The Washington times., 1894-05-20
A DAY OF ACTIVITY.
The Industrial Groups Suffered More "
vereIy Than Any Other Stocks.

The Industrial Groups suffered MOTc oe'
vereIy Than Any Other Stocks.
NEW YoRR, May le-An active business was
done on tho stock exchange during the two
hours of trading to-day, but 1t was on the bear
side of the market, and resulted in the establish
ment of a lower range of values in the great ma
iority of the stocks dealt in the industrial group
being the heaviest sufferers There was no in
dication at the opening Of the market, but
set in later pretty general advance was made
in the early dealings, which was, however, only
fractional, and which was not participated in by
Sugar. -
The market was then held well until II 30
O'Clock, Just about the time the bank statement
was issued, when a heavy selling movement was
organized which sent prices down rapidly, with
the Industrials in the van There nothing
in the figures of the statement TO cause alarm,
the changes being unimportant and the reserve
being S19000,000, against less than S25,0000O0 a
year ago. The only unfayorable item was the
small decrease In loans, which reflected the pre-
vaiiing dullness of trade
The prevailing condition of stagnation in COM
mercial circles is perhaps the most serious OBJ
stacle in the path of the stock market, and the
weekly trade journals take particularly
gloomy view of the outlook in to-days issues. A
good deal OF long stock came out to-day and the
shorts considerably increased their lines. In the
late dealings some of the bears who have a con-
stitutional objection TO leaving their lines un-
covered over Sunday came into tho market,
which impaired n tone of apparent nrmness to
the speculation at the close.
The decline on the day was heaviest in the In
dustrials, Sugar losing 35s do. preferred, 21s;
United States Cordage, "a; Lead preferred. :;
National Cordage, 1$s; Edison Electric, "a, and
the rest of the group As1s, except General
Electric and Lead, which are unchanged and
Cotton Oil and Consolidated Gas which are "
higher.
In the railway list the only losses exceeding
fraction are ST. Paul and Duluth, 81; Susque-
hanna and Western preferred, p and Iowa Cen
tral preferred, per cent OF the grangers Rock
Island and Northwest are down Il and y, re-
spectively. st Paul is unchanged, and BuriiDg-
ton and Quincy is Il higher. The only other
shares which make gain on the day are Atchi-
son, ~ and New York Central u per cent
The sugar market for the week has generally
been a falling one and some heavy declines are
recorded compared with the closing figures Of
Saturday last, the important ones being:
Sugar, llla; do preferred, 7ls; Pullman, "a;
United States Cordage preferred, Z; do. common,
31S: Manhattan, 615; Nickel Plate, first preferred
q; do, second preferred, 3S4; Cordage, 514; do.
ferred, 5; do. common. pa; Rubber, 43s; Great
Northern preferred, Missouri Pacific, and Metro
politan Traction Company, 4; Tobacco, 31s; Cot
ton Oil preferred and Iowa Central preferred,
8sI; Omaha, 35s; New England, 80; Erie pre-
ferred and Louisville and Nashville, 314; Lead,
31s; St Paul, 3; Western Union, ST. Paul and
Duluth, Quicksilver preferred, and Atchison, 23l;
Susquehsnna and Western preferred. Louisville,
Now Albany preferred, Denver and Rio GranGe
preferred, Illinois Central, and Northwest pre-
fcrred 2ls; do common. lss; Richmond Terminal
Navigation, .; Rhode Island, lss; Chicago Gas
and Distilling, /, and Burlington, u. General
Electric is unchanged on the week.
The railway and miscellaneous bond market
was weak to-day in sympathy with the specula-
tion, and declines were recorded of per cent. in
Toledo and Western flrsts, St Paul and Sioux City
firsts Kanawha and Michigan frsts, and Illinois
Central As Of 1893, rs in Northern Pacific seconds,
do. thirds, u, Peoria and Pekin Union, IA;
Atlantic and Pacific As, 214
Advances were recorded of 9 per cent. In Gin
cinnati and Springfield hrsts and in l. Is. Kan
City and Omaha frsts sold ut 5,le against 12ls
n year ago. Peoria and Decatur Is sold at 81
against 81 y on May 3. Southern Pacific of Gala
fornia Is sold at ssh, against 90 on Maya On
the transactions for the week the principal de-
clines are:
Kansas City and Omaha frsts, 25 per cent:
Erie funded fves coupon, S; Toledo and Ann
Arbor frsts 9: Peoria, Decatur, and Evans firsts,
5le. Missouri Pacific consol is, St Louis and san
Francisco consol Is, Erie second consol, trust
receipts, Peoria and Eastern hrsts, Oregon Short
Line collateral trust nves, and Omaha and ST.
Louis e1-funded coupon. ): do. frsts Cleveland,
Columbus, Cincinnati. and St Louis. sinking
fund sevens, and Southern Pacific of California
IS, each AZ; Chicago 81 Louis, and New Orleans
firss consols &; kansas Pacific conso!s, 3I6; Wa
bash debentures, series B. Wisconsin Central
firsts, and Northern Pacific firsts, 3; do. regis
tered 3l.: do. coupon seconds, 4: do. thirds, 54:
do. Terminal frsts, l3l, and do. consol fiyes
per cent. An advance was made in Chicago, St
Louis, and New Orleans gold nves of 81 per
cent. San,