Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-21
Tomorrow's Gold Exports Influenced
Prices of Stocks.
FLUCTUATIONS WITHIN NARROW LIMIT
Spectators at Sea Regarding
Sugars Future.
GENERAL MARKET REPORTS
Special Dispatch 20 The Evcnin; Star.

Special Dispatch 20 The Evening Star.
NEW YORK, December 21-The evening
up OF traders contracts for both accounts
and further engagement of gold for ex-
pert, increasing the total outflow by to-
morrow's steamers to $2,2JO,OOO, were the
only conspicuous features in today's stock
market. The volume of business was
mall and fluctuations, in the main, con-
fined within narrow limits. The sentiment
of the street was divided on the specula-
tive outlook, but, on the whole, was a
trifle less pessimistic than yesterday.
Reading was an active feature of the
railroad list, selling up to Is per cent on
purchases for both accounts. The bulk of
the trading, however, was in the interest
OF shorts, as no new developments of i'm
portance were reported.
Missouri Pacific sold off fractionally inn
mediately Otter the opening on selling at
tributed to the liquidation of long stock.
The grangers sold down slightly on room
operations, to which no significance at
tached. The frequent intervals throughout
the day in which business was entirely
suspended prevented any important trad
ing or noteworthy change in a majority
of the usually active issues.
In the Industrial group sugar was the
feature on manipulation similar to that
employed yesterday. The price was de-
pressed l per cent on quick sales at the
opening and was subsequently forced back
beyond first prices on purchases attributed
to the account of inside interests.
The trading element is all at sea as to
the probable course of this stock and Is
easily forced out of the market by any
adverse demonstration on the part OF the
manipulating interest.
Chicago Gas was weak at the opening
as the result of well-dis tributed bear ru-
mors, but rallied later in the day on buy
ing for both accounts The dividend OuaS-
ton is generally regarded as settled In
favor of the payment of the usual rate.
Distillers was moderately active at frac-
tional gains, due In the main to the cover
ing of outstanding contracts. The market
for sterling and Continental bills opened
slightly easier in tone, with rates frac-
tionally under those last quoted. The dull
ness of this market and the absence of any
urgent demand are responsible for the
concessions in rates.
The Offering of exchange against gold
exports 10 also an important factcr in fore
ing concessions.
The shipment of s3,5OO,OOO gold at the
close of last week and of nearly $1,000 OO0
additional on Tuesday will show in tomor-
rows statement of averages as an import
ant feature of the weeks business. 1t is
not probable that any of the gold going out
tomorrow VIII be counted in this week s
statement The Interior currency move
ment has been in favor Of the local banks
the gain from this source being estimated
at S,OO,tOO The latter item will serve
merely to offset the loss from the export
movement.
The last hours trading was steady
around the last prices OF the day, but the
volume OF business was not improved
Reading and Sugar were the features of
this period, a moderate demand for both
serving to keep the price well in advance
of the low level OF the morning The mar
row operations of the room element, unas-
sisted by any outside buying. are all that is
promised for the balance or the year. In
der such circumstances the immediate flu
ture of the market contains little to en-
courage either class of operators