Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-15
A@A0 asN-. sOhR
Washington. Adviees sSti&sn Prices
i'm Wall Street ssaas7
,,ses.e .s..lA~ 20 OsIssn
SUGAR men CONFIDENT Of iHE { FUTURE EjjlI
Fears Of Special Tariff Legislation
- 80 -.
Allayed. -
GENERAL MARKET REPORTS
Special Di.rateh % The Evening star

Special Dispatch % The Evening Star r'--
NEW YORK, August l5.--Londan prices
came lower this morning and the adjust
nIent on this SIDE resulted In a depression
of values varying from Is to 80 per cent
There was less activity than yesterday
but the sentiment OF the street is bullish
and the room is long Of stocks The short
interest in railway shares has been ex-
Eausted and there rs no pronounced desire
on the part Of the professional element to
organize new campaign on the short
side. Conditions are gradually assuming
an aspect favorable 20 the bull purpose
and predictions of higher prices are freely
circulated. Commission houses are again
IN the market and advise purchases on
all concessions. With The return of out Of
town operators many schemes now in
embryo will be put in active operation In
the interest Of improved values ana in
creased activity.
Washington advices were more encourae-
ing than yesterday and went a long way
toward allaying all fears OF interference
from special bills 10 defeat the provisions OF
the measure now awaiting the PRESIDENT al
autograph. The buying Of sugar by the
brokers usually acting Tor inside Interests
was taken as indicating the receipt of ad-
vance assurances that the ordeal for the
refining interests had been successfully
passed.
Opening at IA per cent advance. the price
was marked up on moderate purchases TO
los IL, from which point il declined / Der
cent TO the opening figures. and was worked
back during the afternoon 10 the highest
point Of the day.
Renewed selling of Distillers resulted IN
a decline of 5-s per cent, and National
Lead lost Ia per cent ON realizing sales
The trading in the regular list as was
the case yesterday, was well distributed
and generally firm in tone Burlington and
ST. Paul were the most active. and gained
81 and 5-s per cent respectively. Divi-
dend-paying stocks were in good demand
for investment account. and all classes of
reliable bond issues find ready purchasers
Bankers report better demand for
money, as the result of the more encour-
aging outlook for a general revival of bust
ness. Rates have advanced fractionally
for time loans, but money is still obtain
able for use during the balance Of the year
at a shade under per cent.
The recent rapid decline in the rates for
foreign exchange gave way this morning
10 moderately firmer tone. There was
also slight falling off in the receipts OF
all classes Of commercial bills. but no in
creased inquiry was reported. In anticipa-
ton OF a more active money market sterling
rates will have a tendency 90 work to-
ward a lower level.
The last hours trading was irregular and
prices generally lower In some Instances
final losses were fractionally in excess of
earlier gains. There was no important
news, the decline being attributed 10 real
king sales by the profes sional element
The advance In sugar brought out some
long holdings and gave color TO the theory
that for purposes Of their own inside in
terests are not willing 10 have the price
of the stock too suddenly advanced The
net result of the days trading was 10 pro-
duce fractional changes on either side OF
initial figures. $500. 80 So