Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-03
FINANCE AND TRADE
A Decidedly Strong Tone Given to
Prices.
SYNDICATE BANKS SUPPLY GOLD
Important Developments Among
the CoaIers Expected.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September 3.-The accumu-
lation of a liberal volume of commission
orders over yesterdays holiday resulted in
the establishment of 4 decidedly strong
tone in the mornings stock market. Lon
don was irregular, st. Paul ard Erie being
the weak features, but had little influence
on local sentiment.
The engagement of a considerable amount
of gold was reported during the day, in
spite of the fact that the market for for
eign exchange was disposed to yield from
last weeks high rates. The supply of bills,
while improved somewhat, has net yet
reached the volume necessary to supply
the varying needs of the larger importing
houses
The syndicate banks continue to replace
all federal disbursements on this account
ard will not permit any reduction Of the
present reserve fund during the remainder
OF the month at least. The attitude of
this powerful financial association after the
date named in its contract, October 1, has
expired is still matter of doubt but it is
not thought that further assistance to the
treasury will be denied in cases Of emer-
gency.
The promise of important developments
IN the anthracite coal situation was re-
nected by steady undertone in all the
properties likely to be affected. Jersey
Central opened at an advance of per cent
over last weeks final bid price, and sold
on slightly under realizing sales later in
the cay. The property is generally regard
ed as the most powerful factor in the situa-
ton, and any agreement that may be made
VIII De perfectly satisfactory to its repre-
seEtatiVes, or will fail of successful results
There will undoubtedly be some definite
action taken in the very near future which
VIII materially affect the market position
md ftNyp
olcauons such action will not be unfayor-
able. Surface indications in this group
nave repeatedly been misleading. and the
street is inclined to wait for some tangible
evidence of improved conditions before en-
tering upon any important ventures
ST. Paul was again the feature of the
granger shares. selling up l per cent from
strong opening or a good volume of bus
lEess This property will feel the effect of
the years grain yield earlier than either
Rock Island or Burlington, it is arg led
and is consequently In demand at the mo-
ment, while the two stocks named are re-
earded as only prospective attractions for
the long account, and will continue to re-
port decreased earnings. A marked pref
erence Tor the granger group is noticeable
at every concession, however, London
being practically alone in its position on
ST. Paul.
The industrials We're strong under a fair
volume of business, conducted in the inter-
est of the professional room element.
Sugar was advanced l IA per cent dur
ing the morning by brokers usually active
in any important movement in this stock
The impression still obtains that the ad-
vance is being forced in order to establish
a satisfactory selling level after the clos
ing of the company's books for the regular
dividend Trade conditions are unchanged
and there is little news directly indicating
any early improvement.
The trading during the afternoon was
dull but in the main unchanged in char
acter. The room is disposed to favor the
mo fnr inttc Slrr-ax
SHARES. but is not in harmony on the SUBJ
ject OF the indpstrials.
Realizing sales on a scale up may retard
an advancing market from time to time.
but the largest interests behind the pres
ent situation are relying on improvement
in commercial and trade circles to add
value to all of the transporting agencies
now attracting the attention of both snecu-
latorS and investors