Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-16
Early London Reports Help Prices of
Stocks,
ACTION CONFINED TO PROFESSIONALS
The Vote in of the House the Topic
in Wall Street.
GENERAL MARKET REPORTS

| Special Dispatch to The Evening Star.
| NEW YORK, February 16.-The improved
| tone of the foreign market as indicated by
| early cables from London encouraged a
| corresponding buoyancy on this side which
| found expression in advances varying from
1-2 to "a per cent over closing figures. The
| evening up of traders contracts was the
| only feature of the days short session,
| opening prices in many instances being the
highest for the day. There was no outside
| demand for stocks, the uncertainties of the
speculative situation being entirely too ag-
gravated to attract any but professional
operations.
| In consequence of the narrowness, it is
difficult to foreshadow the immediate out
come of speculative enterprises, but sur
! face indications strongly favor a continual
| ticn Of this weeks purposeless transactions.
The terms of the rev government loan and
the refusal of Congress to interfere in
lessening the rigors of the syndfcate's con-
tract, have been the absorbing topics of
discussion during the week. The strength
Of the silver element in the lower house,
as indicated by the completeness of the de-
feat of the proposed per cent loan, prom
ises to furnish a basis for future uneasiness
and apprehension in financial circles.
The monotony Of legislative disappoint-
ments shows no signs of interruption, and
the adjournment of the Fifty-third Con-
gress is the strongest bull argument the
present complex situation presents.
Outside of the adverse sentiment inspired
by the daily advices from Washington, the
question of dividends on certain of this
weeks active specialties has occasioned
considerable doubt as to the ability of the
properties in question to continue the Gus
tomary disbursements, and has had an i'm
portant influence on values. Northwest
closes the week AZ per cent under Mon
days initial sale. as the result of a prob
able curtailment in its dividend rate.
Anfin hi
months in the future, but the dividend on
the preferred stock should be announced
during the present month. and some indi-
cation of tine treatment likely to be accord
ed the common can then be had.
National Lead common Is also classed
among the doubtful in this particular, the
annual report for the year ending Deem
Der 81, showing a deficit after all charges
Of something over S275,OOO. The recent
heavy selling of this stock is directly at
trfbutable to the knowledge of this decreaS-
ing tendency in the matter of earnings.
The meeting of directors to act on the mat
ter is regularly due toward the last of next
week.
The next dividend on sugar has been
publicly offered under the usual rate but
thus far no offers have been accepted.
Manipulation is suggested strongly by the
manner in which this last attempt to cause
apprehension has been paraded in the
street.
The foregoing instances are prominent
examples of what motives are likely to
influence prices after the legislative phase
Of the situation is disposed of.
Chicago advices announced that progress
was being made in the direction of INSTALL
ing the new management to the control Of
the individual companies formerly included
in the trust.
The stock opened strong at an advance of
ga per cent and continued steady within
fractional limits of the first sale. Rumors
OF possible proceedings against the new
interests for contempt of court prevented
any marked demonstration of approval of
yesterdays action. The reorganization of
the property will, it is believed, be bene-
fetal to all interested.
The statement iii detail follows: Reserve
decreased S252.S00, loans decreased 81, 2o4-
GEO. specie decreased SSi1,200, legals de-
creased S41,600 deposits decreased s., 80
coo and circulation increased $780, 400.