Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-09-05
Gratifying Comparison of Railway
Earnings.
AUGUST THIS YEAR BETTER THAN 1898
Gold Imports Expected in the
Near Future.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, September 5.-Prices were
irregular at the opening of today's stock
| market, but the changes from last nights
closing figures were in the main unim-
portant. The volume Of business continues
light, owing to the absence of interest out
side of the professional element. London
prices were fractionately lower. and no
important business was transacted for for
eign account. The comparison of August
earnings with those of the same period a
year ago reflects an almost general i'm
provement In those items. 1t Is true that
last years reports were far below the aver
age. but 1t is gratifying to note an inter-
ruption in the monotonous array of de-
creases reported during the last twelve
months.
Stocks that have long been under sus-
picion as likely to pass or reduce their fall
dividends have been restored to popular
favor by recent statements showing clear
ly their ability to continue payments at
established rates. The probability of gold
imports I'm the near future Is encouraging
to believers in higher prices and will un-
doubtedy be utilized as a factor In specu-
lation during the fall The overthrow of
professionalism would result i'm improved
values, as prevailing conditions favor the
long side of the market
western Union was again a feature of
the days trading. but yielded slightly on
realizing sales and some not overconfident
short selling. Investors are willing pur-
chasers OF this stock on all concessions
Inc Changers were steady around opening
ngures, covering in Rock Island, causing
an advance of "a per cent, which was the
only important change In this group. The
guinness elsewhere in the railway list pre-
vented any significant change in value
Sugar was active as the result of consider
able difference Of opinion on the subject OF
the next quarterly dividend. Rumors were
circulated that two. and probably four, per
cent would be subtrIcted from its present
rate. These statements are not official but
II is generally known that the subject has
been under discussion, and is sure of the
approval OF some of the most influential in
terests. For the next few days tie action
OF the stock will have a significant bearing
on This point. Chicago Gas fiuctuated with
IN radius Of 3-4 per cent of initial figures
according to the varying tenor of western
advices. The balance of the industrial
ture A@"
There Is noticeable decrease in the de-
mand from remitters of foreign exchange
MnIch Is responsible for a further reduc-
ZION OF l-S2 In today's rates. Some small
amounts Of cotton futures are reported
put the volume IL not SUFFICIENT to in
nuence rates. Foreign bankers predict a
market. " '''
The last hours business was dull. with
slight reactionary tendency. Interest CEN
eeIs In sugar. and the later selling from
certain sources was regarded as indicating
tne reduction mentioned above. The uucer-
tainty surrounding this important subject
rs TOO great to warrant operations ON small
pank balances. Final figures were gener-
ally fractionally below the opening