Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-01-24
Tendency Toward q Higher Level of
Prices Shown.
WAITING FOR THE new BOND sale
Rumors of a British Cabinet Meet
ing Without Effect.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star

Special Dispatch to The Evening Star.
NEW YORK, January 24.-Stagnation was
more narrowly avoided this morning than
at any time during this week of speculative
inertia. frequent periods Of total idleness
were recorded all incentive to business be-
ing temporarily in allegiance. London's
prices We're irregular, as the result of a con-
met OF opinion On the subject of recent hos
tile diplomatic alliances, but made no i'm
preston on local values.
opening prices were generally above last
nlehts closing average, and were well Gun.
ported throughout the morning, what trad
ing there was being conducted in the in
terest OF improvement. The action of the
iliarhet during this period of dullness is de-
cidediy encouraging, and emphasizes tho
tendency toward higher level, which was
81 lniarked prior to the Venezuelan episode
=. Duflhs the waiting period incident to
the governments bond sale stationary
prices should be regarded an entirely salts.
factory. The sensitive condition. Of th.
money market continues to inspire eau
sioI among traders, but there is almost no
uLsposItion TO operate on the short side of
the market on this account
Inc general recognition of the disadyan-
tases OF short selling at the present level
10 a. least negative argument for the
merits OF the opposite side. There is
weeks interest to be saved however and
the saving in this particular is not likely
10 materially increase the cost of any in
tended purchase.
Rumors of a special meeting of the
BRUSH cabinet were circulated during the
afternoon. but were passed over without
hotlce. The market for foreign exchange
was dull and disposed to be firm during the
settlement or the usual Saturdays mail
transactions. The large foreign bankers
express satisfaction with the outlook for
international operations.
reduction in rates for refined sugars
was amour ced during the morning as the
ohly eHective me ans Of preventing a large
importation of the German product For
eign importations have increased of late as
the result of al advance in the raw prod
ucI necessitating a corresponding advance
IN the American Companys manufactured
grades.
Any advance in refined sugars in the
present state Of the raw market will in
vlte foreign importations, but there can be
little doubt of the American COMMANDS
ability to make equally satisfactory terms
TO the trade. The pool in the stock of the
iatter company held the price well I'D to the
best recent level
In the railway list prices were strong at
fractional net gains. All Of the better class
Oh securities show willingness to respond
10 any demand, and would advance rapidly
in a broader market
Inc Granger group and the high-priced
dlVidend paying shares are most sought .f-
Ter, and In many instances are taken ont
of the market
The investment buying inspired by the
attractive prices which succeeded the De-
cemoer panic has materially reduced the
osnlzed as an important factor when nor
maj conditions are again established
Inc hnal trading was duh but strong
around the days best prices