Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-09
Sugar Was the Only Active Stock
in the Street.
A Loss OF Two POINTS RECORDED
High Prices in the Railway List
Expected.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.


NEW YORK, June 9-Today's short
session was not productive Of any, Inn
portsnt change in speculative senti-
ment or any material improvement in
values. London opened higher, but the in
significant character Of the buying on this
side for foreign account prevented a COR
responding advance The Changers sold of
from IA to 3-s per cent and were not par
ticularly active. Realizing sales through
out the list resulted In concessions at every
point of activity.
The settlement Of the coal strike is ex-
pected today and traders are hopeful of
hgher prices early next week In conse-
quence The continued improvement in the
price OF wheat is also factor favorable to
improved values, but recent breaches OF
faith on the part of this commodity have
maze traders skeptical of the permanency
or Its present position. The premium LIST
is still too large to warrant any important
reaction In the general market for the pres
ent.
Sugar was the one active feature Of the
day, and at the expense OF FORGETTING 2 per
cent of its market value. Opening at io1
the steady feeding out OF long stock soon
accomplished the above reduction and LEFT
mai ngures at the lowest point of the day.
The situation in Washington, for the pres
ent, at least, Is neither satisfactory nor de-
sirable, and for this reason ii is likely that
the price of the stock will be permitted ia
reflect In some measure its dependency
upon popular opinion. Recent prices are
very wisely considered too high in view OF
the incomplete legislation, and the doub,
concerning the length Of time necessary "a
give 1t the much desired element OF finaiity
Ultimate results are not doubtful, but the
present attitude of the larger interests Is
regarded as proof of their belief in lower
prices before the real and much-heralded
rise takes place.
Chicago Gas sold up / per cent on good
buying TO "a rs, but reacted at the close to
a on realizing sales. 1t is likely that the
pool fE this property will be successful IN
verifying their prediction Of carrying the
price up into the eighties before concluding
their campaign. There is an apparent lack
or aggressiveness on the part of those op-
ranto proceedings that augurs we'll for the
fruitlessness of those proceedings
The remainder of the industriais were
dull and fairly steady
The hank statement shows a loss OF
81 $4,000 in lawful money. all in legal ten
GERS. the major portion of which was with
Drawn TO obtain gold for export This loss
In legal tenders is Offset largely by receipts
OF specie from the interior movement
which the banks still retain. The banks
have put the entire burden of the gold ex-
port movement upon the treasury and are
earefui to Keep their own holdings intact
The increase in loans is uninportant and
is not fully reflected in the change in de-
posts.
The net result of the week has been to re-
duce the surplus reserve about 81 600 OG0
The statement in detail shows: Reserve de-
creased. H.0i6sJo: loans increased, s4lO.-
100: specie icreased. 81, 456. 900; legsls de-
creased, s2.slS.3O0; deposits decreas.6.
81 2ss 200. and circulation decreased, $50,
100. :.