Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-19
FINANCE AND TRADE
Prices Advanced Throughout the
List.
GOLD FURNISHED FOR GREENBACKS
The Scare is Now Believed to Be
Over.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK. September 19.-Iniuenced
by q weaker market for foreign exchange
and the assurance that no gold will go out
tomorrow, no steamer sailing on that date,
traders successfully advanced prices in all
parts of the active list this morning. The
celebration of the Hebrew New Year, gen.
orally relied upon to restrict trading, had
no perceptible influence In that direction
this morning, but may have accounted for
the decreased demand in the exchange
market. Syndicate banks ind no necessity
for making shipments at the close of the
week, but it Is considered probable that
some engagements of gold will be an
nounced tomorrow by houses heretofore
prominent in the export movement. The
treasury was rendered gold in exchange-1pr
greenbacks by several Of the national
banks, but the position of the bond syndi-
cate on the subject Of reimbursements CON-
tinues doubtful.
The street has overcome its nervousness Of
a week ago, however, and is confident that
bond issue or perhaps natural causes will
prevent any further aggregation OF the gold
scare The recent action OF the coal stocks.
by diverting attention from the apprehen-
sive features Of the general speculative sit
uation, Is perhaps deserving of some credit
for the return to optimistic reasoning.
The advance in coal rates and the pros
poets for an early and aggressive effort to
settle all outstanding differences have at
tracted a good buying demand to the several
members Of this group. Reading and Jersey
Central being among the more conspicuous
features of today's trading.
The grangers were advanced under de-
mand about equally divided between the
two accounts, brokers active In last weeks
selling movement being among the larger
purchasers today. Chicago Gas was the
feature of the industrial group. selling up
per cent under a good volume of business.
The n ovement is being conducted by inside
interests and prominent ex-state official.
who is a candidate for place in the COM
pany's directory.
The periodic attacks Of the Attorney
General have been provided against and
the compar is to be freed from any fur
Their legal annoyance by state officials.
The directors of the National Lead Com
pany declared dividend Of l per cent on
the common stock. an action not wholly
unexpected in well-informed circles, the re-
cent increase in earnings having suggested
the probability of such action at this time.
The covering Of large individual short
intel est in American Tobacco. said to have
amounted to 10000 shares. and The denial
of reports to the effect that the trust had
been obliged to cut rates on the plug pro-
duct. were responsible for a sharp 1vanco
of per cent in the stock Of that company.
The movement was a surprise to the
room, which has favored the opposite side
of the market by reason Of the reported
success of the Independent manufacturers.
An advance in certain grades of refined
sugars was responsible for the strength Of
the stock of the American company, pool
brokers continuing their purchases at the
advance.
The trading of the final hour resulted in
the recording of the days highest prices,
the bulk Of the later dealings being credited
to the room. 1t is reasonably certain that
at least one million gold will be announced
for export on Saturday, but there is little
evidence Of any necessity for a larger ship
ment.
The transactions in tomorrow's market
will reflect these announcements. and con.
sidering today's rise in prices an extremely
sensitive market is predicted pending defin-
lite knowledge Of the actual outflow