Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-10-04
Speculative Interest Conferred in tho
Industrial Shares.
PROFESSIONAL ELEMENT IN CONTROc
Supply Of Commercial Bills Equals
the Demand.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, October 4.-The course OF
prices this morning was disappointing ali
developments of a favorable character fall
ing fiat as the result of their having been
discounted in the recent advance. Interest
conferred in the Industrial shares, but even
in that group buyers were outnumbered.
Concessions were recorded at every point
of activity. but the narrowness of the ope-
rations kept them well within fractional
limits. The evidences of q broadening
market apparent earlier in the week have
almost entirely disappeared and values are
again left to the whims Of the professions
al element. The condition of the market
for foreign exchange is almost satisfactory.
the supply of bills being fully equal to the
demand, but the caution inspired by the
very recent high rates for bills is still felt
in speculation.
The stock market would undoubtedly re-
spond easily to any buying demand, but the
capacity Of the street for new ventures il
so restricted that the present purposeless
trading Is In grave danger Of perpetuation
Without a public demand for securities
any movement is liable to sudden reyersalK
and participation therein is profitable only
to the room trader.
Railroad earnings, crop prospects ard
general business conditions afford a poor
basis for pessimistic reasoning, but as yet
courage to utilize them in an opposite d.
rection is lacking. !
An importation OF $50 600 gold was an
nounced during the afternoon, but this in
tcliigence was treated in a manner mora
consistent with an expert movement, prices
shading off under professional selling
me sale Of $4,000 of the bonds of the
de Bardleben Company, a property alb
sorDed by Tennessee Coal and Iron in 1Sgg
was relied upon to advance the price of
the latter stock, but instead attracted real
izing sales of sufficient volume to reduce
the value per cent
The general feeling in the street how
ever is unchanged in regard to this stock
ana future developments are confide' ly be-
Eeved to insure much higher prices The
happenings meanwhile are uncertain fea-
tcres, and hope of securing cheaper stock
prompted today's sales.
% Sugar sold down sharply from the open-
lhg on selling attributed to both accounts,
This action is regarded as being direct evil,
oerce OF only traders campaign on the
bull side. TIE larger holders of the stock
were not disposed to support the advance.
chicago Gas sold down IA per cent, the
prospect OF satisf6 ctory reorganization
being apparently assured holders of long
stock, bought prior to the announcement
We're free sellers in the interest of profit
taking.
Rumors of troubles in the London market
growing out of the wild speculation I'm
kafflr mining shares caused some selling
of stocks on this side during the afternoon
TIE inflated and fictitious values for South
African mining shares has long been re-
garded as sure breeder of financial
trouble
The trading of tine last hour was duh and
wholly professional. Prices were uniformly
lower than those prevailing at the opening