Evening star., 1895-04-29
FINANCE AND TRADE
Less Demand in London for American
Securities.
MODERATE sale OF TEE CHANGERS
Favorable Reports Send Up the
Coal Stocks.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. April 29.-The temporary
preponderance of reactionary sentiment at
the opening of today's stock market re-
suited in uniform reduction in values.
London's early advices Indicated a frac-
uonally lower market at that center for
all active issues. except those OF the
Southern railway. There were no new
developments on which to base the belief
in lower prices, and the movement, con-
seouently, was shortlived.
The Changers opened at substantial con-
cessions. and were sold moderately by the
sales forced prices well beyond those first
recorded. st. Paul's statement for the
month of March. showing net decrease
of only s2s.SO6. was favorably construed by
traders. owing to its decided improvement
over the generally expected report.
The bt nd syndicate's efforts to make this
property the speculative barometer Of the
foreign market will be greatly facilitated
part of the company.
The coal stocks were marked up from a
weak opening on rumors that the presi-
dents of the disputing roads had agreed
upon a plan of settling the tonnage prob
lem. Some definite announcement of the
purpose of the committee is expected to-
morrow. but past disappointments in this
particular resulted in very cautious trad
ing.
Reading gained 1-8 per cent from OPEN
ing figures. and Jersey Central 34 per cent
on a fair volume Of business. while the
higher priced members of the group. on a
few transactions, recorded moderate gains.
The Industrial list attracted a good vol
ume OF business on irregular trading. in
which the room element was most con-
spicuous. Sugar opened at 100 Il, sold
down rapidly in the first few minutes and
rallied steadily to 100 3-4 on what ap-
peared to be decidedly confident buying.
The early break was due to uncoyering of
stop orders and the marketing OF a block
Of 5000 shares of stock accumulated for
a particular purpose and sold because OF
the failure of that purpose. The expected
advance of Lie per cent a pound in all
grades of refined sugars was announced
during the morning and encouraged a re-
newal OF last weeks assurances OF q fur
ther advance in the price Of the stock.
Distillers was in good demand up to
10 rs, the fraction representing the gain
from Saturdays closing. All the assess-
ments are now on this property. and the
effect Of good management will be waited
fer to improve the market value OF the
new full-paid certificates.
American Tobacco broke sharply at the
opening for let decline Of "a per cent,
due to a rather free marketing of the stock
under stop orders. Later trading resulted
In a recovery of the full amount Of the de-
cline. The market for foreign exchange
was dull and steady. with previously re-
ported conditions still in force. The re-
ceipts Of bills from the interior were small.
ard the inquiry from remitters restricted.
The trading Of the last hour was active
and in many instances the best prices OF
the day prevailed during this period Su-
gar sold up to LILO. at which point realizing
sales were instrumental In forcing a mod.
crate reaction. The sentiment at the close
OF business was generally favorable to con.
tinued advancement.