New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-24
CLOSING PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.

Friday, August 23-p m.
The foreign exchange market has weakened
In the last two days. and though there was no
reduction to-day in rates the tone tended tow
ard further ease. 1t seems probable that an
effort is now being made to reduce exchange TO
the specie point, and we'll informed observers OF
the situation predict point next week at which
gold exports cannot be made at profit Pres
ent rates do not net much gain for the export
ers, and to-day's Withdrawals. which were
smaller than had been expected early in the
week, probably reflected the willingness Of ship
pers to send only much as was absolutely
required. The amount taken to-day from the
ub-Treasury for export Tomorrow was ss35,oOo,
but an additional amount was secured from
other sources. making total exports for to-mor-
row ST. 100000. report that the syndicate had
made large deposit of gold at the SubTrea-
sury in Boston for the Governments account
was freely circulated. but found to be in
correct. as the syndicate merely deposited over
half a million dollars in Boston subject to trans
fer payment by the Sub-Treasury in this city to
the syndicate. This gold was obtained for the
syndicate in Boston and will be used according
TO the syndicate's requirements. The gold re-
serve with to-day's Withdrawals deducted.
stands only few thousands above the 100000
900 mark but this condition Of affairs causes no
uneasiness and has no effect upon the general
situation It is thought that the gold exporting
movement Is nearing it's end and that CONNER
cial houses which have been the heaviest snip
pers Of the metal will not figure to any extent
in the market after next week and possibly
this. - GU,
Gold Withdrawals had no influence upon Stock
Exchange values, and the days trading was APP
parently subject TO no conditions outside or the
Stock Exchange building. The market was mar
row and professional and the total transactions
amounted to only 1881 shares. OF which Ameri-
can Tobacco Sugar Refining and Burlington fur
nished the greater part. Sugar Renning ana
American Tobacco moved with no regularity.
raid was made on the first named in the morning
but IL recovered AT the close and the other al
yanced shortly before o'clock over per cent,
closing at net gain Of az per cent with the
exception Of Burlington. the Grangers were no.
extensively dealt in, although St Paul was larry
active and higher. Rock Island and burlington
were fractionally lower. London bought lew
stocks in this market. but such purchases were
insignificant and were mostly for arDitraee ac-
count Manhattan Railway was down per
cent and Lake Erie and Western issues scored
a further advance. The stockholders OF the orc
gon Railway and Navigation Company nave oeeh
asked TO meet In this city on September s TO con-
slider plan for the reorganization OF the com
pany which has been prepared by the ReorganHa-
ton Committee. The plan provides for new
corporation which Will Issue S24oOO.ooO per cent
ffty-year gold bonds, TO be a second MORTGAGE
on the property, covered by the present nrst
mortgage and first mortgage on all the other
property or the company. IT also provides FOR an
issue Of 81 900 900 per cent non-cimuatlVe pre-
ferred stock and $24 900 900 common stock.
BONDS-THE FEDERAL TREASURY
There were no transactions in Government
bonds. Quotations were unchanged as follows