Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-29
FINANCE AND TRADE
Substantial Rise in the In
dustrials.
NO FORECLOSURE OF READING LIKELY
Plan of Reorganization Soon to Be
Published.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, May 29-Prices were a
shade better at the opening of today's stock
market and held we'll on the evening up
OF contracts over tomorrow's holiday. Lon
don also reflected fractional improvement
out added nothing to the volume of local
ouslLess. The railroad list presented few
noteworthy features owing to the lack of
interest In that branch of speculation
burlington was sold freely by Boston houses
On reported decrease in earnings but rail-
lied sharply for a gain of / per cent ON GOV
ering at the close of the noon hour
Inc published report of the can,nap,,,s
earnings shows decrease of s49l ,752 and an
increase in surplus, after deducting fixed
charges, or Sl3s,S37 Reading was marked
up per cent on good buying for long ac-
count. 1t is stated on good authority that
there VIII De no foreclosure and that a re-
ORGANIZATION plan will eventually be agreed
UPON. Inc committees representing the
various pondholders are now working in
harmony with the receivers and will soon he
IN position to announce a scheme for the
future development of this unfortunate COM
pany. WIN
Friends of the industriais gave exceuan,
support to their favorites and We're assisted
In their efforts by liberal patronage from
the room.
Chicago Gas gained 2 Ia per cent I'm veri-
inside and seems capable OF producing even
me re substantial proof of its intrinsic value
As previously stated, the recent buying of
THIS stock has been for strong Interests
who are perfectly familiar with the bust
ness in hand and who have an enviable rep
utation OF rarely stopping short OF their
destination.
Sugar gained 5-s per cent on purchases
Tor both accounts. There are undoubtedly
some severe squalls ahead for the sugar
schedule and the price of the stock will
ADJUST itself to every emergency, but there
Is nothing in the present situation to alarm
any but the weakened element Many
believers in higher prices for this stock
favor reaction from the present level
In order to Increase the discrepancy be-
tween the purchasing and the realizing
points.
The balance of the fndustrials were all
fractionally improved on moderate dealings
The market for foreign exchange opened
firm, on small volume of business There
is no noticeable Improvement I'm the supply
securities is small The demand for travel
ers' credits shows an increase for this sea-
son OF the year and If continued will piay
an important part in the narrow market for
foreign exchange.
More than 81. Zoo 600 gold has been engaged
for shipment on Thursday, and the amount
may be increased before the hour of sailing
Dizziness was the only conspicuous feature
OF the last hours trading, but prices did not
suffer from the neglect. In the regular list
fractional gains were recorded. while con-
tinued buy ing of the industrials prevented
any important reaction from best prices
The bulk Of the trading came from the pro-
fessional element and served to keep rrices
steady up to the close of business