM
mittee chosen to manage the reorganlza-
tion of this property is expected tomorrow.
The committee is said to be both large and
powerful and fully equal to the difiieult
tesk before it. If it is possible to avert
IL no stock assessment win be recommend
ed.
The grangers under the leadership Of st.
Paul were fractionally lower. as result OF
short selling. The short interest in this
group of stocks is now almost large enough
to warrant a sharp advance should an at
tempt be made to cover. The affairs of Del
aware and Hudson are being carefully
watched by traders, who hope to profit by
The controversy now in progress as to the
disposition of the companys surplus. Both
of the contending factions are busy accu-
mulating proxies to be used at the next
meeting. The price of the stock holds well,
and predictions OF a sharp advance, grow
ing out of the above condition Of affairs,
are in circulation.
There were no material changes m the
remainder of the railroad list prices holding
firm within 1-2 per cent of opening figures.
In the industrial group American Toba eco
again attracted attention by its elastic fiuc-
tuations. On free selling by traisrs who
consider the recent advance due 70
the manipulations Of the pool, the price de-
clined per cent to SO 5-S and advanced on
covering of the same contracts to 30 1-2.
sugar rose steadily IA per cent on good
buying, induced by the belief that its future
is assured and that no unwelcome legtsla-
ton is likely. The feeling on the industrials
generally Is bullish, and much higher prices
are Tba promisea purchasers at prevailing prices.
Inc amount OF gold to go out by tomor-
row steamers is now estimated at s., 500-
oVo. sums asgregating this total have been
engaged by the various foreign houses but
II is not certain that the entire amount will
actually be shipped. Boston houses will
also snip upwards of 81 ON 900.
fne sentimental effect OF this announce
ment was less pronounced than usual ow-
ing to the general belief In an early dis
continuance Of the movement. The mar
ket for all classes of foreign exchange was
very nrm at yesterdays top figures Bank
ers report falling of in the volume Of
interior currency business for the week
One important factor has been the falling
on in the movement OF quarterly interest
money. New York exchange in Chicago
IS 10 cents cheaper than last week. as a
result of a decline in the volume of bust
ness between the east and west Prevail
ing rates in the west are a trifie under the
actual express charges necessary to move
the currency The gain to the banks is
estimated to be a trifie over 5000 900.
Sugar was the only feature of the last
hours trading, and gained an additional
Is per cent on continued buying
portant changes were recorded. The clos
ing was steady around initial figures