Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-04
FINANCE AND TRADE
A Change of Sentiment in Wall
Street.
PRICES OF THE CHANGERS DEPRESSED
Purchasing on Reactions Generally
Favored.
MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, September l2-Early trad
irg in today's stock market reflected con-
siderable diversity of opinion among the
professional element. Mature consideration
disclosed many disappointing items I'm the
crop report and the Changers were freely
sold in consequence. On the decline MANY
Of the larger operators were conspicuous
purchasers against short sales made several
days ago. London was dull and slightly be-
low our closing. contributing nothing to the
days business. Outside of the roads I'm the
corn districts prices were well sustained.
but attracted little speculation. The senti-
ment of the room. while mixed on the gen.
eral situation. favors discriminating pur-
chases on all reactions. The bulls are most
favored by existing speculative conditions,
but are, apparently, not anxious to force ac-
tivity.
The scarcity OF stocks and the absence of
any desire on the part of long holders TO
sell make ME bears cautions. The result
is that many of the narrow fluctuations re-
corded from day to day lack significance
end defy analysis.
The report of the Western Unions earn
lngs fof the last quarter shows practically
70 change in the surplus. The company's
officials are confident of future profits and
Tie continuation Of dividends at the present
rate
Louisville and Nashville reports an in
crease OF $500 in earnings for the first
week this month. and Norfolk and Western
an increase for the same period of S51,Ill.
OFFICIALS Of the former road refuse TO dis
enss the probability Of a resumption of
dividends.
New England attracted some good buying
on assurances that the REORGANIZATION
scheme would prove successful The fnsl
assessment on the stock Is payable Sep
tember "a
Sugar was the active feature of the day.
the initial trading being characterized by
heavy sales Of stock. On transactions in
volving ,aW shares the price was depressed
81 per cent to 104. and subsequently,, on
further liberal selling. declined 70 l0S IS
From the latter point a scattered buying
movement marked the price to lbs 1-2
The differences OF opinion manifested at
yesterdays meeting of directors as 10 the
policy to be pursued in the future are likely
to postpone any important movement in the
stock until harmony is restored. The COM
rany is now acting under the new tariff
schedule. and will likely make unfavorable
comparisons with past statements Of earn
lngs The next protracted movement in
this stock Will be process OF subtraction.
An attack on Distillers made after the
noon hour, resulted in I per cent decline
from opening figures. Chicago Gas gained
OF the industrials held well on a limited
volume Of business
The market for sterling exchange was
fractionally higher this morning. as the
result of an increased demand from re-
mitters and a general scarcity of all class
es of bills. Continental exchange was a
tribe below yesterdays rates. owing to a
reduced demand.
The last hours market was void Of fea-
ture. The professional element were re-
ness. Prices at the close were Irregular
around first figures.