Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-05
FINANCE AND TRADE
Few New Features in Stock Spec-
ulation.
PREDICTED FALL IN WHISKY TRUST
Changers Continue to Attract Most
Attention.
MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, September Misrepresentation
presented few new features this morning
and was confined almost exclusively to the
professional room element. London was
fractionally lower and did nothing of i'm
portance on this side. Yesterdays upward
movement In the coal stocks terminated
with the day and Is generally regarded as
having had no substantial basis The scar
city OF this class of stocks makes 1t possible
to mark up the price on moderate purchases
without the assistance Of newly discovered
merit. Careful estimates of the probable
profits to be derived from this years an
thractte coal business do not warrant fur
Their advances Ia this group.
The grangers continue to hold first no.
sition In railway speculation with the adj
vantage thus far about evenly divided be-
tween the two factions. Northwestern was
sold down Is per cent on moderate SELL
ing, easily traceable to prominent bear
sources. st. Paul and Burlington each de-
chned "a per cent on carly trading and are
still on the lists of the pessimistic following
VINO depend on the bad corn crop to facili-
tate the accumulation of profits on the
short side. The balance of the regular list
was steady with fair demand for the low
priced stocks. The roads in various stages
or reorganization find confident purchasers
en- all concessions.
Distillers was prominent In the DAYS trad.
Ing and verified recent predictions that ac-
tvity and depression would become synony-
nous when applicable to this stock Free
selling ana the unoovering Of stop orders
resulted In 1-2 per cent reduction in
price. Good judges Of the company's at
fairs predict that sooner or later two shares
OF the capital stock may be had for the
present price of one.
General Electric no1 rlv-
cent as the result of yesterdays adverse
decision In a suit brought to establish the
ownership OF valuable appliance known
as the Edison feeder.
Sugar was bid up In the early trading to
l0S 3-S. but reacted I per cent on selling
for both accounts Sentiment Is decidedly
mixed on this property, traders being hear
ish In spite Of IN apparent stock accumula-
ton by prominent houses. Indications ia
vor q gradual reduction of the interest 30
generally centered in this stock pending
the appearance Of manipulation from the
inside.
The market for sterling and continental
bills opened firm and fractionally above
yesterdays rates. The prevailing scarcity
Of all classes II bills is responsible for the
advance.
The afternoons final trading was dull at
fractional advances over previous low
prices. The delay in announcing the result
Of the meeting Of st. Paul's directors had
deterrent influence on the volume Of busi-
ness. The question Of dividends Is attracting
considerable attention as an incentive to
speculation. TIE bulls being favored by all
this weeks developments so far an
nounced. Rock Island will be next in turn
to consider this important question, but
opinions are divided on the result.
The pessimistic remarks Of the roads
chief executive on tie occasion OF a recent
interview lent some color to the argument
for a reduced rate. but ii is quite probable
that this road will prove no exception 20
the precedent afforded by roads dependent
on similar conditions for the bulk Of their
traffic. Final figures were irregular. but.
With the industrials excepted, changes were
only fractional