Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-14
FINANCE AND TRADE
No Apprehension Regarding Coming
Gold Shipments
FRACTIONAL IMPROVEMENT IN VALUES
Foreign Comment More Favorable
to American Securities.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
this morning were generally steady around
lest nights closing level. slight improve
nent in the demand adding frsctionally to
values as the day progressed. London fails
to respond to the increase in local optimis-
tic sentiment. uncertainty as to the polt-
ieal and legislative outlook inspiring eau
tious trading at that center. Foreign COM
nent on our securities is, however, decid-
eddy more favorable, and should eventually
overcome all fears of a radical change in
our present money standard.
A reduction Of one-half per cent in post
ed rates for foreign Exchange due to a
decreased demand, had a good influence on
the market notwithstanding a tendency to-
ward Indifference on this subject. Further
gold shipments are to be expected, but
there is absolutely nothing in the present
situation to make them a subject for APP
pre- hension.
The volume of commission buying was
said to reflect improvement during the
early trading, and good judges of the mar
ket expressed confidence in an early broad
ening Of the speculative plain. Traders
were disposed to sell moderately on every
advance, but the developments Of the day
were not favorable to such action. In the
absence OF some new and unfavorable oc-
action beyond the limits of traders move
ment.
Sugar was again the feature of the
active list selling up to II on good vol
ume OF buying by interests credited with
possessing the best Information obtaina-
BILE. At one time the sale of over 1890
shares of long stock had a tendency to
retard the advance. but per cent
duction served to limit the extent of the
decline and to bring out new buying.
Realizing sales are to be expected around
the present level. but not to an extent war
ranting an abandonment of the upward
movement,
The closing of the American Tobacco
Companys books Tor the payment of divi-
dends tomorrow is expected 10 result In an
active market for the stock Of that COM
pany 1t Is estimated that the per cent
in cash and the % per cent In scrip re-
Gently declared will be quoted at a market
value of 10 per cent. There is considerable
doubt on this point, however. and small
traders were disposed to close out all in
terests In the property until the manipu-
lative faction establishes a price for the
stock with the dividend features of.
Mar haitian was the most conspicuous
member of the railway list, selling up
per cent on a small volume of business,
accompanied with ruIaors OF pending ia
uttons Of consolidation rpmors are regard
ed in some quarters as being founded on
Just enough fact to warrant moderate con-
fdence in an ultimate combination of great
profit TO the elevated line.
The Granger shares were fairly active at
fractional advances, but were barely steady
at the advance, owing to pront-taking by
the room. ~ 81 'r~ t.rr = aus. s..,r
A growing belief In the futility Of all
antitrust legislation at Albany was re-
fected in a better demand for the anthra-
cite coal shares. No movement of any
magnitude is likely In this group until
after the adjournment Of the legislature
The trading of the last hour was dull and
void Of significant feature. Prices reflected
some frregularity during this period, az the
result Of purely professional operations
Reactions seem likely to inspire a moder-
ate outside demand. however, and should
not be regarded as undesirable in conse-
Quence.