Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-05-15
FINANCE AND TRADE
The Stock List Became Dull After
Brighter Opening.
TENNESSEE COAL and IRON WEAK
Selling of American Tobacco At
tracts Considerable Attention.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK. May 15.-The course of tho
market this morning indicates a further dis
position among traders to reduce risks in
the short account. After opening around
the low level of last night the market raj,
lled under the leadership of a few stocks in
which short interest was known to exist
Inc demand for Burlington was especialh,
ecod. the price rallying easily and forcing
the neishboring issues into sympathetic
advance.
Inc racine shares rallied moderately, but
iaiieo TO hoid while Pennsylvania was veal.
ui'oer the adverse construction put upon
the recent increase in floating debt During
the noon hour the entire market became
irregular under mixed selling by profess
sional traders
The steel stocks, which were attacked at
the close Of yesterdays business, sold up
moderately under covering but new weak
ness developed in them later in the day
The reopening of the steel and wire mills
made little impression upon the street as g,
speculative factor.
Pronounced weakness in Tennessee Coal
anu IRON started decline in the entire
steel group. The selling met with little
resistance, and the absence Of supporting
orders was a sufficient reason for the at
tack. -
AAS suit Lcu DS d StOcknOlder OF the
American Sugar Company seeking what
would be considered proper information in
any corporation not trust seems to have
spent itself as speculative factor yester-
day; Inc stock rallied from its low level
or last night. but no attempt was made
to force the upward movement
Inc general impression is that the COM
Pany VIII take the full time limit of thirty
Gays ana then file an answer declining to
give the information. Should the court
compel the production of the company's
DOCKS the public might be given its first
opportunity of estimating the yalue of
these shares.
Inc movement In American Tobacco ia
altracting new interest, because interests
supposed to have covered short stock were
noted among group of cautious sellers
To-Day The object seemed to be to sell
price. h 80 '
-, me general market was steady during
the afternoon and dullness was its most
pronounced feature. There is no one pre-
ulctlng sustained advance but there ara
some believers in higher prices before a new
low level is reached. The buying represents
risks Tor quick turns and the selling usually
Is intended to become profitable during the
heat Of the presidential campaign The
marker lacks leadership even for a profess
slonal campaign. and the larger enterprises
OF mergers and consultations are ali in
allegiance. -e oii al
Earnings are generally good, with now
and then a moderate falling off fron, 10 81
year as In the case of ST Paul. ~
changes IN tariff returns are not likely to
ln]ure values except temporarily. There
are prospects for better crop news shortly,
The gold movement is doubtful factor
Just now, several foreign houses being nm
able to determine the amounts Likely to go
this week IT, indeed. any will be demanded
since 1t mas come to be recognized that the
movement Is only made profitable for shin
pers by having the consignee pay certain
charges. the outflow may be relied upon
to assume no disturbing proportions.