Evening star., 1897-03-20
Local Prices Not Much Influenced
by Foreign Apprehension.
ATTACK MADE ON JERSEY CENTRAL
Coal Shares Were SympatheticaIIy
Weak.
GENERAL MARKET REPORTS

Special Dispatch to The Evening star
NEW YORK. March D-Foreign stock
exchange markets continue to reflect tho
tension caused by the uncertainties Of The
eastern situation. and consequently do not
contribute to the support OF local values.
fractional decline In consois ana small
concessions in the American department
were reflected in early morning cables. but
attracted little local attention. Traders
covered yesterdays sales during the OPEN
Ing hour. prices advancing I'm almost every
instance in consequence.
The Improvement gave way TO realizing
sales during the nrai hour and irregular
net changes Cor the day resulted.
New Jersey Central was opened on under
manipulative tactics. recovered one per
cent OF the early loss and closed under its
BEST price. Rumors OF a reduced dividend
for the current quarter. inspired by the
recent disclosures OF Its financial condi-
ton. accompanied the movement.
The entire trading element Is acting har-
noniously In the effort to force a lower
level for this property.
The coal shares are sympstheticalfy
weak during the attacks on this vulnera-
bic member of the group. and. as a class
are not In harmony with the prevailing
optimistic sentiment.
ties have attracted attention during the
closing hours OF the week. but TO really
significant selling has been reco orded The
customary contingent OF filters had assumed
such proportions that In some Qusrters the
rtse In this group was credited to a we'll
planned professional campaign The man.
Eer In which all offerings have been ab-
scrbed on the decline refutes this idea
The progress being made with New York
Centrafs funding scheme is being reflected
In the price Of its securities The banking
syndicate organized for this purpose is
practically complete. and an efYort will
be made to provide for an early funding of
Its high rate bonds. The Official announce
ment OF the plan will revive interest In
the Vanderbilt issues to the same extent as
that Following the promulgation of the
Lake Shore plan.
The buying in the general list is more
confident than formerly. but has not yet
arrived at the proper volume. II the fund
ing Idea S to dominate prices there are
several properties to be benefited outside
of those thus far singled out for such dis
ttnction. The Immediate influence. and
one capable OF a variety OF constructions
Is the tariff bill. This measure as pre-
vfously noted. threatens only a few issues
American Sugar has attracted attention
OF late by its repeated failures to i'm
prove upon its anti-diyidend level
Washington advfces are less sanguine on
tie subject of the successful passage of a
satisfactory schedule. and this fact Is
thought to explain the temporary heaviness
Of the stock The debate next week will
be carefully followed, and should find i'm
mediate reelection in the price OF the stock.
The banks have lost s. 1s8O0 in lawful
money. all of it in legal tenders, presum-
ably to the subtreasury for duties.
small increase in loans and a reduction of
Si36o.OO In deposits are reported. The net
oranges reduce the surplus to s4S.169.ooO.