Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-05
Movement in Stocks Irregular and
Insignificant.
SHORT INTEREST GETTING UNWIELDY
Gossip Regarding Attempts at
Currency Reform.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, January 5.-The movement
in stock values this morning was irregular
and of little Significance The short inter-
est in the market Is again approaching
the unwieldy stage, and is practically
the only visible basis for improved values.
The bear organization has proved itself
superior to that of the opposite faction
and has been favored By the weeks de-
velopments in financial circles. The COM
plete lack of aggressiveness on the part of
the bulls has been conspicuous feature
of recent trading, consequently selling on
all rallies has been the course pursued by
the trading element. The prospects for
activity in either direction are not en-
couraging, and continuation of the
monotonous interchanginE of securities by
beard room operators is all that surface
indications seemingly Justify.
The delay in the progress of currency
reform has given rise to- considerable APP
prehension among all classes of security
holders and prevents any.tlmportant I'M
dertakings until the solution of this en-
barrassing financial problem assumed more
definite and tangible proportions The re-
cent effort on the part of the administra-
ton to force concerted and immediate &C
ton on this subject is not generally re-
garded as having the probabilities of sue
cess arrayed in its favor. Repeated efforts
may result in the passage of a legislative
mosaic which will include the best features
or the unsuccessful attempts and over
come the exigencies of; the present situa-
ton.
Missouri Pacific was a feature of the
railway list on fair volume Of business.
inspired by a reported decrease of S123,000
IN earnings for the fourth week in Deem
Der. A loss of per cent from the days
best figures followed the announcement of
The covering Of short contracts in Jer-
sey Central resulted In advancing the
price 1 5-S per cent only,:to attract re-
newed selling and forcsa a>aseaetion of 1
per cent from the best prices Of the morn
ing. Baltimore and Ohio was moderately
active ar a decline of l-2 per cent on a
revival of recent bear rumors, the denial
of which. from official sources. has had
little influence OH the pessimistic opinions
Sugar was heavy all day and yielded
easily to selling orders, the bulk of which
were attributed to the short account. The
recent action" OF this Stock warrants the
belief in activity in the near. future, the
direction Of which is very doubtful, but
probably downward. -+.g -ans:;sa
The room was more favofably impressed
with distilfers as the result ct the determi-
nation of the stockholders to oppose the
management in the proposed conduct Of
the company's affairs. and bought the
stock in evidence Of its approval.
The Chicago Gas dividend was believed
to be assured by the trading element this
morning, and yesterdays shorts were COW
ered, tOSetner Win SolAe- FuIchaStS Ior
long account. This stock is believed to be
so thoroughly under the control Of the bull
pool. SO frequently mentiahsd in this col
unin. that nothing sayesfbe happening of
what now seems to be the improbable can
prevent the success Of a. very carefully
conceived plan for advancing the price.
The bank statement shows that the banks
have again been exchanging legal tenders
for gold during the week, and have in spite
of u -ge gold exports gained & o00,o0O in
golu. he bulk of which is added to the re-
serve. Considering the borrowing demand
which p usually incident to the end of the
year the increase in loans is generally re-
garded as Of little importance. The in
crease in deposits explains the increase in
reserve, which is somewhat out of proper
ton with the other items in the statement.
The report in detail follows: Reserve in
creased S593. 900. Loans increased $143, 900.
Specie increased, s.. LOG. 400. Legals de-
creased 1924 100. Deposits Increased s., $780,
400, and circulation increased Stl0. 40O.