Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-06
FINANCE AND TRADE
Spectators Disappointed at Sugars
Lack of Enthusiasm.
EFFECT OF THE SENATE VOTE
Volume of Business Unusually
Large,
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK, June 6.-Traders We're dis
appointed this morning at Sugars lack of
enthusiasm over yesterdays victory in the
Senate. The trading right at the opening
was sufficiently riotous and Improbable to
warrant the sudden relapse into a dignified
repose merely as protective measure
Ihen, too, the transpiring of a fore-oriain-
ed event is not fitting subject for lavish
demonstrations of approval especially when
there is another bridge TO cross. The tapes
hrst quotation for Sugar was los the Sec
ond, 1oi, with the announcement that more
than 10000 shares had changed hands be-
tween the two prices. The price was sub-
sequently marked up to los II at which
point renewed realizing forced il down to
40 L. a rally followed 10 l01 which so
thoroughly agreed with the program of the
manlpulators that 1t was permitted to re-
main practically unchanged during the
early forenoon
Inside interests are not willing to see the
price advanced for the present hun under
cover OF realizing sales elsewhere continued
to Increase their holdings The pronosed
schedule Is certain to meet with violent
outbursts OF disapproval in the House and
will furnish further motives for profta bile
trading in both accounts but when the
tariff bill becomes law 1t will undoubtedly
contain bull argument on this property
The volume of business was unusually
large, trading both WAYS being for large
amounts. At the directors meeting il was
decided to pay the regular dividend of 3
per cent on the common and ga per cent
on the preferred, but this announcement
had no effect on the price of the stock
In the balance of the industrials realiz-
ing sales resulting from the recent rise pre-
vented any material gains Bulls on Chi
cago Gas while not over-aggressive, are
confident OF reaping a handsome profit on
recent purchases.
In the railway LIST there ~
attract attention, trading being almost ex-
clusively conducted by the professional ele-
ment London bought few stocks, but
not In sufficient amounts to give character
to the local trading. The Changers were
all improved from IA to 1-2 per cent St
Paul being quite active at the latter adj
vance. Northern Pacific preferred drew on
the shorts for a rise of l Is per cent to
10 1-2 Prevailing sentiment is decidedly
against any material Improvement In this
property. Earnings published during the
day were not encouraging, but were passed
over as usual as being of little speculative
value.
Rock Islands report shows surplus after
dividends. Sos. IgS against Sol SCI in 1881,
and $54sOo0 in ls92.
The market for sterling exchange and con-
tinental bills is practically unchanged
around yesterdays rates. Gold has been
taken for shipment tomorrow in modera te
amounts and will be followed by upwards of
81, 10000 on Saturday
The general market was strong during
the last hour rumors of a new bull pool in
st. Paul attracting some good buying, which
resulted In sympathetic advance all along
the line. Distilers was bid I'D on covering
ard general belief that inside interests
Will soon begin a campaign in the interest
of improved prices.
Sugar was less active than earlier in the
day and made no noteworthy change in
price. Prices at the close were in the main
strong at fractional advances for the day.