New-York tribune., 1895-12-28
CLOSING PRICES OF BOSTON STOCKS.
ON THE STOCK EXCHANGE.

Iower London quotations for American stocks
had a temporary effect upon prices at the
opening this morning, causing slight de-
clines, but subsequently values were inclined
to steadiness and 1t was not until the last hour
that any pronounced movement was made The
market sold off sharply, and the lowest prices
of the day were then made last quotations
generally being at these figures The market
has apparently relapsed in the condition pre-
vailing before last weeks panic. Outside buy
ers appear TO have got all the bargains they
desire and professional traders are again In
control There were no actual developments
accountable for the weakness In the last hour
Of trading. but the steady decline In Baltimore
and Ohio on rumors affecting the companys
financial condition was undoubtedly in part
responsible for the falling off In the general
list. Western Union was directly influenced
by the break in Baltimore and Ohio. as ac-
companving the rumors about the last-named
company was one that ii was selling its hold
ings OF Western Union stock-50.00 900 shares.
After the close of business the vice-president OF
the company denied all the reports circulated
about the company saying that none OF the
Western Union stock had been disposed OF:
that there would be no default on interest pay
ments due January |, and that the company
had not as reported, decided to issue frrm
$40 600 900 to $l5 000 900 OF new preferred stoc.
A member OF the Board of Directors OF TN
Baltimore and Ohio was quoted to-day to the
effect that the company's floating debt would
have to be funded. The stock made a net de-
cline Of ~ per cent, and Western Union was
down 3S per cent.
A considerable amount of gold was Withdrawn
for export tomorrow reducing the Treasury's net
gold holdings to $64 2S6 320 and the Street full
# oh hand isa w
Washington connections were advised that while
arrangements were being made for issue OF
Government bonds. public anVuncement
would be made until Congress had had an op-
portunty TO act upon the bond bills now before
it, The Street now believes that negotiations
similar TO those made last February with the
bankers syndicate have been entered into by the
President with Mr.. Morgan and others, and the
fact that the negotiations last winter were car
ried through successfully helps TO give cheerful
sentiment concerning the success OF the forth
coming issue. There are many leading men In
Wall Street who believe there will be no necessity
OF an issue OF bonds II the President signs the
revenue measure passed BY the lower branch Of
Congress- but there undoubtedly will be a bond
Issue. however. and that II Is expected to have q
beneficial effect upon security values may account
FOR the large purchases In the stock market nv
brokers for Washington clients The decision OF
Judge blscnon In denying the motion 70 continue
the Injunction restraining the Chicago Gas re-
organization committee from putting its plan into
effect helped Chicago Gas stock In the early trad.
ing. put IL sod OF IN the last hour. closing at a
fractional decline from ast nights closing nrics
me lndustrials all closed lower. The Granger
shares were down lAql7s per cent. while the rail.
way nst generally lost above I per cent from
Yesterdays last prices and in several stocks ~"
loss was more pronounced. as In Louisvilie ana
Tasnvlle. which lost nearly 3 per cent Delawars
LacSawamna and Western Sis per cent and De,s,
ware and Hudson 2x per cent """ 'e'"-
Closing prices VI the principaI sct,y. .,.,