New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-17
THE CLOSING PRICES OF BOSTON STOCKS
ON THE STOCK EXCHANGE

luesOdy, July lo-p. III.
There Is little interest in stocks Just at pres
ent. except by certain class OF people who enjoy
watching the movements Of the manipulated In
dustrias, and until there has been change in
the foreign exchange market and the harvest has
been gathered there will be little activity in the
standard shares. The transactions In stocks at
present comprise in great part the Industrial
shares particularly Chicago Gas and Sugar Re-
filming, and, perhaps with the exception OF Read
ing other transactions are extremely small The
Granger and Southwestern railway shares on
some DAYS manage TO foot up fair total. but
such days are rare at present, and, the season
considered such a condition OF affairs Is not UNI
natural While little attention has been given re-
Gently to legitimate investment shares by the
investing public. and while operators FOR de-
cline have succeeded In hammering down their
Industrial favortes. the standard shares nave
we'll sustained their current values. and nave not
acted In any sympathy with the declining manip-
ulated stocks. All conditions continue favorable
for fair harvest and foreign exchange rates can
not long continue at their present high level. To-
days reports from the West ana southwest
showed Improvement In the condition OF the
crops and reports from the Southwest were most
encouraging In Texas an average crop OF cotton
IL expected and a large crop Of corn and the
Southwestern railroads expect greatly increased
traffic returns for the rest Of the year Industrial
share speculation has been the only ac''Ve
feature Of the market for the last two weeks.
and II promises to continue for some time 10
come with all the manipulation and spectacular
effects which have become extremely tresome
TO the general public. and even 10 the ""'
Street gOssips and tipsters
To-day's market was made up of losses when
oil bc acfi gio
side Of the Industrials they were generally only
fractional Various reports were spread concern
ing Chicago Gas. the chief one being that IL
would go into receivers hands. but this was
promptly denied after II had served It's purpose
The stock broke from the opening at 90 10 4s's.
and closed at a slight rally at 81. Tennessee
Coal and Iron was hammered down again to-day
and II lost nearly per cent, and the pubncatl"n
of its latest earnings, which showed surplus.
had no effect in attempt TO force rally IN
the stock The statements OF the officers OF the
concern lead to the belief that increased earnings
from the company's operations Will be put into
the Improvement account rather than dividend
account. From the remarks made by director.
the company's physical condition Is badly In need
OF repairs and an expenditure OF surplus earn
ings for such purpose ought not to detract from
the stock value, which Ia bad enough as II Is.
The anthracite shares were lower. but chiefly
from proft-taking sales There were no develop
ments In the anthracite situation The state
ment of shipments OF anthracite coal Tor June
from the Wyoming. Lehigh and Schuyk re-
gions showed substantial decreases compared
with the corresponding period last year the totai
being 3777644 TONS against 5.ll6.%3 In June. i"'S'
The total tonnage for the year shows an increase
OF 1,27eSS4 tons over last year. and the stock OF
coal on hand at tidewater shipping points on
June 30 was S72.672 tons. against 726.Ss6 tons on
May 81. The Individual Anthracite Operators
Association will meet to-day. and some concerted
action may be taken as TO shutting down the
mines The question OF the prevailing poor
prices will be actively discussed and suggestions
made for relief. The Reading Rsorgansation
Committee wiz hold another meeting this week.