New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-16
INCRELSED LIQUIDA ING SALES.
SUGARS ERRATIC COURSE RUMoRs ABOUT MIS-
SOURI, PACIFIC.

sI;GAR,s ERRATIC COUHsE-RUMORS ABOUT MIS-
SOURI, PACIFIC.
There Was an Increased pressure OF quidating sales
in the stock market yesterday which resulted In larger
activity and general material declines In prices Money
on call was in active demand n sin rates, bit 'h'ir
we're no new developments that explained Inc weak
ness OF the speculation. Their" was also "a bo'a"''
absence Of the malignant rinors which sometimes AZ
lend bearish attacks the stock market There was
= ru.h 70 sci, American sugar certificates at ia" open
ing but after fall to o. IL the price stcadied hscn
and closed at a recovery to % 4, net gain OF -
Der cent Ia, the railway share list grew WEAKER
az the dov wore on and In the afternoon Missouri
Pacific broke sharply. touching ~, ana nj ~ L. NJ
the close showed a net loss of - per cent
There were numerous runors that Ia" company con
templatcd new issue Of bonds. 1aes" stories were
denied hy directors OF the company II was sald 'ha'
there we're some old issues which wcr" open 10 re-
dcmpton TIL. year, and provision might De m""e
for their refund!ng al saving OF Interest - tue '"
pany II Is understood that "h"h the MisH"ui' -"
cinc board OF directors meets to organize III 'hi' Guy
after the annual election just held in ~ Lodis = H.
H. Clark viii retire from the presidency OF the Union
Pacific TO become president OF the Missouri faclHe'
The breakup Of the coal comAne was celebrated yes
terday by Il sharp decline In Delaware, I1c""""n"
and Western owing TO the exhaustion OF liquidation
in Philadelphia and Reading tie price oi mat S'ooH
held steady and ended without change. But LacAA-
against l4i "a Tuesday night 1t Is the first Time III
montbs that Lachawanna has sold below l4o Inc
reduction ordered In April prices by the safes agents
OF the anthracite companies Is gci"raHy reeiueu ~
coal circles as indicative Of further decline III"
e,.tonout of the Reading receivers shows llO',o3o
,,. of coal I'm the Possession Of the company. while
about an eoual amount Is in process OF sale on 'mr'y
- ,.,. dave, contracts There are statistics
.v,iIabl. 10 compare the stock OF coal on manu- Ut
IN, date selected In the receivers report FEBRUARY
on, with the same date year ago. but coal men
h.l,.ve tbst A. IS larger because the figures available
&c IN the Readings stock at tdc-watcr points $40" an
,,cr.osa over last wear. II Is feared mat hlahcai
may force the Reading TO sacrhce part vi
This heavy supply OF unsod coal.
Other declines In the active stock hst tnaI tx
,eded 1 pcr cent recorded by Union Iacnc'
New York and New England, Chicago Mii"auhee anu
q paul Rock Island, Western Union. wabash pre-
,rrod and Lake shore The market closed weak WIN
r,c.y dawn to about lowest points for all except a
few properties mama ca,
Tba money market on call commanded q more gen
ouoIr hgb range than on any previous day since 'he
a-,.r s,Jngency set In. The rate at the Stock
unnco aid not rise above IL per cent but the bulk
-, ,h hus,ness WAS done from TO IL per cent ana
lover onoations were exceptional. There Is coh,l-
ned reluctance on the part OF 'ne Dn,m ,i n,ner 4
On time and the negotiation oil commercial puiel 10
s 81 " nTremcy difficult 1t Is said TO be practically
sell ,hs PSpH r IN ,o " 10 accommod1se
, we "mn cnst TONERS in the mercantile community
rho movement OF funds to the Interior mas sIachenu
decidedly, but there sun are u"n8 r.nnraj,zcs the
tnycgn exchanges that no gold eXors are Psai"r.
bankers are worried. however, lest any ueon r 10
nnay rotes should restore TO Europe Hs power ~
draw American gold In se!'e"eh' vi III" ~
trade balance OF the country