Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-06
A Better Feeling in London for
American Stocks.
DETERMINED ATTACK ON CHICAGO GAS
Street Sentiment on Sugar Con-
tinues Beansh.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. September 14.-There are
few signs OF relief In the present monoto-
| rous speculative situation, and professional
ism is still triumphant. Narrow and unrea-
sonable fluctuations are products Of the pre-
vailing dilatory policy. London cables re-
fiected a better feeling for Americans and
recorded advances varying from Ia to SIS
per cent. Foreign houses were expected to
stimulate activity by liberal purchases OF
the favorite International issues, but were
easily satisfied during the first thirty min
utes. The market again reverting TO the
room element. was left TO its own devices
and approached dangerously near the stag
nation point.
The result was averted by a determined
attack on Chicago Gas. led by prominent
bear operators. moderately assisted by the
paper that the company would be forced to
reduce present rates for supplying gas TO
the city. and that such action would in
volve all rival companies In an Improbable
rate war. was the impetus behind the move
ment But little resistance was disclosed
until reduction of Ia per cent had been
recorded
Conspicuous among the sellers were houses
recently Identified with the advance.
Sugar was dull, as compared with average
dealings. but held well at fractional ad-
vances over opening figures. The sentiment
Of .tns street continues bearish on this
gradually reduced on all declines.
Dfstiilers improved fractionaliy during
the morning covering. but attracted
only limited amount of trading. The
stock Is being absorbed again by strong in
terests. and shorts are covering In The hope
OF putting out new lines at higher prices.
Northern Pacific preferred was the feat
ure Of the railroad list, selling down per
cent on local room trading. The Changers
were barely steady on a small W lume Of
business. The conditions in the ives, will
be utilized to better purpose when the pres
ent artificial support is withdraw from
this group of stocks.
There is considerable long stock % be
marketed before any decline will be per-
mitted. Reading shaded on tractionally
and the balance of the coal stocks while
steady, are less in demand. Statistics don't
go for much in such a market the pres
ent one is. otherwise the anthracite coal
carriers would be quoted several points
under present rates.
The market for foreign exchange Is dull
at unchanged quotations. The scarcity of
bills is In scue Measure offset by the de-
creased demand from remitters.
The payment Of customs duties during the
week will result In reducing the bank re-
serve nearly s.. 10000 i'm tomorrow's state
ment of averages. Bankers are again dis
appointed with the currency shipments to
interior points. The southern banks have
been the largest drawers OF funds from this
center, which will show a loss of over a
half million. after allowances made for the
influx from eastern points.
The lowest prices OF the day for active
stocks were recorded during the last hour
General conditions and the volume of bust
ness were UNCHANGED