The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-27
GENERAL FINANCIAL NEWS.
Speculation in Wall strest-yorelgn and
Domestic Exchange. rT'

Domestic Exchangs.N Tr'
NEW YORK, Jan. 26.-The leading features
of today's specu alton on the stock exchange
was the renewal of the liquidation in Lead
common. Thete shares, were sayilys pressed
for sale, it is believed, by insiders, who are in
a position to know the company's affairs The
character of thu selling, therefore, caused
more credence to b3 given to the rumor that
the common was to be taken off the list OF
dividend payers. At the opening the shares
were q per cent lower, and further shared
decline of ~ per cent. In the later dealings
a recovery of u per cent, of which a per cent
had been lost at the close, made the decline on
steadily throughout the day in sympathy with
the common, and is down 2ss per cent from
yesterday. So far as is known there Is nothing
IN the condition oft the company to account Tor
this depression in the value ofshares. Chicago
Gas opened "a lowerapd then advanced "a in
the covering OF short CONTRACTS. me hieher
range of prices was not. maintained for long,
and decline OF per cent was recorded on
free selling, the last bsingthe lowest prizes OF
the day. Most Of the other .industrisls are
down ON the days Transactions Burlington
closed up "A and Northwestern "a, while ~.
Paul and Rock Island are unchanged. Most of
the railroad stock traded in show declines at
the end Of the day from yesterdays final sales.
Some few shares show gains OF small frac-
ton, and Pullman is per cent higher specu-
lation was generally heavy in tone, except
within the last half hour, when covering
movement set in. The market closed firm.
The week just close has been disastrous to
the value of rail way and industrial shares, and
the low point Of the month WAS reached In 66
of the stocks traded in, while some shares sold
below the bottom end of last year The con
tinued heavy shipments of gold was one OF the
most depressing influences of tho market, in
volvlng as it did a serious decrease in the
treasury gold reserve, and heavy drain on the
gold coin in the vaults OF the treasury avail
able for the redemption of gold certificates.
Liquidation was plainly discernible i'll the
shares Of the receiyership roads, and in several
OF the low priced stocks. Heavy blocks OF Lead
common were thrown on the market. leaving it
to belief in current rumors that the pay ment
of dividends on the stock would be continued.
and talk that the forthcoming annual state
ment would be unfavorable. The net loss on
the week is 81 per cent, which is within p per
cent of the lowest. Lead preferred also shared
in the weakness, and made q decline OF So per
cent Northern Pacific preferred, on reitera-
ton of the statements that an assessment
would be levied on the shares, sold down 25s,
with final rally of q, Common touched
pa the lowest price ever registered Union
Pacific attained an advance of a per cent in
the early part of the week. but toward the close
liquidation of long accounts came aud a de-
cline of IL to 80, tho closing price being Il
per cent below last Saturday.
Government ponds-Firm, except for 5s,
which are weak and No lower
State bonds-Duil.
Railroad bonds-Weak.