Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-06-27
FINANCE AND TRADE
lrregularity the Feature Of Today's
Course of Prices.
SHARP RECOVERY IN COAL STOCKS
Various Rumors Among the An
thracite Men.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK, June 21-The course of
prices in today's market REFLECTS a decided
lack of unanimity the part of the pro-
fessional trading clement irregularty, at
tended by violent fluctuations, being con.
spicuous features of the days trading
London was fractionally lower, and had
10 important orders in the local market
Inc meeting of the anthracite sales
agents was responsible for a sharp recov-
cry In the coal shares indications poift-
ed to some radical action In the interest of
trade improvement. 1t was also rumored
that the presidents CT the several compel
ing lines We're again consulting in the in
terest OF harmony on all questions of ton
mage and apportionment. The improve,
ment in this group ot securities raised from
Ia to l-2 per cent, Reading and Jersey
Central attracting the bulk of the trading
The short vnterest contributed literally
to the advance. the prevailing opinion
prior to todays meeting was that nothing
would be accomplished. The more con-
sentative are inclined to adhere to this
view, notwithstanding the business attitude
of today'S meeting.
The meeting of the Trunk line presidents
IN the interest of advancing rates in al
parts of the country prompted cautious
trading in the securities of the properties
represented, pending official information as
to the result af the deliberations.
Wheeling securities We're strong on pros
poets OF a resumption of divi lends at the
rate of per cent per annum Oh the pre-
feried stock. Pennsylvania statement for
May, showing decided Improvement in
earnings, would have had beneficial eff
feet en- the general market had it been less
irregular under the domination of the room
element. Tennessee Coal and Iron broke
Sharply on the Cncovering of stop orders,
but rallied later on good buying ior both
accounts.
Chicago Gas sold down . L. per cent
from initial figures on the announcement
that motion would be ma de at tonight's
session. of council granting a charter to the
Citizens Gas Company.
This movement is the first evil result of
the retiring of the frontage bill, and will be
followed, no doubt, by similar efforts in
the near future. The present company cam
not be expected to derive much benefit
from its corporate privileges IL similar
privileges are to be allowed to all who Pc
| tition for them. irrespective of financial
standing al d business ability.
Sugar was the subject of a determined
and successful raid, which detracted 2 l-2
per cent from first prices. The selling Of
this stock, other than that which is part of
a professional drive, is based on the fact
that the market for raws shows a declin-
ing tendency.
large supply of the raw product which. at
the rates recently prevailing. reflected a
handsome profit, all of which has now been
destroyed. This depression is likely TO
prove but temporary, however. and the
property is not without strong friends who
are waiting for an opportune moment to
stay the decline and force sharp recovery.
The final trading was unchanged in char
acter, the continued weakness of ,Shicag
Gas being feature of the last hour