Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-16
FINANCE AND TRADE
A General Improvement in Railroad
Stocks.
EFFECT OF TIE STRIKES COLLAPSE
An Advance is Looked for II
Sugar.
GENERAL MARKET REPORTS
Special Dispatch 10 The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, July l6.-The opening Of
today's stock market reflected an improve
ment In values ranging from la 10 l-2 per
cent. and a general tendency toward a
higher level The settlement of the Indus
trial revolt In the west has cleared the
speculative atmosphere and stimulated
trading on the part OF the Investment pub
lie. The bond market furnishes the best
evidence of the recent change In sentiment
by the increased business OF the last few
days and general demand for all classes
Brokers were bidding from 1 to 3 per cent
r1ore for bonds today than the average
price OF sales made less than three weeks
ago. London took liberal part of the
days offerings OF bonts. and bought mod
erately of the favorite International stocks.
sentiment everywhere has taken a more
hopeful turn. and barring the happening
OF the Unforeseen will soon be reflected In
higher prices throughout the list The
volume Of business. while not large. was
well distributed, the industrials, as usual.
attracting the most attention.
In the railroad list the strength Of the
market was largely due to the covering OF
short contracts. Burlington gaining 1 IA
per cent from this cause. while fractional
gains were recorded in the other granger
roads. Lackawanna gained 2 IA per cent
on good buyirg for both accounts. and
Richmond Terminal sold up TO IL on con-
siderable ACTIVITY
The situation in sugar is again sufficient
iy clear to warrant an advance IN price,
ard brokers for the larger inside interests
were conspicuous buyers on the 1-2 per
cent rise recorded in the first half Of the
session. The refining interests are salts
lied with the present legislative outlook,
and higher prices for the stock OF the lead
Ing representative of these interests are
expected In the very near future. Untl
some public announcement of the commit
| tees action on the Senate schedule is made
no advance beyond the unavoidable one in
| cident to stock accumulation is likely. but
all recent records will be eclipsed.
Chicago Gas was barely steady around
| opening figures. quotations being confined
| within a radius of IL point either way.
Distillers lost l 1-2 per cent on renewed sell
| ing. considerable long stock coming out on
! the decline. While not finally determined.
| IL is believed that reduction In the tax
| rate on imported spirits Is certain.
The market for foreign exchange opened
| steady a small volume Of business Ba nix
ers were willing IN many instances ID make
! slight concessions in short time bills and
4 cable transfers. Rates are expected to de-
| cline within the next few days and a grad
ual falling of in the amount OF gold ex-
ports will naturally follow. The gold move
ment will not cease entirely. however, until
rates are permanently depressed below the
exporting point.
| Realizing sales in the in iustrials resulted
| in a shading OF in prices during the last
| hour. but he scrtimCnt Of the room con-
| given over 10 dullness during this period
| but held wei around the best prices of the
| day. The days trading resulted in frac-
| tional net gains.