Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-01-25
FINANCE AND TRADE.
No New Features in Today's Specu-
lation.
AWAITING ACTION ON THE TARIFF.
No Movement Likely Until Some
thing is Settled.
GENERAL MARKET REPORTS.
,ecial Dispatch 10 The evening Star.

Special Dispatch 10 The Evening Star.
NEW YORK, Jan. 25.-The opening Of
today's stock market. was steady, in the
neighborhood Of closing prices. London
sold some stocks at the opening, but the
market took them all without any conces-
sions in values. The general character of
speculation presented mo new phases and
continues almost without feature. Fluc-
tuations in most cases were limited to IL
per cent either way from last nights clos
ing prices. The recognized narrowness
keeps all but the most. daring and venture
some operators on the song side of the mar
ket, as the short interest in some of the
specialties is known to have been largely
increased during the week. While the ma
jority of the professional element predict
higher prices in the near future, the senti-
ment for the present is somewhat mixed.
owing to the conflicting tenor of Washing
ton advices. Until definite action on the
tariff bill is taken a dull, sagging market
will probably result, bst no decided move
ment either way is anticipated pending the
discussion on this subject
The belief in the probable defeat of the
Dill In Its present shaI,e is gaining ground
daily and some are disposed to consider it's
recommitment among the probabilities
Sugar Is again down to normal condition
and inside interests show no sign of ap-
prehension over adverse legislation, believ-
ing that the present schedule will be de-
feated in the Senate OF that a uniform tax
applicable to both raw and refined viii be
added. Considerable long stock has been
marketed within the last three days how
ever, and indicate some doubt as to the
company's ability to continue present divi-
dends should the threatened schedule be-
come a law. The price advanced during the
morning "a per cent to IS IA. and was
fairly steady within a; half point of that
price.
st. Paul advanced Is per cent 10 90 3-s.
and was strong on go3d buying for inter
ests recently arrayed on the bull side of
this speciality.
Burlington gained SIS per cent to II rs
Northwest lost 1-2 per cent to lo4. New
York Central gained % per cent to lOl
and Louisville and Nashville gained So per
cent to IS Is. Western Union was only
moderately active. and gained l-2 per cent
to IS Is In early trading. but sold of 1
per cent later in the Gay on renewed SELL
ing by the bear party. Lower prices for
this stock are, from bear standpoint, in
evitable.
The industrials were unusually dull and
no important changes were recorded. The
recently organized pool in National Lead
have ceased operations for the present. fear
ing that the lead schedule may be remodel
ed after the sugsr pattern. Chesapeake and
increased $6.502, Mexican Central same
period. increased SOS. 56S and Canadian Pa
cific decreased s11,OOc.
The market for sterling was steady and
continental bills weak. The weak hess of
the latter is attributed to the advance in
sterling on the continent which makes it
more profitable to chip sterling to London
and draw on the continent against these
shipments. Foreign bankers predict a fur
ther advance in sterling unless Berlin re-
leases some gold in the near future.
St Paurs net earnings for December
show a decrease Of $4,000. Leaders sold
the stock down per cent on this an
nouncement and the entire market weak
ened in sympathy. The lowest prices Of the
day were recorded during the last hour and
the market closed irregular, but generally
fractinnallY below the npeuiuR