Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-25
Stock Brokers Urging Their Gus
toners to Buy.
GENERAL BELIEF MADVANCING PRICES
AModerate4 Reaction in Prices is
Considered Likely.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

sspecAai baspatcn 10 Inc Evening Star,
NEW YORK. March 25.-As indicated by
the buoyant tone Of Saturdays market,
opening prices this morning were marked
ny from Ia TO ia per cent on good vol
ume Of business. London's prices were
fractionally higher also, but the volume of
business from that side was small dis
position to reduce profits into actual DOS
session was prevalent in the trading eie-
mebt ana prices subsequently became ir-
regular In consequence. The belief in a
steadily advancing market is becoming
more general and commission houses are
dscouraging speculation on the short side
ana recommending cautious buying on all
concessions. The interest in the long eide
CT the market at present is in the main
pcth experimental and speculative, and
cannot pc depended upon to support prices
IN the face of any sudden adverse change
IN the situation. Confid .ace is daily null
tipiyfng, however, and should present bust
necessary ingredient to a bull campaign,
VIII be no longer lacking. Meanwhile a
moderate reaction from present prices is
both likely and desirable.
New Jersey Central was again feature
OF the regular list, selling up / per cent to
9S 1-2 on early trading, and reacting 81
per cent from this price on selling, repre-
sentin.S both accounts. Reading was in
good demand up to 1214. a gain of 1 per
cent from the opening. Lackawanna was
not in sympathy with the upward move
iutul, S61iLS GOWN b per cent on the mar.
keting of comparatively small block OF
stock
The grangers were steady, within frac-
tional limits of first prices, and attracted a
fair volume of business, mostly profess
sional The Gould group was strong, Mis-,
souri, Pacific and Manhattan each adding
per cent to first prices, while some good
buying of Western Union encouraged be-
lief in ultimately higher prices for that
property.
In the Industrial group Chicago Gas
was conspicuous during the morning, the
execution OF two large competing. orders
for the sale OF the stock at The market re-
sulting in a sharp decline oil 2 per rent.
Later trading was successful in restoring
the larger part Of this decline. The early
movement was attributed to Chicago sell
ing in anticipation of certain changes in
the dividend policy of the company. Sugar
was in good demand by traders, selling up
to 1O1 on a liberal volume of business.
The German situation is said to be as
summing an aspect less hostile to the best
interests of this company. General Elec-
trio was sold down per cent on a liberal
volume Of business, but covering later in
the day recovered the bulk of the decline
Distfllers was barely steady at fractional
decline from first figures.
The market for sterling and continental
bills was firm. rates being well up to the
highest of last week The volume of bust
ness was small. and the supply of bills
from the interior insignificant. The con-
dftions OF this market are likely to find inn
mediate reflection in the stock market
ana they are being carefully studied In
consequence. Fortunately, there is much
satisfaction expressed with the bond syn
dictate policy for restoring nominal condi-
tions.
The last hours trading was active and
strong around the best prices Of the day