Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-20
FINANCE AND TRADE
No Hostile Sugar Legislation is APP
pretended.
CHICAGO GAS STRONG, BUT NOT ACTIVE
The Changers Were All Moderately
Advanced.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, December M.-1Ieavy sell
ing of Sugar relieved the monotony Of an
otherwise featureless opening in stock
speculation this morning, and temporarily
increased the small volume of business.
The cause of the activity. as usual, was
the outcome of manipulation, the largest
purchases on the decline being made for
the accounts of inside interests. The con-
dition of the trade was conspicuously pa
radud as the motive for the decline, with
| it's customary effect. Washington advfces,
containing assurances that the sugar sched-
ule will not come up for consideration I'M
til after the holiday recess, stimulated
some buying by the room, which, added to
the purchases above mentioned, advanced
the price of the stock slightly III excess OF
| initial figures.
1t is believed that no serious effort will
| be made to legislate against the best in
terests Of this company during the present
session of Congress. The calling up of
the schedule after recess will serve only
for stock-jobbing purposes and Will be OF
temporary inconvenience only, as its de-
| feat is generally believed to be already as
sured.
Chicago Gas, the second feature of i'm
portance during the entire week, was de-
cidedly strong on limited trading. An i'm
bly, follow the declaration of the regular
dividend Further rumors Of consolidation
with the East River Gas Company sue
cessfully advanced the price of Consoli-
dated Gas 3 per cent beyond first figures
In the regular list the Changers were all
moderately improved, an average advance
of 1-2 per cent being recorded during the
morning. Realizing sales in Western Union,
the stock opening eX-dividend L IA per
cent, marked the price off 5-S per cent on
early trading, but later purchases restored
the full extent of the decline. Reading was
weak on fair volume of business, the
internal complications of the company be-
ing added to unpromiSing trade prospects
as an incentive to lower prices.
Over $5OO,OU gold withdrawn from the
subtreasury this morning was said to be
for export on Saturday. The full extent
of the outgo at the end of the week cannot
be estimated-about 100000 probably.
The serious aspect of the continued drain
on the country's gold supply is relieved to
small extent, in the opinion of bankers,
by the increase In interest rates. Time
loans are now extremely scarce under 1-2
per cent, and the interest account will re-
fleet narrow margin of profit from now
on. The outflow of gold will not be allowed
to proceed much further without active
remedial measu being applied, in which
the financial institutions of the country
Will work in complete harmony with the
federal treasury in its efforts to perpetuate
the nations credit abroad.
erately active at the best prices of the
day. Sugar sold up 2 1-2 per cent from the
low level of the morning, and Reading re-
nected 1 per cent gain, due to covering
and moderate buying for the long account.
The volume of business excepted, the re-
suit OF the days trading was very encour-
aging, fnal figures generally rejecting