Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-02-13
FINANCE AND TRADE.
Sugar Trust Stockholders Meeting
Tomorrow.
INTEREST IN THE ANNUAL REPORT
Prices in Wall Street a Tnfle
improved.
GENERAL MARKET REPORTS.

Special Dispatch to The Evening Star.
NEW YORK, Feb. 13.-Prospects Of a tax
on sugar. q slight improvement In the price
of wheat and the withdrawal of all opposi-
ton to the Reading reorganization scheme
were the ruling factors in today's trading.
Prices generally were improved by a mod
crate infusion of bullish sentiment. but
traders alone were responsible for the ad-
vance. The market shows no signs OF
broadening and professionalism is as pro-
nounced today as it was during the early
debates on the tariff question. The bull
pool. said to have been quietly at work in
making higher figures for sugar certificates.
is said to have been organized for the pur-
pose OF creating market for certain
friends Of that property to sell out on
rather than to take advantage of any OF
the slight changes in the tariff schedule.
Washington advices of the more conserva-
tive class do not consider the trusts chances
of securing any material alterations in its
favor SO good as formerly, an several men,
bers of the subcommittee are of the opinion
that they have already sufficient revenue
from other sources.
The adjourned meeting OF stockholders
called for tomorrow will probably again
adjourn for want of a quorum, and the re-
port OF the company's earnings will con-
tinue a mystery to all but the officials. now
SO carefully guarding IT from public gaze
and comment
A report from the west that notices lost
ed on the pay car of the Chicago. Burling-
ton and Quincy railroad announcing that
operatives would be paid on the llth in
slant had suddenly been torn down led to
some wild rumors concerning that prop
erty. Boston advices gave the assurance
necessary to prevent any slump in price by
announcing that the company had more
than enough money on deposit in that city
to meet these payments. and while not at
tempting to explain the withdrawal of
the notices further treated the matter as
Insignificant. The directors OF this road
meet next week to take action on the diyi-
dend due next month. The question now
is whether the old rate of Ia per cent
will be continued or the stock marked down
to a I per cent basis.
A selling movement in National Cordage.
in which traders took the upper hand drop
ped the price of that stock on per cent
to Ii 3-4. The weakr ess in the preferred
was even more pronounced. but no special
reason was assigned Tor the break. The
securities of the Reading Company were
all strong at slight advances, the stock
selling up to 90 Is en- considerable good
buying by Philadelphia houses.
The market for sterling is very frm. with
rates fully IA per cent higher than those of
yesterday. The strength is attributable TO
an increased inquiry from remitters and
the continued scarcity OF commercial bills.
Money on call ruled at l per cent and
time loans vary from 1-2 to l-2 per cent.
according to the length Of time desired and
the character Of collaterals. The clearing
024. 239; balances. 4.i70.052. and the SUBJ
treasury's debit balance. Ss,s3, 059.
The market rallied during closing hour.
and in a majority of instances fractional
net gains were recorded.
The closing was dull and without inter-
esting feature.