Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-11
Opening Prices Lower in Sympathy
With London.
QUEENS SPEECH IN WALL STREET
1t Did Not Have the Stimulating
Effect Expected.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 11.-Opening
prices were uniformly lower this morning
in sympathy with London selling and a
moderate realizing movement in the room.
The depression in the foreign market was
somewhat disappointing. in view Of the
pacific utterances of the queen On the re-
assembling OF parliament. and the pros
poets Of a satisfactory termination of to-
days fortnightly settlements.
Tomorrow. Lincoln's birthday. being
close holiday, the trading element was dis
posed to even up contracts. the fractional
declines throughout the list being credited
exclusively to this pi ecautionary process.
In view Of the liberal proportions of the I'D
vance, a moderate decline from natural
causes is altogether desirable at this juno
tire
There was no pressure to sell at any
time during the day, dullness again being
substituted for an active declining market
The underlying features of the present
speculative situation are unusually salts
factory, and a more substantial recoS-
milton of increased earnings is likely to
follow a more active market. The several
reports already submitted for the first
week of the present month snow encourag-
ing gains over the same period last year.
The Granger shares have thus far full
filled expectations 10 the extent OF this
| Improvement and from present indications
will continue to reflect increases for some
time to come Burlington, Notwithstanding
determined effort in certain quarters to
depress the price in the interest of the
short account. exhibits considerable
| strength, the corn crop yet to move over
| Its lines attracting buyers on all recess
sions.
Missouri Pacific was advanced on the
| denial, made after the adjournment Of to
| days meeting of directors, of rumors rela-
| tive to probable reorganizing of the
| DrODerty movement Il,
| however. the dullness elsewhere preventing
| any active participation by traders.
| Sugar sold down IL per cent on con-
| tinuation of yesterdays selling movement,
| inspired by the Senate amendment to the
| revenue Till and denial of extra dividend
| Iumnrs. The discrediting of cumors of the
| latter nature is not surprising, in view OF
| the Serate's apparent hostility to the pres
ent sugar tariff.
There is no serious apprehension Of the
| proposed amendment being enacted into
| law, however, but the question of distrib-
| utlng the present surplus is wisely post
| poned.
! Money. rat ess continue barely firm at the
| recently reduced level, and indications are
| favorable to a decreased rate for time &C.
| commoda lions in the very near future
| Foreign exchange brokers report only a
| moderate demand from remitters, and pre-
| dict the continuance of a satisfactory rate
| under the specie point.
| Profit taking daring the final hour re-
| suited in the recording of the lowest prices
| VI tiS udS uuIlflB Ildt peTlOO fSOOfu ITdO-
ers were credited with the bulk Of the
| transactions, commission houses assisting
| moderately. The effect of the bond pay
| ments now in progress will be watched
| carefully, asSthe premium on legal tenders
| would indicate that the subtreasury will
be asked to supply considerable gold before
| the transaction is completed.
| Nothing "erious is likely to arise from
such payments as the Morgan deposit will
| offset to great extent the Withdrawals by
small subscribers.