Evening star., 1898-04-29
Sugar Took Jump Of Five Points
Today.
WHOLE LIST RESPONDED SLIGHTLY
Toward the Close There Were
Some Slight Recessions.
GENERAL MARKET REPORTS
Special Dispatch 10 The Evening Star.

Special Dispatch 10 The Evening star
NEW YORK, April 29.-An increase VOL
ume of business and continued confidence
in the future OF the stock market resulted
in substantial advances in all parts of the
list this morning. The apathy Of the last
week having failed to attract sales prices
were advanced in order that the long-de-
layed public demand might he inauguratea
The short interest maybe credited with
the bulk of the buying. but commission
house activity reappeared as a factor An
uninterrupted advance is scarcely probable,
but the declining tendency has been sue
cessfully overcome.
London assisted the advance by moder-
ate purchases. and sentiment at that CEN
ter is working around to the idea that tho
Spanish war will soon be a closed incident.
Locally the assured success of the new
government loan is the predominating spec
uiative influence. The subscriptions TO this
issue, it is now thought, can he made with
out more than temporary influence on the
money market. A few days Of high interest
may be recorded. but the money paid for
bonds will reappear shortly I'm an increased
circula ion.
If present plans are not at fault this en-
terprise will be one Of the most successful
OF government transactions
In addition to the new loan the market
Is discounting the cess of pending war
measures. The engagement in the Pacific
is awaited anNiously. and a severe defeat
only caa be disappointing. Enthusiasm
has extended TO financial circles. and in
vestment issues are being confidently
bought under Its influence
The market hinges upon war measures
and war prospects. A setback to the
American navy will be reflected I'm lower
prices, but everything will be reflected in
advances extending TO double the degree
required to express disappointment. This
TO in provement is made up Of a combina-
lion of actual merit under valuation ard
the stimulation of maritime victory.
An advance of nearly per cent in Ameri-
can Sugar was the feature of the DAYS
trading and helped materially in the ad-
vance of the general list. A large short In
ferest, stop-loss orders and the outlook for
an increased and more profitable business
We're the factors employed TO mark up the
price The differences supposed to exist be-
tween the company and its so-called rivals
are capable of adjustment at any tirse. and
definite announcements on this subject are
expected In the near future.
The prospects for harmonious action in
the matter of traffic agreements in the
northwest are helping properties In that
section, as are earnings for the current
month. Increases in earnings and in
creaseS in dividends are expected TO he
among the Developments of the next few
months.
Northern Pacific and Union Pacific es-
pecially the preferred shares If not al
ready are destined to become leading fea-
lures Of the railway list. Some demand for
low-priced speculative bonds is also noted
among the new buying of the last few days.
Profit taking around delivery has resulted
IN fractional declines, but the advancing
tendency OF the market was unchanged.