Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-06-26
FINANCE AND TRADE
Fractional Declines in the List of
Active Stocks.
Few NOTEWORTHY CHANGES RECORDED
FIuctuation Of Sugar Caused by
Manipulation.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK. June 26.-Opening prices
were irregular this morning, with >frac-
tional declines predominating in the active
list The volume of business was small
and confined almost exclusively to the
room. Sentiment is divided, and the alb
sence of any outside demand encouraged
some operations for the short account. The
general list was given good support, how
ever, and few noteworthy changes were re-
corded. The grangers were neglected
throughout the morning. prices holding
steadily around closing figures
Reading was marked up on a moderate
demand from the short interest and the
usual buying attendant upon favorable re-
organization rumors. The coal stocks are
the subjects of much adverse criticism in
the street, the ruling dullness alone pre-
venting sharp reaction from present
prices.
The manipulation in New England re-
suited in the recording of a l per cent
advance at the opening, followed by a
further fractional gain to 81. The decline
to closing figures was accomplished on
the marketing Of only a few hundred
shares Of stock. The recent Illogical and
erratic action of this stock justifies the
majority in avoiding 1t until something
more definite is learned concerning the
Intentions Of the new owners of the prop
erty.
the fractional strife which has prevailed for
several days past. From 115 to 1131a the
decline was rapid and the volume of busi-
ness large. Careful buying at the decline
marked the price up 1 per cent. at which
point 1t became steady, until toward the
end Of the noon hour, when a second at
tack restored the previous low level. Trade
conditions do not Justify these attacks, and
friends of the property are confident that
manipulation will be forced to yield to
facts in the very near future. At the mo-
ment, however, concessions are more easi-
ly established than rallies
chicago Gas sold down 1 per cent as the
result of an attack resulting from the
fruitlessness of every effort devised to pro-
tect the companies from legal and legisla-
tive anEoyances The new management is
ure or the frontage bill. and sees little hope
Of operating the plant successfully against
Chfcago opposition Present prices for tho
stock are therefore not likely to hold long
The foreign exchange market presents
no new features, rates continue firm at
the exporting point, with syndicate banks
supplying the demand. The payment of
the final installment Of gold on the bond
purchase having been made. the syndicate
has fulfilled it's contract with the govern
ment In every particular save one. name
ly. that its influence will be used to pre-
vent any export Of gold prior to October
An important transaction, negotiated
during Mr.. Morgan's visit abroad is said
to be of such nature as to facilitate the
execution Of the balance of the govern
ment contract. All things considered the
fears Of gold exports in certain quarters
are premature If not entirely illfounded.
The trading of the last hour was dull
at fractional concessions from first prices