Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-30
Uncertainty as to Exchange Domi-
mates Prices.
SPECULATION CONTINUES SENSITIVE
An Active Realization in Dis
tIIers.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, September 30.-wall streets
buying capacity reflected no indications Of
improvement this morning, values being
determined by the unaided efforts of the
professional element, as was the case last
week. London's early cables indicated q
lack Of interest at that center. and brought
no noteworthy commissions to this side.
Uncertainty as to the probable course Of
the exchange market overshadows the en-
tire speculative situation, and is likely to
dominate prices throughout the week.
There will be no gold taken out by tomor-
rows steamers. however. and hopes are
entertained that the necessity for such ac-
ton may be dispensed with.
The German demand has been practically
exhausted, and special orders are not likely
to force an outflow unless actual rates for
bills advance sharply. The 5000, 600 Louis
vile and Jacksonville Bridge Company
bonds guaranteed by the Chesapeake and
Ohio and the Big Four railroads, are said
to have been sold in Europe al "a and in
terest. The naturally weakening tendency
Of the exchange market should be aug
mented by drawings against the proceeds Of
the transaction. Speculation Is extremely
sensitive to all rumors relative to the for
eign exchange situation and all arguments
for improvement are subject to a condition
precedent providing for a complete cessa-
ton Of the gold outflow.
DlStlllerS was active throughout the DAY
on the resumption Of manipulation. but, as
was to have been expected, in view of its
recent advance, the best prices were those
recorded at the opening of business. Ad-
vantage was taken of the early demand
to realize on last weeks purchases, q
sharp decline of two per cent following
liberal sales. At the low level some buy
ing for both accounts advanced the price
one per cent. but the prevailing opinion Is
seemingly skeptical Of much higher prices
at this 1uncture.
Chicago gas sold down IA per cent on
what appeared to be the marketing of long
stock. Rumors Of probable attempt to get
session Of council had depressing influence,
as previous attenpts of this character have
uniformly proved disadvantageous to long
holders of these certificates.
In railway shares the market was dis
posed to yield fractionally to the very small
volume of business supplied by the room.
The grangers sold down about one-half per
cent on rather purposeless trading, there
being no new development to go on. The
non-appearance of evidence confirming the
much-talked-of changes in the anthracite
coal situation resulted in lower prices for
that group. Reading being the feature at
a one per cent reduction from first figures.
There is no doubt that strong efforts are
being made to straighten out the tangles of
the coal trade, but as yet the process Is
shrouded in mystery.
The appearance of a fair amount of gold
bills in the exchange market this after
room caused renewed apprehension of gold
exports later in the week. The usual au-
thorities on this subject are all at sea
where questions of the probable discon-
tinuance of the efflux ere considered In
view of this fact hesitating market for
securities is all that can be hoped for, and
lifeless trading is never Immediately profit
able.