Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-19
FINANCE AND TRADE
Improvement Continues in Prices Of
Stocks.
BUYING ORDERS COME FROM LONDON
Effect of the Advance of the Price
of Silver.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, March -1O.-rhe improve
ment noted in yesterdays stock market
was continued today with equally salts
factory results. London early cables re-
Elected advances varying from Ii to 3-4
per cent. and brought some buying orders
to this side. Louisville and Nashville end
St. Paul were conspicuous features Of the
foreign trading in both markets.
The advance in the price of silver. at
tributable to the speculative possibilities
arising from the war in rhe east, the s.d-
vancing tendency of the market for cereals
and the increasing signs of activity in
commercial circles have inspired confidence
in a revival of business. The railroads
can scarcely be expected to snow any ma
terial Improvement in earnings prior to
the harvesting OF the next crops, however.
and in the meantime it will be well to
guard against surprises by strict oheerv-
ance Of conditions not entirely reflected on
the surface. Baltimore and Ohio. for in
stance. is believed TO be approaching the
non-dfyidend paying stage even though as
surances TO the contrary are abundant IN
certain quarters. .-
The enormous amount Of unremunerative
funds invested by this company in acquir-
ing collateral lines and in improving trans
portation facilities will require a decided
increase in earnings il dividends are to be
considered assured.
The next dividend may be declared, but
there are many shrewd spectators who
are pronounced skeptics in this particular
Northwest was marked up Is per cent
on the short interest this morning, but 1t
is doubtful IL any more legitimate motive
for advancement can be found
The other grangers were all strong. Bur-
lngton moving up per cent on a good vol
ume of business, and Roch Island and ST
Paul each added substantial fractions to
opening figures. New Jersey Central was
forced up per cent by the efforts of inside
interests, who are using next Thursdays
meeting to good purpose in this particular.
Should anything advantageous tn the COM
panies represented be agreed upon it Is ex-
tremely doubtful If the agreement will be
seriously considered beyond the usual brief
period. The outcome OF this meeting. how
ever, will be the incentive for considerable
activity in the coal shares.
In the Industrial list sugar was active
and inclined to weakness. A strong effort
to open the stock of la per cent was
cleverly defeated and initial figures made
| to reflect an advance of that amount A
| reduo ton of 1-G per cent a pound on GER
| tain grades of refined sugar. coupled with
| strong manipulation from the inside In
| the interest of lower prices, resulted in a
1 per cent reduction from the best prices of
the first half of the session.
The market for sterling and continental
bills was firm. with rates and conditions
unchanged from yesterday. The announce
ment that a receiver had been appointed
for the Long Island Traction Company Was
received with no show of surprise. Final
figures were steady, and, in the main,
only fractionally below the best.