Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-05-14
FINANCE AND TRADE
Favorable Influence of Better Prices
in London.
DULLNESS DOMINATES TILE DEALINGS
Confidence in Ultimate Results is
Marked.
GENERAL MARKET REPORTS


Special Dispatch 10 The Evening Star.
NEW YORK. May 14.-In sympathy with
the sustained Improvement in the London
market, local prices were advanced from a
to !. per cent this morning Dizziness was
again the dominant characteristic Of the
days trading, the periods Of total inactivi-
ty being more frequent than at any time
of recent date. Commission houses did COM
paratively nothing, and traders were not
disposed to operate aggressively in either
account
Confidence in ultima te results is strongly
marked, but the opinion prevails that in
terest will be saved by patient waiting. The
market has acted very creditably during the
last fortnight, and gives evidence of a will
lngness to respond sharply to any favorable
developments.
Politics continue 10 absorb attention, and
predictions are everywhere made that tho
publication of the st. Louis platform will
antedate a period of profitable activity.
There may be no reason for doubling the
adoption OF an emphatic sound money
policy, but the street is too skeptical on
this point to accept the assurances Of
politicians.
Washington advices on all subjects were
favorable to values. but, usual, merely
operated to prevent declines, no new bust
pess being inspired thereby. The graIger
shares were bought moderately by the
room in anticipation of their becoming
leaders in broader market Concessions
rarely fall to attract moderate demand
for these securities, which in the absence
of extensive liquidation serves to hold
prices almost stationary.
A revival of the buying in Bay State Gas
resulted in substantial advance over first
prices. The recent change in the Boston
Gas situation is regarded as having ma
terially improved the business prospects Of
this company, but il is perhaps a trhe
early to begin extensive stock operations
on this presumption Sugar was bought in
moderate amounts at fractional advances
over yesterdays high level
The market position OF this stock has
rarely, if ever. been better than at present
and, coupled with the prospect of an extra
dividend disbursement during the year, is
sufficient to deter selling for either account
On a large scale.
The offerings of bills drawn against to-
days gold shipments resulted in a reduc-
ton of Il per cent In posted exchange rates
1t is, Of course, too early to estimate ac-
curately the amount of Saturdays gold
outflow. but present indications are not
favorable to anything more than nominal
shipments. The outward movement OF
specie may be reduced somewhat in vol
ume, but is not expect ed to cease entirely
during the present month.
The trading of the last hour was dull and
unchanged in character Traders were
credited with practically all Of the trades
recorded during this period. Closing prices
Were about on parity with those recorded
at the opening Of the session.
Price of silver Advances.
NEW YORK. May 1.-THE free pur-
chases Of silver by the continent IN the
London market is reflected in rising quota
tons for the metal the commercial price
here advancing to Ga IS The inquiry is
chiefly from France and Spain.