Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-07-06
FINANCE: AND TRADE
Encouraging News Received From
Abroad.
GOOD BUSINESS GENERALLY EXPECTED
Accounts of the Work of the
Week.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, July 6.-Opening prices thu,
morning were steady around closing fig
ures and were subsequently improved on a
small volume of business. London did lit
tie in the local market but arbitrase
houses report growing disposition on the
part of foreign clients 10 contribute to any
activity in the interest of higher prices
There was practically no news of specula-
tive significance, but the manifest uneasi-
ness OF the short interest indicates grow
ing belief in the fruitlessness of manipula-
ton for the decline.
The trade reports for the week reflect
general confidence in a profitable fall bust
ness and manufacturers report increasing
activity as the result of the stocking I'D of
retail merchants
The iron industry continues to lead in
point OF activity, and further advances in
rates are probable. The steady decreases in
the ranks of the unemployed attest the
growing demand for commodities and the
necessity for increased working forces
Crop conditions at the close of the week
are satisfactory and will be carefully
studied for the balance of the month in the
interest OF speculation. The prosperity of
the farmer is essential to the prosperity of
the railroads, particularly at this time of
financial rehabilitation.
The strong closing of all the granger
SHARES this morning may be taken as evil
dence that the desired result is at least
among the reasons BILE probabilities. The
exchange market has been strong through
out the week, with rates firm at the ex-
porting point.
Syndicate banks have supplied the de-
mand and have thwarted several attempts
to ship small lots Of coin in order to de-
press values. The syndcate's ability to
prevent an outflow of gold is recognized by
all whose market position is not dependent
on financial calamity.
The narrowness of speculation, incident
to the season, may produce some irregu-
Iarity from time to time, but the more ex-
tcnsive movement is destined to be in the
direction CT higher prices. The weakness
in Chicago Gas during the week would not
have had such purely local application
had the majority of the active element in
the street been apprehensive of ultima te
results. AS regards the dividend on the
stock of the company the impression pre-
walls that the October disbursement may
also be passed over and that full year
will have elapsed before payments are re-
suined.
The stock was erratic on a fair volume of
business, and closed within Is of opening
figures. 1t is not likely that the general
market Will be seriously Influenced by the
future action of this property.
Southern railroad preferred advanced g
per cent on good buying by commission
rejecting the offering of only moderate
amount of stock around present prices.
Distillers and Sugar were both strong on
buying originating from the necessities of
an operator recently active on the oppo-
siton side of the market. The covering in
Sugar was particularly noticeable and it is
thought that some stock is being accumu-
lated by small pool in the property.
The bank statement shows a loss of over
100000 in lawful money. largely in legal
tenders. The changes in the other items,
particularly the deposits, are not consistent
with this loss in cash holdings.
faif ct fDlfn DEC ,-x-r
decreased, 2.ol22, 2aj: loans increased, $751;
400; specie decreased, s13i.a00; legals de-
creased. Lass, 100; deposits decreased $685.
100, and circulation decreased, $4,000.