Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-14
Opening Prices Were Higher, but
the Advance Soon Stopped.
DISCUSSING WASHINGTON ADVICES
Chicago Gas Prominent Among
the Industrials.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, February 14.-In accord
ance with a recently established custom,
opening prices this morning were made to
reflect gains varying from Y to Y per cent
but, like previous efforts, the advance
terminated suddenly and left sentiment I'M
improved. Wise legislation alone can give
the desired speculative relief, and this, I'M
fortunately, seems improbable at this ses-
sion of Congress. Several praiseworthy at
tempts in this direction have reached va
rious stages of advancement. but those in
position to judge predict that none of them
will be enrolled upon the statute BOOKS.
Prices may respond momentarily to the at
titude of the committees having charge OF
the subjects in question, but the conserv-
alive operator will discard all legislative
uncertainties and weigh values under exist
ing conditions, making due allowance TOT
the effects of their prolongation The ad-
journment Of Congress may be the occasion
Of some improvement owing to the removal
of the uncertainty which now exists.
Outside of the varying opinions received
from Washington there was little news OF
any importance received during the day.
In the railway list Northwest was active
at a further decline of "a per cent, due
largely to short selling by the room on con-
dividend. The balance of the grangers
were steady on small transactions. Paclnc
Mail sold up l per cent during the early
trading. but dropped back to opening prices
somewhat erratically and became dull at
fractional net advance. New England was
steady and improved 3-S per cent on pur-
chases by brokers usually conspicuous in
any movement in this stock.
In the industrial list Chicago Gas was
prominent at a reduction OF 1 per cent
from first prices, the selling being attrib-
uted to both accounts; Owing to the late
arrival Of the train bearing the eastern
representatives of the new interests, the
election of the board was unavOidably de-
layed. The covering of yesterdays sales
in American Tobacco caused advance
of IL per cent in the price of that stock.
The Senate committee tomorrow will
recomme nd the repeal of the discriminating
duty on imported sugars. This action is
based on the action of the German gov
eminent in imposing retaliatory measures
adverse to certain Of our industries. If
the question could be brought to vote
gestioE would be adopted. but the better
opinion seems to be that its progress will
stop short of that point.
Traders sold the stock this morning in
anticipation of a temporary depression in
price. based on the committees action.
The comparative inactivity in Sugar
during the last half of the present session
of Congress is considered to be a stroke
ment the fruits Of which will be realized
once the 4th of March is safely passed.
The trading of the last hour was I'M
changed in character, prices hanging idly
within n fractional radius of opening fig
ures. The market during this period, was
void of any business other than that sup
piled by the cautious trading Of the pro-
fessional operator. The result of the days
developments at the Chicago Gas meeting
and the Senate's attitude on pending legis-
latiCn will cover the entire field of specula-
tive incentive during the balance of the
week.