Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-08-28
Short Covering Forces Slight Ad-
vance in Prices.
BETTER FEELING IN LONDON
No WelI-Defned General improve
ment Expected at Present.
NERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, August 2S.-The short sales
In yesterdays market were responsible for
fractional rally this morning an attempt
to cover being met with small offerings
London cables reported signs of an awaken
ing interest In speculation at that center.
and this fact coupled with Atchison's earn
inss for July. showing a net increase of
$a4235s helped to steady local prices Earn
ings do not revive interest outside of the
room, however. and the market fails to
broaden. Cheap money and good earnings
having failed to arouse public interest
some attempt was made at organized de.
preston.
rms movement was moderately success
1ui In Brooklyn Rapid Transit Peoples Gas
ana sugar Toward the close of business
yesterday these issues were given better
nupport ana again today friends Of the
pioperueS were buyers at the decline II
IS not likely, however, that anything more
llan support Is contemplated at this time
ana me selling may again break through
the demand and force lower level
There is nothing adverse to individual
properties that can justly be credited with
lne eiements or weakness, but politics will
Whinb q packground for price movements
"nicn claim no merit but manipulation and
public. VI ehe
During the progress of such a movement
earnings and value will be forced to tho
rear Tor time and properties will be de.
pressed because loans are being called mr.
money Is advancing to the point which will
Iorce she sales of good collaterals in order
TO protect those of doubtful value This
condlt1on is not here as vet and call
money Is offered at IL per cent. The hank
reservea are likely to be drawn upon ex-
tensiVeiy In the near future and this fact
coupled with ordinary business prudence
may make shifting of loans one of the
FEATURES OF the ante-election market.
some or the so-called big men are return
is aloih thelr vacation trips and few are
already In town. and the street expects a
renection or their views in the September
market. wall street is not long of stncLs
out the country is. This condition is
usually sure to produce at least an effort tn
reverse positions. Thus far there has been
commission houses have refused to sell
ana the investment public are contentad
with present holdings
Liquidation of weak accounts has hae,
noted on several occasions of late but Tins
Iar no general selling movement has made
iliuSn progress. me advent of the leaders
Is therefore awaited with unusual iuteres.
whenever side gains, their influence will
dominate the market. When those Interests
ieIt town 1t was current belief that they
went away long of stocks. If they have
not changed positions higher market with
the outstanding short account for a basis
would probably follow new activity II
the original belief should prove To have
peen mistaken or stocks have been sold
quietly earlier in the season, very gloomy
interviews may be expected as a preliminary
to repurchasing. After two months of un-
profitable business and no leadership the
market is waiting for the men of capacity
mutation of long stock, however, in the in
term. "