Evening star., 1895-01-21
Orders From London to Sell En-
courage the Bears.
HOPES CENTER IN THE POOLING BILL
Supreme Court Decision Has Lit
tie Effect on Sugar.

Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, NY, January 21.-Opening
prices this morning We're fractionally ir-
regular and the volume Of business unim-
proved. London had few selling orders
on this side, which encouraged some room
operators on the short side of the market
for a turn. The pooling bill is relied upon
to furnish an incentive to activity during
the week, the varying phases Of its pro-
gress through the Senate being likely to
favor both classes Of operators. Friends
of the measure are confident of success, but
admit the presence of strong opposing
faction which may delay final action.
TheGranger stocks were all steady around
first figures, a reported decrease in the
earnings Of Northwest for the month Of
December amounting to $545.414 having no
material influence on the price Of that
stock. Manhattan advanced 1 Is per cent
from opening prices on a small volume of
business inspired by rumors of increased
earnings and a decreasing apprehension on
the subject of surface-road competition.
Unicn Pacific advanced "a per cent under
a moderate demand from the short interest
growing out of some favorable develop
ments in regard to the companys legal
affairs.
Chicago Gas attracted the attention of
the trading element Immediately after the
opening and sold down 5-S per cent to
T2 is, from which point liberal purchases
during the next hour advanced it Ia per
cent. No effort has as yet been made to
dissolve the injunction restraining the vot-
ing of the Fidelity receipts. 1t is generally
understood, however, that the minority
stockholders as represented by the present
management, have neither the desire nor
the intention of holding their positions un-
der mere legal technical,ty. The date On
which the election of the new officers will
take place is still undecided, but that such
election will take place in the near
future is no longer a mooted question. In
the meantime the stock is not likely to
have any important movement, the desire
to acquire some cheap stock being too pro-
nounced among the friends of the new
interest to warrant any marked advance.
The character of the buying on ali con-
cessions Is generally regarded as indicative
of future profits of substantial proportions.
Sugar was strong throughout the morn
ing, advancing 1 Ia per cent on purchases
for both accounts.
The decision Of the Supreme Court in
favor of the company being pretty generally
Of its official announcement. The House is
likely to take some action on the PROPOSE
tion to strike out the one-tenth differential
duty on imported sugars during the week,
and this fact naturally detracted from to-
days legal triumph as speculative factor.
General Electric sold off 7-S per cent
during the morning, as the result Of a
traders movement, which was only tenn
rorarily successful, the price rallying under
covering for the full amount Of it's early
less.
The engagem ent of 500 900 gold for ex-
pert tomorrow was announced as the first
consignment of what at the moment prom
ises to be a liberal total for the present
week. The foreign exchange market was
firm, with rates fra ctionally higher than
II rose prevailing at the close of last week.
The supply of bills is sr,.all, and the vol
ume of business, fortunately, is light.
The trading of the last hour was dull
and without special feature. Prices were
moderately steady a trifle under the best
figures of the day. Sugar yielded to selling
by the room, part of which was realizing
on early purchases. The whole tone of the
market indicates the presence of dispo-
sition to postpone operations pending some
developments at Washington.