Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-03-06
London Advices Reflected Fractional
Concessions.
EFFECT OF WASHINGTON ADVICEq
q. and O. Establishes a New
Record at Is.
~
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. March 6.-Opening prices
this morning were about on a parity with
last nights closing figures and subsequent
ly became irregular under professional trad
ing. London cables again reflected frac-
tional concessions and brought no note
worthy commissions for either &C count.
Evidence Of a determination on the part
Of the Senate to resume the discussion of
the Cuban resolutions next week had a de-
pressing influence on the general market.
traders hesitating to assume new risks
pending the solution of this embarrassing
Situation. The debate on the belligerency
bin is likely to furnish the only basis Tor
apprehension in connection with the Cuban
revolution, the vote itself not being likely
to cause any alarm. it's result having been
already accurately foreshadowed.
The rumored illness of Mr.. Morgan caused
some selling of the general list during the
afternoon. the report having gained some
credence in the room at a time when evil
dences of lack of support were most pro-
nounced.
The absence of absolute information as
to the correctness of these rumors resulted
in an early abandonment of the selling
movement
Baltimore and Ohio este blished a new
low level during the early trading, sales OF
stock for both long and short account re-
sulting in a decline of 2l2 per cent TO IL.
The frequent offerings of odd lots Indicated
a general incliration on The part OF IN
yestors to take advantage OF the most
practical method Of avoiding liberal as
sessment. The actual needs of the COM
pany insrre a call for further subscr;p-
tion from stockholders. and prudent holders
are not disposed to wait for official adTices
to that effect.
The evening up of traders contracts a
process almost invariably incident to the
weeks closing opera tons, had tendency TO
detract fractionally from early values. The
probable effect of possible legislation at
Washington is decidedly the most discourage
ing phase Of the present speculative situa-
early date would leave little to be desired
in the interest Of improved values. A eau
tious, waiting market, with an occa sonal
squirt in some well-held specially is the
most that the immediate situation promises.
Meanwhile the real owners of stocks are
not likely to curtail present holdings
The predicted decline in American To-
bacco materialiZed this morning to the ex-
inexperienced w;ll profit literally by re-
training from assuming risks in the VIOLA tile
shares of this property. the tobacco war as
yet. being scarcely well inaugurated.
The postponement of a decision in the
pending Chicago Gas mandamus proceed
iEgs against the secretary of state of Illi-
pois until next October inspired some sell
ing of the property concerned. Room trad
ers and houses with Chicago connections
We're credited with the bulk of the days
trading in these shares
The trading of the last hour was mod
erately active, and in a majority of in
stances fractionally under the opening
level. The weakness in the specialties
Iobacco AID Baltimore and Ohio, was re-
sponsible for the temporary reversal in
room sentiment.