Evening star., 1896-02-21
FINANCE AND TRADE
London Bought Moderately Of Inter-
national Issues.
STRENGTH OF GOVERNMENT BONDS
Granger Shares the Active features
of the Day.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK. February 21.-The improved
foreign demand for local securities was not
accurately reflected during the first half Of
today's session, owing to a disposition on
the part of the trading element to take
profits over the holidays London again
bought moderately of the International is
sues and had liberal inquiries in the bond
market. Fractional concessions were re-
corded during the early trading, but at the
decline a good commission was noted. and
confidence in the stability of the upward
movement exhibits all the outward signs Of
increasing.
The latest contribution to the fund Of re-
operative arguments is the strength OF
the new government bonds and the several
reorganization schemes now In operation,
the success of which is largely dependent
upon complete restoration of confidence.
Actual conditions are constantly improv-
ing. and coupled with this assurance is
the evident intention of the financial inter-
ests, now most heavily concerned with the
business of repairing the ravages OF the
several panic periods to make the most of
every stimulating incentive.
The granger shares were the active fei-
tupes of the days transactions the entire
group selling up under a good volume OF
legitimate buying. The foreign demand FOR
St Paul and the anticipated Improvement
In Burlinston's earnings make both prop
critics desirable to a large class of COLI
servative and patient operators.
The low-prtced securities, many of which
are included in the reorganization list are
in good demand whenever the general
market becomes active.
The bank abatement, issued one day
eG rlier than usual on account of tomorrows
holiday, and consequently embracing only
five business days, reflects important de-
creases in all the principle items. The pay
mentr made in settlement Of the bond
transactions are reflected by a loss Of ever
S9,OOoOO1 in lawful money. two-thrds of
which is in specie.
A decrease of over six millions i'm loans
transactions. As the result of the decreases
IN the Items named, large decrease, over
eight millions. Is recorded in the surplus
reserve. reducing that fund to 81. s.Sbu.UO
Present Indications point to continuation
of this declinig average until the final pay
lnents are made on account of the purchases
of the new government loan.
In the industrial list Sugar and Leather
preferred We're the active features, the lat
ter under covering by the room. The Cuban
agitation in Congress and the evident iiffer-
ence of opinion to its probable effect
should the insurgents be accorded the
recognition demand, had a tendency TO re-
strict trading in Sugar without materia1y
affecting the price. The market position OF
this stock as not considered to be vulner-
able at any point, unless the appearance OF
Nulnerablity is deemed expedient 10y the
manipulating interest.
The trading of the last hour wes dull
and largely confined to the room Prices
Were steady, and in many instances at net
gains over those first recorded. Should no
unfavorab1e diplomatic contingencies arise
over the holidays the market should con-
tinue to improve, without significant set
| some indication of taking profits on pres
ent holdings.