New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-09
CLOSING PRICES OF PHILADELPHIA STOCKS
CLOSING PRICES OF san rnAxc1sco STOCKS
WHAT WAS Done IN STOCKS.
Monday. January S-D.

Monday, January H-D. m
The impetus Of the sharp advance in Saturdays
brief session OF the Stock Exchange carried the
stock market to higher figures early to-day. But
prices Of last week invited realizing sales which
found the speculation deprived of a heavy part Of
the short interest. The stocks which are dealt in
abroad met renewed selling for European account
and practically Of them failed to close either
without change or considerably lower one must
be extremely sanguine TO expect any restoration
Of foreign confidence in American securities 50
long our Government finances are permitted
remain in disorder and the National Legislature
exhibits glaring incompetency in its treatment Of
all questions which reach 70 the root OF the
safety and stability OF capital. London quota
tons before the opening Of the market here did
not reflect full response 10 our Saturdays
fervid speculation and first prices Of international
stocks were about the best of the day Chicago.
Milwaukee ana 81. Pau. with transactions which
put 1t at tn" head Of the railway list. declined
from 5S3.N53 to 57a,. Louisville and Nashville
sold from 43l4 1885 to 421: Philadepna ara
preferred from 17i3 to l6MM17: Atcnison from
l2A to l1a.M117s; Union Pacific from lS@. Ass TO
1875; New-YoIk Central from SSh49S], 10 ia
and Lake Shore from 1929. Ml23 10 To. Tn
prominent home speculative stocks reacted sharp
~ when the demand from TIE short Interest d.
m.n!shed. Western Union fell from sGlc To "i"a.
Chicago. Burlington ana Quincy from 1Glan0Is
10 75&d and Chicago. Rock Island and Pacific
from G8i4 10 66I4. The in iustrial group IL too
susceptible OF manipulation u consider II IN re-
lation to normal mark tendencies. yci IN nj but
Dis,illing and Cattle Feeding the closing figures
were more than per cen; under best prices
Some international stocks were unqucs,nnhoiy
affected by special considerations. study OF
the report Of the Reading receivers woi!d De
sufficient 10 explain the weakness Of both stock
and Income bonds. Perhaps tn" renewed decline
in Louisville and Nashville may be due 10 the
Abandonment Of The idea Of possible dividend
In scrip The temper of Wall street ~ not pro-
pitious to this sort of financing at present
The Louisville and Nashville directors viii meet
Tomorrow and the half-ycarl% statement IL cN-
pected to show net earnings % about SLiNhVuV
This would be equal 10 more than per cent on
the stock but the needs of the company are said
by well-informed bankers 10 have absorbed rs
ready cash. The tariff changes proposed at
Washington are not likely TO stimulate the South
ern iron industry, which in normal times con-
tributes an important share of L0uisvilles earn
ngs. The announcement near the close that a
Democratic majority in the Hous" Of Reprceen-
tatives had fixed January % as the date for the
final vote on the Wilson Tariff bill was not of a
kind 10 check the late downward tendency of
values Faith in adverse vote on that date
would move mountains. but the real prospect IL
for prolonged struggle In the Senate. The
market closed weak with majority Of the
leading shares at or near the lowest prices Of the
day.
THE DAY IN THE BOND MARKET.
There was considerable activity in Government
4 per cents at the Stock Exchange AZ advancing
PRICES and the final bids were raised X per cent
for the registered and u for the coupon As.