New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-12
ING PRICES OF SAN FRANCISCO STOCKS
CLOSING PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.
Thursday July lip

Misleading and sensational reports OF damage
| to the crops by frost and storms In the North
west emanating from Chicago. unsettled the
| general market shortly after the opening to-day
| and the Granger shares in particular were weak.
| house which has not been long in the Street
and several months ago WAS bulling stocks was
a heavy seller Of the Granger shares. and some
| traders who distinguished by their erratic
ways and general forwardness the floor
helped the decline in the Changers st. Paul was
sold openly. but the efforts to bring on general
liquidation were not successful, and the Granger
shares sold were lodged In good hands. The
Government crop report and the reports re-
ceived to-day from the territory along the lines
Of the Western roads were sufficient to prevent
any important break in the Granger shares. and
declines brought about by the aggressiveness
of the bears were not large. comparison OF
the stock value Of the Granger shares to-day
with that of a year ago furnishes difference in
favor Of this years quotations, which should be
encouraging to the holders OF the securities and
to those who contemplate making investments
in them Burlington is about II points higher
than 1t was this time last year; st. Paul Is over
s per cent higher and Rock Island about per
cent. Northwestern Is an exception. showing a
loss of about per cent. Such comparison may
be extended to the Southwestern group Of rail-
has been made since July, 1894. The Granger
roads and those In the Southwest all show en-
couraging reports Of earnings. and their busl-
Is now getting into such condition
that expenditures be made on improve
ment and equipment account which the long
period OF depression made impossible before.
Declines brought about for speculative pur-
poses in the shares Of properties the financial
prospects Of which are growing brighter every
day are not likely to amount to much; land and
at the turns Of the Stock Exchange profess
sionals. The demand at present for the West
ern railroad shares is larger than it has been
in the last two years.
The whole market was made up OF losses to-
day. brought about by the bear attack but out
and newfoundland net losses were under ] per
cent Speculation abroad In Americans was dull
the market there evidently waiting to see how
this market received the Government crop re-
port. and the sluggishness Of the London specu;
iation helped the bears here In their efforts
to force liquidation Unsuccessful enorts -
lower the Granger shares were followed Sy
larger concessions. Sugar Refining lost over
per cent closing at i09%, and United states
Leather preferred broke from VI 10 ers;
and closed Ut S8k. Chicago Gas was up and
down. and at one time advanced per cent, but
lost It at the close on realizing sales. Inc an
thracite group was firm at slight concessions.
The report that big railroad deai Is uhuer
way. involving a traffic arrangement between the
Reading and the New England, received consid-
cradle attention In the street. out mia aeniaIs
from those said to be interesteu y" ~. y. :. - -
orally accepted that the stock OF me new Lms ,d
land Company H. at the call OF Mr. Morgan. anu
II is not at ali unlikely that he could reorganize
Reading with arrangements for tramc agree,
ment between IL and New-England Mr. McEeoa
would IKE to have contaminated sucn dea'.
but he thought Of It at time when his power
in railway circles was on the wane. New-Ens
land stock was not helped by the report; ana IL
suffered a net loss OF w per cent. Totai trans
actions for the day amounted to 275.+43 shares.
poNDs-ruE FEDERAL TREASURY.
Government bonds sold. 5000 registered 4s Of