Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-09
FINANCE AND TRADE
Prices So4ewhat Advanced on Even
ing Up Of Traders Contracts.
TONE At LONDON Less PETlMlSrIC
Recovery Of Recent Loss in B. and
O. Values.
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, March 9-After a some
what irregular opening this morning, prices
throughout the active lis. were advanced
on the evening up of traders contracts at
the close of the week. The tone of the
London market reflected less pessimistic
prospect at that center. which discouraged
any extension Of the local short interest
The character of the trading is unchanged.
the bulk of the transactions originating
within the ranks of the professional
room element.
The recovery of 3 per cent of yesterdays
loss in Baltimore and Ohio was a promi-
nent feature of the days trading in rail-
way shares. Baltimore advices announcing
the formation of a bull pool in that city
to support the price of the stock and stay
what is said to have been an unwarranted
bear raid were responsible for the recov-
cry noted.
The new pool is said to be composed OF
strong interests having unlimited conf
dence in the roads ability to do prosper
Gus business under the present manage
meut.
the London and local market was due, it
is believed, entirely to the covering of short
contracts. New York Central advanced
fractionally on semi-oficial assurances
Jersey Central gained 1 per cent on COW
ering and the higher priced coalers added
fractionally to yesterdays final figures as
the result of a similar demand.
Lake Shore opened strong, and sold UP
for a net gain of 2 1-2 per cent on a small
volume of business.
In the Industrial list Sugar was the fea-
ture, selling up IL per cent to par under
a continuation of yesterdays brisk de-
mand. Around par the stock was freely
supplied, and the price reacted to opening
figures. from which point a rally of 3-S
per cent was recorded just at the close Of
business.
The sentiment of the street has under
gone complete revolution as to the prob
able course of this stock, and figures con-
siderably in excess of today's highest point
are confidently predicted. The European
protest against the discriminating tax on
imported sugars is yet to be adjusted, and
some activity. tn this regard IS expected
upon the Presidents return.
American Tobacco gained per cent on
the covering of a relatively small block of
stock. and the remainder of this group
was dull and without special feature.
Among the important developments of
the coming week the publication of a new
circular on Fries affairs and a probable
heavy assessment Of the stock is antici-
pa ted.
The bank statement reflects loss of
more than five millions in lawful money as
| the result of the bond sale, and also a
large increase in loans attributable to the
same source.
The change in deposits is comparatively
slight, as the two items above mentioned
nearly Offset each other The loss in law
full money, therefore, shows to the full
amount In the surplus. which is reduced to
sd. 1855 23. The statement in detail fol-
lows: Reserve. decreased, s5.265 ST5; loans
increased, S. $4,000; Specie decreased, S.
36S. &c., legals, decreased. $3,OS5, 100; de-
posits. decreased, $40 800. and circulation,
increased, $4,000.