Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-28
Discussing the Meeting of the Coal
Line Presidents.
OPINION OF TEE STREET DIVIDED
New England Pool ManipuIators
Busy.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK. March 2s-The meeting of
the anthracite coal presidents in this city
this morning had tendency to restrict the
volume Of business, pending definite I'm.
formation as to the result of the days de.
literations. The opinion of the street was
divided on the subject. the bears arguing
that resolutions do not make markets,
while those having the negotiations in
charge expressed themselves as well
pleased with the progress thus far made in
the adjustment Of differences. The smaller
companies are disposed to assume trou-
blesome attitudes on the question of ton
mage. but it is believed that such matters
will be submitted to arbitration and any
reasonable concession made to perfect the
plan.
Readings demand for a trifle over q Der
cent of the tonnage is not likely to DO
conceded. however. although there is a
disposition to deal more literally with this
property than heretofore.
The advance in the coal stocks having
been attributed to the probable success Of
the plans now under consideration it is
a surface appearance Of being beneficial
will be taken.
The movement Of prices in this particular
group has been purely speculative. and 1t
is not unlikely that the much advertised
meeting today has already fulfilled its in
tended purpose.
Lackawanna was weak at a decline of
81 per cent, accomplished by the sale
OF few hundred shares of stock. Jersey
Central huctuated within a radius of IL
per cent from opening figures and Reading
was confined within the same narrow linn
its.
Lake Shore advanced 1 per cent during
the morning, but sold of suddenly to OPEN
ing figures without particular reason in
either case. The balance Of the railroad
list was firm. but void Of significant fea-
lures, except in New England, where pool
operators were again conspicuous to good
purpose.
Among the reports of earnings made dur
ing the day the following are not without
interest: Burlington for the month Of Feb
ruary expects decrease in surplus after
charges Of S,SG,O00. st. Paul reports an in
crease for the month OF $40, 7S6. and Jersey
Central net increase of $3S.122.
In the Industrial stocks General Electric
was in demand up to 80, gain OF per
cent. but subsequently yielded to moderate
selling for both accounts. Dist;llers was
advanced per cent, but did not hold well,
and Sugar was irregular. with the reaction
airy tendency the more pronounced.
The market for sterling and continental
bills was steady on small volume Of
Ii siness. Representatives of the bond syn
dictate were In the market offering bills at
slight concessions from yesterdays rates,
but posted rates did not reflect any change
in conditions.
1t was announced during the final hour
that while nothing tangible had been &C.
ccmplished at the meeting of the coal
presidents, that no friction had been en-
eountered, and that something beneficial
would eventually result. The coal stocks
were freely sold during the day, and it is
not believed that the short account alone
was represented. The closing was steady.
with prices fractionally improved for the
day.