Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-07
Buying Of Chicago Gas Causes an
Advance.
CURRENT RUMORS as TO TEE STOCK
Jersey Central the Feature of the
Regular List.
GENERAL MARKET REPORTS
spec,al Dispatch to The Evening Star

| Special Dispatch to The Evening Star
| NEW YORK, January 7.-Opening prices
| were generally fractionally above last
weeks finals, as the result of the covering
| Of short contracts, but subsequently be-
| came irregular under professional opera
| TONS Chicago Gas was the feature of the
| mornings trading, opening at an advance
| of 1 per cent over closing figures and gain
| ing an additional 1 per cent under pressure
| of the demand from both classes of traders.
| The desire to reduce profits into possession
| became general among the trading ele
ment that initial figures We're restored be-
| fore the noon hour. Good buying was
| noticeable at every concession and the price
| given excellent support around IA The
announcement that the distribution Of the
regular quarterly dividend of 1-2 per cent
had been ordered was received without any
marked demonstration in the price Of the
stock
The company has about perfected plans
for complying with the antitrust laws of
the state of Illinois and will make several
valuable additions to the personnel of it's
directory. Manipulation has recently been
decidedly pronounced in this property, but
now believed to be assumed. intrinsic value
would not be impaired by a substantial
advance over prevailing prices.
Sugar displayed some indecision at the
opening, but yielded to superior buying
demand early in the day and added i Ia
per cent TO first prices. An expected deci-
sien in the case now pending in the Su-
preme Court in favor of the trust was
the reason assigned for the Improvement
in price. The failure to nand down such
decision and the subsequent disappointment
to early purchasers was reflected by small
fractional concessions in the price of the
stock.
Prominent bear operators offered down.
General Electric in the hope of forcing
IN mi fzlx
ceSSful.
In the regular list Jersey Central was
the feature, selling up per cent the
declaration of the usual quarterly dividend
of l "a per cent. This action was unex-
Eected, because unjUstifed by the recent
poor showing in the matter Of earnings
and an unpromising outlook for the coal
trade. Under the circumstances the wis
dom of the step is already the subject of
grave doubt among disinterested fnanciers.
The weakness in Missouri Pacific, mention
ed on Saturday, as growing out of decreas-
ed earnings, vas emphasized still further
today by a decline of "a per cent in the
price of the stock. Elsewhere the small
volume of business prevented any signif-
cant changes in price The Changers were
alternately advanced and depressed within
the limits of 1-2 per cent, but are still in
cluded among the most promising of the
bear Specialties
bills opened strong, with sales about on a
parity with those prevailing at the close
of last week. The receipts of bills espe-
cially those drawn against cotton show
slight falling off in volume AS there are
no fast steamers sailing prior to Satur-
day it is likely that the weeks gold export
will be represented by the total shipments
on that day.
The amount cannot as yet be estimated
but large shipment is predicted.
The features of the last hours trading
were the continental strength of Jersey Cen
trail as the result of the declaration of the
regular dividend and the weakness of Mis-
souri, Pacific under sales by the room. Ir-
regularity prevailed elsewhere in the list
and speculative sentiment was decidedly
mixed on the outlook. Washington adj
vices containing assurances of speed and
currency legislation were in
strumental in giving n fairly firm under
tone to the market, but there is little guar
antee that such legislation is even among
the possibilities of the present Congress