Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-08
FINANCE AND TRADE
A Break of Several Points in
Sugar.
EFFECT OF COMPROMISE TARIFF BILL
Little Movement Among the Rail-
way Stocks.
GENERAL MARKET REPORTS

special Dispatch to The Evening Star
NEW YORK. May s-The character of
speculation was perhaps a trife more en-
ecuraelng tnis morning. but the volume OF
business showed no marked Improvement
Lonoon was dull and fractionaIly lower
Out as usual of late was not a factor I'm
the local trading.
Inc publication of the amended tariff
bill had little effect on prices except ,n ths
case of sugar, which was adversely intu-
enced by its provisions. The trading IN
this stock was on an extensive scale ana
the price was forced down 3 Ia Der cent
during the FIRST thirty minutes, many large
stop orders being uncovered in the process.
The stock fiuctuated wildly throughout the
morning. but was literally bought by brok-
ers. usually in the employ OF inside inter-
ests- The early weakness was attributed
70 the known hostility of the House Of
Representatives to the present compromise
Dill. which Is destined to undergo a severe
pruning at the hands OF the conference
committee Should the bill be unsatisfa
tory as protective measure, it is believed
lnat me combined votes OF the dissatisfied
members would be sufficient TO defeat it.
suga- men are stil confident OF the final
result, ana expect TO have 8 majority VI
their demands assented TO- or what is more
desirable, see the bill beaten
National Lead was not materially bene-
" NAiS new blu, Out nclQ up well
around 40. ana is credited with Intrinsic
merit at that price.
In the railroad list Introductory prices
We're slightly lower, but were uniformly
improved by later trading. Western roads
reported some slight increase in traffic
Out earnings do not reflect IL 70 any con-
siderable extent. The short interest Is an
important factor in the present market
and, as the borrowing demand is quite
active, rally at the expense Of the be-
lated bears is among the early abilities
Burlington, ST. Paul and New England
each gained 1-2 PEI cent. and were an
moderately active by comparison with the
remainder Of the list Professionalism vrss
decidedly pronounced throughout the entire
session. the room being practically un-
assisted In their efforts 10 make prices
commission houses anticipate no Important
movement in which the general public A.
interested until after the tariff discussion
is concluded.
The market for sterling and continental
bills was firm on a limited volume OF busI-
ness. Rates and conditions are practically
unchanged from yesterday. Foreign HOUSES
Will Nhip some additional gold by tomor-
rows steamers. probably in the neighbor-
hood of sl.000.O00.
The business OF the last hour was of the
same general character as that OF the early
trading. Prices were irregular. but gener-
ally fractionally above trust figures Sugar
continued to lead speculation and strength
ened up under buying from sources con-
spicuous earlier in the day on the opposite
side OF the market. A rumor 10 the effect
mat the attorney general of Illinois had
enJoined the trust from shipping its pro-
ducts into that state had no effect on the
stock. Final trading was dull and irregular.