Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-04-20
Buying Instead of Selling Orders
Come From Abroad.
DOMESTIC VALUES WERE ADVANCED
Looking Forward to the Effect of
Tariff Discussion.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK. April 2D.-The prospects of
generalization in the foreign markets
which prevailed. to the general disad-
vantage of prices, yesterday failed 20 ma
terial.ze this morning.
Early cables reflected advances varying
from y to per cent, and buying orders
were substituted for the ANTICIPATED sales
In sympathy with the rational attitude of
London. local prices were marked up for
substantial gains during the opening hour
The interests noted among yesterdays
sellers were among the more active pur-
chasers this morning while the sales nj
the advance came from traders who bought
at the extreme low level and were long of
stocks over night. The market as a
whole was extremely narrow, and, while
well supported, attracted little commission
buying.
The European situation is at best but a
temporary influence in the local market
and must be regarded as of secondary i'm
portan only. II domestic conditions were
relieved OF the uncertainties of legislation
and the disappointments of judicial de-
crees the foreign difficulty would be viewei
in the light of a strong ally to prosperity.
manufacturing and agricultural districts
would profit by general European war.
and unless the controversy becomes gen
eral there would seem to be no occasion TO
anticipate either advantage or disadvan-
tage. Evidences OF brief conflict are 10
be had en- all sides. and interest must
sooner or later be directed almost exclu-
sively TO local conditions.
The debate on the tariff bill will prob
ably be inaugIrated about the time inter
est In foreign cables begins to wane. The
general market may be given over to dull
ress during the discussion IL the compli-
Gated details of this measure but interests
especially involved will become prominent
during the agitation of certain schedules.
The evident disposition of the larger
houses in the street is to sustain prices
during the doubtful periods. because of
responsible assurances that the bill wifi
ultimately prove satisfactory to q majority
of the interests involved. Concerted action
to prevent depression was especially
marked during the opening hour this morn
ing. and. unless surprises intervene. is to
be relied on for the immediate future.
The willingness to accept small profits
will act as a bar to ride fluctuations and
may prolong the purely professional char
acter of TIE trading.
In every department of the regular list
the net result of today's business was
beneficial to prices. The Industrial shares
especially Chicago Gas, were well sus-
tanned.
Leather preferred was an exception,
traders selling IL down on the prospects of
an import duty on hides. Sugar interests
endeavor to create an impression that the
new tariff schedule will curtail the profits
of that corporation. but there are reasons
for supposing that much of this displcas-
ure is assured.
The market became dull during the clos
strength Notwithstanding some realizing
on early purchases. Limited business con-
tnues to be superior to all other adverse
speculative Influences