The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-27
NEW YORK MARKETS..
The stock Exchange.

New York. Jan. 26.-The leading fea-
ture Of todays speeuiations on the stock
exchange was the renewal of the liquida-
ton in Lead common. These shares were
heavily pressed for sale, 1t Is believed,
by insiders, who are in a position to Know
the company's affairs. The character
OF the selling. therefore, caused more Gre
dence to be given to the rumor that the
common was to be taken off the list of
dividend payers. At the opening the
shares were l-2 per cent. lower and
further sharp decline of Ia per cent.
took place. In the latter dealings re-
coyery OF 3-4 per cent. Of. which IA per
cent. had been lost at the close, made
the decline on the day Ala per cent;
Lead preferred declined throughout the
day in sympathy with the common and
Is down 25-S per cent. from yesterday
So far as is known there Is nothing In
the condition of the company TO account
for this depression In the value of the
shares. Chicago Gas opened Use lower
and then advanced I-2c In the covering
or short contracts. The higher range OF
prices was not maintained for long ard
decline of / per cent. was recorded on
free selling. the last being down on the
days transactions. Burlington closed CD
Use And Northwestern Csc, while ST.
Paul and Rock Island are UNCHANGED
Most OF the railway stocks traded In shcw
declines at the end of the day from yes.
terday's flnal sales Some few shares
show gains of a small fraction and Pull
man Is l per cert. higher. Speculation
was generally heavy ir tone. except with
in the last half hour when a covering
movement set in. The market closed
firm.
The week just closed has been dssas-
.trous to the value of railway and indus
trial shares. and the low point of the
month was reached I'm sixty-six OF the
stocks traded In, while some shares said
below the bottom end of last year The
continued heavy shipment OF gold was
one OF the most depressing influences OF
the market. involving SIS it did. serious
decrease In the treasury gold reserve. a1d
a heavy drain on the gold coin In the
vaults OF the treasury available for the
redemption OF gold certificates. Isqnlda-
ton was plainly discerngble IN the shares
OF the receivershIp roads and in several OF
she low priced stocks. Heavy blocks OF
Lead common were thrown on the mar
ket. leaving It to q belief in current -u-
Tsors that the payment OF divf-
tiends on the stock would be discontinued.
AMI talk that TIE forthcoming annual
statement weuid he uufavorable The net
loss on the week fs s Ia rer cent. which
is within IL per cent. OF the lowest. Lead
preferred also shared i'm the weakness and
made a decline OF IS per cent. Northern
Pacific preferred. on a refteratlon ef the
statements that an assessment would be
levied on the shares. sold down rs. with
mai rally OF IL Northern Pafine COM
mon touched . rs, the lowest price ever
registered. Unson Pacific attained an ad-
she week hut toward the close liquidation
OF Tong accounts came and a decline OF
IL 20 sf-z the closing price being Ia
below last saturday
Government tsonas~F Firm. except for S..
which are weak and IL lower.
STATE hosas-DuiI
Railroad bonGs--wsak.
observation-disclosures: February options
closet offered lsa
tfssufias.
Money Oh call easy a, per cent: las;
loan l. ssos@s per cent. Prime naercan-
tie paper. s-ssf IL PER cent.
Sserisng excazrs-e@-f' iru1. with ars9ai
business In bankers bills a. ssss i-f4t
aAt-2 for demand and - - f-tsE4 s. -
for sixty DAYS Posted rates. st-Ssas-.a.
Commercial ssstax. sssz f-sFaS7 -
SILVER certificates. g. "a bs1