Evening star., 1895-02-09
The Bond Issue Did Not Stimulate
Prices as Predicted.
SPECULATING ASFO THE POOLING BILL
Sugar the Feature of the Industrial
Group.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 9.-After a mod
erately steady opening this morning, stock
values yielded to a professional selling
movement for an average reduction Of IL
per cent. The volume of business COM
pared favorably with that of the preceding
days Of the week, the short account being
credited with the bulk of the transactions.
The bond issue fell far short of its much
heralded purpose as stimulating factor,
and the street, with its usual versatility,
believes that the passage of the pooling
bill would so far remedy existing evils as
to make trading in the long account
profitable experience.
This, on the surface, is shortsighted
view Of the situation, the financial policy
Of the government is unchanged, the gold
reserve. at best, is only temporarily re-
lieved and the fate of the pooling bill prom
ises to be as disappointing as previous
legislative efforts have been. Should the
bill reach vote its passage, under ordi-
nary circumstances, would follow, but the
effort to prevent it from reaching such
crisis is so thoroughly organized that the
monotouy of past experiences is not likely
to be relieved by the final action on this
subject.
The street has hitherto regarded the
passage of this bill certain, so far as
dency to sell stocks this morning was
credited to a growing uneasiness on this
subject. Until the matter is definitely set
tied Washington advices on the subject
will be the dominating factors of the specu-
lative situation.
The publication of Northwests earnings
for the full year was Disappointing IN
cident of the days developments, as is at
tested by l IL per cent decline in the
market price of that stock In the loan
crowd the certificates of this company
loaned at 1-6ia1-32 for use, indicating the
existence of large short interest in the prop
erty.
Lower prices have been predicted for this
stock for several weeks past, and at the
decline there is no decrease in the quantity
of pessimistic comment.
The balance of the Granger group was
fractionally depressed in sympathy with
this movement. Jersey Central and West
ern Union attracted some selling, but the
loss in each was only fractional.
The weeks developments, as a whole,
have been disappointing, and the sentiment
OF the street at the close of business today
is too mixed to foreshadow the immediate
course of prices Tie reign of the profes-
sional operator is in danger of being
overthrown.
The bank statement shows a loss OF
5000. 600 in lawful money, all in legal ten
ders, which were paid into the subtreasury
on account of last weeks gold shipments.
This change, coupled with a liberal reduc-
ton in loans, brings the deposits down
over $12.OO0OO0. The decrease in the sur
plus reserve brings that item down to
$33 1Gc.0 600.
The detailed statement is follows
Reserve, decreased. S2.!S.2 loans, de-
creased, 81, 15Soo0; specie, increased, StsfS.-
4GO: legals decreased, ST. TAG. 800: deposits.
decreased. S12,210,50O, ana circulation, in
creased, Ss3, 400.