Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-15
FINANCE AND TRADE
Fractional Concessions Throughout
the Stock List.
Yet HIGHER PRICES ARE LOOKED FOR
influence Of Anti-Silver Legislation
Expected.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. February 15.--In attempting
to market stocks this morning the profess
sional trading element disclosed the signifi-
cant fact that the buying power decreased
in direct proportion 20 the Increase in the
realizing tendency. Fractional concessions
were consequently almost general through
out the active list, but not to such an eX-
tent as to materially influence sentiment.
On the theory that the real significance of
the defeat Of silver legislation will sooner
or later be recognized IN foreign money
centers, and that owners of securities viii
demand considerably higher prices for their
holdings, the trading element is confident
of its ability to force a higher level Of
values
The market will be less One-sided than OF
late, however, and reactions viii be more
frequent, out ultimate results viii literally
compensate patient holders. AS examples
of the irregularity, which has developed
during the week Manhattan and Missouri
Pacific are the more conspicuous and dem
onstrate the fact that traders are dis
posed to discriminate between securities on
the basis Of earnings
The report OF the former company for
the. quarter ending December 81 reflects a
surplus after charges of S3y9,I25, as COM
pared with sos. $50 for the same period one
year ago.
The serious competition OF surface roads
and evidences OF liberal sales of long stock
Whenever the market Will absorb the supply
nave combined in attracting a fair specuia-
1--WE selling movement to this property.
The selling movement is perhaps restrict
ed IN value by memories of what the road
once was, but those who have overcome
sentiment are no longer classed among the
Optimistic friends of the property. The de-
cine OF 3lz per cent this morning was &C
compllshed on relatively small amount Of
feature, proit-takirg on the weeks business
having no effect on the price Of the stock.
i he prospects for a material advance in this
property have seldom, if ever, been so graft
flying as at present.
The company is doing a good normal
business which is certain to improve dur
ing the coming season, and is practically
exempt from all forms of legislation In
some other parts Of the Industrial list not
ably, Leather preferred sentiment il
strongly opposed TO improved prices
The bank statement is largely a reflection
OF inc weeks operations in connection
with bond payments. The loss of over sew
en- millions IN specie reflects the amount
subtreasury.
A gain of nearly four millions in legal
tenders is attributed to the policy of he
several government repositories in taking
notes OF this character in exchange for
coin deposited. The increase in loans a
trifie over three millions is due largely 10
the bond transaC tion and is practically off,
set by the net loss in cash. As the loss in
cash is fully reflected in the surplus that
item is reduced TO about $51,0g0.95a
The increase in the treasury reserve in
GLIDING amounts held by authorized agents
land which will be accounted for .iurinL. he
coming week, should bring the federal coin
holdings up TO the established limit