New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-30

CLOSING rn1crs OF say rRNxcrsco s~ocXs.
WHAT WAS DONE IN STOCKS.


Excant for the trading in about half-dozen
issues the stock market to-day would have
been an insignificant affair Two stocks-Ameri-
can Sugar Refining and Chicago Gas-were the
real leaders In point Of business. and both closed
at practically the lowest points. showing d'-
clnes Of 81 and %. per cent respectively for
the fall In American Sugar there was the eX-
cuse Of a reduction In the price or the COM
modify the company deals in. as We'll as the
threatened success Of the sugar schedule IN the
Wilson tariff bill No explanation was oNtreu
for the weakness in Chicago Gas the ns"hl
rumors Of injunctons ana hostile Legislation
were missing, and perhaps advantage was
taken Of the coming departure for Europe oi
one Of the most prominent directors Of the com
panv General Electric lost nearly 2 per cent
on distinct assertions that new opposition was
being organized, but the price rallied an Dun !
pcr cent when authoritative" denial OF me ~
norris was made Western Union Telegraph was
strong because Of a vigorous deilohsud'ioH
against a new short interest. but aiter risihs
from e4ii 10 s5i4 II receded 10 H@s. New DIX
and New England was purely speculative IN l's
movements but the rally from early safes a,
sia to 11ia@llis was sharp Inc hterm nav on.
shares were disposed To be strong NJ me u"'
sci under an appearance Of foreign buying, but
Chicago. Milwaukee and ST Paul later rcredtd
from 592s t. $50. MjS7.. and Louisville ana Nash-
vile from IA. 10 4Gl, iGls The fall 81 over
per cent in Delaware. Lackawanna ana western
was a not unnatural reaction from recent IN
treme strength
The market seemed to show indifference 10 the
significance of the visit Of the Secretary OF the
Treasury in connection with the PROPOSED ISSUE
Of new ; per cent bonds. II Is difhcult 10 us
cover the utilit, IL the Secretarys conference
AZ the ub-Treasury with n cOnsidcrhple mum
Der Of invited bank presidents. Mt 'arisIs
nersonal assurances of hts confidence III lhe
legality Of the issue were not needed mere Tor
NeW-Y0rk bankers do not take Populstlc 'leW
~ the situation or Of the S"cretafNs authority
No propositions of SUPPORT resulted from me cor
ference for no appeal was made ana Mi' Car
Isle indicated on desire to receiV" the suDSciip
ttong lacking from This monetary centre Shouid
n revision Of programme become necessary |" ,"e
Treasury Department. there Is no DOUBT ,hat
the New-Yorl< bankers will cordially respond tn
any offer made upon a reasonable basis. VIM" II
thr confidence Of the Administration IN llS p'hd
policy is well founded, 1t would be sup"rnu"uS
10 seek any change In tn" present terms "I me
uer cent loan. The certainty that Inc Govern
uenf can command unlimited credit robs 81 IFS
nossllJn adverse effect the existing lndlsIpsltl"h
~ New-York capital to accept one particular
loan offered on terms That are not co"S'u''''
satisfactory or attractive ,., ,
The ma rket closed irregular, but win prices
nearer the lowest than the highes: points OF the
day.
THE DAY IN TIE BOND MARKET.
Government bonds were neglected at the Stock
Exch 1nSe and bids for the per cents "r'f re-
II. he N nfl