Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-21
A Demand From Abroad for Amer.
lean Securities,
EFFECT OF TEE COAL MEMS MEETING
The Reorganization Of the Whisky
Trust. a
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, March 2I.-Speculation was
resumed this morning at fractional ad-
var ces from last nights closing despite the
fact that there was no abatement of the
reactionary sentiment noted yesterday.
London's prices reflected a firm tone for
our securities. with St. Paul the feature at
IA per cent advance.
The meeting Of the anthracite railroad
presidents, called to consider plans for
improving the coal trade by establishing
uniform rules governing the output and
apportioning the tonnage, resulted in the
appointment of a committee to prepare a
plan looking to the accomplishment OF the
purpose. The committee was instructed to
report at a special meeting called for next
Thursday 1t :. is generally admitted that
the settlement of existing differences
among the several companies interested in
the transportation Of coal from the mines
to the seaboard will be a long step in the
direction of assured profits for all the prop
critics concerned.
ed plan of the bituminous coal roads are
already visible and much more is expected
from the remedial measures inaugurated
at today's meeting of the anthracite inter-
ests. The stocks of all the latter roads
were strong at moderate advances, Jersey
Central leading the group with a gain Of
IL per cent.
While all of, the more, active railroad is
sues We're steady, Northwest scarcely de-
serving such description, however, the in
dustrial group monopolized the greater
part Of the days trading with decidedly
creditable results.
Distillers was in good demand. gaining
1 IL per cent before any appreciable OPP
position to- the advance wis Encountered.
The movement was based on the announce
ment thSt'alla stock must be deposited by
the 18th Of the month. under the plan Of
reorganization. AS thereSis "a large un-
covered short interest in the property,
which willlbe forced into covering under
the terms of the above plan, traders had
no difficulty in bidding up the price. The
reorganization Is already an. assured sue
cess.
The short interest in General Electric was
again called upon to defray the expenses
CT a per cent advance. In 1.-The price Of
that stock.
There has been a moderate amount of
short stock put out on this use in anticipa-
ton of another adverse legal decision.
Friends Of the company rely upon the
promised good showing in the annual
statement to counteract the above move
nent.
Sugar was strong at an advance Of 1 II
per cent due to purchases for both &C
counts. Legislation. at Berlin. is being
representatives. National Lead common
" as advanced 2 per cent on fair volume
of business based on improvement in the
trade outlook.
The apportionment OF receiver Tor the
Oregon Short line, announced during the
afternoon, Is regarded as a severe blow to
Urion Pacific. as it practically deprives
the latter company Of its Pacific coast out
let.
All things considered, the business pros
pect contains much to encourage the res
operative process now, seemingly. well
launched.