The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-05
so MUCH GOLD GOES
STOCKS CORRESPONDENCE DULL
AND DESPONDENT.
Of the Yellow Metal for Ship
ment Heavier Than for Any Date Since
Auxust-Firm Opening Tone and Early
improvement in the Market Ratified By
Raid ON New jersey Central In SYM
pathy With Which Other Shares Lose
Fractions Afternoon Trading Weak
With Prices Falling.

New York. Jan. At was q dull
market on the stock exchange today
and in the main heavy. A prominent
factor in the depression was the un-
expectedly heavy engagements of gold
for shipment tomorrow, reaching S.
100000 and making the aggregate gold
export for the week $500. 600 which is
heavier than the shipments OF any
week since last August. London was q
smaller in the morning and later was
buyer OF few OF the arbitrage spe-
cialties. but it's transactions were not
sufficient to influence the course of val
ues to any extent.
AT the opening Of business firm tone
prevailed and general Improvement
In prices took place, ranging up to Is
per cent in Lake Shore. the other
gains being fractional. Before long.
however, bear raid was made on New
Jersey Central which had advanced Il
per cent, and decline of per cent
was effected The rest OF the shares
traded in fell of in sympathy TO the
extent or fraction. A slight recovery
TOO place in the active list after IL
O'Clock and Rubber made a gain OF IL
per cent. Speculation. however. quick
y
deage guaranteed had declined lss per
cent, Lake Shore rs per cent. Louis
Vile and New Albany preferred II.
per cent. Lead l per cent and the gen.
eral market fraction. During the af-
ternoon the trading was weak in tone
and the tendency OF prices was down
ward, the market closing weak and in
most cases at or near the lowest point
OF the day. In the list of declines are:
New Jersey Central. 1A per cent; Sus-
Quehanna adm Western preferred, IL
per cent; Cordage. Ia per cent: Cor
Gage preferred, IL. per cent: Cordage
guaranteed, 21a per cent, and Man
haitian, General Electric, Louisville and
Nashville and Southern preferred. 3.
per cent. Sugar sold up g per cent IN
the earlier dealings but fell of IL per
cent in the final sales. making a total
OF % per cent on the day. Baltimore
and Ohio advanced q per cent, de-
clined IA per cent, closing q per cent
above the lowest and Il per cent be-
low yesterdays last sales. Chicago
Gas moved up and down on reports
favorable or adverse to the dividend
question, ranging between 1874 per cent
and 72k per cent and closing at 72Y
per cent. loss of q per cent on the
day. The Changers moved within very
narrow limits and show losses of AI1a
per cent from yesterday. Lake Shore
sold up 1ss per cent and lost IL per
cent OF the gain. Some few shares
show advances on the day, including
Rubber q per cent. Distilling and
wheeling and Lake Erie 81 per cent,
and Bay State Gas. Laclede Gas and
Nationtl Linseed y Per cent.
The bond market was firm In the
morning but in the late session the
dealings were irregular an dthe market
closed unsettled IN tone. There was a
material Increase in the volume of trad
ing, the sales reaching s942,50O Atch-
ison seconds, class B. sold at u per cent
against the previous transaction at
3SA per cent on Dec. IA. 1894.