New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-20
CLOSING PRICES OF CHICAGO STOCKS.
CLOSING PRICES or pHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.

Monday August 19-p. m.
The stock Of the American Tobacco Company.
which has frequently proved as good or pad d
gamble as that of the American Sugar Refining
Company monopolized attention on the STOCK
Exchange to-day. There was heavy hquida-
ton in IL. and at the close OF business over
$780, 900 Of Tobacco shares had been traded H. Inc
opening price was anywhere from lozH4 10 IVi'
and from there Il fell rapidly down to 93, fuctu-
ating between that price and 81 most OF the
day. and losing again at the close. its last price
being 3o A week ago Tobacco was up al ia
This stock has behaved the same way before
this time last year selling at about 70, ana IN
January 1894 selling at 697s. on August H. last
year IL was quoted at 9Oss and on August "A at
1O3 and so the present fluctuations are not I'M
natural but reflect more than anything ese the
efforts of the inside clique TO make good turn
in the stock 1t was reported on good authority
TODAY that tie insiders had sold out last week.
and unless they wish to buy the stock back
lower than 80. 1t may run back to above par as
fast as it has gone below. The Attorney-Eeh-
era of Illinois woulc like to declare the Tobacco
Trust to be in opposition TO the laws Oh that
State and other companies would Ike 10 run IL
out of business but their success Is proDlemau-
cal A report was circulated. with good erect
that tho courts of Illinois would take final action
against the company to-day, and after this re-
port had served its purpose it was found that
the Judge before whom the proceedings against
the company have been brought would not re-
turn from his vacation before September. The
talk of the st Louis plug tobacco manufacturers
Offering powerful competition to the American
Tobacco Company may amount 10 something
but the chief influence II Will nave Will De 10
serve the pl:rpose of stock manipulatOrs who
can use it to frghten bona hde holders OF the
stock
Heavy liquidation in an Industrial stock gen
orally causes sympa thetic movement in the rest
Of the Industrial list, and good many nghtLy
margjned holders in Sugar REFINING and Chcago
Gas got rid of their stock to-day II one OF the
speculative bubbles bursts the rest tremble and
shake. and finally follow. Outside or the lndus.
trials the market was strong, ana the eehefai
news of the day concerning the crops was such
as 10 cause good buying in the Granger shares
and the Southwestern railway group In connec-
ton with the crop reports II is interesting 10 note
that inquiry received to-day Dy Some OF tne
banks In this city from their correspondents in
the West for notes Of small denominations, indl-
eating the crop movement demand for currency.
Lake Erie and Western was weak again on small
sales: also Louisville and Nashville: Manhattan
Railway was up per cent. ana western Union
4 per cent. banking house Will ship about 81
600 900 gold on Wednesday. and besides this SloO-
600 gold was engaged at the SubTreasury to-day
for shipment tomorrow. \ firm OF steamship
agents took 500 000 presumably for use In It's
business and at any other time than this the
transaction would pass unnoticed. The gold whlch
will be sent abroad by barking mousse VIII ne
used in part In settlement O the sale in TINS coun-
try OF block Of new Government As recently
sold in Europe. which was mentioned In this col
umn last week 1t is practically transaction OF
last week and the shipment of the gold should not
be considered as indicating continuance OF the
gold-export movement. More gold may go out.
but the general opinion is that the amount viii
be small. and that negotiations are being made
for the sale Of enough securities abroad TO put
a supply Of security bills into this market sufii-
cient to meet current demand.
BONDS-THE FEDERAL TREASURY
Sales OF Government bonds confined to
$1,000 registered 5s at 1854. Quotations were as
follows