Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-10
Washington Advices Have an Inn
proving Influence on Values.
VOLUME OF BUSINESS Was LIMITED
The Cuban Situation Regarded
With Greater Satisfaction.
GENERAL MARKET REPORTS

Special Dispatch to The Evening star.
NEW YORK, April 1O.-A reduction OF
X per cent in posted rates for exchange.
due to q decreased demand and marked
improvement in the tone of Washington
advices. resulted in higher prices In all
parts of the active speculative list this
morning. The volume Of business. how
ever. was almost exclusively professional.
the repurchasing OF yesterdays sales being
the one noteworthy incident
The total transactions Of an active thirty
minute period In a less professional mar
ket would, ordinarily, exceed today's rec
ord up to the close CT the noon hour There
has been no pressure to sell at any time
during the reaction Of the last forty-eight
hours, ard values consequently respond
easily r. any improvement in the demand.
Should the Cuban incident progress along
lfEee now regarded probable, neither
diplomacy nor speculation IL likely to SUI
Ter IN the smallest degree. Sensationalism
Is to be guarded against, OF course but no
serious complication of affairs seems likely
IN view OF recently acquired knowledge
from which important deductions favor
able to values have been made. The most
lamentable need OF the present speculative
situation is an increased demand from nom!
professional sources. but this essential req
uisite cannot reasonably be expected to
materalfZe while credulity remains to in
spire ekaggeration as to the granting of in
terEatiOnal controversies.
The prospects foi profitable season are
generally admitted to exist in railway
circles. and while traffic is tardy in many
instances, assurances are not lacking that
merchandise In large quantities is awaiting
shipment. The daily reports OF earnings
continue to substantiate this view, St
Paul. as usual, leading with large net
gains. Burlington is being bought by
strong speculative interests on an encour-
aging outlook for the remainder of the
year. and in the opinion of many few
ste cks will give a more satisfactory ac-
count OF themselves on the revival Of ac-
tivity. Coupled with improved earnings q
stubborn short inter est will be forced into
the list OF arguments, warranting an ad-
vance.
Sugar was the most active feature of the
day. selling up on good buying by brokers
recently credited with profit taking. The
speculative position of this property is such
as tc inspire great confidence in the ulti-
mate ortcCme Of a somewhat protracted
campaign on the long side of the market.
ttnue to operate as an inducement to pur-
chases on all concessions recorded during
e normal period. A revival of rumors rela-
tive to an early dividend disbursement by
the Chicago Gas Company are credited
with inspiring the recent buying Of that
stock.
The legal distractions are said to have
been overcome. but the prospect Of an in
junction at the last minute makes the
average operator extremely cautious as to
the amount of his purchases Eventually,
however, the surplus earnings of this prop
erty will be eQuitably divided among stock
holders. The trading of the final hour was
unchanged in character, and stagnation
was at times narrowly averted. The
strength Of the market during periods of
dizziness argues well for the probable
course OF more active trading.
Washington advices are relied upon to a
very considerable extent to supply all the
more pressing wants Of the present situa-
ton.