New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-16
c1 nsrNc pn1Crs Or pnILAnELPHIA srOCKs
CLOSING PRICES OF SAN FRANCISCO STOCKS.
ON THE STOCK EXCHANGE.


Some Of the traders on the Stock Exchange
started in TO bid up prices to-day, and they met
with a small degree of success. Shorts were
forced to cover but not TO any great extent. The
market was narrow and professional, and there
was the same lack Of available stock which has
been prominent feature all the summer DIS
filling and Cattle Feeding was down fractionaIy
on the efforts of the Greenhut-Morrs interests TO
make q further interference in the final reor-
panization of the company. They now want a
reeettlement Of Judge O'Briens order denying
the Injunction to restrain the reorganization
committee from bidding at yesterdays sale, in
order to bring new suit to prevent the eXecu-
ton Of the reorganization committees plan. The
Greenhut- Morris people have tried so often TO
nrevent q reorganization and failed that II does
not seem probable that they VIII succeed now.
The reorganization committees plan must wait
for confirmatory orders Of yesterdays sale by
the different Federal Circuit Courts before 1t can
he nut into effect, when a transfer will be made
To the new concern which has been organized 10
continue the business American Tobacco de-
clined and transactions in ii were the largest on
the list amounting to over 26,OOo shares' result
ing from a report of a threatened opposition 10
the concern In the West. The rest of the lhdus-
trials moved within fractional limits Inc gen
eral railway list was firm and the meetihg Oh tne
Trunk Line and Central Traffic Associations
committee to formulate plan for a rate agree
ment was considered bull point for the rail
road shares. but advances were Seherdhy OH!
fractional and transactions were small
The chief advance in the stock market to-day
was in New-York and NcwEngland. when went
from the opening at GO to G5lz. There was APP
parently some buying by interests connected
with the company who are Informed concerning
the future OF the road. but covering OF SNORT con
tracts figured prominently as a reason ior the ad-
vance The NewHaven interests in New-Eng-
land have not yet come to the front a meeting
of the successor company will probably be had
in the course of two months. wnen II Is eNpec'eu
that the New Haven's control In the company
will be well defined. The movement In New
England stock to-day was small so far as SAFES
were concerned, only 100 shares being traded
in The prospect for a reduction In the foreign
exchange rates does not appear TO be bright at
he present but II cannot be many weeks before
natural conditions will bring about "A change In
current quotations for sterling bills. A fall In
foreign exchange rates Will be one Of the best
toncs for the stock market. The syndicate has
succeeded in keeping rates up all the summer.
causing much discomfort in the import trade and
elsewhere and making II cheaper 70 settle Oblga-
tione abroad in gold than In bills OF exchange
What the commercial houses outside the syndi-
cate are now trying TO do II to sell down ex-
changes but so far their efforts have had no
effect upon syndicate rates. AZ long as rates
are held above 40 gold will be exported. unless
the syndicate has another card 10 play whicn mas
not yet been brought forth. and which VIII De
strong enough 10 prevent houses not members Oh
the syndicate from exporting gold. a.,
The question Of the syndicates goid hoio'nss
is receiving a good deal Of attention. anu the
Street is inclined TO believe that It's store IL NOT
large. Several OF the banks have peen APP
the syndicate, but very satisfactory ahs"ers
have been received. II was learned TINS after
noon that the syndicate has recently been laree
buyer OF Assay once checks for oulnon WHICH ,