Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-06
Influence Of Conflicting Reports From
Washington.
TODAY'S FIRST PRICES WERE LOWER
Effect Of the Prospective Gold
Shipments.
MARKET REPORTS
special Dispatch to The Evening Star.

SPECIAL Dispatch to The Evening Star.
NEW YORK, August e.-There were no
London quotations this morning. it being
a bank holiday there. The more hopeful
feeling in the street here, as noted Satur-
day. had received slight chill over Sunday,
owing to the conflicting news from WASH
ington on the tariff deadlock, and first
prices on the stock exchange were slightly
under the closing quotations of Saturday,
ana further slight concessions were made.
In the loan crowd a large number of stocks
were returned, indicating a material reduc-
ton or the short interest. thus taking an
important element of support out of the
market, yet after the first shading off in
prices the friends of the different specialties
took them in hand, and a fractional rally
was scored, prices ruling firm up to the noon
hour. when the engagement of $1,000 gold
for export was announced, and prices again
shaded OF, Burlington, IN particular. being
very weak. selling at Il S-s. as against
- IL at the opening. ST. Paul. on the con-
trary. held very strong, and a new bull pool
is reported to be operating in the stock.
Among the iow-priced stocks Reading,
Terminal and Missouri Pacific were the
features, all three being firm at higher quo
tations.
Sugar refiners, as usual. was easily the
favorite, though the quotations were com
parativcly narrow, opening fractionally
-
shading Off to loi 3-4. advanced to lo6. and
Up TO the delivery hour holding firm around
1u5 4l-2.
The other industrials were dull and fea-
tureIess.
Five hundred thousand dollars gold was
engaged for shipment to Europe tomorrow,
though sterling exchange is easier, and some
bankers say that its appearance Is weak.
There Is little disposition on the part OF
bankers here to do foreign exchange bust
ness today. In the absence of advices from
London, consequent on the holiday at that
center. discounts are not quoted, and in the
present narrow condition of the exchange
market this Is an important factor. Re
ceipts OF bills from the interior this morning
were few. Brokers who make speciality
of futures" report that this line of bust
ness Is very limited in amount. Actual
rates for sterling are: Cable transfers.
iSs 1-2 q AS ga; demand, 1855 Ii; sixty
days 49, IA
Louisville and Nashville earnings for the
fourth week of July decrease 81, 7l9: for the
month decrease, s2GO,144. which Were
smaller than expected.
There was renewal of the rumor after
the delivery hour that the Burlington dIvi-
dend would be scaled to a 4 per cent basis
and the bears again became active in the
Changers, Burlington selling down to 20 "a
which Is the lowest price scored for that
81 ecialty this year: indeed, the lowest since
July,@lssS, when IL sold at CD Ia The
closing was duh and heavy at the decline
FOR the Changers, and firm for the indus
trials and telegraph.
Corn and oars are now both selling for
more than wheat in the Chicago mark et
Corn is up TO - IA and crop reports con-
tinue very bad. No rain and no prospect
OF any. This obstruction Of crops west is
making traders very bearish on the Grang-
ers, Ind predictions are heard on all sides
that present conditions must affect the
next dividends on G. b. O. Rock Isla nd
and possibly st. Paul