Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-18
Prospective Gold Shipments and a
Selling Movement.
DISCUSSING THE TARIFF OUTLOOK
Friends Of Chicago Gas Trust Con
fIdent.
GENERAL MARKET REPORTS
Special Dispatch - The Evening Star.

Special Dispatch - The Evening Star.
| NEW YORK. July 1S-Tarifr and strike
arguments were displaced as speculative
| factors this morning by a sudden alvahc,
| In the rates for foreign exchange resuitin.
| IN the engagement of considerable gold fer
| export to Germany. A commission OF l-l5
per cent having been guaranteed certain
| houses on all shipments made at a fixed
rate practically puts a premium on today.
engagements. The margin of profit is st!h
too small to warrant any general move nen;
| as only the houses who ship under a special
| contract are guaranteed against Joss The
continued scarcity of bills is responsible for
| these shipments as bankers would naturally
| prefer to buy bills were they obtain1 bic in
| sufficient amounts. There are few hills an
the market outside of these drawn s;,ecuIa-
lively by bankers. against an assured de.
| cline IN rates within the next sixty or nine
\ ty days.
There is some difference of opinion as H.
the real reason for the outflow of gold to
The continent. some claiming that London
must supply gold to both Germany ana
France beca use of temporary trade bal
ance in favor of these countries while 9th
ers contend that IL is simply desire on the
part or Germany TO increase present hold
ings- In either event, traders Were dis
posed to attach sufficient importance TO the
movement to warrant an Increased saor;
| interest, and, accordingly were liberal
sellers during the first hour. Prices did nos
y.eld easily, however, and, usual OF late
decreased volume of business was the
only result
The weeks reports of earnings have. in
| many instances. been delayed by the pres
sure of extra work incident to the strike
but such as have appeared conform pretty
accurately to early estimates. and have had
no adverse influence on prices. The more
active stocks in the railroad list recorded
fractional gains varying from IA to IL per
cent.
The industrials were all moderately higi:er
due In a great measure 10 excellent support
from the various pools throughout this
group. The action Of the conference COM
mittee in reporting a disagreement Is vari-
ousiy construed by the friends Of sugar hut
the majority consider the action as an ad-
ditional indication of the security of the
company's position. Rumors that the tili
will be beaten are more seriously Considered
the discussion began. rally of (.
per cent in the price OF the stock
1ndtcafes1 the confidence of the inside
interests. in whose behalf recent pur-
chSses have been made. The pool br-kers
are predicting a sudden ana substan .iel r1s-
ana have atcactef co istiera bic outside buy
Ing In consequence Of a rather free circ,l-
latiou OF these ASSURANCES.
Chicago Gas was strong on good buying
introduced by the belief that the MAYOR will
veto the ordinance granting a franchise to a
rival company. 1t Is not likely that n e or
dinance would pass over a veto.
Distfiiers was improved 1-2 Der cent on
covering. but lower prices are predicted as
the result OF a failure TO secure an fncreacc
In the House duty on imported spirits
8. The last hours trading was dull and r..
regular, With the exception Of sugar, which
reached the highest point of the day during
this period on large purchases for pool &C
count Indications at the close OF the day
favored an early fulfllrnent of recent bull
4 n an Ne IL.
suit OF the days trading was. I'm the main,
favorable TO values