Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-03-13
FINANCE AND TRADE
Demand for General Electric In tho
Early Hours.
EFFECT OF TEE PUBLISHED POOLINL
Awaiting Senatorial Action on the
Cuban Resolutions.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, March l3.-The General
Electric Westinghouse agreement, an
nounced after the close of Yesterdays bust
ness. created liberal speculative demand
for the stock Of the former company dur
Ing the early trading this morning. Open
ing sales aggregated ever six thousand
shares between the extremes of 39Is and
''S@, from which level a substantial re-
auction was recorded. as the result of
realizing sales. good demand was en-
countered at the decline, however, and
subsequent trading was steady, with indi-
cations of Improvement in character
Inc pooling OF the patents owned by the
two companies and an equitable division of
the territory operated i'm will put end to
series OF legal expenses which in the past
have been regarded as a fixed charge
against the income of both properties. The
recent buying Of the stock in anticipati ton
OF yesterdays action is said to have been
for the accounts of strong interests in both
companies, and will not he disposed of
around the present level.
London's irregularity and Indifference
were responsible for general shading off
in values in all parts of the International
list. st. Paurs dividend having been prac-
tcaily assured for several weeks inspired
sales rather than purchases among the
trading element, on the theory that profit
taking i'm the long account would make
short sales profitable.
The evening up of traders contracts
throughout the day resulted in irregular
and spasmodic movements totally void of
significance There is almost no likelihood
OF any material setback in values, but q
period Of dizziness and professional domina-
ton OF prices is practically assured.
Senatorial action the Cuban resolu-
tons will dispose of the most obj ectionable
feature of the situation and will in all
probability inspire a well-distributed de-
~ Tld fen,v mr.. Goa i.N
American Tobacco was again bought by
the interests credited with originating the
recent sharp upward movement, two per
cent advance being recorded during the
noon hour. While the street is filled with
theories in explanation of the unwarrantcd
furry recorded on Wednesday, no evidence
OF the actual incentive has been submitted.
That two strong forces organized for
purposes directly opposite came into COL
lison mas never been doubted, consequently
the frequent recital of this patent fact 10y
inside interests serves no purpose as an
explanatory argument. The antitrust
manufacturers insist that the situation is
unchanged and that a commercial war still
exists, with every prospect of its becoming
more fierce The over-prompt action of
the Tobacco directory H. passing the Eeb-
ruary dividend suggests the possibility of
an equally prompt return to the dividend
list within the next few weeks.
This action would result in a substantial
advance over present prices, and would UNI
doubtedly be followed by a sharp decline
as the result of a general selling of the
larger holdings.
In view of the extreme risk involved the
speculative public will do Wen 10 let those
IN possession of the facts have the market
exclusively to themselves.
The trading during the last hour was
dull and entirely confined 10 the room. The
sentiment of the conservative element was
generally favorable to purchases Oh re-
actions. but there was no evidence of any
disposition 10 trade extensively for either
account.