New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-29
LOSING PRICES OF CHICAGO STOCKS
WHAT WAS DONE IN STOCKS.

Thursday June 2S-p m.
II was a matter OF some surprise, in view OF
the more threatening developments in the Pull.
man boycott. that the stock market opened
fairly steady to-day Added TO the unfavorable
news from the West the influence Of lower
London quotations and the resumption, in q
small way. OF selling for European account
The reduction in posted rates OF sterling ex.
change seemed to be regarded as an offset TO
these adverse factors Railroad net earnings
for May were depressing az rule. although the
extraordinary reduction OF nearly 81 5000 In the
net results OF the Pennsylvania system was
Justly regarded due 10 the exceptional effects
Of the great soft coal strike. But as the day
advanced the speculation indicated the loss Of
support through the recent elimination Of an i'm
portant trading short interest. When the after
noon brought news Of a further extension Of the
Western railway strikes a moderate selling
movement caused values to give way easily.
Renewed weakness In wheat contributed some
what TO the depression in stocks The Changers
as a group are down about a point, with St
Paul and Chicago. Burlington and Quincy the
only stocks that by courtesy might be called
active Union Pacific. on small transactions
declined / per cent, but otherwise the general
market scored losses OF only small fractions. The
Industrial shares are lower. but only In American
Sugar Refining which fell from lO2hs 10 9912GlOo.
were the declines important The change IN the
course Of Sugar was inspired by word from
Washington that the tariff managers had dec.cS1
TO have the sugar schedule take effect immeds-
ately upon the passage OF the German bill. This
aboishes the original programme by winch II
was proposed 70 defer the sugar duties until
January and present the Havemeyer Trust with
seyeral millions Of dollars
of sterling eNcnaNSe 90 Hot
warrant the idea that there has been any radical
change In the gold situation. The rates ior
French exchange remained IL m al ngures WHICH
will permit the export OF the precious metal "
France on Saturday. and. unless there are new
deyeopments moderate shipments VIII be made
then 4 slight increase in foreign selling OF
American securities proves how ephemeral was
the Influence OF President Clevelands inter-
,aU,'' Intended to "reassure" the pubic Treas
ury parsnips may not be buttered WIN Hhe
words NJ. Clevelands S53. 00O.O 900 "avaiaDlet0Ne
10 pay ordinary expenses or 'ro'erHtilen. ~
Guides about $40 100000 subsidiary silver com
scattered ali over the country in different sup.
Treasures and more than S26.O0OOOO deposl'e1
nv tho National banks to retire circulating io'eS
Tho heavy July disbursements OF the Govern.
mont are at hand and gold exports nave hv'
ceased The inaction n the treasury bepat par,
ment in the circumstances reveals incompeteenlsy
or worse and the Chief Executive seems WILLIS
10 share the responsibility
THE DAY IN THE BOND MARKET
c,,,..rrr,ert bonds at the Stock Exchange were
..,'''S,,,v o,ttve the coupon IS selling at llsy
- ard rho coupon Is at l14NG1l42 Hll4is' Ing
total transactions aggregated sll@VVV az "a 20.
yalue Rids for the coupon as were Tdseu = -
cant hut the asked price OF the coupon % W
Lowered /. per cent. Annexed are the nia' a1'o
tations ,