Evening star., 1895-06-19
A Restricted Volume of Business in
Wall Street.
REALIZING SALES BRING A REACTION
Changers Steady Around First
Prices.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, June 19-opening prices
this morning were steady around closing
figures and subsequently became irregu-
lar under a restricted volume of business.
Trading was confined largely to the room
and was dominated by the reactionary
sentiment inspired py realizing sales in the
specialties Tennessee Coal and Iron in par
ticular.
The price yielded easily during the early
trading for loss of IA per cent and
was extremely sensitive throughout the
day.
Missouri Pacific was strong on continued
purchases by the brokers identified with
the activity earlier in the week, and re-
sponded readily to the character of the de-
mand. The entire Gould group reelected
fractional improvement, but the volume of
business was Insignificant.
The Grangers were steady around first
prices, but reflected some hesitancy on the
part Of traders to continue purchases at
the present level, pending further crop IN
teiigence
The announcement that the control of
New England has virtually passed into the
hands of the New Haven has caused some
apprehension on the part Of the minority
stockholders, whose position under the
transfer of ownership is anything but de-
sirable. The accumulation Of stock, looking
to the control Of the New England system.
was begun many months ago, and all the
ste ck necessary for such purpose was
Quired around, If not under, 40. At the
present level and in consideration Of the
fact that all stock now purchased entities
the holder to participate only in the delib-
erations and purposes of the minority, the
street is inclined to refrain from any trad
ing in the property. preferring to leave the
market position of the stock entirely in the
control of the manipulating interest. Should
the minority stockholders suddenly decide
to liQuidate. which is not impossible, a
sharp decline in price would result.
Sugar was the>feature Of the day, at an
advance Of 3-4 par cent due to indications
of early Improvement in the trade. The
buying was conducted largely in the in
terest Of prominent operator. whose re-
this property.
The resumption CT activity today is gen.
orally regarded as the reopeEing of a strong
campaign in the interest of higher prices.
Distillers was marked up on a fair vol
ume of business as the result of growing
belief IN the success of the proposed reor-
saniZation.
The strength of the foreign exchange
market was commented upon during the
day, indications at present favoring large
remittances during the next few weeks.
The syndicate banks will have to supply
the bulk of the drawings during that per-
iod in order to prevent an outflow of gold
The Adams reorganization committee is
expected to report on the Northern Pa
cific plan at an early date, but owing to
the secrecy employed the nature of the
report is unknown.
1t is considered likely that reduction of
the present capitalization will be urged.
process of particular benefit to the COM
pany's bondholders. The closing was mark
ed by some irregularity, but prices in the
main We're steady at fractional gains.