Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-12
Fractional Gains Reported in Prices
of Stocks.
TEE COAL STOCKS WERE THE FEATURE
Changers Are Dull, but Generally
Steady.
GENERAL MARKET REPORlJ

| Special Dispatch to The Evening Star.
| NEW YORK, January 12-The continual
| ton Of purchases against short sales gave
| a decidedly firm tone to today's stock
| market, and resulted in fractional gains
| over last nights closing. The high-priced
coal stocks were the features of the reg
| ular list, Lackawanna gaining A IA per
cent on a fair volume of business. and
Delaware and Hudson adding 1 Ii per
cent to yesterdays advance on the shorts.
Jersey Central was marked up 2 per cent
in spite of the strong belief in lower prices
which prevails among certain well-inform-
ed operators. The declaration of HEdson's
dividend for the full year is practically the
only important development in the group
ment in trade conditions not being suff-
GENTLY marked to warrant any material
advance in stock values.
The Changers were all dull but generally
steady at prices slightly in advance of first
figures. Believers in higher prices for this
class Of stocks are confident of the passage
of a pooling bill of some sort, which VIII
not depart materially from the one now
under consideration. Usually reliable
Washington advices are anything but san
guine on the prospects of such legislative
encouraging during the week, but stock
movements, based on the publication OF
these reports. are daily becoming more re-
stricted speculative influence.
trifie less peSsimistic than at the begin
hing of the week, is still without definite
purpose for the future
Chicago Gas was again the feature of the
industrial list, declining l So per cent on
early selling by Chicago houses, the bulk OF
which was credited to proft-taking en- the
weeks advance. Mondays meeting prom
Uses to be perfectly harmonious, and con-
Quoted in the best interests of the COM
pany and the individual shareholders. The
advance has by no means eliminated In
most complete recovery in price toward the
close being regarded as corroborative or
this view.
Sugar sold up 5-S per cent on early trad
ing, but worked back to initial figures at
the close of the days business. A decision
in the company's favor is expected in the
antitrust proceedings and the circular is
sued and mailed to stockholders TO-DAY
showing the earnings for last year are both
relied upon to prompt activity and improve
ment In the stock.
The treatment of General Electric by the
Supreme Court in its decision, expected to
be handed down on Monday next, is likely
to prove most undesirable as a market in
iuence The foundation for the recent adj
vance in this stock is now regarded as too
artificial to withstand the effect of a de-
ciSion such now seems probable
The bank statement shows that the banks
have gained legal tenders and lost specie
for the first time in many weeks. The
large increase in legals is largely at
tributable to the weeks currency move
ment from interior points. The decrease in
specie is small, which makes the net gain
in lawful money a triie over s6.5oO.ooO.
The decrease in loans is due to the closing
up of the government loan and the pay
ments of money borrowed over the first of
the year. The increase in reserve brings
that then I'D to Sal, 49,, 900. The statement
follows: Reserve increased s., 500, 49, loans
decreased s., 1oI, 900. specie decreased s354.-
creased s2.555.oOO and circulation increased
S21, 400.