Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-05-28
FINANCE AND TRADE
Intelligence From st. Louis Has q
Depressing Effect.
PRICES YIELD THROUGHOUT THE LIST
Comment on the Govemmentr
Loss of Its Suit.
GENERAL MARKET REPORTS

Special Dispatch 20 The Evening Star
NEW YORK, May 2s.-The depressing In
fiuence Of the lays intelligence from St
Louis was clearly marked in the speculative
undertone this morning Prices yielded
fractionally in a. parts of the list, and there
was little disposition to assume new obli-
cations. The grain-carrying roads. Louis.
willie and Nashville and Southern preferred,
were the active features of the railroad
list, at declines varying from y to j per
cent.
Probable gold shipments were again a
source of much uneasiness among Traders,
early estimates fixing Saturdays outflow
at $4,000" Later advises, based on
careful canvass OF the larger exporting
houses. materially reduced these figures
One house relied upon 10 ship consider
able sum has been relieved of the necessity
for such action. temporarily, at least
The exchange market continues firm
under meager offerings and remltters have
abandoned all hope OF the immediate ap-
pearance Of drawings against recent sales
of municipal bonds in London. The ex-
tremely low rates for money coupled with
the unsettled speculative outlook. is not
encouraging to a profitable employment of
foreign funds. and drawings against credit
in local institutions may serve TO hold ex-
Change rates near the specie point
The failure OF the government suit
against the Joint Traffic Association was
generally regarded as a decidedly encour-
heretofore seriously impaired the efficacy
or associations of this character.
Washington aivices foreshadowinE a pos
sible Legislative attack on Sugar result cd
In sharp decline Of In per cent in The
price of that sock. At the decline a fair
buying demand was encountered resulting
In a partial recovery Of the early loss
Laclede Gas was weak under selling in
spired by the reported loss of property in
st. Louis, but the volume of business was
extremely limit ed.
Traders were unassisted in estimating
values during the greater part Of the Gay
the uncert ainties relative to soli shipments
and the political situation inspiring caution
among the conservative nOn-profess!onal
element The evening up Of contracts re-
suited in occasional fractional rallies but
no significant buying was reported at any
time during the day.
There are, perhaps. no ror.,es actively
operating TO the material de,riment or
values. but the present Rck Of interest on
the part of investors inspires no confidence
IN immediate, sustained Improvement
Should Congress adjourn during the next
ten days, is predicted in crrl lin quar-
tiers. an upwarc movement in values might
he recorded from that date until the con-
Nening OF the St Louis conven ion
The course OF prices from that time on
" Ill be influenced 10y the nature OF tn, Mat
form adopted 6n6 the expression Of Doliey
on the part OF the nominee. Present midi
cations are favorable TO satisfactory re-
suits in both particulars The trading OF
the last hour was dun and uncheuue1 IN
character fractional net declines preyail-
Ing in almost every instance.