Evening star., 1895-07-16
Today's Business Skipping Around
in the Little Stocks.
NO IMPORTANT FOREIGN DEALINGS
Crop Reports Hold Out Hopes for
the F Future.
GENERAL MARKET NEWS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. July 16.-opening prices
were irregular within fractional limits of
last nights closing, the industrials, as
usual. attracting the bulk of the business
London's early prices were about ON q
parity with our closing, but no important
business was transacted for foreign ac-
count Railroad officials who have recently
returned from an inspection Of the agri-
cultural districts in the west report an ex-
ceilent crop prospect, corn especially giving
promise of a profitable crop to both the
producer and transporter. The Granger
shares Were in moderate demand as the
result OF these encouraging forecasts, ana
made fractional additions to first prices
The coal stocks were strong during early
trading, Jersey Central practically recover
lhs its DIVIDEND, but subsequent trading
resulted In fractional concessions from in
itial figures.
Chicago Gas was the feature of the davis
business, rumors Of possible receivership
per cent from first prices. At the decline
nQuidation was again noticeable traders
throwing over long stock bought several
DAYS ago In the belief that the depression
lacking In support and the situation
which prompted the sale of the first thou
sand shares OF stock is practically un-
changed. Low prices have repeatedly
short interest. and the property can hardly
be considered cheap at any time prior to
the granting OF assurances that 1t win be
permitted to exercise its corporate func-
tions without molestation.
Sugar sold up 3-S per cent during the
morning, but the tendency toward weak
ness, which characterized the neighboring
industrial shares. prompted liberal sales.
which resulted I'm a decline slightly under
the opening level.
The news agencies continue to distribute
extremely bearfsh views on this stock while
officers of the company and independent
refiners agree that a brisk demand for
sugar Ii sure to set In during the next
few weeks, which will tax the full capacity
of the company's plants. Manipulation
may be In the direction Of low prices and
successful speculation depends entirely on
the proper estimation Of this important
factor, but eventually facts will compel the
manipulating interest to devote the same
energy In an opposite direction.
Tennessee Coal and Iron was the subject
Of further attack. which resulted in a
per cent decline from opening figures.
The company reports a surplus for June
over fixed charges OF 3S.2i6. but this an
nouncsment passed unheeded. The prop
erty has many powerful friends actively
engaged In street Operations, and the crea-
tion of large short interest will eventual
ly be taken advantage Of 10 continue the
advance originally designed for this stock.
The Generalization in Chicago Gas over
shadowed the active list throughout the
afternoon, values being extremely sensi-
tive in consequence. Rumors of a receiver
ship were denied during the afternoon, but
the lowest prices Of the day followed not
withstanding.
The railroad list attracting only a very
small proportion of the business. was gem
orally steady, and reflected confidence in
final results. 1t is likely that the bear
movement in the industrials will be trans
ferred to the railroad list in the near fu-
ture, but concessions resulting therefrom
will furnish a safe purchasing level for the
patient holder.