Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-05-03
FINANCE AND TRADE
Continued Confidence in Improving
Situation.
ABSENCE OF ANY PRESSURE TO SELL
The Coal Dispute Likely to Be
Amicably Settled.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, May 3.-The course of prices
in todays stock market reflects continued
confidence in the correctness of prevailing
sentiment. Reactions are daily predicted
by the professional element, but there is a
conspicuous absence of any pressure to
sell, end every concession attracts new
purchasers. Strong manipulative cliques
seem to counteract the adverse influences
of decreased earnings and discouraging
trade complications The demand for bonds
continues good, and Europe is decidedly
prejudiced in favor of our securities, al
though speculative accounts at that center
may be closed out to realize the handsome
profits reflected in present prices.
There was some indication of such
movement in the securities of the Southern
railway this morning, but local interests
quickly absorbed all offerings in the belief
that they will be bought back at higher
prices.
The management of this property is in
terested in improving its market position,
and sharp advance may follow the favor
able settlement of certain negotiations now
pending.
rates and further assurances that all mat
tiers now In dispute will be amcably set
tied in the near future caused some COW
ering in the coal stocks. resulting in SUBJ
Central
The Changers, Northwest excepted, are
given excellent support in anticipation of
favorable crop reports in the west, which
will remedy existing defects in earnings.
st. Paups statement for the month of
April reports a decrease of s2035OO, only
s., 263 of which is credited to the last week
of that month. Rock Islands estimated
decrease for the same period is about
$235.o0o.
Further short selling of Northwest de-
tracted l per cent from the initial estimate
of its value. Realizing sales in Manhattan
resulted in a decline of per cent, but the
balance of the railway list was steady
with a tendency toward improvement.
Sugar was again in good demand up to
the highest point recently attained The
prices of all grades of refined sugars, ex-
cept number H. were advanced lie of a
cent a pound this morning making the
total advance for the week about 80 cents
barrel. The companyS dividends for the
year are assured, and with the inside inter-
ests thoroughly in accord with the present
movement the prediction that still higher
prices will be recorded is generally accept
ed probable.
Distiilers was barely steady as the result
of the reduced rates for the manufactured
product An early settlement of the con-
troversy with independent distilleries is
hoped for, and will be used a motive for
marking up the stock. Chicago Gas was
bought by brokers conspicuous in the adj
vance of the last few days, but no sustain
ed improvement was recorded. Realizing
sales and stop orders resulted in a sharp
decline of per cent in United States
Leather common.
The trading of the last hour was active.
but inclined to yield from the best prices OF
the morning. Traders were credited with
closing out contracts to take profits, but
the belief in higher prices predominated at
the close of business.