Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-14
FINANCE AND TRADE
Lower Prices Throughout the Active
List.
MORE FOREIGN ENGAGEMENTS OF GOLD
Declaring Rock Islands Dividend
Had No Effect.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, December 14-The evening
up Of traders contracts at the close of the
week, and the absence of any outside buy
ing demand, resulted in lower prices in all
parts of the active list this morning. Fur
Their engagements of gold, increasing the
total outflow by tomorrow's steamers to
S., 100000, also contributed to the decline.
Opening prices, in the main, were frac-
tionally higher than yesterdays finals. but
realizing sales at the advance were too
general to warrant sustained values. The
railway list, in which the volume Of bus
mess was we'll distributed, was depressed
from IL to 81 per cent.
The grangers were all active on room
operations, the entire group selling down
1 Is per cent I'm sympathy with the profit
taking tendency of the trading element. A
dividend Of IL Of l per cent on Rock Is
land was declared during the day. but hav-
Ing been anticipated attracted no comment
Erie securities were again weak, the
stock declining 1 per cent on a fair volume
of business. RumOrs Of a stock assess
ment and defaulted interest payments are
periodically revived for purposes of de-
preston and rarely fail in accomplish
ing their purpose. The coal stocks were
weak. Reading and Jersey Central being
the most conspicuous features at reduc-
ton Of 1 per cent. Moderate selling Of
Baltimore and Ohio attracted some atten-
ton, owing to the 1 "a per cent reduc-
ton which followed the effort.
Elsewhere fractional concessions resulted
from a smaller volume of business.
Sugar opened strong and sold up to 81 L.
at which price extensive realizing sales
conducted by brokers usually acting for
inside interests, forced per cent reduc-
ton from best figures. The sentiment on
Sugar has not changed, so far as the ulti-
mate result is concerned, but the recent
sharp advance is believed to have run far
enough to warrant some setback in the
price of the stock. The extent of the reac-
tionary movement is not likely to exhaust
the full amount of the advance, and will
be improved by insiders to repIenish their
depleted holdings and prepare for the du-
plicatiOn of the recent movement.
Chicago Gas was freely sold during the
early trading, losing per cent In conse-
Quence.
may be utilized to advance the price with
In the next few days, but no important
Improvement, such as has been predicted
rather freely of late. is likely until after
the new year. Present purchasers Of the
stock are confident Of their ability to out
do all previous campaigns on the long side
of this property. The balance Of the in
dustrIal group was not sufficiently active
to justify comment.
The market for sterling and continental
bill was decidedly improved in tone this
morning, rates being fully 1872 to 1-l6 be-
low those of yesterday. The weakness was
erS' hills drawn against gold shipments.
The offerings of commercial bills particu-
larly those drawn against cotton, are less
abundant than formerly.
A Boston house found 1t unnecessary to
ship the half million gold ordered earlier
in the day and Cancelled the engagement.
The weekly report of subtreasurv opera-
tions reflects a loss Of about 81, 900, 900 to
tho banks.
The interior currency movement Is de-
cidedly unsatisfactory, owing to the con-
tinued influx of morey to this center at n
time of year when the movement should
be in the opposite direction.
The gain to the local banks from this
source alone Is upward of $1,000, 900, which
will be partially Offset by last weeks gold
movement. amounting to S,250,UU. The
last hours business was dull with prices
fractionally in advance of the lowest. An
additional half million gold was taken
during this period, bringing the total up to
81, 800 900 for the week.