Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-06
Prices of Stock Were Maintained
Under Dizziness.
SOME PUNCTUATION IN SUGAR
Pacific Issues and Atchison Met
Some Demand.
GENERAL MARKET REPORTS
'pecial Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK. August 1.-THE London
holiday had a tendepcy to emphasize the
dullness In the local stock market but
prices were well sustained in spite OF the
small demand Chinese dispatches were
either ignored or favorably construed, the
market relying upon other Influences
Atchison issues were a feature OF the
early trading. the realizing In the preferred
since 1t crossed 20 having met a splendid
absorbing market The common shares
gained fraction and for a time evidences
OF accumulation We're noticeable.
Union Pacific was strong at a fractional
advance. but on a scale of some very good
setiing, probably long stock. seemed to be
In progress In view of its substantial rise
since the beginning of the dividend astta-
ton. realizing is not particularly unfavor-
able sign at this time
better demand for Northern Pacific
was reported. both accounts being credited
with moderate purchases. The higher
priced issues failed to gain any new
strength, huctuating within narrow limits
as the result of professional operations
The steel stocks. particularly Tennessee
SodI ana iron, gave some Indication of new
interest as the result OF Improvement In the
trade. Tho lower prices have resulted in an
increased supply of new orders II is said
and Will consequently have a stimulating
effect at this level.
American Sugar was strong during the
early trading. but later lost some Of its
gains under mixed sales. The reduction of
soft sugars by ref1neries In sympathy with
the American company is to be met by the
Arouckies. and the street has again revived
the theory OF a trade war now that re-
tailers have been supplied beyond the needs
OF the preserving season.
The engagement of 81 600 600 gold for ex-
port checked the advance in the afternoons
market. Sterling rates have been lowering
around the shipping point for several days
and 1t Is no surprise that foreign houses
have added the very slight inducement nee
essary to attract the metal. Bankers do not
make any estimates OF the probable loss In
gold through the European demand but the
outflow Is expected to run well into the
fall The sentimental Influence Of these ship
ments Is likely to cause whatever of appre-
henston may attach to the weekly engage
ments.
The country can afford to send gold out
but should the movement continue through
the crop-moving season the money rate
would reflect the caution of bankers in
making loans.
An Increase in political discussion 10 to be
expected after the middle of the week and
a market movement based on local politics
is almost certain The tranquility of the
markets during the Boer war, the Chinese
outbreak and the numerous small events
usually OF some financial Significance was
scarcely normal For this reason artificial
methods may give way at any time Sup
pert Is certain, but the elements for a nat
utal, sustained advance are wanting
The trading toward the close of the dav
was duh and entirely professional The
best prices of the day gave way under
realizing sales. Sugar and the Pacific
stocks attracting the bulk of the business
increasing.