Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-01-31
FINANCE AND TRADE
Active Demand for Coal Roads
Securities.
EFFECT OF SALES AGENTS. MEETING
Bankers Concede Success of the
New Bond Sale.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, January 31-The compro-
mise agreed upon by the several coal presi-
dents at yesterdays meeting inspired an
active demand for the securities concerned,
and again postponed a reaction In the gen.
eral list. Reading and Jersey Central were
conspicuously. active during the early trad
ing at liberal gains over last nights final
figures
Traders were temporarily successful in
forcing concessions from the opening level,
but the character of the buying in these
shares is not such to be affected by
room operations Without regard for the
fractional changes of the next few days
the coal stocks are generally believed to be
on the eve of substantial Improvement.
The meeting Of the sales agents today,
at which rates were advanced from ten to
twenty-five cents per ton over those now
prevailing, was an additional incentive to an
extension of the stock movement.
The buying of the various Southern rail-
way securities was an event of more than
usual Significance, as the welfare of this
property is still dominated by Mr.. Morgan
ana his associates, and indicates desire
on their part for strong market at the
time of the bond sale.
The strength of the entire market during
the week has been justly credited to the
same source, but in no instance has evil
dence of actual participation been so tan
g:ble as in the ecurities mentioned.
The success of the bond transaction is
almost unanimously conceded by bankers.
and it is generally believed that the foreign
subscription will be larger than originally
supposed. Should this latter opinion be
| sustained an cyer-subscription of liberal
proportions is likely. Immediately that the
bond question is determined, legislative pos
sibilities will command attention. and gov
ern to a considerable extent the course Of
prices.
The revenue bill, is depended on to COM
plete the improvement now under way.
but which must prove temporary without
assistance of the character therein pro-
posed. Washington advices predicting the
defeat of the free silver bill We're circular t.
ed during the day, but the best information
does not justify this forecast. Fractional
improvements in values were recorded, how
ever, as an indication of what might be
expected should the report prove true.
The money market showed some evil
dences of an increased demand during the
afternoon, call loans being made up to
per cent, as against Az per cent earlier in
| the day. Values were not depressed during
| his period, however, the highest prices OF
| the day, in many instances, being recorded
! toward the close Of business. Bankers are
| not confident that the middle of the coming
| week Will pass without furry in loanins
| rates. Should the two days preceding the
| bond issue be given over to dizziness, al
now seems probable, the absence of an act
| i've demand would prevent the advance.
| Speculative sentiment is strongly Opt
| mfstiC on the immediate future notwith
! stsndirg the few unde able features nov
| apparent on the surface. If next week
| developments are satisfactory the incentiv,
| to higher prices will not easily be dis
placed by disappointments of average i'm
| pOrtance.