Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-05
Reported Increase in Missouri Pa
oifc. Earnings.
SUGAR SELLS DOWN ONE POINT
Gossip Regarding the Hard Coal
Carrying Roads,.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September 5.-The early
tone of speculation reflected some hest
fancy this morning, and realizing sales
characterized the initial trading. The mar
ket took all offerings at fractional conces-
sions, however, and traders conspicuous
among the early sellers were equally con-
spicuous among the purchasers at higher
prices later in the day. London bought
moderately of a few stocks but continued
to increase its short line of st. Paul. The
grangers were less active than usual, and
were largely steady during the greater
part of the day around first prices.
reported increase of $4,000 in Missouri
Pacifics earnings for the last week in Au-
gust resulted in some activity in The stock
of that company, which added " per cent
to opening figures. The recent showing
made by this property has attracted good
volume of quiet speculation on the long
side, which promises to. be rewarded by
further Improvement in value.
Tennessee Coal and Iron was in good de-
mand at a substantial advance over yes
terday's prices, but profit taking after the
noon hour forced the figures back to the
opening level.
Sugar sold down one per cent on opera
tons representing both accounts. The COM
pany is again taking all orders subject to
delay, as the outside demand has reached
proportions which practically exhaust the
present capacity. An advance in rates is
expected to follow this condition of things
The foreign markets for raw beet sugar
advanced during the morning, which is
encouraging to the local situation.
The street continues to interpret the
readings of the tape as indicating the
formation of plan Of great significance
and importance to the anthracite coal car
rying roads. AS yet nothing is definitely
known on this subject beyond the fact
mat several attempts have recently been
made to organize a meeting of the presi-
oents,. but all have failed owing to the
absence of certain Representatives, whose
| presence is absolutely essential on occa-
| sicns of such moment.
The advance iii these shares during the
| last few days has been accomplished al
| most exclusively on surmises, and the re-
action which followed today was the re-
suit of the non-appearance of more sub
| stantial incentive
Sentiment has not changed from the ex-
tfen'e optimism which prevailed a week
| ago, but a. reaction is desirable in certain
instances, and traders are disposed to con-
| centrate their efforts in that direction in
| the hope of securing additional long hold
| ings at more conservative level. There
| is little doubt but that the coal shares will
| occupy most conspicuous position in the
next active market, but extreme caution is
| the most that the immediate condition sug-
ges.S.
| The-trading of the last hour was cond let
| ed at the lowest level of the day, owing to
| continued profit-taking by the room. All
classes Of securities were affected by the
process, tie Changers particularly yielding
| to the preponderence of the selling.
The Sugar directors are expected to take
some action on the regular quarterly divi-
] dend tomorrow, if a quorum can pe obtain
ed for that purpose. The bulk of the earn
| ings reported during the afternoon were
| satisfactory, and there is practically no adj
verse influences Of sufficient Importance to
| change the recent strong speculative under.
| tCEe.