Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-25
FINANCE AND TRADE
Sugar Falls Below Par and is
Eagerly Bought.
WASHINGTON AIVICES ENCOURAGING
Improved Feeling Throughout the
Street.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, May 25.-There were evil
oences OF a lack of harmony among the
several leaders of speculation this morning
ana the market consumed the better part of
the hrst hour in getting its bearings. Ini-
tlal ngures were generally higher than yes
terdays closing, in sympathy with better
prices In London. Sugar became conspic-
uous right after the opening by sudden
and unexpected decline of l 81 per cent to
9S IL. These figures precipitated a gem
eral demand for the stock, which, when sat
isiied. had added 3 3-4 per cent to the price
of the first purchase
Washington advices continue to supply
the necessary incentive TO higher prices but
the interests Of insiders demand that il be
kept within easy reach Of par A working
margin OF D per cent on either side of the
above price would be entirely consistent
with the present plan OF procedure
Chicago Gas was strong and weak by
! turns, gaining rs per cent on early trad
ing, and losing / 3-s during the afternoon
on the marketing of 5000 shares. These
erratic actions have not shaken the conf
dence of the believers in the long side of
this stock, and are regarded as a part Of
the pool manipula ton, for the purpose Of
accommodating some cheap stock. The
source through which the next dividend
will be distributed is open to considera bic
doubt, but that it will be paid to the stock
holders is unquestioned. This latter fact
deprives the first of most Of its speculative
significance Next weeks chancery pro-
ceedings Will be watched with considera BILE
interest, as the price Of the stock Will
promptly adjust itself to the nature of the
decision.
In the railroad list prices were improved
from l-2 to l l-2 per cent on considerable
activity. The Changers were marked up on
the covering Of a long line of stock by "A
prominent operator whose pessimistic views
are periodically turned to good account by
the bulls. St Paul gained Ii per cent.
Burlington, Ia; Rock Island l. and Mis-
souri, Pacific, 81. New York Central i'm
proved l per cent On the covering of yes
terday's sales.
The aggressiveness of the bulls was most
pronounced just before delivery hour, when
prices were bid up sharply and the shorts
forced to cover at top figures. Owing "a
the easier rates for foreign exchange, the
efriuX of gold by tomorrow's steamers will
be less than 80 per cent of the original es-
Inmates, only 81 .0JOO'D being engaged up
to late hour this afternoon.
The currency movement from the interior
has been without special feature this week
the gain TO the banks being estimated at
100000.
The weeks gold shipments amounting
to something over 100000 VIII be charg-
ed against the banks in tomorrow state
ment. Subtreasury operations have re-
suited in a loss Of $4,000 20 the bank :
/ instead of a gain. has previously been
the case of late. The reason for this de-
cline is ascribed TO a falling off in the pay
ment of pension checks.
Prices shaded of slightly during the last
half hour, but closed steady at net gains
for the day.