Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-09-08
FINANCE AND TRADE
Signs of Improvement in the Bust
ness World.
PROSPECTS OF INCREASED EARNINGS
Weekly Report of the New York
Banks.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK, September s-Prices were
irregular at the opening of today's stock
market and profted little by the subsequent
narrow trading. London was slightly i'm
proved and bought moderately on this side
st. Paul being most in demand as the re-
suit of yesterdays statement of earnings
Traders were active in the interest of
rally. but were only moderately successful
The professional selling Of the Changers
continues. stock being freely offered on all
rallies. The situation in the west has not
improved materially during the week. and
present prices for stocks dependent on that
section OF the country for improvement in
value are generally regarded by the con-
sentative element as too high to warrant
purchases.
The general business situation has shown
encouraging signs Of Improvement during
the week, and has had a beneficial infiu-
eace On the subject OF earnings and diyi-
dends. The disappointments in tine latter
particular are likely 10 be less general than
originally supposed. Comparisons are now
being made with last years worlds fair
traffic. ana are entitled TO lenient criticism
in consequence.
The transportation Of goods released from
the government warehouses during the
week Will materially increase the revenue
OF the roads engaged IN this traffic. Should
the present movement continue until the
holiday shipments begin, as some consider
probable, the reports 81 earnings for the
balal ce Of the season should show mOder-
ate Improvement
The situation in the industrials is practi-
caily unchanged. The developments OF next
Tuesdays meeting II the directors Of the
American Sugar Refining Company are
awaited with unusual interest. Assurances
from thoroughly reliable sources are not
lacking m support OF the payment Of the
regular quarterly > Per cent dividend. As
"A matter OF policy. however. the desira biIity
OF he proposed reduction is clearly APP
parent The protection under the new bill
IS much less than that granted under the
Mckinley tariff and practical sugar re-
liners outside Of the trust assert that under
u the present rate OF dividends cannot be
carmel.
The real question at issue is. nevertheless.
one OF policy, ana not earnings. the divi-
d. nds might be continued for some time TO
come by quarterly reduction OF the COM
panE : enormous surplus, but Congress must
BE- convinced that they have done less Tor
the trust than was generally supposed.
This can best be accomplished 10y a reduc-
ton of divicenis and further suppression
OF earnings. II is iair presumption that
should the : per cent party triumph at next
weeks meeting IL viii be the last OF the
generous distributions for some time TO
cCme.
pistillers opened weak but sold up Der
cent on the covering Of short sales. This
question Of a receivership for this company
Is likely 10 be decided in the courts next
week, although prominent officials deny
that there IS any apprehension on the sub
ject.
The weekly report Of the associates banks
shows a loss OF 81. 1884, JD in lawful money,
mostly legal tenders.
The decrease in deposits is in some meas
ure offset by an increase in the loan ac-
count. The surplus reserve is reduced
Si.Ss6opp reducing that item 10 sol. 49,. Issp
The statement i'm detail shows: ReseI,,. de-
creased. Si.S>'i55o; loans. increased. 81 S2I.-
so: specie. decreased. SfS19sl: legals de-
creased. 1886. leo: deposits. decreased. s.
lB.Obl and circulation Increased So aoN