Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-04-05
Nothing Accomplished by the Coal
Line Presidents.
A FINAL AGREEMENT HOPED FOR
Prices Were Somewhat Higher
Under London's Lead.
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 5.-Following Lon
don's lead our market opened at small
fractional advances over last nights clos
ing prices. and subsequently became ir-
regular front>lack Of business Trading was
confined almost exclusively to the room, and
was consequently not only restricted in
volume, but practically void of significance.
The meeting Of the anthracite coal presi-
dents was relied upon to furnish the in
centive for the days movement in values.
All of the roads interested in the mining
or transportation of anthracite coal were
ably represented. and the questions of allot-
ments and percentages were at once takeh
under consideration. Up to the time Of the
midday adjournment no agreement had
been reached, but the committee we're not
discouraged with the prospect of final
settlement of all differences. Concessions
will be unavoidable in many cases. but II
prosperity depends on the granting of such
concessions, as is now the case, there
should be little delay on this point.
An agreement as to the monthly output
would be followed by sharp advance in
rates. The present selling price OF coal or
the dividends of the roads hauling 1t must
soon change radically. and 1t is only rea-
sonable to presume that a stroIg effort
will be made to avoid the latter contin-
gency. 1t is extremely doubtful, however,
If mere resolution to maintain rates will
endure Tor a fuH season. Authorities QlHer
widely on the subject, and the weight Of
argument can scarcely be said to rest with
the believers in sustained advance. Ma
nipulation will be temporarily employed as
substitute for facts. but operations care
fully founded on actual conditions will
prove less hazardous and equally profita-
Bile.
Jersey Central was the active feature Of
the railway list. selling down l per cent on
liberal selling. and working back to opening
fig lres on purchases by the room Rumors
of a reduction in the dividend rate were
again employed to facilitate the decline.
In the industrial list Sugar was the fea-
ture, selling up per cent on purchases at
tributed to both accounts. The sentiment OF
the street Ia decidedly mixed on this prop
erty.
The disbursement of the first quarters
interest in government bonds has resulted
in a gain to the banks through their OPP
erations at the subtreasury during the
week, and this fact coupled with similar
interest payments on various other securi-
ties, should reflect a gain in the cash hold
last week. The currency movement from
the interior. 1t is estimated, will result In
gain of more than a million to the local
| institutions.
This latter condition Is less encourag cling
than was anticipated. the return Of money
| to this center clearly indicating the abb
sence of any employment at home.
Prospects Of a prolonged and possibly
stormy session of the coal presidents acted
| as a deterrent to activity during the last
| hour Trading during this period was un-
| changed in character and prices in the
main were not improved.