Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-03-13
FINANCE AND TRADE
Demand for General Electric In tho
Early Hours.
EFFECT OF FHE PUBLISHED POOLING
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 13.-The General
Electric Westinghouse agreement, an
bounced after the close of yesterdays bust
ness. created a liberal speculative demand
Tor 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 39lk and
::'Sz. from which level a substantial re-
duction was recorded. as the result of
realizing sales. A good demand was en-
countered at the decline, however, and
subsequent trading WAS steady, with indi-
cations of Improvement in character.
The pooling of the patents owned by the
two companies and an equitable division of
the territory operated in will put an end to
series of legal expenses which in the past
nave been regarded as a liked charge
against the income of both properties. The
recent buying of the stock in anticipation
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.
Londons irregularity and Indifference
were responsible for a general shading Off
IN values in all parts of the International
list. St Psurs dividend having been prac-
tcaily assured for several weeks inspired
sales rather than purchases among the
trading element, on the theory that profit
taking in 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 a
period of dizziness and professional domipa-
ton of prices is practically assured.
Senatorial action the Cuban resolu-
tons will dispose of the most Objectionable
feature of the situation, and will in all
probability inspire well-distrbuted de-
mand from non-professional sources.
American Tobacco was again bought by
the interests credited with originating the
recent sharp upward movement, a two per
cent advance Being recorded during the
noon hour. While the street is filled with
theories in explanation of the unwarranted
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
lson 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
upc harged and that commercial war still
exists, with every prospect of its becoming
more fierce. The over-prompt action of
the Tobacco directory in passing the Feb
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 un-
GOubtedlN 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 well to let those
in possession of the facts have the market
exclusively to themselves
The trading during the last hour was
dull and entirely confined to the room. The
sentiment of the conservative element was
generally favorable 10 purchases on re-
actions, but there was no evidence of any
disposition to trade extensively for either
account.