Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-22
Effect Of the Report to the Senate
on he,aPoe q Bill.
FRACTIONAL GAINS In VALUES FOLLOW
Disappointing F e4tures of the Sit
3atien.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, January 22.--The covering
Of yesterdays short sales and the absence
of further liquidation in Sugar gave a
moderately steady tone to the opening OF
today's stock market. The volume of
business was unchanged, traders being In
undisputed control or fluctuations. The
dilatory policy of the early morning was
the result of cautious operations based on
the probable result of the committees re-
port on the pooling bill. The reporting of
this measure substantially as 1t came from
the House, and consequently in the form
most desired by friends of the measure,
had no effect on prices worthy of notice.
Fractional gains over previous low figures.
varying from IA to 3-S per cent, followed
the announcement of the committees &C
ton, but considering the Importance at
tached to the bill as a speculative factor
the result was a disappointment. The
markets disregard for the judicial tri-
umph on the part of the Sugar company
yesterday and today's indifference to the
fate OF measure framed In the interest
OF increased revenues for railroads whose
earnings attest tho necessity of some such
remedial effort, is, to say the least, dis
couraging to the believers in higher prices.
The bill will meet with a strong OPPOSE
ton on the floor of the Senate during the
progress of the debate, and strong efforts
will be made to amend it, and in the event
of success in the latter efforts it is doubt
full If the present Congress Will have the
time necessary to dispose of the matter.
From this standpoint alone can today 5
urresponsive attitude be satisfactorily eX-
planned 1t Is useless at. this time to dis
cusS tha probable outcome of such debate.
Sales of Jersey Central during the carly
trading forced the price down 1 per cent,
but buying later in the day resulted i'll a
gain of IL point in excess of the early
loss. Manhattan advanced IL per cent on
moderate purchases and elsewhere through
out the railway list changes were insigniti-
cant.
Sugar was in good demand around the
opening, advancing 5-S per cent to 30 Is.
but yielded TO selling during the afternoon
for a loss of l per cent. Washington ad-
vices on subjects of interest to this prop
erty are still toe indefinite to warrant ex-
tensive operations in either account.
Chicago Gas sold down So per cent on a
further parade of election complications,
but the buying at the decline was again for
the account of the Kew interests in the
property. and resulted in advancing the
price Ia per cent beyond initial figures.
1t is likely that the necessity of an cleo
ton will be found unnecessary in order to
put the real owners of the property at the
head Of its affairs, as a program satisfac-
tory to both factions and looking to the
accomplishment OF this object is now in
progress Of preparation.
Runners of gold SHIPMENTS aggregating
upward of s5.ooossO Tor the week were
freely circulated during the day, but We're
impossible of confirmation at this early
date. The market for foreign exchange
opened strong, With 'srates fractionally
above those prevailing yesterday. The
offerings of bills are a. tritie more liberal
but the demand is so general as to quickly
absorb them. Bankers are quoted as be-
ing unwilling to makes sterling loans, and
this fact, coupled 'witfba slightly better de-
mand for money. As, regarded as favorable
to an early REDUCTION, in the amount of
gold exports.
The announcement ahat the ways and
means committee ref the House had report
ed favorably the bill recommending the alb
rogation of the ,one-te9th, ,differential duty
on imported sugars cansed a momentary
and FRACTIONAL cqnSessssion ii. iii the pride of
Of the list du1,ing this pesiod was. without
any special feature, - - e.[s....