Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-01-23

Reports Of Prospective Gold Shipments Sent
Prices Down.

Reports Of Prospective Gold Shipments Sent
Prices Down.
NEW YoRK, Jan. 23.-The opening of the
stock market was made on an extremely large
volume Of business, in which distillers was the
special feature, though sugar, St. Paul and
Reading were prominent. The bullish feeling
apparently remained unimpairsd and first prices
were generally small fractions better than those
Of Saturday with further slight improvement in
was severe pressure brought against dis
tillers, however, and rumors that
selling from Washington was heavy 90
celebrated the decline and many stop
orders were uncovered in the stock and de-
cline from 55 to 501< was accomplished in q few
minutes. The transactions in the stock ap-
proximated 100, 900 shares for the first half
hour, but considerable support was ac-
corded at the low figures mentioned and
q partial rally succeeded. The politi-
cal nature Of the boom in Manhattan
led to some throwing over Of that
stock in the early dealings, and from ITO it
dropped to 166 on light transactions, and as in
distillers, only partial recovery was permitted
Railroad shares were unable to stem the in
huence Of these losses, and the activity in
the market was much decreased later In the
hour, and in most cases the early advances we're
lost, though no material movement was
seen except in the stocks mentioned, and in
Chicago gas, which declined L "A to 925<, New
England, which declined like amount to Az,
and In New York and Northern preferred,
which was the strong feature Of the list, rising
from 341S to 35s4. A firmer tone marked the
late dealings all through, which at IL o'clock
was fairly active to strong generally at close to
opening figures.
The announcement that something near a
million dollars in gold would 60 out ON a slow
steamer tomorrow dampened the buying senti-
ment in Wall street, and despite the efficient
support accorded listillers by insiders il failed
to advance, while considerable realization in
railroad stocks was induced. The fall was
specially marked in st. Paul, Western
Union and the btuminous coal stocks.
Tennessee coal and Hooking coal declined liza
per cent, respectively, and Chicago gas lost
about per cent at 1873, but, with exception of
Western Union, which at 99A showed a loss of
11s per cent. other changes were for fractional
amounts The market became comparatively
quiet, and at noon was heavy at about lowest
prices.
Money on call was easy at 2a3 per cent. Prime
mercantile paper 5ha61s. Sterling exchange
is quiet and steady with actual business in
bankers bills at 4s6a4S6l4 for sixty day bills,
and 4S7s4a4ss for demand. Posted rates ASIA
49,
The clearing house statement for today is as
follows: Exchange, SS9, 76l ,oSS. Balances,
e5,0Sl 1884. The subtreasury was debtor at the
clearing house today 81 1926 $685. Government
bonds have been dull and steady. Southern
state bonds have been neglected. Railroad
bonds have been active and firm. Bar silver,
s41.
Gold shipments-Messrs Heidelbach Ikel-
heimer 4 Co. have announced their intention
of shipping $500, 900 in gold in the steamer
Dresden, sailing tomorrow; Ladenburg, Thai
mann d Co. will also send $4,000 in settle
ment of an old balance, and Lazard Frepes are
expected to send 900, 900, swelling the amount
to about 81 900, 900.