Evening star., 1895-04-25
FINANCE AND TRADE
Only the Coalers Failed to Show In
proVement.
COMMENT ON READINGS DEMAND
Changers in Coed Demand at Sub
stantiaI Advances.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 25.-With the excep-
ton Of the coal stocks. opening prices this
morning were fractionaly higher as the re-
suit or further evidences of London's will
lngness to take our securities at the pres
ent level. Early cables reflected general
improvement in the foreign market and
brought valuable commissions to this side
The coal situation is the one inharmoni-
GUS factor in the present situation. Read
ing's demands are considered unreasonab Bile
by the larger roads and will not be acceded
to unless modified. The efforts Of this COM
pany 10 secure Il per cent OF the output is
IN erect tax upon the solvent properties
Tor the purpose Of elevating to the same
level an insolvent and irresponsible prop
erty suffering from the usually lasting ef-
iects OF msmanaSement and unwarranred
ambitions.
All negotiations on the old basis are con-
sidered as Cancelled, but there is no abate-
ment Of the effort to devise a plan on
which all of the interests may unite. The
action of the coal stocks seems destined
to lose its influence speculative fac
tor. the character Of today's trading show
ing unmistakable Indications of a willina-
ness to apply motives from other sources
The strong manipulating interest in Jer-
sey Central is quoted as being entirely
confident that the whole matter will be
satisfactorily adjusted within very few
days.
The Changers were in good demand at
substantial advances over figures, Rock Is
land and st. Paul being especially conspic-
uous at an advance of rs and 3-4 per cent,
respectively. Covering in Northern Pacific
preferred forced the price up per cent to
Fl IA. and elsewhere throughout the ac-
tive list substantial fractions were record
ed. In the Industrial department sugar
was the feature on liberal buying, which
advanced the price beyond 1OS, the highest
point recorded on the present movement.
There is some difference Of opinion as to
the probabilities of a reaction in this stock,
owing to the fact that the stronger inside
interests are credited with having taken
profits, while the trading element have
continued buyers.
An advance in the price Of refined sugar
Is expected shortly. and traders will likely
make an effort to advance the price of the
stock on this announcement. Some good
buying of Distillers advanced the price of
that stock for a gain of more than 1 per
cent. Chicago Gas advanced / per cent
on early trading, believed to have been
principally covering. The firm tone Of the
foreign exchange markets continues in
spite Of the fact that London is credited
with liberal purchases ons this side.
The syndicate's influence is responsible
for this seeming inconsistency, the houses
composing the syndicate being practically
in control of the local market for ex-
change. and the foreign market for inter-
national securities.
The trading of the last hour resulted
In the recording of the highest figures of
the day. Commission orders were plentiful
throughout the session, and no material
recession is considered probable, although
fractional deductions from today's best
mr.