New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-06
600. .seoo. ai7aso N5.a2s,o 900
ON TIE STOCK EXCHANGE.

Selling for the foreign account and local profit
taking sales caused reaction in the stock mar
ket to-day prices falling on from the level
reached In the advance II the last two days.
Louisville and Nashville suffered the greatest
loss Of the international shares. but transactions
In 1t were not arg" and considerably below
other faNorltss Of the foreigners, II Paul was
down over per cent at the close. and the rest
NJ the Granger group Sh, wed losses under per
cent while the Southwestern group. after maxi
ing advances In the early trading. closed lower,
except Misso ri Pacific. which closed 4 per cent
under It's best prices Of the day. The weakness
and declines In the grain market may have had
an unfavorable influence upon the shares OF the
grain carrying roads OF the principal active
.tocks Missouri Pacific. United states Leather
preferred and Susquehanna and Western pre-
ferred were the only ones 10 show advances over
yesterdays last prices. and gains In these were
only small fractions. with the last prices under
the highest Of the day. Thr anthracite shares
again active. realizing sales being their
chief feature and losses amounting to about the
extent OF yesterdays gains There was no news
concerning the Reading plan or the expected
coal agreement. and. In fact. the day was de-
void Of any outside news Of sufficient weight to
influence Stock Exchange transactions. which
mostly professional and without signif-
canoe. Sugar Refining sold for profits. The
directors Of the Sugar company VIII probably
meet tomorrow to declare the regular quarterly
dividends on the common and preferred stock.
Flint ard Pere Marquette preferred and Mime
apolis and ST Louis were among the inactive
stocks to show advances. nd in the OF the
first named road the advance OF to-day and the
last few days is said to he due TO proposed ex
tensions to the line in Ohio The market closed
heavy and lower.
No gold was taken to-day FOR export but
present estimates indicate large shipments for
Saturday. The Treasury's gold reserve reported
in the Washington Treasury statement to-day.
but rejecting conditions prevailing two days
ago, shows the under the 800 1000
mark at S99.l27,567. The last time the gold re-
serve was below slOO,ooO,O0o was on June 25.
and on July 10 II reached its highest point 81
the year sO7571. 23l. Now that the time is
drawing near when the bond syndcate's con-
tract with the Administration is supposed 20
end considerable discussion is being INDUCED
in as to whether or not the syndicate will con-
tinue to supply the Treasury with gold II ex-
ports continue TO be made after October l. The
bond syndicate. according to the contract has
the right to any issue Of bonds the Government:
may make before October 1. and that is taken
TO mean by the general public that the con-
tract ends then. II gold exports are made after
October /. and II the Treasury's gold reserve is
encroached upon. the bond syndicate will con-
tinue to take care Of the gold reserve This
statement is made on the authority Of a member
Of the syndicate.
BONDS-TIIE FEDERAL TREASURY.
Sales OF Government bonds were confined TO
81. 900 coupon 81 at ll5A. and $4,000 coupon Is