The Washington times., 1894-03-18
WEAKENED AT THE CLOSE
Traders in Nall Street Afraid of the
Seigniorage Bill.
no VERY MARKED DECLINES
More Gold Exports Foreshadowed and Con-
tinuation of the Unfavorable Gossip About
the Distilling Intsrests-Week's Record
Generally Shows an Improvement.

New YORK. March 1.-THE share specula-
| ton during the two hours of business to-day
was only moderately active. and the specula-
| ton was irregular and unsettled.
Rumors to the effect that the seigniorage
bill was TO be signed by the President had a
depressing effect on prices. and the hardening
tendency OF sterling exchange. foreshadowing
as it does exports Of gold. was another unfa-
vorable factor of the speculative situation.
In the early dealings there was good buying
of the industrials during the early morning.
st. Paul was in fair demand for both foreign
and local account. but subsequently realiZa-
tions and sales TO close out outstanding long
contracts depressed the market for the greater
portion of the list. The pressure to sell was
not, however. at all pronounced. and stocks
moved independently of each other. advances
being made in one pool, while declines were
in progress in another.
The market opened strong and closed gen.
orally weak, there being periods of strength
and weakness between whies. A majority of
the active list shows decline from yester-
days closing figures. Distilling leading with
break of II per cent. The depression in
these shares was due to n denial of the report
that n settlement had been effected between
the distilling and distributing companies of
the differences between them. The confer
ence between the companies is still in pro-
gress, but it is said the distributing company
makes demands which the distilling company
is not likely to grant.
Chicago Gas lost 19s on sales. due to an
apprehension of the result of Monday nights
meeting of the Chicago city council, when
the Hyde Park Gas COMPANY ordinance is to
be introduced. In the final sales recovery
of * was made.
D,,b
Rock Island Is; Manhattan 13S. The other
declines being = per cent. Sugar sold up Is
on the early trading on buying credited to
outsiders. hut quickly gave way on a slight
selling movement and lost the entire improve
ment. The preferred stock, however. rose 2
per cent. and held the advance to the close.
On reports that Delaware, Lackawanna
and Western was about to absorb the Toledo
and Ann Arbor road, the stock of the latter
came into good demand and recorded an ad-
vance OF - per cent. Cotton Oil and Great
Northern preferred also rose II, Baltimore
and Ohio "a, Cordage preferred rs, and
Texas Land per cent.
On the week the market shows a marked
Improvement in values. the only shares which
show any material decline being Chicago
Gas, 19l; Consolidated Gas. 81; Manhattan.
11s. and Erie preferred per cent. The great
majority of the shares traded in appreciated
in value. the leading advances being: Cordage
preferred. 101s; do. common. AZ; Tennessee
Coal and Iron preferred, AZ; Edison Electric
Illuminating Company, 4; Lead, 81; do. pre-
ferred, ~; Sugar, s. do. preferred, 215; Mis-
souri, Pacific, 2si: Tole6o, Ann Arbor, Balti-
more & Ohio and Chicago & Alton, each
21s; Morris Essex, "a. and st. Paul, NJ.
& NJ, per cent.
very firm tone marked the dealings in
the bond market throughout the day. The
main changes are: Advances-Keokuk 4 Des
Moines flrsts, 8; Kansas Pacific Consuls. 2;
Houston and Texas general fours. Lehigh Il
Wilkesbarrie fives and Morris & Essex frsts,
each "a per cent.
Declines-St. Jo and Grand Island firsts,
51s; Ohio Southern General fours, 3. and st.
Paul and Northern Pacific firsts, i per cent.
Union Pacific Collateral Trust SKIES sold at
81, against 76 on January2 "a Omaha and St.
Louis frsts sold at Al, against A oo February