Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-10-03
FINANCE AND TRADE
Specialties of the Industrial List
Most Prominent.
SUGAR and ASSEMBLING OF CONGRESS
The Street Beginning to Discuss
Their Relations.
GENERAL MARKET REPORTS
special Dis patch to The Evening Star

Special Dis latch to The Evening Star.
NEW YORK, October 3.-Speculation this
morning was confined principally to the
spectaltfes of the Industrial list, Sugar
Chicago Gas and Tennessee Coal and Iron.
London was dull and sent few commits
sions to this side, the local room element
being credited with the bulk of the days
business. From the character of the days
transactions it is evident that the market
will be influenced for the present by the
action of the several issues. in which an
organized effort is being made to advance
prices. The properties in question are by
no means lacking in merit, satisfactory
profits and encouraging prospects fully JUS
tffyiEg the ambitions of their friends.
The condition of the iron trade, which is
just now enjoying a periodic return of
prosperity. with every indication of con-
tinued activity for several months to come
and the large proportions Of the general
business attracted by Tennessee Coal and
Iron. are factors behind the movement in
that stock which seem destined to insure
substantial profits to patient shareholders.
The advance in Sugar is also based on
actua, trade conditions, all grades being
again advanced 1-l6 of a cent pound this
morning. With business assuring con-
tinuatfon of the present liberal dividend
rate and handsome annual additions to the
suIpluS luHu, tnere remains OILY one QOuDt-
full element in the speculative position of
the stocks. namely. the probable nature of
the powerful inside manipulation. At the
moment, careful estimate of probabilities
In this connection would seemingly justify
the belief. now shared by the street, that
Eigher prices will not be opposed by the
management
The period of doubt incident to the re-
assembling of Congress will in all iikel;-
hood AFFORD the only basis for pessimis,ic
reasoning on the market course of Sugar,
future to seriously handicap the present
movement.
Chicago Gas sold up sharply during the
morning on the announcement of the very
strong personnel of the new reorganization
committee. The details of the new plan
will be perfected during the afternoon, and
may be announced tomorrow. 1t is gen.
orally understood that the committee will
be assisted by practically the unanimous
cessful settlement of all differences and
annoyances is regarded as being assured.
The marked preference for the industrial
shares was an obstacle to improvement in
the conservative railway issues, the COM
monplace trading therein being void of sig
nificant feature. Certain influential inter-
ests In the street were disposed to regard
the markets strength as the temporary
result of professional buying, and conse-
quently took advantage of the rise - re-
duce the profits of the tape into actual pos
session. This action naturally retarded
any improvement in values, but developed
no signs of weakness all offerings being
taken without material reduction in price.
Reports of earnings submitted during the
Gay were generally up to expectations; but
little new buying was stimulated thereby.