Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-08-28
Speculation Influenced by Sales to
Realize.
GOLD EXPORTS EXPECTED
Changers Active and the Center
of Interest.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, August 2S.-Speculation
was influenced by series of realizing
sales this morning which prevented any
marked additions to yesterdays figures.
London sold some stocks at the opening,
which gave color to the presumption that
the bulk CT yesterdays purchases were
made in the interest of the short account.
Prices held well, however, owing to the
presence of a liberal supply of buying or
ders at figures slightly under the market.
Moderate engagements of gold for export
by tomorrow's steamers were reported but
attracted little attention
The scarcity of all classes of bills was
tie occasion of a further advance in ex-
change rates. the security bills promised
yesterday not Undertaking.. There were
no gold bills in the market, hence no i'm
portrait exports are expected during the
week.
neglected during the upward movement of
the last few days, were taken up this
morning and advanced for substantial
fractional gains. The Changers were again
active and were the center of the realizing
sales which characterized the opening
hour.
st. Paul continues an exception to the
balance of the list under purchases for
both long and short account. The advance
over II this morning was accomplished on
good volume of business all offerings
finding willing purchasers. Crop reports
continue uniformly encouraging. and be-
yond the occasional profit-taking incident
to the advance in this group there Is no in
dication Of decreasing interest in the
upward movement.
Reports of litigation growing out Of the
Great Northern attitude toward the re-
organization of Northern Pacific were re-
ceived from various sources during the
day.
An enterprise of this character has never
failed to attract long line of litigants.
and the present situation occasioned no
surprise to the experienced interests be-
hind the proposed reorganization. Injunc-
lions are the natural p 'oduct Of all radical
changes in railway management and are
frequently only dilatory processes insti-
tuted by minority interest. The pres
emit instance, however, furnishes evidences
of struggle which will not be easily dis
posed of and leaves the outcome consid-
erably in doubt.
regular. under professional trading. Sugar
declined l Der cent during the morning,
but rallied later in the day on London ca
bles reporting an advancing market for the
foreign product and the probable termina-
ton Of the decline which has recently pre-
vailed. the market for the refined pro-
duct Ia said to show signs of Improvement
and no further reductions in trade rates
are anticipated for the present.
The trading around delivery hour was &C.
tive and strong, at the best prices of the
cay, the grangers. Tennessee coal and iron
and distillers attracting a good volume
of business during this period.
The market is slowly coming out from
under the control of the room element az
an increasing commission house business
attests. Reactions may occur at or near
the present level. but the movement will
not run far unless prevailing sentiment ID
suddenly revolutionized by the happening
of some adverse event not at present count.
ed among the probabilities