Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-25
FINANCE AND TRADE
Selling in Wall Street for London
Account.
REACTION IN COURSE OF PRICES
The Bank Statement More Graf
flying Than Expected.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, August 25.-stock values
reflected a steady undertone at the opening
Of today's market. but yielded fractionally
to selling for London account, and the
evening up of traders contracts at the
close of the week. The reaction was neither
extensive nor surprising. Substantial gains
have been recorded in nearly all parts of
the list during the week, and the selling
OF the last few days rs the result Of a
natural desire to convert paper profits into
actual possession. The market has per-
ceptibly broadened during the week. ana
indications point to a renewal Of anti-panic
activity and a restoration OF intrinsic val
ues The bulls are In control Of the situa-
ton. and have secured the allied services
OF certain large financial interests that
until very recently have been out of the
market
The railroad list was not particuls rfv ar
i've outside of Reading. which attracted
some realizing on yesterdays advance. re-
suitine In loss Of Ia per cent from open-
ing figures. The publication OF the reorran-
lzation plan lis expected about the middle
OF next week. and. In the belief that a will
De Wen received by The majority In Interest
traders are bDlllsh in both the stock ana
certain OF the several bond issues OF that
company.
Today's willingness to accent moder,te
pronts Is not altogether consistent with the
rumors so carefully circulated in order 10
induce buying. The grangers were steady
cnoer moderate selling, losing from Ia 20
l-2 per cent on the days trading Lack of
important operations in other parts of the
list prevented any marked changes.
Distiliers was the leader Of the Industrial
group, as well as the entire market Open
ing strong at "a. the price was advanced an
aooitlonal o-S per cent, In order 70 establish
q satisfactory selling basis. Large selling
orders were plentiful at the advance and
with the always valuable assistance of stop
orders the price was easily depressed FIVE
points. Rumors that the much-talkei Of
loan had been secured were circulated from
sources most emphetic In ASSURANCES d.
rectly the reverse I'm yesterdays market
The securing OF the necessary funds to re-
lease the whisky stored IN bonded ware
houses would have afforded but temporary
relief and merely delayed the bear cam
psign against this company.
Exclusive OF all tarfn considerations, the
feeling In the street Is not favorable to i'm
provement in the price Of this stock
Sugar gravitated between 112 rs and ll3
3S on q moderate amount OF business
Some purchases based on the opinion that
the entire market VIII show Its gratfhcatio
OF the action OF Congress In adjournins next
Tuesday by . general Improvement IN val
ues prevents any but fractional concee-
sions even when left to its own devices
The balance of the Industrial group was
STEADY Witnout material aiteration In price.
The bank statement was better than yes
terday's estimates seemed to warrant the
loss in lawful money being only SS62.00o
The best feature OF the statement Is an
increase Of nearly S2.50Aoeo In loans. The
deposits do not fully reflect the changes In
the above items. which Is. probably due to
interior currency shipments other than legal
tenders. Isl -t~-R 49,
The decrease in surplus Is much smaller
than the best estimated amounts. The
statement in detail shows reserve decrea sea
81, oSs. Co., loans increased &, AZ. 200; specie
decreased $2S3. 600; leeals decreased $3.50 30;
deposits increased $50. 500; circulation de-
creased 81, 70O