Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-16
Effect of the Signing of the Anti
Coal Trust Bill.
GRANGER SHARES In GOOD DEMAND
Sentiment Strongly in Favor of
Better Prices.
GENERAL MARKET REPORTS

Special Dispatch 10 The Evening Star.
NEW YORK. April 1e.--Valuss were fur
Their improved this morning under good
volume of business a fair proportion of
which represented outside buying. Lon
dons early prices were generally under
last nights closing level, but foreign
houses were reported to be moderate buy
ers OF the more active international is
sues. Nashville in particular.
The signing of the antitrust bill by Gov
ernor Morton late yesterday afternoon had
a tendency to depress the coal shares dur
ing the opening hour, blu. the decline was
neither permanent nor pronounced. 1t is
possible that the plans of the anthracite
coal roads will have to be radically altered
TO meet the requirements of the new law.
but that a profitable agreement will event
ually be made is not seriously dorbted
meanwhile, speculation in this group of
stocks is likely to be unchanged in char
acter.
The Granger shares were in good demand
throughout the day, fractional advances
Being recorded in consequence. Sentiment
is strongly prejudiced in favor of the long
side Of the market. and it seems reasonable
to expect all new ventures to be made I'm
anticipation Of higher prices.
Sugar was the feature Of the DAVIS b,si
ness, good demand advancing the price
Well beyond 125, the point relied upon in
some quarters to attract wholesale really
ing. The confidence exhibited by pur-
chasers 10 per cent under the present level
VAS not more conspicuous than that re-
hected In today's trading.
Inc present price of the stock has seldom
oeen equaled, but this is a very weak ar
sument in favor of lower prices consider
ing the earning capacity OF the plant and
lts Hberalty to shareholders Twelve per
cent dividends regularly paid and almost
doubly earned have come to be recognized
at something approaching their true value
- me aHairs or the American Tobacco
company are still somewhat conplicared
on the legal side, and the volume OF bus
mess Is restricted somewhat for this rea-
SON. Sales OF the stock for the short ac-
count were less conspicuous than yester-
daY, but the volume of business was not
sig iificant in either direction. Washington
adviceS predicted probable action on the
Pacific railroads bill at this session of Com
gress but the prospect was not taken seri-
ously enough to warrant any extensive
purchases OF the shares directly concerned
The market shows unmistakable evidence
or broadening, and this fact is the most en-
courag1ns of all recent developments The
sales of stocks during The week have been
almost exclusively for the account of room
traders, there being no disposition 10 sell
on the part of large and influential inter
ests. The Cuban matter is no longer an
adverse factor. confidence m a pacihc
course of action being practically general
IN spite CT sensational Newspaper stems 10
the contrary.
The transactions toward the close Of
business were unchanged in character. real
lZng sales by the room causing fractional
concessions in some instances but as usual
these sales were unimportant