Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-08-14
FINANCE AND TRADE
TomOrrow's Gold Shipments Will
Not Hurt tho Treasury.
DEPOSIT BY The SYNDICATE
An Unexpected Decline in Whisky
Trust.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK, August 14-Speculation was
resumed this morning at last nights esti-
mate of values, and subsequently, became
irregular under narrow, professional trad
ing. London sold few stocks, but was
scarcely factor in the days business.
cold shipments by tomorrows steamers
Will aggregate about 81, 500, 600, but the de-
post OF S1.6J0.0O0 by the bond syndicate
VIII add slightly to the treasury's supply
of the precious metal
Inc offerings of grain bills are daily in
creasing, and bankers are disposed to an
tic1pate somewhat more satisfactory
market for foreign exchange The impor-
lance of recent gold exports has undoubt-
edly been overestimated in the interest Of
pesslmistic speculation, and 1t is not likely
mat trade conditions during the balance
OF the year will aid in the magnifying of a
perfectly natural process.
The sale of the Distilers' assets to the
reorsanization committee for s9.s0OOOO was
consummated at II 80 this morning 1t was
expected that the stock would advance UNI
der the influence of this announcement.
tut instead l Ia per cent decline from
~ no means harmonious in its estimate of
the value of this property. and powerful in
terests are likely to come into active oppo-
sltion In the very near future.
to be commended. but it is doubtful if the
intentions of the opposite party can be
thWarted by mere enthusiasm.
The room movement to advance the coal
snares, winch has attracted attention DUR
ing the last few days, seems to have run
It's course, owing to a complete exhaustion
OF incentive. This group of stocks must
furnish more substantial guarantees of the
wisdom of advancing prices from the rul-
ing level If anything approaching perma-
rent improvement is to result.
The street is never without a rumor of
some kind on this property. and few of
them receive credence, but in the present
instance evidence of some important trans
action is visible on the surface. The spec
ulative features of the enterprise are as
yet too vague to warrant action.
Reports OF probable frosts in certain
sections of the western corn belt owing
to sudden drop in temperature, had a
tendency to detract fractionally from the
prices for the Granger stocks This group
of securities continues to be in favor with
the more conservative operators, and
higher prices will follow a broadening mar
ket.
The public demand for stocks will follow
closely upon the harvesting Of the fall
crops, and Wall street, after it's usual
custom, will, in all probability. anticipate
this demand by several weeks.
The industrial stocks were generally dull,
American Tobacco attracting some atten-
ton by further selling for the short
account Sugar declined fractionalIy un-
der unimportant room trading trade con-
ditions continuing favorable, with prices
unchanged.
The volume of the afternoons business
dwindled into insignificance, traders taking
advantage of the decreased interest to
depress values. Holders Of long stock
are not inclined to enter upon a campaign
of improvement at this juncture, owing
to the fact that large majority of opera
tors are absent from town.
Except for traders turns the holders of
long stocks appear to have much the best
of the situation, but provision must be
made for warding off the surprises which
are liable to intervene between the present
dizziness and prospective activity toward a
higher level