Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-01
There Will Be No Gold Shipped To-
morrow.
TEE SYNDICATE STANDING READY
Advance of Jersey Central on De-
cIaring Dividend.
GENERAL MARKET REPORTS
special Dispatch to The Evening Star.

Special Dispatch to The Evening Star. 4
NEW YORK, March Ia better under.
standing of the foreign exchange situation
and the approaching adjournment of Con-
gress were factors of decided advantage tel
values this morning. There was no pres.
sure to sell any of the recently active is
sues. the tendency in that direction having1
given way to a feeling of apprehension
among those responsible for contracts al
ready outstanding. There will be no gold
shipped by tomorrow's steamers, the sew
eral members of the bond syndicate stand
ing ready to offer the necessary drawings
the moment crisis is reached. Conserva-
tive bankers. recognizing the uselessness
of forcing a concession in exchange rates.
have not been alarmed at the recent higher
level OF the foreign exchange market. The
bond syndicate was under obligations to
prevent gold going out of the country, but
there was no inhibition on its getting the
best possible rates for its drawings against
foreign credits. There will be drawings
sufficient to meet the exigepcies of any
situation that is reasonably probable dur
ing the life of the syndicate in question.
Inc exchange market this morning was
reported as strong. with rates fractionalIy
In excess of those at which actual business
was transacted.
With the exception of St Paul, the mar
ket for railway shares opened strong at
advances varying from 1-S to "a per cent,
and was further improved on later deal
iEgs.
The annual report of New Jersey Central
reflects deficit after dividends Of S6l2, 700,
as against surplus of $J84,647 for the
preceding year. The report recites at some
length the channels into which the dis
bursements have gone, and encouragingly
suggests that the improvements made viii
rebound to the profit and credit of the
stockholders as soon as business condition.
regain their normal level The directory Is
n ttHc ,-k Co..
OF per cent dividends in the face of this
showing with the passing remark that bus
mess depression. in the opinion of the man.
agement. Is only transitory. The stock was
marked up 1-2 per cent on covering by
the room element, but the sentiment OF the
street fs decidedly bearish I'm it's own in
terpretation of the figures presented bur.
lngton sold OF i-2 per cent on a reported
decrease of 500. 900 In January earnings,
o put recovered al of its loas on later pur-
enases; Louisville and Nashville, New
York Central and Northwest were ali
active at substantial net gains. due IN
elsewhere. to the covering Of shorts.
IN the industrial list General Electric and
Sugar were the features. The former was
OF an adverse decision in the Supreme
Court suit involving many important
points relative to the lines of the COM
pany's most valuable patents. Sugar was
strong under a fair demand. which ad-'
vanced the price per cent beyond opening
figures. The remainder of this group at
tracted little attention
The volume of the last hours business
compared unfavorably with that of its pre-
decessor s. and under cover of the dullness
prices yielded slightly from the days top
ngureS. Beyond probable advance based
on the adjournment of Congress. there is
little in the present situation to change
general speculative conditions.