Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-04-27
Fractional Advances in Prices Over
Last Weeks Figures.
LONDON CABLES MORE ENCOURAGING
Effect of Washington Advices Re-
garding Tariff Legislation.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star
NEW YORK, April 27-Opening prices
this morning were generally steady at
fractional advances over last weeks final
figures. London cables were somewhat
more encouraging in tone, but no signifi-
cant purchases for foreign account were
reported Traders Were in control of the
market during the morning, and operated
cautiously in both accounts. The Venezue-
Ian incident has not entirely disappeared as
an adverse factor. but its influence is not
likely to be prolonged beyond the middle
OF the week
Washington advices announcing the prob
ability of a second attempt to enforce the
free alcohol clause of the Wilson tariff bill
had a tendency to restrict speculation
somewhat, Notwithstanding the assurance
that no new tariff legislation is considered
possible at this session.
Sugar was particularly sensitive to these
advices, an amendment to repeal the pres
ent differental duty being depended upon
to counteract the aggressiveness of the
free-alcohol party. Later in the day the
stock was in good demand up TO 10, on
the theory that legislation against the
company must fail in he long run and that
the sentimental decline had about run its
course. 1t is worthy of note, however, that
while influential interests continue to form
the long size Oh lfle sugar market the
large sales of last week have not been re-
purchased.
There will be an extensive demand for
the stock in all probability the moment
that legislative possibilities become trifie
more in accord with the main situation.
In the railway list prices were advanced
fractionally under demand from the room
and moderate commission buying.
An advance in Omaha securities was
feature Of the transactions in this depart
ment, an fmpor tant traffic agreement being
contemplated whereby the company will
add subs tantially to its present revenue
An encouraging increase in April earnings
also contributed to the movement.
the Granger shares were well supported
at prices considerably superior to those re-
corded at the close of Saturdays business.
but attracted only moderate volume OF
business.
Should earnings throughout this group
equal present expectations an active market
for the several issues represented seems
likely. Arguments in the injunction pro-
ceedings against the American Tobacco
Company were scarcely regarded as fac
tor in determining the value of the prop
erty.
Manipuiative buying resulted in an ad-
vance of lia per cent in the price of the
stock, ana tic impression prevails that i'm
portant inside developments are pending.
The course of the stock is too uncertain TO
warrant action on the part Of outside in
terests
A recently organized bull pool in D.stillers
was credited with the responsibility of a
moderate advance in the price of the stock
of that company. The bringing out of the
new securities of this company is relied
upon to establish a moderately higher
spe culative level. The market for foreign
exchange was reported to be trfie firmer
in tone the result of fair demand and
decreased supply of commercial draw
ings.
No important gold transact are con-
sidered probable during the week