New-York tribune., 1895-07-06

ON THE STOCK EXCHANGE.

Friday July ). p. m.
Trading in stocks presented few features Of in
terest to-day and the business was principally
professional and not widely distributed Early
prices were irregular but tne general tendency
was upward and all the principal active stocks
closed at net advances. The approval OF the sale
OF the Dlstilling and Cattle Feeding Company's
assets and the entering Of the decree for such
sale TO the Reorganization Committee helped the
stock OF the company to advance. and there was
a good buying movement In 1t. The defeat OF the
Greenhut-Morris party cannot fall to help the
property and. though counsel for Mr.. Greenhut
has announced that the decree OF Judge Sho-
walter Will be further contested. there does not
seem much likelihood u anything being accom-
plished which will interfere with the judicial sale
OF the property and speedy and successful re-
organization OF the company. The roorganiza-
ton Committee has proceeded In way thor
oughy in the interests OF the stockholders. ana
1t has received the support OF large majority
Of the stockholders in all It's Efforts to rehaD.n-
tate the concern. The men who are responsible
for the downfall of the company are the only dis
grunted ones and their efforts to block reorsan-
izalion have met a defeat which wall street
welcomes The rest OF the Industrial list. with
the exception OF Chicago Gas. was strong to-day.
and Sugar Refining made net gain Of IA per
cent. The outlook for Sugar from trade point
Of view Is excellent. and the demand Is lncreas-
ing and prices are reported t. be stiffening.
Sugar Refining stock. however. does not depend
much upon trade reports for ns movements, and
IT Is only when its manpula tors grow tired OF
their game that the stock IL subject TO trade
conditions Chicago Gas declined under an ag-
gressivc attack by the bears. but II lost only Is
per cent In the day There were reports that the
head Of the companies had resigned hut II could
not be connrmed and from the most trustworthy
information It learned that there had been
change In the attitude OF the directors on the
dividend. which. 1t appears. VIII be passed
The Granger shares were strong. and Rock ISL
and and Chicago. burlington and Quincy both
advanced for the Gay over per cent, and St. Paul
u per cent There development In the
anthracite situation. and no information has yet
been given ont from Mr.. Morgans office con-
cerning the plan which 1t Is understood he now
has before him for the solution OF the coal trou-
bles Reading and Jersey Central were both
tive and scored net gains Other strong features
OF the market Southern RAILWAY preferred.
Wheeling and Lake Erie common ana Louisville
and Nashville. Colorado Fuel ana Iron wac up
over per cent but lost part OF the gain on
proit-taking sales. London did not figure In the
market TO any extent but there was "A good
commission house demand which helped the mar
ket toward a higher level The foreign exchange
market was strong again to-day. with rates for
actual business fractionally higher. but the early
week gold-export talk was not repeated. and the
Street has become satisfied that the powerful In.
luence OF the syndicate Will not be taken out OF
the foreign exchange market for the present
Silver continues to be exported from this coun-
try by every large steamer. and the opinion pre-
walls in some quarters that II Is being taken
abroad In connection with the settlement Of the
Chnese-Japanesc war indemnity. IL was recent
ly stated by a silver bullion house that silver
was being boarded by foreign syndicate for such
a purpose. For the last few days II has been eav
Ing this country at about the rate OF 900 ounces
a week. Steamers sailing tomorrow will take
out 404, 900 ounces.
BONDS-THE FEDERAL TREASURY
Government bonds sold: $4,000 coupon IS at
1861 and 800 coupon AZ Of 1907 at ll3. Quota
tions were as follows: