Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-09
Industrials Again the Feature in
Speculation. ..
ADVICES BEARINH ON CHICAGO GAS
What Good Judges Predict Re-
garding Sugar.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star.
NEW YORK, September l7.-Professional
selling In both departments resulted I'm es-
tablishing a lower level Of values for a
majority Of the active stocks in today's
market Opening prices were generally
steady at Saturdays closing bids but lack
ed the support necessary to counteract the
pronounced reactionary sentiment of the
room. London opened lower. but rallied
slightly in advance of our market on later
trading. Foreign houses had no Important
orders for execution on this side. The short
interest has assumed such large proportions
that a covering movement is likely In the
near future. but until the speculative hori-
ION is eAteEded so TO include other than
the purely professional element prices cam
not reasonably be expected TO rule much
above the present level.
The industrials were again the features
Of the days business. but lest I'm value
what they gained in prominence.
Chicago Gas opened strong and sold I'D
1 per cent on good buying. but renewed
selling at the advance soon restored initial
figures. Western advices are uniformly
bearish on the property. but the low-priced
stock recently marketed is said TO have gone
into strong hands. The dividend for the
current quarter will probably be removed
from the list Of doubtful events on or be-
fore Thursday of this week. CONSIDERABLE
activity is promised prior TO the official an
nouncement Of the company's intention in
this particular
Sugar sold down IA per cent on liberal
selling for both accounts. Opening at lO.
ek,diyidend 3 per cent, the price was
quickly depressed under par Good Judges
OF the probable result of future manipula-
ton In this stock regard sales on rallies as
| the least hazardous.
sistent hammering by the interests identi-
ned with previous declines. A 21-2 per
cent reduction uncovered only moderate
resistance from the opposing faction. The
recent pessimistic predictions seem more
than likely to be verified in the near future.
National Lead common declined per
cent on fair volume of business In the
regular list Reading and Northwest were
the features. The former sold down on
orders from Philadelrhia growing out Of
the suit TO be entered by the Iehigh Valley
ior the recovery OF back rentals. On early
trading loss OF liz per cent was record
60. Northwest lost i is per cent on SELL
ing by the room on the theory that agrt.
cultural disappointments would make serf-
GUS inroads on the company's revenue
Inns penef Is not shared by many of the
more experienced operators.
The balance Of the railway list includ-
steady.
The market for foreign exchange opened
nrm, with rates fractionally higher than
those prevailing at the close Of last week
The scarcity OF bills and some covering by
bankers who sold long bills In anticipa ton
OF a break In price resulting from Increased
drawings against cotton shipments and the
| IKE are responsible for the frmer tone
The last hours trading was moderately
active and lower. a break in Sugar ana
Distillers during this period to the lowest
points OF the day being the most conspicu-
Gus incidents. Final figures reflected frac-
tional net losses.