New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-14
closiNG rElcEs II rMMAnEIrMIA ErlcN..
CLOSING PRICES oY SAN FRANCISCO STOCKS


Tuesday February l2-p. m.
The Industrial stocks were strong to-day, and
the railway stocks inclined t. heaviness. The
transactions in American Sugar refining jumped
from less than 1900 10 nearly 5IoHs shar'F.
From the start this stock advanced steadily ana
its last price showed gain Of over : per cent.
The movement was not fully explained by WASH
ington advices. because there WAS DO certain cF'-
donce that the sugar schedule In the Tariff bill
had been definitely arranged in Congress. II
really makes no difference whether all grades Of
sugar are placed the free list or Uniform
duty is imposed. The decision 81 Congress IL
important simply because /; may settle the ques-
ton Of protection Of the refining interest The
existing law allows = cent pound. and the
Wilson bill cuts this protection IN two. while the
Senate NAV impose a duty on all grades OF sugar
but may make II uniform. The advance in the
price Of the stock naturally suggests tha' "
uniform tax has been found Impossible or lh-
expedicnt It may BE-. however. thai II mercy
represents the satisfaction OF Stockholders" IA"
general meeting Of the company was adl'uiH'"
II month ago until tomorrow. y iur'ho'
iOurnmcnt, which was reported 10 - F'""""'
would convince them that the showing Wa t"I ,
favorable 20 be made public wine dlscuH3'",' -
tariff questions il In progress IN the NaN'"a' -
siaturc. while II to meeting Sn'liH 10 81, ''' ''
are confident that the annua! report WIFI comp. .
. diefrilution Of large profits. With these views
stockbnidors NAV b, excused from selling their
holdings until either Congress or the sugar Coi"-
pany shall decide what IL viii Do.
Next 4, the strength of The Industrial St"'k-
under the lead of Sugar I:"inng n" W.@hnrsA
Of the Granger shares was cpnrl!c uo"S I'i'"t -
Of the market -. Paul declined further n"aiY
per cent and again closed n pTac"' i'IE ~
loves; point TransI ,tions in Chicag'' h"iIInb
ton and Quincy were unusually large ana I'M
etock suffered another loss OF J. per cent }"
both cases il was recognized tina. ihcr' wa: a'i.i
doubt about the rate %; The next dlFI''"' an"
that conservative action by the directors 'lfH-
reduce IT, The declaration by the quincy IN
many is already due, but NJ intimatIon about me
action Of the board IS obtalnab!e 1t should he
observed that the transactions in sugar i''Hh4"S
and -. PAU were considerably more INA" OF,
half Of the total business. and That Bu!Ili!"'v'
Ouinc, WAS the only other stock IN "hl'H me
saies exceeded 5000 shares. In the general Hst
consequently, there was l'tle tradlnE' Du' !.
would be mistake u infer that the R'i.I"I
market was weak In fact IN" maj 'ai"t. rms
were more often advances than declines Nv
York Central rallied "a per cent ai'ny'sn '.''I I
Shore closed unchanged ana Philadepna ana
Reading AtchisOn. Union Pacihc ana N'9,''"
I-nion-not to mention less prominent Sl' ~
recorded fractional gains. Erie was heBlcc,ri
but comparatively firm. In scVcfaI lha'iIi,Vo 80. 3D.,
stantial progress IN the work Of rcconslrucinH
bankrupt companies has been made, ana IN thc
case Of the Erie Railway the assets are 80 arg
that at any time the plan may De dc''Ii'u '-
fectivc. ENCOURAGING reports about the I'eduiHh
determination are current. In the case OF tho
s-nrtbcrn Pacific the efforts of the committee
r.nresenting the second and third mortgages II =
,rovn 10 be IN no respect inimical 10 IL" general
,lans for the reorganization Of the company.
While the market was dulI ana coi!"pii'l
chiefly by professional traders. IL was HOt "e1h
In tone or in tendencies.
THE DAY ~ THE BOND MARKET
,rborc were again no transactions IN Govern
s,,l EXCHANGE