Evening star., 1895-01-18
Washington Reports Regarding the
Pooling Bill Advance Prices.
ENGAGEMENTS FOR EXPORTS OF GOLD
They Attract Less Attention Than
is Customary.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, January 1S-The specu-
lative undertone reflected buoyancy this
morning decidedly encouraging to the be-
levers in broader and higher market.
The buying, while emanating originally
from the necessities of the short interest,
was not an indication of negative strength
merely. the long account being entitled to
q fair proportion of the days transactions.
Advices from Washington predicting IA
vorable action on the pooling bill and an
nouncing the withdrawal Of ;auch Of the
dreaded opposition to the measure were
responsible for the strength in that class
of stocks to which the bill will most di-
rectly apply.
The engagement of $1,000, 600 gold for ex-
pert tomorrow attracted little attention,
except in the non-speculative banking cir
cles. Ordinarily such shipment would
have been used to good advantage by the
bears, but the scarcity Of stocks for bor-
rowing purposes and the prospects for
favorable legislation acted as deterrent in
duences
Manhattan was the feature of the regu-
lar list selling up 3-S per cent on fair
volume of business.
The reasons for this advance begun dur
ing the final hour of yesterdays business.
are not definitely known, the presumption
at the moment being in favor of the COW
ering of short contracts. 1t is believed.
however, that the stock is entitled to
rally from the recent range Of value IL
intrinsic merit alone is considered. 1t Is
not probable that any adverse legislation
at Albany will interfere with the COM
pany's business, and the prospect of a lib
eral saving in next years interest account
is hinted at with meaning emphasis.
Among the specfalties Tennessee Coal
and Iron was conspicuous at an advance
of 1 Is per cent, due to the placing Of
several large and profitable coal contracts.
Sugar was in good demand by brokers
anti onfi nm he L.
den change of front on the part Of these
operators is due to the expected decision
of the Supreme Court in favor of the trust.
Friends of the company regard the matter
as practically settled, as the defense in
the lower court was based on a perfectly
sound construction of the law on the Ques-
tionS involved.
Chicago Gas was marked up 1 per cent
on good buying by brokers near to the new
interests in the property. The prospects
are daily growing more encouraging to
the interests now contending for the prfvi-
lege of managing its own property. and 1t
is probable that all legal objections will
shortly be overcome. In this event an up
ward movement In the price or the STOCK
would be in order.
The currency movement from interior
points during the week is estimated to
have added nearly si,5O,ooO to the cash
holdings of the local banks. This steady
piling up of funds in the east defies all
explanation. as the majority of all western
advices relative to business activity would
indicate the necessity LOT keeping tne ouih
of these shipments in circulation nearer
home.
The amount of gold paid out during the
week to exporters will be more than Offset
by the currency shipments. Under su.h
circumstances the loan account promises
to be but little improved for the present.
The last hours trading was moderately
active and irregular, some realizing by the
room element being responsible for the lat
ter characteristic. Chicago Gas was the
feature during this period, selling up to the
highest point of the day under pressure Of
the demand from both accounts.