Evening star., 1896-04-06
Fractional Additions to Values Dur
ing the Early Hours.
COMING GOLD SHIPMENTS OF NO EFFECT
Awaiting Vote on the Cuban Reso-
iutions.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Bvening Star.
NEW YORK, April IA moderate in
crease in the volume of commission buy
ing and continued confidence In improved
business conditions resulted in fractional
additions to values during the early trading
this morning. Tomorrow's outward move
ment of gold. aggregating $S00.OO0 had
practically no significance as a speculative
factor. The total absence Of surprise in
connection with this transaction prevented
any demonstration against values. Fur
ther shipments are almost certain. but the
present margin OF reserve over the $780,
100000 limit is not likely to be seriously
menaced.
The vote in the House on the Cuban res
oluttons conformed strictly with general
expectations. but traders sold stocks In an
tfcipation of some resulting diplomatic
complication with Spain. Fears of a presi-
dental message were also entertained. but
the absence of any necessity for such
document gives reasonable assurance of
its superfiuity being recognized by the ad-
ministratton, and of the Incidents being
closed without further significant comment.
The market tendency toward substan-
TALLY higher rates for iron inspired con-
servative buying Of the pro 1ucing and trans
porting properties. Tennessee Coal officials
report brisk demand for the company's s
ther contracts are to be signed without the
rate having been especially determined by
the executive committee.
The meeting of committee called for to-
day, Is for the express purpose Of advanc-
ing rates from IS cents to 81 per ton. The
Improvement in this Industry, # continued
on the present scale, cannot fail Of signifi-
cant results in all departments of trade
and finance. Activity iE iron was an i'm
portant feature Of last springs market
and circumstances are favorable to a du-
plicat.on of the results incident to tnat
period. The granger shares are in good de-
mand. particularly Burlington, and will COM
mand d good following during an active
speculative period.
The short interest in Manhattan was
again among the conspicuous purchasers of
that property. the ole stories relative to
the making of an actual offer for the con-
troll being revived with good effect. Re-
peated denials OF the proba bility of the ac-
certance of any offer yet submitted are
respected only after the liquidation of the
short account has been accomplished.
Sugar was prominent feature of the in
dustrial list, selling up over 11a, the high
est point reached during the year. There
Is no evidence of any long stock, in signifi-
cant quantities., pressing for sale even at
the present level The fact that the stock
Is selling very near all recen: high levels,
however. makes purchasers somewhat eau
tiGuS.
AS London has not participated in local
stock operations since Thursday last the
revival OF foreign business tomorrow is
awaited with considerable interest. Should
foreign houses come in as buyers around
the present level. prices should be very
favorably influenced.
The action of the Senate subcommittee
on Pacific railroads in agreeing upon a hill.
will furnish a basis for renewed activity in
Union Pacific, in which considerable good
puyinS mas already been noticed.