Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-02-24
FINANCE AND TRADE
Reports Of Railway Earnings SHOW
Increased Traffic.
LARGER DIVIDENDS ARE INDICATED
Prices Were Well Sustained
Throughout the Day.
GENERAL MARKET REPORTS

Special Dispatch TO The Evening Star
NEW YORK, February 24-Opening prices
this morning were generally steady around
fridays closing level and were well sus.
tanned throughout the day. London was
again buyer Of Louisville ard Nashville
and St Paul, but not to the extent predict
ed at the close OF last weeks business
Foreign interest in American securities
SHOWS no indications of abatement, how
ever ana an increasing demand from
ABROAD is relied upon to assist the adyanc-
ing movement now SO well established
some sales of long stock, presumably in
Eestnent holdings. were noted during the
first half of the session, hut all offerings
We're quickly absorbed without detriment
TO values. The volume of commission buy-
ing was slightly improved and careful pur-
ehaSes OUTSIDE OF the room are at last as
Stunning proportions worthy OF notice
Inc market has not hroadened sufficiently
10 overthrow professional dominat ion but
the tendency tow ard Improvement in this
aging.
The several reports OF earnings submitted
auias the osy indicate steady increase in
tramc along the lines of the better eaupped
properties and in some instances warrant
an increased dividend disbursement in the
very near future. This latter prospect has
Deen largely responsible for the recent re-
markable strength of several members of
NE active railway list. st. Paul and North
west are demonstrating their renewed pros-
h,ioush tHe pIdcucal medium OF
balance sheets and are consequently receive
ing strong support from the larger OPERA
tors. BurlingtCn's progress is retarded
someW What by the frequently expressed dis
appointment as to the volume of grain ton-
mage reported up to the present time but its
| action during the last day or two increases
confidence In ultimate results.
sugar was literally traded I'm up TO
neg, the highest point reached in the
pft Sent movement and 1ia per cent above
| Initial lsures. Some realizing was in
spfeu around this high level, but no eyi-
dences of a desire to close out the holdings
OF the largest interests were visible. Based
Oh intrinsic value alone the present adj
tanclng movement is not likely to be ADAM
doheu without first establishing a new
ton is always to be dreaded of course lint
beyond reaction for the purpose of ac-
cumuiatinS stock there is little likelihood
| or any material setback for the present
Inc bond market continues to reflect
general desire TO employ idle funds ana
the usual argument relative TO the stock
markets attracting the balance of such
funds after the bargains I'm the bond
market have been exhausted is again in
circulation
The foreign exchange and local money
SITUATIONS are progressing steadily toward a
thoroughly satisfactory basis. The fact
that hut a trifie over twenty millions re-
mains TO Toe paid on account of the govern
ment bond transaction. practically insures
immunity from any monetary scare based
on the final payments.
If four-fifths Of the amount involved has
been deposited without embarrassment to
any of the parties i'm interest the remaining
one-fifth should certainly cause no appre-
hension. All things considered the finan-
cial outlook is encouraging notwithsiaad-
ing the manifest unwillingness on the part
OF the present Congress to attract any
credit In the premises 10 itself