New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-09

on THE STOCK EXCHANGE.

Monday. July s. p m.
A satisfactory settlement OF the anthracite
coal trade has been looked TO by Wall Street
as one of the important factors In Stock Ex
change values and to-day's developments in the
situation helped the Street to believe that some
thing Is about to be accomplished The settle
ment Of the coal troubles centres upon the con-
troll and reorganization Of the Philadelphia and
Reading Railroad. and a conference to-day Of
the Ocott-Eare reorganization committee. at
which Mr. Morgan was present. satisfied Wall
Street that Mr.. Morgan will be the power be-
hind Reading reorganization and the settlement
Of the anthracite question The control OF the
Reading road is al present in NewYork. and the
ideas # the big anthracite companies. whose
chief interests are here. Will be substituted in
Readings management In place Of those OF
Philadelphia interests. meeting Of the
thracite sales agents will be held tomorrow and
definite policy is expected to be arranged. All
the coalers were strong to-day. on the favorable
outlook for agreement between the COM
panes and next to Sugar Refining. Reading
the most active stock traded In. 1t gained
nearly per cent. closing at 1917. The general
market was strong and there was a better COM
mission house demand for stocks, especially
from the West and the announcement that
London had taken a large block Of Pennsylvania
Railroad bonds encouraging, as showing
letup in the demand abroad for good American
railway bonds. Crop reports were excellent. and
the Granger shares developed considerable
strength. The Industrials were not particularly
active, with the exception Of Sugar. and Dis
tliing and Cattle Feeding and General Electric
were the only active ones to show advances
The Southwestern Railway shares were strong
and reports from the section Of the country
through which these roads run were more en-
couragng regards the outlook for improved
earnings
Various reports concerning Northern Pacific
were afoat. but none of them was Of Importance.
According TO trustworthy Information. the North
ern Pacific maEagement's ideas Of reorganiZa-
ton have gained more Roadway than had been
expected by the committee which desired to
make the Northern Pacific a branch road Of the
Great Northern and while Mr.. Hi announces
In the West for publicat ton that the London pro-
posal OF guaranty will go through. there some
people who have excellent reason to believe tina
Northern Pacific will be reorRaniZed lines
which will be radically different from the plan
proposed In the interests OF the Great Northern.
Mr.. Morgan has become better acquainted with
| the situation since he came back from Europe.
! Besides Northern Pacific talk, New England was
| discussed to-day. and its stock gained ga per
! cent. There appears TO be no doubt concerning
, the future control OF the road and all that the
! Street is now waiting for is definite news in re-
gard to its future, which must soon follow the
/ foreclosure sale OF the road, which takes place
! tomorrow. Ii was reported to-day that the buy
ing OF New England was by New Haven interests.
| which wanted more Of the stock and II was also
said that an exchange OF stock Of New II ayen
would be offered 10 New-England stockholders
| The foreign exchange market continued at high
rates again to-day. and syndicate bills were about
the only ones In the market. Gold Is prevented