Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-24
Lower Prices and Little Fluctuation
In Stocks.
ELECTRIC AMONG THE INDUSTRIALS
Higher Prices Are Expected 70,
Sugar.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, December 4-Openina
prices this morning were about on a parity
with last weeks final bids and were prac-
tically stationary throughout the day. The
extreme fluctuations did not exceed one.
half per cent, except in one or two in.
stances, in which special influences were al
work. The attendance of brokers was UNI
usually small and the course of prices
without significant purpose. The lower
prices were the result of moderate specula.
tive liquidation, there being no pronounced
pressure to SELL The railroad list was en-.
tirely void of feature, the total saies OF
all issues being considerably under an
active days record for a single stock.
The listing of the Southern railway Sc
curities In London was the principal news
item of the day.
In the Industrial list General Electric
was the feature at an advance of "a per
cent, due to the covering of short con-
tracts. The affairs of this company are the
subject Of considerable diversity of opin-
ion among the trading element. The ex-
tremely pessimistic views prevailing at the
close of last week have been so modified
as to relieve any immediate pressure on
the stock.
Distillers was marked up on buying for
both accounts. The recent heavy selling of
this stock has created short interest of
such proportions as to make a forced COW
ering movement decidedly profitable to the
| holders of long stock.
II is DeHeVeu tnat an attempt VIII SnOrtly
be made to mark up the price in order to
force a wholess lie reduction of the short
interest The bulk of the long stock pur-
chased today was for the account of those
having faith in the success OF such an eff
| fort.
Sugar was barely steady around 50 IL on
operations purely professional. The senti-
| ment of the room is favorable to higher
prices for thu. property before the week is
| out, but the dominating interest, with its
usual shTewdness, conceals its wishes in the
matter. The latter unknown quantity de-
| heS all rules of discovery and makes spec
| uladon hazardous to the average trader.
Among the specialties the stock of the Bay
State Gas Company was made conspicuous
| by decline of 3-S per cent on a small
volume of business. The manipulation in
| this property is second to none and it's pur-
pose is daily becoming more apparent.
Reading was bought during the after
noon on Philadelphia orders, resulting
| from the announcement that several large
| and important interests, which have been
opposed to the adoption of the Earle-Olcott
| plan of reorganizing, have expressed a will
| ingness to cooperate with the originators
of the plan In question, provided certain
concessions beneficial to the stock, and the
Junior securities of the company generally,
are made.
1t is believed that a satisfactory adjust
| ment of present differences will be made,
| and that the plan will be pushed forward
without the necessity of resorting to fore
closure proceedings
| The transactions of the last hour were
[ without noteworthy feature. the volume of
| business dwndling to the stagnation point
| during this period. Closing prices were
| slightly Irregular, but were not the result
| of any significant movement, other than
the scalping process Of the trading ele-
| ment.