Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-04-18
FINANCE AND TRADE
"Industrials" in Demand and Scored
Gains.
SPECTATORS WATCHING THE SENATE
Chicago Gas Prominent in the
"Street."
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. April 1s.-Today's market
opened irregular around closing figures.
The industrials were all in demand and
scored substantial gains. The grangers
were marked up by traders on reported
improvement in earnings. The volume OF
business was more evenly distributed than
yesterday, and professionalism trif1e less
pronounced The Senate's attitude is be-
ing construed into an effectual bull argu-
ment for the group of stocks to which
the tariff bill applies. and traders continue
confident of handsome profits on the long
side of these securities.
Chicago Gas was again a pronounced
feature of the days trading and gained
/ 1-2 per cent over initial figures. The
doubt as to the nature of the Attorney
Generals decision stimulates trading in
this property, and both buyers and sellers
are equally confident of their positions.
large short interest has been created
and Will prove a valuable auxiliary to the
bulls should the decision be favorable to
the company.
Sugar is in favor with traders and gained
1 1-2 per cent on good buying. All advices
from Washington predict a bitter fight over
the sugar schedule before II becomes a law.
but there is also considerable unanimity of
belief in an assured victory for the trust.
On this latter point there can be but little
doubt. but the intervening fluctuations are
beyond the pale of acurcate prediction.
Sugar will in all probability prove a friend
to both classes Of traders. but the largest
profit will accrue to the conservative opera
tor on the long side.
Distillers was marked up on reported ia
vorable showing In its annual report, but
insiders had the market all to themselves
With the majority of traders this stock has
lost caste by reason of the recent manipu-
lation, and they refrain from taking risks
on any basis Of intrinsic value
burlington gained u per cent St Paul !.
per cent and Missouri Pacific ! per cent on
an increased demand from traders the ma
jority of whom desired the stock to cover
short sales. New York Central became
active shortly after noon at the expense of
value, losing q per cent from opening fig
ures. The stock sold on the decline was said
to come In part from investors who were
anxious to transfer their investment
The market for foreign exchange is daily
growing easier and proba bilities in favor
of gold exports decreasing. The steady
demand for bonds from London has brought
into the market a fair supply of bills avn
against the purchasers of q. sse securities
The demand from remitters is also falling
off slightly. None of the prominent gold
exporting houses have engaged any gold
SO far this week and many nave announced
that they have no reason to believe that
such a step will be found necessary. The
market is too sensitive. however. 20 rely
on daily appearances, as any change of
sentiment in the London mark ct or an in
creased demand at home would send rates
up to the shipping point.
The last hours trading was dull and
prices developed a dropping tendency. which
was most pronounced in the case of Lake
Shore There was no special news the de-
cline being the natural consequence of re-
alizing on early purchases. The closing was
dull at fractional net gains.