Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-12
FINANCE AND TRADE
Monotony characterized Wall Street
Today.
EVEN INDUSfRIALS NOT ACTIVE
Export Of Gold Less Than Usual
at This Season.
GENERAL MARKET REPORTS

special DisDstch to The Evening Star
NEW YORK May l2-After q week OF
pronounced dullness and lack OF purpose to-
gay market drifted into even greater mo-
notony than that which characterized the
trading OF the preceding Eve days In many
instances the total sales averaged from 100
to 800 shares. Initial figures were fixtures
with few exceptions. and stood the days
valuation Of the securities 10 which they
applied London was fractionally higher
but had not enough business to influence the
local opera tions. Prices held well through
out the day. more from lack Of interest on
the part OF traders than from any substan-
tial motive.
There is no disposition, however. TO in
crease the present short interest from the
existing low level Of values. For this reason
the sentiment Of the room favors a rally on
all attempts TO cover outstanding contracts
The western railroad situation is far
from satisfactory, but IL is hoped that some
new agreement will be reached within a day
or two and rates restored. Efforts In this
direction are being made and with the pro-
mise Of good results.
The industrial stocks rescued speculati ton
from stagnation, but even in this group
the activity was merely relative.
Chicago Gas was the most conspicuous.
and gained 1 per cent to 81 Ia. on good
inside buying. The scare caused by At
torrey General Maloney's attempt al for
feiting the company's charter f. pretty
well discounted. especially since the com
pany's attorneys expect TO be quite equal
TO the task OF bringing their case 10 a sue
cessful termination in spite OF the strenu-
Gus efforts Of the opposition.
Sugar was less active than usual but
gair ed "a per cent on early trading Final
figures reflected only a net gain OF Is per
cent
Washington advices are encouraging, and
IL Is believed that friends Of the company
have begun to accumulate stock In antici-
| n IN IA a~S r.
nnal vote on the tariff bill
The disposition OF the enormous surplus
now on hand is under discussion and NAV
lead to another handsome extra dividend
That the surplus exists and can be dis
tributed to holders OF the common stock
under the provisions OF the company's char
ter. is not doubted. but whether the d.
rectors viii elect to make the distribution
at this time Is a much mooted question.
National Lead was stronger but very duIi
at 1-2 per cent advance. Some definite idea
of the probable declaration OF a dividend on
the common stock Of this company will be
had early in the week. and Is expected TO
promote activity. Should the news be favor
able. the short interest In the property
alone would insure a substantial rise
Fodays gold shipments We're Offset by
the receipts OF currency from the interior
and were not considered seriously. The ex
ports from the first OF January 20 date are
less than the average exports for the cor
responding period in the three previous
years and less than one-half Of last years
The banks have lost over g. 100000 IN
lawful money. all of which is in legal ten
ders paid into the subtreasury for gold
The moderate increase I'm loans being the
third consecutive gain is the most encour-
aging feature OF the statement The de-
crease In surplus is Que to an actual loss in
reserve. The statement in detail shows:
Reserve decreased s2l13.575, loans incress-
ed s.. 323. 100 specie increased SS6s 500 legals
decreased 81. 49,. 600 deposits increased S4Si :
100 and circulation decreased So, 100.