Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-06
FINANCE AND TRADE
Uniform Advance Throughout the
Speculative List.
RAID OF THE BEARS Was RESISTED
Prospect of Grain-Carying Roads
Encouraging.
MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, February 6.-An increased
volume of commission business, inspired by
the success of yesterdays bond transaction,
resulted in uniform Improvement through
out the active speculative list this morning.
London failed to respond to the local en-
thusiasm, and sold moderately during the
early trading. All offerings were quickly
absorbed and the evidence of profit-tahing
so conspicuous just prior to the noon hour
were soon dispelled. The extent of the
advance relied upon to force a sharp
reaction Immediately the success of the
new loan became a matter of general
knowledge, but all attempts at depression
were stubbornly resisted.
Money is again available in large sums
at low rates of interest, and all the usual
speculative factors are once more in har-
mony.
Earnings continue good and the prospects
OF the corn carrying roads are decidedly
encouraging. The preference for these
shares has previously been noted and
shows no Indications of abatement. ST.
Paul sold off mod erately during the first
hour under realizing sales. but was in good
demand at the decline. Fifteen Thousand
shares sold to take profits were bought in
by the seller for new accounts.
The transactions in Reading Were some
what disappointing, a decline of Ia per
cent following a moderate selling move
ment. The street is confident of satisfac-
tory developments in the anthracite coal
situation and regards the temporary set
backs throughout the coal group as of
small moment
In the industrial list Sugar was the feat
ure on a large volume of business. Really
ing sales depressed the price one per cent
during the first hour, but sudden demand
later in the Gay established the highest
level recorded in the recent advance The
German export bounty bill is regarded
merely as a possible cause of delay in the
completion OF the bull campaign now in
progress The several remaining specialties
IN TINS department Were strong on an aver
age volume of business.
The decline in the gold premium TO Ia
of l per cent ano the probabilities of its
early disappearance was an encouraging
but perfectly natural feature of the days
developments. An advance of y per cent
III posted rates for foreign exchange was
the result Of an increased demand, permit
ted TO accumulate pending the settlement
OF the bond transaction.
Geilef IN revival of activity, with a
tendency toward higher prices. is alr.-sft
general among the larger operators, Tut
the desire for a reaction is still marked in
certain quarters.
On concessions it is more than probable
that a legitimate outside demand will be
disclosed ana the advance be resumed
without important delay. Senatorial ac-
ton on the revenue bill is needed 10 re-
move the doubt as TO the probable time
allotted to the treasury for the retention of
the rev gold supply. Washington adj
vices are consequently likely TO exert an
important influence on values for some
time to come.
At the close of business sentiment con-
tinued favorable to furtner Improvement.