Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-06-05
FINANCE AND TRADE
Politics Seem Likely to Dominate
Speculation.
AWAITING WASHINGTON ADVICES
What is Apprehended Of Foreign
Holders of Securities.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star
NEW YORK, June 5.-Prices were ed-
vanced this morning under the covering OF
short contracts, a revivsl of sound money
arguments inspiring a more confident nm
dertone. London contributed almost noth-
ing 10 the volume Of local business the de-
lhahd from abroad having been withdrawn
pehdihg the appearance of better local sun
port Pohucs promise TO dominate specu-
40 loh 10 the exclusion of all other forces.
anu present Indications are that neither
account will be wholly benefited therein,
"hateVer enthusiasm may be inspired M
ST. Louis is liable to yield almost ir,r,..1i-
htely 10 the prospective action al CbIc.,,
Inc significance Vf the action To ba tsl,,
III the latter city is becoming mora a.
parent from day TO day. Washington a5-
vices INDICATE an early dissolution of Con-
siess, put the exact date is still undstsr
mined. The really essential factor IN N
telhgence of this character is copsaoIs,.I,,
lacking '''iIH
Inc market for foreign exchange sbou,s
an encouraging tendency toward lowe,
rates, ard the gold outflow II ,,or,,,, -,
MOI unusual conditions prevail should fan
eff materially in volume, The darro. .
DE contended against at this functura "a
ohlclaI expression favoring a more extern
sive use Of silver and withdraw po15 rr,.--
ally again st sales of our securities Ex
change conditions are consequently not
likely to be accurately defined until after
the two party platforms have been sub
United to the test Of popular approval
The report submitted to tire rapid tran
sit commission by the special COMMITTEES
or Manhattan directors was utilized to
good purpose against q sensitive short in
teIest. Under fair volume of business
the bulk Of which was credited 10 the short
account, an advance Of ~ per cent WAS re-
corded. The proposed plan provides for
liberal extensions into all parts of the
city, the adoption of modern motive power,
presumably electricity, and a maximum
speed OF twenty-five miles hour
The new equipment Is estimated to cost
at least $Jvb.vDo per mile.
A more active demand for all grades Of
refined sugars, coupled with the prospects
Of an early adjournment of Congress, re-
suited in a sharp upward movement In
sugar certitcates during the afternoon The
volume of business assumed proportions
justiiying the presUmt:on that powerful in
side interests were again active. Around
ia considerable stock was marketed.
The general speculative list notice
ably strong throughout the day. but the
nature of the demand scarcely warrants
confidence in any material extension Of the
movement.
terday, were not entirely in harmony. The
reports now being made are as whole
reasonably satisfactory, an Improvement
in general business conditions guaranteeing
improN emeat in This particular.
The trading of the last hour was the
most active Of the day. the usual evening
up of traders contracts being a signif-
Sentiment at the close of business was
less pessimistic than DIT any time during
the week.