Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-23
Higher Prices Throughout the Spec
ulative List.
DIVIDEND PAYERS TIE MOST FAVORED
Whisky Trust the Most Prominent
of the industrais.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, August z3.-Bui enthu-
siasm, coupled with the nervousness OF tie
pessin istic element. resulted In higher Prices
in all parts OF the speculative list this
morning. Trading throughout the day re-
Elected a strong rndertone and decided con-
fidence In the wisdom OF the bull position.
While the trading was well distributed,
there was q decided preference for the So
called high-prfce stocks, and assured divi-
dend payers. The Vanderbilt group was es-
pecially conspicuous for both the demand
and the extent Of gain, Lake Shore leading
the market at an advance Of per cent on
good llvestmenc and speculative buying.
princtpaify at the expense Of q large short
interest In that property. Delaware and
Hudson was also In good demand at an ad-
vance OF l-2 per cent.
The coal stocks developed considerable
strength. but Jersey Central attracted the
nost business and consequently scored the
greatest advance. selling up l-2 per cent
to ia 1-2.
Burlington was the favorite in the granger
group, adding 1 SIS per cent to initial le-
ures: Rock Island responded to the prevail
Ing sentiment by advancing 1 per cent, and
vance.
There were no new DEVELOPMENTS on
which to base the advance, confidence in
the signing Of the tariff bill and the EN-
oacy OF that measure being responsible for
slightly improved foreign market also con-
tr1outed to the buoyancy Of local opera
tons.
Distillers continues the most prominent
feature OF the Industrial list by reason of
the facilities offered for quick profits In both
accounts 1t was rumored today that the
omctals OF the company had been refused
accommodations by the Chicago banks, but
had raised q considerable sum in Cincin-
nao Tor the purpose of Withdrawing spirits
from bond. The stock shows indications OF
q determined effort to sustain the price,
but the best Informed predict only a tempo
rary bene1t from this forced effort. After
an early decline OF 1-2 point good buying
by the same houses which were consptc-
uous In yesterdays trading forced the price
up / per cent. and held 1t moderately arm
throughout the morning.
the Lead stocks Were In good demand al
an advance Of 1 per cent for the common
and IL per cent for the preferred
Sugar was only moderately active. gain
ing "a per cent on conservative buying
traders and brokers for the inside interests
The recent advance In this stock is re-
garded by those having the manipulation
In charge as being as extensive as pru-
dence and good management warrant The
real speculation cannot safely be inaueu-
rated until the tariff bill has been approved
ana Congress adjourns. Between the ad-
1ournment OF the present Congress and the
converting OF the next the huctua tons in
Sugar are likely to be many and various.
Inc market for foreign exchange was
slightly lower this morning on a rather
free offering Of bankers bills. The de-
mand from remitters is slight and tie sup
ply OF commercial bills limited
Tne last hours trading was less active
than the preceding hours but the tone OF
the market was unchanged. Prices were
nrmiy held near enough top figures to re-
nect creditable gains for the day The
sentiment Of the room favors further i'm.
patient purchaser who realizes the neces
sity OF temporary reactions. The closina
was strong and confident