The Washington times., 1894-04-14
Parker, Bridq0f z Co.,
3i5 Seventh ST. N. w.
SUGAR LEADS THE MARKET.
1t Rose 2 3-4 on Heavy Purchases for In
side Interests.


NEW YORK, April I3-When to-morrow's Eu-
ropean steamers shall have sailed some $1,000
0OO in gold shall have been shipped during the
week, of which all but s.JO,OOO from Boston is
exported from this city. The subtreasury sup
Piled 81 10000 of the amount shipped from here,
the banks furnishing the rest. These shipments
are made by reason of the fact that bills of ex-
change are scarce and gold S sent forward 10
meet the requirements of remitters.
The export movement had a slightly depress-
ing influence on the stock market during the
earlier part of the day, but at no time caused
any great pressure TO sell, and in the later deal
lngs was not factor i'll the speculation, which
was very strong during the last hour of business.
IL is not expected that gold exports Will reach
serious proportions: the condition of the ex-
change market does not warrant it, the margin
Of profit being very slight, and besides the Lon
don gold reserve is at the high point and the Con-
tinent is not offering special Inducements for the
yellow metal
Therefore neither in speculative nor in other
financial or business circles is the weeks outflow
of gold regarded with apprehension.
The share market opened firm and made n
fractional ADVANCE but from lack of buyers
prices sacged of slightly. the heaviness being
increased somewhat by the reported specie en-
gagements, which encouraged bears to Il demon
s;ration against values. Efforts to inaururate a
downward movement met with little success,
the speculation becoming stagnant, and with
the exception OF American Tobacco and some
few other OF the specialties no changes of i'm
rortancc took place until shortly before the be-
ginning of the last hour of business About that
time good buyers came into the market, to
whose purchases prices quickly responded, and
the appreciation in values continued to the
close, the final dealings being decidedly strong
in tone The late advance was in the nature of
a little surprise on the part of the bulls TO the
bear party, which had tried the temper of spec
ulation during the nrst half of the day and had
failed TO weaken appreciably the confidence of
holders of stocks
The strong undertone exhibited by the general
list under unfaVorable circumstances induced
the longs 10 give the shorts little squeeze, and
considerable covering done in the late
trading.
Compared with yesterdays final figures, the
closing prices OF to-day are irregular American
Tobacco was erratic in movement After an
early advance of !, it broke 3 per cent, recov-
cred 2i6, reacted IL. rallied IL, and closed Il
lower ON a decline OF Il for the day. Sugar. on
heavy purchase for inside interests, rose 23t,
closing nj the highest point touched. Delaware
and Hudson made gain Of ~ and Pullman 15s.
New York, Chicago, and st Louis show n loss Of
l@s aud National Linseed per cent The other
changes are fractional, the greatest being an
aGvanr- oi = in At rhison, which was bought in
round lots ipr the Boston account
The bond market was fairly firm up TO noon,
and then became easier, but rallied with the
share market in the late dealings, and closed
firm.