Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-03-05
FINANCE AND TRADE
London Advices Reflect Fractional
Concessions.
A BUYING MOVEMENT IN BURLINGTON
Its Future Coupled With the
Prospects of Corn.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, March 5.-The almost total
absence Of a non-professional demand for
railroad shares resulted in a narrow and
uninteresting market this morning Lon
don cables reflected small fractional con-
cessions from last nights closing level. and
We're unaccompanied by any considerable
volcme Of buying orders.
The strength of the general market dur.
ing the periods Of the least activity augurs
well for the stability of the present move
ment, weak spots rarely falling TO come to
the surface during period of disinterested
tradings.
The short interest in Burlington was re-
sponsible for a gain of IL per cent from
opening prices, the buying for this account
being conspicuous throughout the day The
street is at present abundantly supplied
with a variety of conflicting predictions az
10 the logical course Of these shares. In
some quarters the somewhat inconsistent
position of believing in higher prices for
corn anc lower prices for Burlington is
manifested, notwithstanding the fact that
III the corn cribbed along the line of this
property could lind market, its financial
condition would speedily right itself
In almost every instance the conservative
element Is strongly opposed to short selling
al inns lveei except for a traders turn.
piODdbit uOfGlIatiCE Oh Baltimore
and Ohio affairs by Mr.. Morgan was re-
garded as substantiating the recently ex-
pressed opinions of an ultimate consolida-
ton with another railroad property I'm adj
yacent territory. AS practical recapital-
ization of the road will be necessary to
provide for the payment Of outstanding OBJ
hsatlons the certainty of a liberal assess
ment inspired rather free selling through
out the day for both long and short ac-
count.
The decline during the first half CT the
DAY extended to 3l2 per cent, from which
Cn'y partial recovery was recorded Should
Inc abSnrdly low prices incident to the re-
organization of Richmond Terminal be du-
pHcated in the case of this once powerful
corporation, financial circles would be
scarcely surprised. In view of this un der
standing of the situation, Baltimore and
OHIO VIII only influence the general mark II
by developing favorable features
In the industrial list American Tobacco
has Inc ture, the covering of short stock
temporarily advancing the price TO as from
W hlch Ii Immediately recaied Under new
selllng. An advance in the coinpany's spe-
cial brand of chewing tobacco to a price
equal 10 nve-cent advance per pound over
last years low level was passed over with
out significant attention.
The antitrust manufacturers are reported
TO DE busily engaged in the DEVELOPMENT of
plans to force a spirited rate war i'm the plug
product. Sentiment continues to be preju-
dlced against an advance in the shares Of
the American company.
the trading of the last hour resulted i'm
lower prices in a Majority of instances, room
operators being credited with practically
all of the business recorded during this De-
riod. The failure OF a small trader was an
nounced late in the day, but the market was
not influenced thereby