New-York tribune., 1894-03-02
c,oervc PRICES OF CHICAGO STOCKS.
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.
Thursday. March 1-p. m

THURSDAY, MdTcH p. H.
The inward movement in the STOCK marKe-
was extended to-day. and wnat was hlsnIy
nleasng to opposing interests was the lhcreaseu
activity The volume Of business was larger
,nor ON anv day for nearly two months. After
q somewhat irregular opening prices adVahced
steadily. and the closing was strong, at pretty
nearly the highest points. The slight hesi'a-
lion visible yesterday wholly disappeared after
the early dealings. The reasons for the fresh
ened confidence were sufficiently plain and the
huving was for both accounts. There seems 10
he little probability that there will be any in
nortant change in the tariff or revenue laws
at this session Of Congress. In other words
the Wilson bill has been smashed. modified
bill may be adopted but If 50 the variations
from the present law will be slight, while In the
differences between the two houses Hes the
chance that nothing whatever will be accom-
plshed Importers and manufacturers may en-
ter confidently on Undertakings. without
fear Of tariff disturbance in the next six months
or. perhaps in the existence Of the present
Administration. Investors and Spectators have
stronger influences in their favor Liquidation
has been practically completed. and In Europe.
particularly. the speculative holdings OF Amer
lean securities have been exhausted Money ~
extremely easy. and with restoration or cOnn-
dence idle funds will seek employment. Rail-
traffic is not large and possibly IL may De
still further contracted. but railway managers
have provided for the loss OF business by
strictest economics In working expenses. They
are so sure Of results that the regular dividend
was declared by the Chicago, Burlington ana
Quincy, and this example Will DE followed by
the ST. Paul company Moreover, the inter-
state Commerce law has been by judicial decision
practically set aside and 10 be made again IN
anv way effective IL must be amended so as 10
permit pooling agreements between railway COM
panies and the long and short haul clause must
only
adverse condition is the relative strength or
foreign exchange, and the increasing prooa-
biiity Of gold exports. The gold will come ulu-
rately from the Treasury. and in spite or the
recent bond sale the gold balance cannot easily
endure a continued drain Fortunately bank
ers hold large balances abroad, and, besides the
export movement may be checked quickly by
therefore. are not likely to be large. while they
will bring their own correction. II is hardly
probable that European confidence Will be dis
turbed by the passage Of the Bland bill in the
lower house Of Congress, because Of the we'll
settled belief that the bill cannot become law
American Sugar Refining was the most active
stock and. indeed. II supplied nearly One-third OF
the total business. Its final advance was per
cent. although its last price was fractonally
below the highest figure. The business was
well distributed. however. and the movement Of
prices fairly uniform The Granger shares
gained fully per cert on an average and IN
the general list final advances were nearly as
large. The closing strong and confident.
THE DAY IN THE BOND MARKET.
In Government bonds there were small trans
actions In both registered and coupon IS At l17l2
full price. In consequence the market was
strong in tone at closing quotations as follows: