Evening star., 1896-03-24
FINANCE AND TRADE
Concessions Throughout the Spec
ulative List.
LONDON PRICES FRACTIONALLY LOWER
The Street Awaiting Advices From
Washington.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, March 24.-The uncertainty
surrounding the legislative situation at
Washington and the prevailing speculative
apathy resulted in further concessions In
all departments this morning. London's
prices were fractionally lower and foreign
| houses were liberal sellers during the inf-
tial trading. An advance of X per cent in
posted rates for foreign exchange contrib
uted its quota to the general depression,
although no immediate danger of specie
shipments exists
Traders offered stocks down on the dis
covery that selling orders predominated and
that tired holders were on the verge of IL
QVid2ting in order to reduce interest
charges during this period of Improbable
Inertia. Sugar attracted the bulk Of the at
ltenticn, a decline of Ia per cent from
opening figures being credited to profit
taking by large interests. 1t is to be noted.
however, that the low level was first es-
tabhshed by traders on the theory that no
| supporting orders were in the market The
| large surplus reflected In the last statement
| OF this company lends color to the various
| fumors relative to an extra dividend during
| the year.
Lower prices in the meantime would not
seriously conflict with the plans of the
manipulative interest and may be encour-
! aged in order to create a profitable pur-
chasing level. American Tobacco is given
| good support during periods of weakness
| IN other parts of the market, and the con-
| tradlction of rumors relative to a cessa-
ton or hostilities with rival concerns has
no eject on the price of the stock Cir
cunstances warrant very cautious trading
IN the property, however, the public is
| not and has not been, for some time fully
| advised Of the inside policy.
| Chicago Gas was advanced ! per cent
| during the day on a moderate volume of
4 buying for the accounts of interests close
ly identified with the management. The
! street has been well supplied with Opt,
! mistic arguments on this property for Sew,
| eral days, belief in the ultimate triumph OF
the consolidation scheme being respoE sibls
for the improved estimate OF its value.
Afternoon advic.s from Washington an,
| nouncing the probable acceptance OF the
| Senate revolutions on the question of CubaI
Eejligerency had beneficial influence OF
the entire market. The best opir ION seenf
| to be that the most that can possibly N
accomplished in this respect is the passage
OF sympathetic measure totally deN old
| OF diplomatic significance, and binding or
| rome. Should the matter remain IN con:
| ference Indefinitely, there would be no re.
gret expressed on the part Of tie Business
community, On which the period of appre.
| hens1on already experienced has heca SEP
| iously feltr--.-- - -
| A revival in general business Is absolutely
| essential 10 higher and broader market
| and some disappointment has resulted from
the backwardness of spring trade 1t is
hoped that evidence will soon he fcrthcom-
| ing of an increased demand for all CLASSES
| Of commodities, and that stock values will
| be advanced SO as to reflect the prosperity
Of the country at large.