New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-23

CLOSING PRICES OF CHICAGO STOCKS.
on THE STOCK EXCHANGE.

Monday, July 22-p. m.
With one or two minor exceptions the stock
market was strong throughout the list to-day.
and most stocks closed at material advances
from Saturdays last prices. Covering Of shorts
was in the main responsible for the advance,
and the greater part Of the trading was purely
speculative. There was no large commission
house buying London did not figure to any ex-
tent as a purchaser and there no particu-
lar news Of sufficient weight 10 influence prices
either way The crop news especially that con
corning corn. good but the harvest is not
yet far enough advanced to bring much outside
buying into the market. and to-days movement
OF stocks must be put down as speculative
turn. The Granger shares developed strength
and activity the Southwestern shares were
strong and the Vanderbilt stocks had an up
ward tendency. The coalers were not active.
except Reading. which closed " per cent below
Saturdays last price. and the lndustrials as
rule were higher Trading In Chicago. burning
ton and Quincy was the heaviest on the Est.
and II advanced IN per cent, dosing at ssia
Rock Island made a net gain Of "a per cent and
Northwestern IA per cent. Lake Shore was mp
per cent from the opening and gained In the
day ~ per cent. The course Of prices in the
last few days has made 1t evident that the
present small outward movement OF gold has
not been of use TO the bear element for depress
ing prices, and IL Is probable that further ex-
ports OF the metal win have as little influence
as those Of last week. Definite announcements
OF shipments for this week have not been MADE
send out some, unless IL secures easier rates FOR
bills from the syndicate. There was no change
I'm the foreign exchange situation to-day and
rates for demand sterling continued to rule at
last weeks closing figure.
Northern Pacific reorga nizatiOn affairs promise
to develop some interesting features TINS week,
and it is probable that the turity holders VINO
are opposed To the Hill plan Of handing over the
road to the Great Northern Will come forward
with a new plan for the rehabilitation OF North
ern Pacific. A plan has been under discussion
nv these interests and II has received the APP
prevail of large holders Of the securities. Of nu-
entail men in the financial community. and those
who behind II are confident OF its success
Mr. HILL Of the Great Northern. has been In the
West studying the situation. and he Is reported
to have found way out Of the legal difficulties
which Mr. Adams. Of the Adams Committee.
recently announced would prevent the London
PROPOSAL OF guaranty. Mr.. Hill VIII be In TINS
city this week with fresh views the plan OF
making the Northern Pacific branch road or
the Great Northern and he will Icy them before
Mr. Morgan. and according TO the report In
dustriousy circulated to-day. final agreement
between the Great Northern and the Northern
Pacific will be reached. The opposition interests
o such agreement refuse TO believe that any
such arrangement be made. and they are
not alarmed at the prospect OF Mr.. Hirs coming
conference with Mr.. Morgan New-York and
ew-Engand decree Of foreclosure sale Will prob
ably be confirmed this week. and the reorgani-
cation will proceed to form new company ac-
cording the reorganization plan. Ii Is not
likely that the new owners Of the property VIII
appear at once. but will wait until the first an
nual meeting Of the company, which Will be held
shortly after the formation OF the new company.
The anthracite coal situation may develop some
thing this week as II Is reported on pretty good
conferences between the anthracite interests and
that another meeting Of the Reading people and
Mr.. Morgan has been arranged.
BONDS-THE FEDERAL TREASURY.
Government bonds sold: $1,000 coupon IS OF
1907 at 1l2h. Quotations were as follows: