Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-01
improvement in Values Owing to
Foreign Influence.
BOND issue Is REGARDED AS ASSURED
Wall Street Confident of Its Event
in a Few Days.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

NE" 1Otth, FEBRUARY line DuOydnt
tone of the London market, as indicated by
early advices. was reproduced in the local
market, much to the improvement of val
ues and speculative sentiment Advances
varying from to q per cent were pretty
generally distributed throughout the active
list. The covering of large block of short
contracts Of long standing and the sudden
change of front by prominent bear leaders
encouraged the room element in an effort
to advance prices at the expense of the be-
lated bears
The bond issue is now foregone con-
clusion, and to this fact the changed tone
of speculation is directly and solely at
tributable.
An issue of $1OO.OOOOOO per cent bonds
under authority already granted will likely
be offered for sale within the next few
days The President has declared his in
country abroad as well as at home. and
bonds will be offered IN every emergency
which may rise pending remedial legisla-
ton by Congress.
1t is understood that s5OO,OO0,OOO bonds
will be, or possibly have already been. or
dered printed, so that delay from this
cause will be experienced in case the
amount of bonds about to be offered should
need to he duplicated. Local bankers have
been in conference again today with treas
ury officials for the purpose of formulating
an advantageous disposition Of the new
loan.
The matters now under discussion are
details merely. the loan itself being as
sured.
Further Withdrawals of gold from the
subtreasury were reported throughout the
day, but it is impossible to estimate just
how much will be shipped by tomorrow's
steamers, as many bankers contemplate re-
turning liberal proportion of previous
engagements. Exchange rates ruled ct
yesterdays reduced quotations and unless
advanced suddenly will greatly decrease
the outflow of gold, the reduction prac-
tically cancels the profit to the shipper.
Louisville and Nashville advanced l per
cent under a good demand from London
and the. publication of earnings for the
month Of December. showing an increase
Of $35, 100.
The increase for six months is reported
to be $232, 900.
Northwest and Rock Island gained 1 per
cent each under covering and the balance
Ct the Granger group reflected small frac-
tional gains. jersey Central sold up 1-2
per cent at the opening, but yielded to later
Is per cent. The statement of this COM
pany, shortly to be published, is likely to
furnish clue to the motive for the recent
decline.
exception to the prevailing tendency of the
market, selling down l 3-4 per cent from
the elimination of short-lived rally at the
opening. The explanation Of the heaviness
days has already been given in this col
umn. National Lead was marked up on
good buying. the short account being less
conspicuous in the recovery than is gener-
ally supposed.
Chicago Gas gained per cent on positive
assurances from the inside that the difficult
ties Of the Chicago situation have been
successfully overcome and that the new
interest will assume control during the
first half Of next week.
Sugar was strong, but shows no DISPOSE
ton to resume it's old position as leader
gress may be the signal for a sharp turn
in this stock.
The important feature of tomorrow's
crease in the reserve a result of the
hood Of S14O00.0OO will be represented by
the gold movement at the close of last
week and the first half of this, and will
be fully reflected in the statement of aver
ages.
The local banks have lest about $S,OOO,OW
to the SubtreaSury at the clearing house
and the result of the weeks business with
other Cities including the gold movement.
will cost the local institutions about SlO,-
100000 more.
An advance in the rates for call money
has been an important feature of the
weeks banking business. The further can
collation. of gold enga gements during the
final hour gave decidedly strong tone to
speculation during that period and the
highest prices of the day were recorded
during the closing transactions.