New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-12

os1xG PRICES or sAN rnANc1sco STOCKS.
on THE STOCK EXCHANGE.

Monday March lip. m.
/ The stock market O-day presented strength at
| the opening. and transactions were made at en-
advance. but irreguarity and sensi,veness soon
! became the dominating features. and some stocks
yielded decidedly. ST. Paul was strong on the
expectation that the dividend would be at least
per cent and Northwest sympathzed with II
and advanced Jersey Central showed strength
in the early trading. owing 10 inside buying. but
later il declined per cent Rumors about "A
possible reduction in New-York Centrars divi-
dend made that stock feverish all day and 1T lost
nearly per cent. Louisville and Nashville and
St. Paul were bought by London houses at the
opening but both stocks were sold before
noon. Missouri Pacific declined and Balti-
more and Ohio. after nucuatlng up and
down. closed at its opening price. Sugar was
manipulated again by the insiders and gained rs
per cent. closing at lo2i2 There a sharp
advance in money rates to-day, and call loans
made at 3 per cent at time. but the
market eased off at the close and fell TO yer
cent. There have been reports that the bond
syndicate intends to try to advance money rates
in order to depress the sterling exchange mar
ket From the amount OF actual cash held Ly
the banks higher rates may be natural The
plan for the reorganization OF Dstiling and Cat
tie Feeding was well received in the Street. and
It will get the generous support Of the stock
holders
The advance In Sugar has failed t. have any
effect upon the rest Of the market. presumably
because its advance ia due TO inside manipula-
ton rather than from any improvement In the
sugar industry dividend declaration. There
are too many runors In the market about the
conditions Of different properties. and the bear
element has been too forward in circulating its
cherries predictions about this and that stock.
There has been too little courage on the part Of
the bulls" and they have allowed themselves 70
be dOwned and ratified at every idle report that
,vI,.., hon tla f..r
announced his suspension to-day. and ths fact
may dispel the belief that the bears have been
making money. and 1t may assist some who
want to be "bulls' TO a correct understanding OF
the situation. In tO-days market a close OBJ
server might have discovered faint trace OF
Improvement. for the net gains were more nu-
merOus that the losses. ana some operators were
more inclined 10 talk Of Improvement The sell
ing by London In the last week had bad effect
upon the market. but to-day the influence OF ms
seemed 10 pass away when traders realized that
the movement had been purely speculative and
did not denote liquidation. There VIII be meet
ings OF several dividend-paylng ROADS inns week
TO act upon dividends, and there Is suspicion
that one road at least Will announce a reduction
II there was a little more cominon-sense INDUCED
in by the Street in regard to dVid'no rcduc-
lions they would fail 10 have "A bad erect upon
the stock and they would cease to be slch an
noying factors in the market Despite the pres
ent condition OF the market II rs DeheFed INA, II
will soon feel the Influence Of the return or con
fdence In a more pronounced way. ana thef" ~
every reason to believe that the specualNe
portion Of Wall Stree; Will ran lh'o me WIN
the general Improvement which IS the feature OF
almost every kind OF industry at present. II a !
large element the Stock Exchange wonid
concentrate It's attention upon the facts OF re- |
turning confidence and prosperity, perhaps IN" !
influence OF the long season OF doubts ana mis-
fortunes which has made many traders narrow
and pessimistic would pass away more rapidly.
BONDS-THE Federal TREASURY.
Government bonds sold $4,000 coupon a. /
when issued at Il9A and $1,000 registered As at /
ll6%. Quotations were as follows: