Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-25
FINANCE AND TRADE
Effect of Agitation of the Venezue-
Ian Question.
VALUES FRACfICNALLY IMPAIRED
Confidence Pronounced in Well
Informed Circles.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK. April 25-values were frac-
tonally impaired this morning by further
agitation OF the Venezuelan incident and
the possibility of an attempt to revive the
tariff debate at Washington. Neither of
these factors merits the consideration now
given them, and concessions based thereon
are apparently destined 10 be of tempo
rary duration only. In well-informed cir
cles confidence in an advancing market is
still pronounced. and no pressure to sell is
reported from any source. Traders may
continue to take profits for a day or two,
but sentiment is not likely to be influenced
by such action.
Sugar was the active feature of the days
trading, the effects of yesterdays liberal
realizing and further selling of long stock
being reflected in a moderate decline in
price during the first hour. Subsequently a
good demand was reported from sources
recently credited with liberal selling and
the presumption is not unwarranted that
the bulk of yesterdays sales will be repur-
chased i'll the very near future
The disposition on the part of Congress
TO work tremendously for early ad-
1ournment precludes the possibility of any
tarin legislature at this session. An in
definite exteIsion of time. however, would
not materially increase the probability of
any hostile action against the sugar indus
try.
a decline Of IA per cent in Missouri
Pacific. due to a decrease of $34.Jo0 in earn
ingS for the third week In April had
depressing influence on the entire Granger
group. The selling was not Sgnifican: in
volume, and in all probability will not be
resumed during the coming week.
London's attitude will continue to be
factor Of considerable importance, local
transactions, especially in railway shares,
eing influenced by the foreign estimates
Of value. An advance in British consols
during the day and general Improvement
In the foreign markets resulted in moderate
advances in International shares. Should
foreign houses resume purchases next week
an almost immediate recovery In local
values may be relied upon.
The bank statement reflects an increase
OF more than three millions in lawful
money, mostly in legal tenders. An in
crease Of over a million in loans is signifl-
cant. and indicates a more liberal treat
ment of mercantile borrowers. An extern
sion Of trade incident to the new season
and the assurance that money is to be had
at moderate rates should be advaata geous-
ly reflected in stock values.
The political situation is daily becoming
more and more of a consideration, and II is
encouraging to note that thus far sound
money platforms have received an enor-
nous majority.
Both at home and abroad the tendency
to perpetrate the national credit should In
spire confidence in all classes Of me.itor-
iCus securities. Locally. perhaps, no SER
icus doubts have ever been entertained on
this subject, but undoubtedly foreign par
ticipation in our markets has been cur
taileI by the sectional demands for radical
changes in the national currency.
The outlook in this and other significant
particulars is, however, regarded as being
encouraging. and no considerable decline
in values seems likely while the present
tendency 10 purchase on all reactions ex-
lists