Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-15
Feeling Intense Over Yesterdays
Action ip the House.
GOLD 70 Be SHIPPED FROM LONDON
Spectators Encouraged to Hold
Prices Up.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, February 15.-PriceS were
depressed from IA to IL per cent this
morning under free offerings from the pro-
fessional element The feeling Of the
street was generally bearish, and the ex-
element over yesterdays action in Con-
gress intense, but values were too well
supported, after the first few minutes of
business, to accurately reflect the express
ed opinion of the largest traders. London
will ship something over $i,O0O,OOO in gold
to this country tomorrow on account of the
bond purchase, and traders Were encour-
aged to hold prices up on this indication Of
improvement in the gold reserve.
The volume of business was better than
yesterday, but unchanged In character.
Jersey Central was the feature of the
railroad list. on rumors that the publca-
ton of the annual statement will reflect
a very dfscouraging dividend prospect.
The earnings of this road have attracted
considerable unfayorable comment for sew
eral weeks back. and the forthcoming state
ment is expected TO confirm the rumorS,
utilized with such good effect in depressing
the value of the stock.
On liberal selling, not without indications
of liquidation. the price was steadily de-
pressed to So 3-4, net loss of . IL per
cent. Northwest was active at loss of
81 per cent to 80 ID, the lowest point
touched since the panic of 1893.
The feeling continues strongly averse to
any important improvement in the price OF
this stock, the absence of any loaning rate
after a protracted period of selling being
regarded as indicating the delivery of long
stock.
Elsewhere in the regular list prices were
steady, owing in some measure to the
contracted volume of business.
Sugar resumed its leadership of the IN
dustrial group after its old-time fashion,
~ y,,t1
surprised into covering movement Which,
improved the price of the stock nearly 8
per cent. This advance in Sugar vas a
surprise to the majority of traders, as the
attitude of Congress ON the question of alb
rogating the discriminating duty on re-
fined sugar was expected to foster mod
crate selling movement. The advance at
this time Is significant, as Indicating an
assurance on the part of inside Interests
that no adverse legislation is to be feared
at this session.
National Lead was sold down / per cent
on moderate trading by the room. Fur
Their covering in American Tobacco adj
venced the price of that stock So per
cent. The delay in the Chicago Gas cleo
ton prevented any activity in this stock
The assay Office has received about So
100000 in gold during the week, on account
Of the new government loan, and this
amount, coupled with loss of S., 500 .OOC
to the subtreasury at the clearing house,
will be reflected in tomorrow's bank state
ment.
The movement of currency from the in
terror during the week shows some falling
off, the total gain to the local institutions
from this source being estimated at S.
100000 Bankers report fair demand for
borrowable funds and predict an advance
in interest rates as soon as the movement
of funds to interior towns sets in. An at
tack on prices during the final hour of bus
mess resulted in the recording of the days
lowest figures during this period. Chicago
Gas was added to the active group on the
decline.