Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-04-17
FINANCE AND TRADE
Chicago Gas the Conspicuous Stock
in the Street.
IMPORTANCE OF LEGAL PROCEEDINGS
Sugar Trust Second in SpecuIa.
tive Activity.
GENERAL MARKET REPORTS


Special Dispatch TO The Evening Star.
NEW YORK, April 1.-THE importanc.
attached TO the long-delayed decision IN
the quo warranto proceedings against Chi
cago Gas has been SO magnified as to SUD-
press activity in the regular list Trsderx
are confident OF some radical change In
price as the result of the Attorney Gen.
erals action in the matter and today's
trading indicates a wide difference OF opiu-
ion as TO the direction the movement will
take. As the effect OF the movement viii
only be temporary the unwarranted i'm
portance attached TO it can be explained
only in the theory that there are practical
ly no important news items to discuss Tue
general narrowness Of speculation has q
tendency to helghten the effect of the GUS
tomary board room gossip. but with the ex-
ception of the above Instance the market
is not easily Influenced
lmmedia tely after the opening the activity
In Chicago Gas marked IL as the feature OF
the day. On early trading the price WAS
depressed 1 per cent, but subsequently raj
lied for gain OF per cent TO 90 rs The
announcement made during the afternoon
that no decision would be handed down to-
day served to Keep the price OF the stock
firm trifie above opening figures.
Sugar was second IN Importance epd
gained 1 Ter cent over opening figures but
shaded OF slightly during the afternoon
Renewed activity in this stock is expected
on the resumption Of the tariff debate in the
Senate. The sentiment continues bulhsh,
but would-be purchasers are holding on m
anticipation OF a slight reaction.
General Electric gained ] per cent TO q
on moderate dealings.
In the regular list the most important
change In price was recorded IN the nuc-
tuations Of Union Pacific. resulting IN n
loss Of Is per cent from opening figure.
The grangers were steady within narrow
limits. St Paul being quite active without
materially affecting the price Delaware
cent. The demand for ILis stock has tenn
porarily -sllen on, owing to the doubt COM
corning the action OF the stockholders I'm
the matter Of the new stock issue
The purchase Of bonds and stocks FOE
European account has brought a liberal sup
ply of bills into the exchange market. but
rates continue firm. the injury from ne
mitters being sufficient to offset the better
supply of bills. The rate of private discount
In London shows a declining tendency ana
bankers incline to the belief that no rold
will be shipped by Saturdays Steamers nm
less London houses come into our market as
sellers.
Paris offers superior inducements ss n
consigning point for gold shipments, but IL
Is quite probable that London will s,,pplv
all demands from that center and lea We our
gold balances intact The last hours trad
ing was dull and uneventful
The price of distillers was held up ON
the announcement of a I per cent ADVANCE
in the price of distilled spirits
Stocks IN the railroad list hung idrv
around opening figures. while the indus
trials were all strong at slight gains The
investment demand for all the better class
Of securities. both stocks and bonds shows
no signs Of abating. and specialists find
ready market for their holdings Final
figures were steady, with no significant
changes.