Evening star., 1895-07-12
FINANCE AND TRADE
Coal Stocks Strong Under a Moderate
Demand.
CHANGERS DULL At FIRST FIGURES
Sugar the Most Conspicuous Fea-
ture Of the Day.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, July 12.-Irregularity re-
sulting from professional narrowness was
the chief characteristic of today's stock
market. The railroad list was at times
wholly neglected, but values were not ma
terially affected by the dullness. The coal
stocks were strong under moderate de-
mand from yesterdays sellers Reading ad-
vancing fractionally as the result of a fair
volume of business Of this character The
details of the reorganization of this prop
erty. especially such as relate to the mat
ter OF assessments, are as yet unknown
outside Of the committee, and trading In
the stock is consequently extremely eau
tfous at the present level.
New England sold down 8 per cent on
early trading, but subsequently rallied
around first prices on the purchase of a
few hundred shares. The action of this
stock has lost none of the mysterious feat
ures incident to the recent advance. the
trading being confined within a very mar
row radius and subject to sudden changes
in direction
ne Granger shares were dull around in
itiai hgures, there being no disposition to
continue yesterdays decline or TO cover
outstanding obligations. In view of this
condition the room was apprehenslye Of a
further attack from the lsiger operators
IN this group. and prudentIy held aloof
sugar was the most conspicuous feature
OF the day, both in point of activity and
tne extent of its fluctuations Opening
strong at no. the price yielded to persist
ent selling for loss of ger cent. The
| company reported the withdrawal from the
saies-ilst OF several grades of soft sugar
owing to the overso1d condition of fhe
!narKet' and the necessary delay in execut-
ing orders. The imported German sugar is
SAID SAID TO be giving little satisfaction in the
trade, and will shortly be renewed fror,
the competing forces. A
Notwithstanding these assnrances that
tne company is working up TO its fun ca.
5a'. aariE, tne STOCK attracts little support un.
uer professional attacks The attacl.ina
force sends cut rura0rs of decreased earn
Nss ana threatened reductions in ra.es
anu Tor the present the manipulators pre-
Ter to see the latter statements prevail
~, ne SITUATION Is decidedly complicated by
these conh:ctirg statements, and the rat.
ufai result would be to leave the stock en-.
tlrely TO the professional element for the
present Chicago Gas sold down 1 per cent
curing the first hour, but rallied later in
the day on covering Of previous sales.
Inere were no new developments I'm the
cline continuing bearish, but refusing to
trade pending some demonstration of the
| purposes of interests in the other side.
Inc afternoons trading was devoted large
ly to the evening up Of traders contracts
and the low prices of the morning were inn
proved in consequence The industrtaIs
were the active features Of this period, the
demand from the short interest being most
pressing in this group.
The present movement in values is not
the result of any adverse changes In gen.
eral speculative conditions, the strength
of the market under violent liquidation in
the industrials indicating confidence on the
part OF the real owners of stocks.