Evening star., 1895-06-18
FINANCE AND TRADE
Tendency of the Spectators to Re-
alize Profits.
ADVANCE OF THE HARD COAL STOCKS
Favorable Reports From the South
west.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, June 1s.-Speculation was
hampered somewhat this morning by
profit-taking tendency on the part of The
room element, but underlying conditions
continue unchanged. London, as on pre-
vious days, was not factor in the local
trading al d evinced little interest in the
several International issues. Some sales
by arbitrage houses attracted the attention
of the professional element and effort
was made to force reaction. All offer
ings were quickly absorbed, however, and
no significant concessions were recorded.
The Grangers yielded slightly to realizing
sales, and temporary absence of support.
st. Pauls earnings for the second week In
June reflected a decrease of $16,Si9, but
when 1t Is considered that this comparison
is made with a week embraced in the strike
period the report is not unfavorable.
The coal stocks We're advanced under
covering, Reading especially being in de-
mand. The actual trade situation is not
materially changed, but the impression is
gaining ground that something favorable
will be announced in the near future. I'm
til the exact amount of the assessment is
known the street is rot likely to encourage
any active speculation in Reading. notwith-
standing the recognized ability of the prob
able reorganizing interest.
Missouri Pacific was advanced under an
increased demand for further gain of
per cent due to a revival of yesterdays
rumors relative to increased earnings and
brighter business prospect. The reports
from the southwest are so uniformly en-
couraging that speculation is likely to
center largely in the roads operating in
that section of the country New England
was the subject Of another mysterious and
periodic advance, a gain Of IA per cent
following a brisk demand from the brok-
ers identified with the previous manlpu-
lation. The specialties were all active and
in the main irregular under realizing sales,
American Cotton Oil being, an exception
at per cent advance from initial fig
ures.
Sugar was depressed to III on early trad
ing. but at the decline supporting orders
were abundant and The price soon rallied
for a gain of 1 IA per cent Around lis
the stock was freely supplied. yesterdays
efforts to prevent any material advance
being continued by the leading interests In
the property.
given over TO dullness pending definite de-
velopments in certain matters pending be-
fore the courts and the various state legis-
latures Chicago Gas and Distillers were
given good support, but no important
change was recorded In the price of either.
Traders were disposed to sell the market
for turn during the later trading, the alb
sence of any outside demand being taken
advantage OF in this particular While
these efforts may be attended with some
success, sentiment is still too strongly pre-
JUDGED in the opposite direction to warrant
the belief in more than a temporary set
back.
Buying orders are believed to be plentiful
at prices slightly under the market, and
this fact, coupled with the daily evidences
of reviving business activity. is sufficient
guarantee of the probable brevity Of any
reactionary movement. 1t is not unlikely
that the Industrial group will lead the
market in the next active upward move
ment.