Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-07
FINANCE AND TRADE
Belief in Early Settlement of the
Tariff Question.
EFFECT ON PRICES IN WALL STREET
Sugar Drops. but Rises to Opening
Price.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 7.-Prospects of an
early settlement of the tariff question re-
suited In modest diffusion of bull senti-
ment among the traders this morning, and
strong speculative undertone There were
no important additions to the volume of
business and conservative operators re-
garded the incentive as too trivial to war;
rant any extensive buying. London bought
few stocks. principally st. Paul, and was
practically the only outside influence in
harmony with the room element. The
Changers were all marked up on covering
and some buying for the recently organ
lied pool in these specialties Burlington
gained 3-4 per cent to 40 SIS, St Paul SIS
per cent to 81 L. and Rock Island IL per
cent to 90 1-2.
The balance of the railroad list was given
hover to duilness. but held well at small
fractional gains The high premium rate
prevents short selling in many instances
where all other conditions are favorable to
such sales. This statement is particularly
applicable to the bankrupt stocks.
The industrials were all active at i'm
proved values, the shorts again serving the
purpose of better argument in favor of
improvement. Sugar sustained its reputa-
ticn for cheerful irresponsibility by selling
down / IL per cent - lu5 IL, Just when
the strength elsewhere was lnost pro-
rounced. 1t soon rallied to opening figures,
however, and held well within L. point of
that price. AS previously intimated, IL is
generally understood by those familiar with
the American Sugar Refneries' affairs that
the important inside inter ests are opposed
to any large rise in the stock at present
realizing very prudently that psl6ing final
disposition of the tariff bill IL is not wise
to bring the property too prominently be-
fore the public. This, of course, is a de-
terrent influence to money traders who
har ha OFT mn ha bon .xrs H.
powerful manipulation so frequent from the
inside. 1t is believed that the members of
the proposed conference committee viii be
selecte with some regard for their attitude
toward the administration, and will be i'm
pressAd with the Importance OF immediate
actic1. Such a committee would carcely
work any hardship to the sugar interests.
General Electric was conspicuous fea-
ture of the days trading, being actively
dealt in at an advance Of L. per cent.
due, principally, to covering. Chicago Gas
opened strong and moved up 1 per cent on
further buying for pool account.
A substantial profit awaits the patient
operator in this property IL present argu-
ments are as well founded as they seem to
be- Distillers has been added to the list Of
hull specialties, and predictions of higher
prices come from a variety of sources To-
days efforts in that direction resulted in a
gain of lis per cent to pa
Only half million gold has been taken
for shipment by Saturdays steamers. and IL
~ NOT hhely that tne amount VIII be mater
tally increased between now and the date
OF sailing. The weeks total shipments will
fall below the average of The last few
weeks. The foreign exchange market pre-
sents no new features. the limited demand
about ohsetting the small supply of bills
Prices shaded off slightly during the la
hour. hut did not surrender all Of the early
gains. Realizing sales were responsible for
the substitution Of smaller fractions and
did not change the character of the market
IN
buying by the room Dizziness overshad-
owed all else and heightened the professional
character of speculation. Prices at the
close reflected net gains for the day.