Evening star., 1894-03-24
FINANCE AND TRADE
Little Movement in the Stock
Market.
VETO OF THE BLAND BILL PREDICTED
What the Effect on Speculation
Will Be.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March "a. - The alb
sence of many prominent operators, the
holiday in London. the uncertainty con-
cerning the Presidents disposition Of
the Bland bill and todays short session
were factors too important for a narrow
and professional market to overcome. The
railway list was neglected and closed after
limited amount of disinterested trading
within Ia per cent of initial figures. There
was no snap to any OF the dealings, cut
side Of distillers' which managed 10 gain
IS per cent on considerable activity, re-
sulting from a series OF well-distributed
points to buy for an immediate rise. 1t 10
quite probable that the stock may be adj
vanced still further, but IL is reasonably
sure that the market will be abundantly
supplied with stock on the march upward.
The western part, which has for so long
been carrying stock several points In ad-
vance OF the market. are now believed ~
be making final effort to liQuidate theis
holdings.
Sugar gained l-2 per cent on the smallest
volume Of business credited 10 that stock
Tor many months. The doubt concerning
the outcome Of the tarif bill is being used
against any immediate advance in this
! property, but the conviction is now deeper
rooted than ever that a handsome profit is
In store for the conservative operator on
the long side.
Tobacco was again a trife more promi-
nent than usual, and gained 3-4 per cent
/ 10 ~. chicago Gas was also marked up 81
per cent on moderate dealings.
washington adviees are as contradictory
as ever on The subject Of the Bland bill
but the sources ;hat first supplied the as
surances of veto are still confident. and
/ suggest the first two days of next week AS
tne date OF Their Tndication. The effect Of
veto Will be TO mark up prices momau-
tarfly, but liquidation will undoubtedly fol-
low, and the rebound may be the ,nost
memorable feature OF this action on the
part of the executive.
| BE the speculative effect what n may ali
believers in sound money policy. which
viii be respected at home and recognized as
| such abroad want the bill vetoed and
while their manner Of enforcing their claims
upon the President may be objectionable to
him, il is expected that they viii be care
fully weighed and finally granted
| The sterling market has ruled dull and
without special feature during the week
and closes dull with tendency toward
weakness. This latter condition is the re-
| suit Of better supply Cf bills and a fall
ing of In the dues, and from remirtcrs
/ The purchases of stocks by arbItrase
houses have been more liberal than at amy
time Of late, and the bulls are encouraged
by the fact that this is he surest sisn OF
returning confidence abroad. Bankers eeu-
orally incline 10 the opinion that The ex-
port movement has about run fits course,
unless the Bland bill becomes a law. in
which case the selling of foreign holdings
of oUr securities will result in renewed gold
shipments on an exten sive scale.
The weekly bank statement shows the
banks to have gained OVER 81. $4,000 IN law
full money and increased their loans a tri-
de over S2,5Oo.OOo. The proportion of in
crease is not shown in the deposits which
should have been more than five millions
Increase instead Of trife over four. The
increase in surplus brings that item up to
sl9.Oo0.ooo. The increase in loans is en-
couraging and shows that money is once
more beginning TO find its way back TO tht
legitimate channels of trade.
| The statement in detail is as follows: Re
serve. increased, S,T15.3J0; loans increased
81 SIC, 800: specie. increased. $50. 400: legals
Increased, s2155.100; deposits. increased
81 l99,0 ,00o and circulation, decreased. SIS. 900