The Washington times., 1894-04-21
MARKET RATHER QUIET.
Prices Had an Upward Tendcncy-N0 Col
Expected to Be Exported Soon.

Prices Had an Upward Tendency-NO Gold
Expected to Be Exported Soon.
New YORK, April 20.-It was not a very
active market on the stock exchange to-day.
but the buying was good at intervals, and the
general tendency Of prices was upward, an
Improvement being recorded in the active list
ranging from 4 to u per cent, and in the
specialties extending to 81 per cent.
London was but small factor in the ad-
vance, for although a buyer, it's purchases
were not in large volume. The fact that only
half million additional gold was engaged
for shipment, and that the total amount to be
exported does not exceed three millions, had
a favorable effect upon the share speculation.
as 1t was expected that at least million more
gold would go forward. It is the general I'M
preston, too, that these are the last Of gold
shipments for some time to come, and that
the United States Treasury gold reserve will
not be impaired by reason Of Withdrawals for
expectations.
4 belief in the improved prospects for the
crops, and, consequently, the greater earning
capacity OF the grangers, induced purchases OF
the leading stocks Of that group, all OF which
made fractional gains.
The Industrials were less active than usual,
but participated fairly well in the advance
recorded Chicago Gas leading both in the
transactions and gains, the impression gained
ground that the company has little to fear
from the quo warranto proceedings.
Reports that the negotiations looking to
united action, in progress between the outside
concerns and the Cordage company, induced
purchases Of Cordage, causing the shares to
appreciate in value. New York Central was
in better tone than for the past few days; but
little stock was offered, and there were London
buying orders which could not be executed,
being at figures below the current quotations.
The market was very dull at the opening,
but was firm and gained strength as the
morning advanced, prices continuing
to move upward until noon. The higher
figures induced realization and a few short
lines were put out which, caused a temporary
movement. The speculation was unsettled
until after delivery hour, when purchasers
again came into the market, with the result of
again sending the market upward. The final
dealings were particularly firm in tone and
tie market closed streng.
The principal advances are per cent. in
Missouri Pacific; IL in Chicago Gas and
National Linseed; in Consolidated Gas and
National Cordage preferred; 3 in Evansville
and Terre Haute; 81 in Interior Conduit, and
554 in Alton and Terre Haute common.
Declines were recorded of per cent. in
Delaware Lackawanna and Western, National
Starch and Rubber; 155 in Canada Pacific,
and in st. Paul, minnesota and Manitoba.
New England opened higher. but was
sold down per cent. on report that the
proposed organization plan provided for an
assessment of $40 a share on the common and
S25 on the preferred stock, and that it also
called for the issue Of 5 per cent. loan to
the amount of SIS 500 900. The railway and
miscellaneous bond market was firm through
out the day and fairly active.