Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-11
FINANCE AND TRADE
Deterrent Influence on Speculation
Of Gold Exports.
CHICAGO GAS ACTIVE ON A DECLINE
Inside Operators in Sugar Disposed
to Inactivity.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, January 1.-THE engage
ment of over two and one-half millions OF
gold for export by tomorrow's steamers had
a deterrent influence on speculation this
morning and prevented any marked changes
in values. The volume of commission bust
ness small and tho narrow transac-
lions Of traders unimportant. Opening
prices were about on a parity with yester-
days closing. and, with less than a half
dozen exceptions, were confined within a
radius of 1-2 point. Purchases of Delaware
and Hudson for the investment account adj
vanced the price IA per cent, and the
covering of shorts in Rock Island forced an
advance of / per cent, combination OF
motives which made both stocks conspicu-
Gus features of the days business.
In the other less active issues Of the reg
ular list the tone of speculation was mod
erately steady in the absence OF any pres
sure to sell.
Chicago Gas was active on a descending
scale, due to realizing sales at the close of
the week. The interest which will be fore
ed out of the management at Mondays
meeting is believed to have organized
pool to antagonize the one now operating
in the stock. The developments of the last
few days prove concluSively that strong
eastern representation Will be voted into
the board, which will be possessed of both
influence and experience sufficient to make
q campaign against the property extremely
expensive to its originators. In recognt-
ton of this power traders generally prefer
the long side of the account. The short in
terest in the stock, while considerably re-
duced during the week, Is still large enough
to force a sudden advance in the price
whenever such a movement is deemed adj
visa BILE.
Sugar was dull between 80 IA and % 81.
the inside operators being opposed to any
important movement for the present. The
Judges DEVELOPMENTS
not favor short selling, owing to the re-
peated assurances from the inside that
dividends for the year are certain at the
old rate. and that Congress will be unable
to accomplish any adverse legislation. Tn
til the present session OF Congress Is ter
minated, however, no unusual activity Is
likely.
The weekly report of subtreasury opera
tiers indicate that the banks have gained
about $3,250,OO0 in consequence Of the con-
tinued interest disbursements. The move
ment of currency from interior points will
probably result in gain to the banks of
an amount equal to that named above
Last weeks gold export will be charged
into this weeks business. so that the gain
from one of the above sources will be re-
quired TO offset that item, leaving ball
ance of over $3.oO0,o00 actual gain to the
banks.
The last hours trading was the most
active of the day, sudden burst of activ-
ity at the beginning of this period. due to
runlors that Secretary Carlisle had re-
signed, marked up prices to the highest
point of tn. day. Delaware and Hudson
and Jersey Central reflected gains Of = IL
and per cent, respectively, during the
progress of this movement. The rumor
" as promptly denied, however, and normal
conditions were restored.
The trading element is very much in
doubt as to the probable outcome OF the
present complex situation. but while specu-
lation continues professional no important
movement either way, the specialties eX-
cepted, is likely.