Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-08-23
FINANCE AND TRADE
Stocks Sold on Announcement of
Coming Gold Shipments.
LATER FIRST PRICES WERE RESTORED
The New Whisky Trust an Active
Feature.
GENERAL MARKET REPORTS
pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK. August 23. - Speculation
was unusually narrow and professional this
morning and prices were confined within
fractional limits Of those first recorded
London cabled some inquiries for new gov
eminent As. but had no important commits
sions on this side.
Inc market for foreign exchange was
somewhat firmer in tone, although offer
fngs of grain bills continue in fair supply.
Gold exports by tomorrow's steamers will
exceed $l,OO0.OO0, additions to this sum
being probable before the sailing hour.
Traders sold stocks during the morning
on this announcement the details of which
were exaggerated considerably, but later
EFFORTS to cover early sales restored first
prices.
The rehablitatcd Distillers Company ia
considered as among the next active fea-
lures IA the ihdustriai group, friends Of the
company being anxious to see higher fig
ures upon the official announcement that
all formalitfes relative TO the new o~eaaf-
cation have been completed. The removal
OF the company's office to this city is re-
garded as an advantage TO the practical
hanagement or the concern, and will dis
pose OF certain undesirable features incl
dent to the previous location
sugar yielded to continued efforts to force
concessions. but the decline was only tenn
porary, owing to a brisk deraand for the
stock in the interest of both long and short
account. The hear party Is strongly conf
dent that the season and the wishes of the
larger interests are in sympathy with its
attitude, and, consequently, may be count.
ed upon to take advantage of every oppor-
tunity to force a decline. Until after the
distribution of the next quarterly dividend,
however. contest to maintain present
prices is likely
American Tobacco was less violent in fits
fluctuations than at any time during the
week, the bulk of its operations being cen
fined within the limits of fractions. Sem
timent is unchanged on this stock but the
evident oversold condition of the market
Inspires caution until the outstanding short
interest is again brought within the limits
which Will Justify an extension of the same.
Reports of railroad prosperity, present
and prospective are received daily by
local representatives of the lager corpor-
atoms, agricultural conditions being relied
upon to a considerable extent to corrobor-
ate present forecasts. The attitude of the
several state conventions with regard to
the silver question and the almost unanf-
nous triumph for sound money is feature
of great significance. and one that may be
relied upon to maintain stability in specu-
lative circles.
The effect on foreign holders of our Sc
curities will be decidedly beneficial and,
upon the resumption, of active trading,
local enthusiasm will be encouraged by
the participation therein Of q conservative
foreign element.
The cessation Of gold exports at an early
Gate Is regarded as an assured fact. and
enormous corr crop is rapidly approach
ing; these oft-repeated factors, added to
those which are daily developing, promise
Well for stock values In the long rum