Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-10
Realizing Sales Prevented an Ad-
vance.
GOSSIP As TO GOLD SHIPMENTS
Rumors as to Tennessee Coal and
Iron.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK, September 10.-Concessions
varying from Is to "a per cent were re-
fected in this mornings early stock values.
and every effort to advance prices was met
by realizing sales. which defeated the pur-
rese OF the room. The commissions exc
cuted by foreign representatives were
mainly in the interest of profit taking or
Tor the short account. Several exporting
houses made application for liberal
amounts of gold coin to be shipped abroad
by tomorrow's steamers but the demand
was less urgent than yesterday The pres
ence IN the city of a prominent treasury
oHlcial and his recent conferences with
members Of the bond syndicate have given
rise to a variety of rumors relative to the
position of the latter in relation to the gold
movement 1t is evident that some change
IN policy is under consideration, the de-
TAILS rs OF which are being carefully guarded.
Inc announcement that the syndicate
would deposit round amount of gold dur
ing the day had beneficial effect on val
ues, the short interest being largely re-
sponslble for the demand The general
prospect is not encouraging for an early
reouctlon In exchange rates, and specula-
,lon must continue to be influenced for an
indefinite period. although not necessarily
Prolonged by further loss of gold.
The railroad list was at times wholly
reelected. and the fluctuations in values
were scarcely reflection of actual senti-
ment The reac tionists again conscious
OF disposition to buy stocks on any con-
cesslons and are, in consequence, proceed
ing with great caution. London's short ae-
count may yet be a troublesome factor to
the local contingent that side of the
market. as there is little doubt that
movement will shortly be undertaken to
force covering OF outstanding contracts
ne rumored engagement during the
afternoon of million and a half of gold
not Included in the morrir g's estimate had
a tendency to restrict trading and caused
some shading off Iii values
Tennessee Coal and Iron gained 1 per
cent during the morning, but sold off
promptly on sales to take profits. Rumors
OF an early resumption of dividends on
the company'S preferred stock, together
with the payment of all arrears. had a
good effect, but owing TO the indefinite
features of this assurance the upward
movement did not become general Friends
or the property are quoted as being con-
hdent that the manufacture of steel re-
Gently undertaken will greatly increase its
revenues, and that the rally from all de-
clfnes in the near future will exceed the
previous high level Cautious action in
such statements will not pass unrewarded
in view of the steady advance already re-
Elected.
The trading in the industrial group was
not as active as usual but values were
well maintained in spite of the dullness
The regular quarterly dividend of III per
cent was declared on the stock of the Man
haitian company and the executive COM
mittee of Western Union have recommend
ed the payment of the regular rate on the
stock Of their company, which the directors
will formally declare tomorrow
The dullness which characterized the
early trading was emphasized during the
hnal hour, prices being irregular within
fractional limits of those first recorded.