Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-08-05
Rumors of a Bull Pool in Chicago
Gas
WHOLE list CONSEQUENTLY STRONGER
Important Gold Shipments Re-
garded as Likely.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, August 5.-There was no
London market, today being a bank holi-
day there. There was no particular feature
TO the early trading here, except the
strength in Chicago Gas and the weakness
In Erie. 1t developed shortly after the
opening that good sized order to buy Chi
cago Gas ESTIMATED at 10000 shares) was
In the market, and there Were rumors of
a new and strong bull pool in the stock
AS the reports of the earnings of the gas
companies come in they continue to show
gains, which is causing people identified
with the companies to renew their faith in
the properties.
There was a well-defined rumor before the
opening that a drive would be made at
Sugar which would carry the price to ITO,
but the strength in Chicago Gas steadied
the entire list apd the room took hold of
Sugar and bid it up to 115. where they met
so plentiful supply Of the stock that it
was left to take care of itself and became
very dull, though steady. There was moth
ing special in the trade, which was reported
as being active. with prices for all grades of
refined shade higher. Erie was very
weak and was sold on prospects of heavy
assessment on the stock.
war derbilts" continued, notably Canada
Southern and big Four" A defined har-
moEious policy between all of the Trunk
line and connecting railroads, with steady
maintenance of rates, is the argument adj
vanced for the improvement in these stocks.
In Distillers' injunction suit before Judge
O'Brien, hearing was postponed until to-
morrow. This had the effect of starting a
small covering demand in the certificates.
which were held very steady throughout.
r6n Nrova crnr Itp1l ND in naS n
droop. The market for the whole group
may be described as a waiting one, their
friends being a trifie shy about buying at
this level, and the bears afraid to sell pend
ing no unfavorable news from the corn belt.
The market for sterling and continental
bills maintains its strong tone at quota
lions unchanged from last weeks closing
ties Commercial bills are as scarce as
demand for remittance on account Of Au-
gust coupons, recent sales Of American
stoc:ss by Europe and mercantile settle
merts. The syndicate houses are only
moderate sellers Of bills. and they appear
to be 10th to make exchange in sufficient
amount to affect prices, as such operations
would leave them short of bills, which may
not be covered without shipments Of gold,
because of the extremely light exports of
merchandise and the backwardness of the
grain and cotton movement. 1t Is con-
sidered probable that the pressure for re-
mittance will cause important shipments
Of gold before the end Of the week.
There was no feature to the last hours
trading, except the continued strength OF
Chicago Gas and dizziness In the balance
Of the list. Closing prices are a shade
lower than those of the opening but about
on a par with those Of Saturday. The
volume of trading has been very small
and the feeling on the street is that there
will have to be a reaction before 1auch
activity can be expected.
NEW YORK, August 5.-One hundred
ard fifty thousand dollars in gold has been
withdrawn from the subtreasury for ship
ment to Europe by the steamship Aller to-
morrow.