The Washington times., 1894-05-15
REACHED Low-wArER MARK.
Trading Was Limited. Due TO Several
Causes-Depression in Many shares.

Trading Was Limited. Due TO Several
Causes-Deprcssion in Many Shares.
NEW YORK, May 14.-Stock exchange trading
reached low-water mark to-day, the aggregate
Of the transactions being 5000 shares The
sales Of but ton stocks reached 600 shares only
three went above 5000 shares, and Sugar alone
passed the 10000 mark.
1t was holiday on London exchange, and the
arbitrary houses were, therefore, out Of the
market Another circumstance which tended to
limit the trading was the occurrence Of the
annual election for officers and governors of the
exchange, in which more interest was mani
tested than for years, inasmuch as the two mem-
bers of the board Of governors who voted
against discontinuance Of the arbritage busi-
ness with Philadelphia and Boston were up for
reelection, and members Of the exchange from
those cities were on the floor actively canvassIng
for them.
The new cut in freight rates also tended to re-
strict business, especially in the trunk line
shares, as introducing n disturbing element into
the situation which the room traders did not
seem TO be prepared to discount
A firm tone characterized the opening deal
ings, but Sugar, which had opened Il per cent
lower, recsded an additional a per cent and
advanced ". began to decline on moderate
selling, and gradually broke l56 to l0iH
At the low point buyers came into the market
whose purchases caused a recovery Of u, BIZ. re-
newed sales in final trading caused reaction Of
VI, the last sale being ct decline from Saturday
of l.s per cent Sugar preferred declined per
cent The depression in these shares tended TO
UiHfIpuittt. thtfc briic no news on tTe street
calculated 70 influence the speculation therein.
Chicago Gas was bought during the morning
on orders from insiders, many Of which came
from Chicago, and an advance OF q, per cent. was
established on moderate dealings The entire
advance was lost in the afternoon by reason Of
lack OF support, and The stock closed only "
Above the lowest figure toucned General Elec-
tric was strong during the early morning, then
became heavy, rallied In the first part OF the
last hour and weakened again at the close The
nuctuation in the stock was within a limit Of A,
npd n n n ms fia mn -toI Iop
The railway list was neglected. St Paul alone
making any showing in the trading. and after
declining is rallied H. The other erangrfs were
dealt in very lightly, and the mova;nent therein
was irsigniicant In the rest Of the list trading
WAS sluggish. and generally slight prices being
held firmly except fo- u few OF the specinlties
and the market vas steady 20 firm ct the close,
the only stock showing advance above a
fraction being Mobile and Ohio. Coriage COM
mon is down II, do. preferred and Ruboer,
1l4. and Kansas and Texas preferred and Dem
yer, RIO Grance preferred, Per cent
The bond market was firm during the greater
part OF the dag. but became irregular in the
late dealings, the principal changes being:
Advances-Toledo and Ann Arbor frsis, 2;
Third avenue firsts, ~; st Paul VI. and NJ
lives, Northwest SINGING Fu d fves. and New
York Central debenture fvea registered. each
I16: do coupon hges. IL; Iiccking Valley Gves,
end Rocl; leland frsts registered, each / per
cent
Declines-Louisville, and Nashville generals
st Louis and SoGthw estern fl SITS. 81 Paul Gold
seycns, and Oregon Navigation Ccllsterai Trust
hves, each per cent: 81. Paul and Ssn Fran
cisco consol fours sold at Is, against 80 on april
q; Oregon Short Line Collateral Trust hves sold
at 80, agains. iG on April -; Chicago, ST Louis
and New Orleans ives sold ct 49, against llIl6
on February %