Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-01-05
FINANCE AND TRADE
Stocks, After an Irregular Opening,
Made Sharp Rise.
Big ADVANCE In GAS STOCKS
Sugar Was Weak, Lacking Sup
port of Short Covering.
GENERAL MARKET REPORT

Special Dispatch to The Evening Star.
NEW YORK. January 5.-Americans in
London stock market this morning were
very dull and prices shaded off on revival
| of the sensational. but by no means gen.
orally credited rumor that Germany may
| interfere in the Philippines. The declines
| there ranged from is to 5-S per cent, with
| New York buying orders on the decline
| The New York stock market opened
| irregular, and in some directions the re-
dictionary spirit was most pronounced.
Flour brokers were active on both sides.
Houseman was an active buyer, and trad
! ers, too, did considerable buying, while
London was a large seller on balance.
Commission house business was mostly in
realizing orders. The lower quotations in
London, anxiety respecting the situation
| and growing caution among some large
commission houses We're the influence
which led to heavy realizations.
Sugar, lacking the support of the large
short interest which recently covered, fell
~ points, after an early rally of Is.
Tobacco opened up per cent above yes
terday, rose a point further, and then
eased off over point.
Brooklyn Rapid Transit, the leader of
yesterdays strong market for the Flower
group, often advancing Is, sold down over
a point, but rallied fractiOnally. There
were large dealings in Federal Steel COM
mon at a decline of over point
American Steel and Wire preferred fell
l per cent.
Hooking Valley stocks were weak on pub
lication of the drastic reorganization plan.
In the general list there were fractional re
cessions Pan Handle, however, was an
exception; it still continued its upward
flight
Brooklyn Union Gas was the strongest
among that group of securities, rising
sharply over 3 points on rumor of a con-
templated increase in the dividend rate
Peoples Gas stock that has been tip
ped for some days past by the Flower fol-
lowing started in this morning as the
leader of the upward swing. taking the
place of Brooklyn Rapid Transit yester-
days favorite, in activity and strength.
1t started in at HOS and although the
rest of the list showed a tendency in the
opposite direction, it had up to noon slowly
but surely climbed upward 3 points There
was no explanation of any kind in the cur
rent news to account for the advance.
Ontario and Western advanced about per
cent on rumors of favorable transaction
in coal lands and also talk of a reclassifica-
ton of the stock
Although some of the highly speculative
issues continue under pressure. the under
tone of the standard railway shares is firm
In governments the IS declined a. but
the registered bonds of the other issues
We're u higher.
Railroad bonds We're irregular and only
moderately active. Manhattan was a fea-
ture in the afternoon trading. The stock
after opening at 9S12, gained 1 "a up to
noon. In the rally in the general market
which started shortly after the above hour
Manhattan exhibited considerable activity
and strength. selling up to 102k. The only
news on this specially was that the con-
tract Tor equipping the road with electricity
had been given to the General Electric
Company, and this news seemed to be yeri-
ned by the strength in the latter company,
which has advanced over ) points since
Yesterday. The pace in the general list to-
day mas been too rapid to last long
London cables at the close reported mar
kets al the continental bourses generally
heaVy ana tired today. Troubles in the in
ternal politics of France are feared and
this creates uneaSineSs.