Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-17
Speculation Less Active and Prices
Shade OF.
AWAITING ACTION OF TEE PRESIDENT
Fluctuation Ia the Price of Sugar
Stocks.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch 10 The Evening Star
NEW YORK, August 17.-Speculstion was
Tess active this morning than on the pre-
ceoihg DAYS or the week, and prices were
allowed to shade of fractionaIly. I,ondon
was about on a parity with our closing and
Traded only moderately on this side The
early trading In railway shares WAS soma
what restricted. owing TO the doubt con-
corning the action OF Burlington's airac-
tors In relation to the dividend of tina, conn
pany. Rumors Of a probable reduction in
the rate caused some selling of this ana
other securities alphabetically Influenced
on the Official announcement that the
usual quarterly dividend Of ! Ia per cent
mad been declared, payable September Il.
me price was quickly restored on purchases
ior both accounts. Rock Island gained 1
per cent on moderate trading and St Paul
was dull around opening figures Some good
nuying OF New England marked up the
price per cent and the balance of the list
attracted but little attention The senti-
ment of the street continues in favor ,f
iurtner Improvement In stock values but
IL Is hardly likely that any pronounced
atssresslvehess VIII be disclosed pending
the signing of the tariff bill
The industrials were all active ana with
the exception of distillers, profted substan-
TALLY by the days trading. The stock named
was AGAIN the subject of adverse r1lrnOrs
concerning its ability to borrow the money
necessary to withdraw its products from
bend and take advantage of the new tarifY
PROVISIONS. The feeling at the moment is
uecioenly against higher prices for this
stock. and some of the best Interests On tbs
street are heavily short of the stock After
sIght rally of SIS per cent right after the
opening the price was easily depressed ?
per cent on short selling
General Electric scored another advancs
the advance 'e at
Sugar was less active than usual ana moro
conservative in its movements. advan cine
steadily rs Of a point 10 lbs 7s. then ,,a
acthg fractionally. only to be again forced
pack TO the same figures and again nsrnit
teu 10 decline Manipulation from the inside
- clearly visible In these tactics and will
probably continue until Congress adSourns
ana puts an end to all tarif uncertaintIas
Inc market for stei ling and Continental
piiis opened weak with quotations from
selling Of bankers bills against nnroh .s.le
Vi STOCKS Tor European account is largely
responsible for the weaker tone srha
movement OF currency to and from intertor
local banks Of nearly ssOOo6 suhtres s,,rv
transactions for the week have also re-
suited So yea, IN an estimated loss TO the banks
There are no heavy gold shipments to be
charged on on -tomorrow's bank statement
SO that the weeks averages will be the re-
suit OF legitimate business conditions
The last hours business was devoted
largely to a spirited covering movement In
me Gfangers. resulting in gains VARYING
from 3-4 TO Is per cent for the various
| members of this. group OF stocks The gem
eral tone OF the market was improved dur
ing THIS period prices generally rejecting
! slight gains. Distillers was a conspicuous
| exception to the prevailing tendency of
| prices. which at the close were strong and
tending toward Improvement