Evening star., 1895-07-18
The Industrial List Absorbed At
tention Today.
EXCHANGE TIE SUBJECT OF STUDY
Shipment Of a Million of Gold
Starts Guesswork.

Special Dispatch to The Evening Star

special Dispat. III to The Evening Star
NEW YORK, July 1S-The course ~
prices was somewhat irregular during the
eeriy trading this morning. but fractiona,
gains predominated. The railroad list was
oehehted by the covering of short con-
Hects and encoua ging reports of earninus
ior the second week of the month.
Inc continued strength of foreign ex.
onanse resulted in the engagement of
sl.ooo.OOO gold for export later in the weel
Inc engagement was made by a nron;.
hent coffee importing house and NAV an.
courage similar shipments should ex.
change rates continue to rule at the pres
ent level
The Industrial list again monopolized the
ouik OF the trading. Sugar and Chicago
Gas being especially conspicuous. The de.
mard for refined sugar was reported to he
particularly urgent this morning and
0h.is no advance in rates was reported
purchasers we're obliged to pay top prices
ana ac take chances as to prompt delivery.
There is every indication of an eariy ah
vance In rates to the trade and the prIce
OF the stock rules strong In anticipa ton of
sucn action. Recent sellers Of the stock
"d were prominent smong today's purchasers.
and operators or the short side are be,
coming more restricted. The market is in
the hands of traders, however. and sud
den changes in 'direetion ara -, aus So
able. o' '"pioo-
Chicago Gas sold down sharply from n
strong opening. but subsequently, rallied
under liberal buying to cover Outstanding
contracts
proVement and all questions of future
management are involved in uncertainty.
me low price OF the stock is now acting as
deterrent to short selling, but there is lit
count.
tennessee Coal and Iron sold down 1 Der
cent on the execution OF stop orders but
raii.ed later on reports of unabated activity
IN tne companys product. There is prac-
tcally nc cessation IN tho demand for all
klnds or iron, particularly such as Is used
Tor structural purposes, and further adj
moment '
The granger shares were the features of
the regular list on only a moderate volume
OF business. Opening prices were advanced
fractfonaliy on purchases by room traders
VINO sold stocks In anticipation of the
movement in the irdustrtals being extend
ed to the railway list. The strength of
this latter list. in the face of the extended
depression elsewhere. has been the most
gratifying feature of the last months spec-
uiatfon. All the securities of merItorious
companies have held well II not Increased
IN IN ssiue curing tine professional domination
OF active trading. The original advance
having been based on the prospects OF an
Increased grain tarin. 1t Is not surprising
that the volume of business should have
,Heh ot aiter exnauStlng all the material
Immediately available. Unless adverse
climatic conditions are reported in the very
rear future much of the uneasiness which
develops between planting and harvesting
VIII be dispelled. and me W. impetus will he
given to the upward movement in values
A public demand for stocks. which at ali
times Is necessary condition precedent to
sustained Improvement is not likely to set
IN until after the. summer vacation season
mas ended. and values in the meantime win
reflect only professional estimate of
merit. The sentiment of the conservative
element is favorable to improvere,t ,,,,o,
the resumption of activity. N'N'-