The morning call., 1895-02-10
NEW YORK MARKETS.
The Tendency of Prices During the
Week Has Been Downward.

The Tendency of Prices During the
Week Has Been Downward.
NEW YORK, Feb. 9.-There was a reaction from
the severe depression of yesterday on the Stock
Exchange to-day. At the opening prices were
generally fraction higher, but the improvement
not of long duration and before the end of the
first fifteen minutes the market had become dull
and lost all its tone. The annual report of the
Northwestern Railroad was made public about this
time, showing deficit of 81 656, 1898 against sur
plus of SSS0,154 for 1898. This led to a selling
movement in that stock which quickly COM
municated to the OF the active list, and prices
continued to decline to the close the final sales be-
ing at near the lowest figures of the day.
Northwestern lea in the transactions, opening Ia
higher and closing rs below yesterdays last
price. ST. Paul fuctuated within a range of 10 per
cent, closing at decline OF IA per cent, Burling-
ton lost 49, and Rock Island IA on the day. Sugar
lost 80. The trading in the rest of the list was
light. Declines were established in Tobacco pre-
ferred 70. common q, St Paul and Omaha and
Laclede Gas preferred, and Edison Electric of New
York ], New England "a and Cotton Oil 4s per
cent Pittsburg G. C. G., and ST. Louis dropped 2sl
per cent on a sale of 100 shares
In the week the stock market has been dull, the
sales aggregating only 717,S00 shares. The Tend
ency in the main was downward prices beginning
to sag the very first day OF the week, the depres
sion being largely due TO the delay in announcing
the Government bond issue. Other factors i'm the
heaviness of speculation were the defeat of the
Union Pacific funding bill In the House Of Repre-
sentatiyes and the unfavorable statements of earn
ings of Western roads. London seller of the
international securities, notably Union Pacific
which broke 2, with subsequent recovery of Us
Distilling was notable exception to the general
market at the opening, being strong at an advance
of "a on reports that President Greenhut would
be deposed from the receiyership OF the company
and making further rise on the accomplishment
of the prophety.
The defeat of the Springer bill in the House as
sisted depress prices slightly, but the street had
largely discounted the result. Late Friday after
noon the market received setback, general disap-
pointmeDt being felt that the Government loan
should be only S65 900 000 and also by reason of the
fact that the Government could not make the bonds
at a price less than 334 per cent when 31a was the
highest figure which had been spoken of during the
negotiations. The Cordage shares continued their
downward career and sales were made at the low
est figures ever touched.
The bond market quiet to-day the sales ag-
gregating only $4,000 Some OF the usually mac
tive bonds ruled lower.
The market during the week only made
barely active the transactions footing up S4,l49-
500. Generally the tendency of prices was down
ward.
Government bonds, steady; State bonds, mac
tive; railroad bonds, quiet but firm.
Petroleum, strong: Pennsylvania oil sales none.
March option sales, none; closed, $107 bid: Lima
oil Sales none.
The imports for the week were: Gold, S23 225:
silver S1S,i2S: dry goods, S3,513 233; general
So 1862 The exports OF spices for
the week amounted to $50, 321 in gold and $685.
900 in silver.
Grain and Merchandise