New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-13

ON THE STOCK EXCHANGE.

Thursday September PIP. m.
Buying for the foreign account gave the stock
market strength at the opening to-day but as
soon as foreign houses had acquired all the STOCK
which they apparently desired. lower prices ruled
and the market became dull and uncertain
London evidently bullsh on the action OF
the syndicate last night in depositing s3,OOO,WO
gold at the Sub-TreasIry but the effect Of this
on local traders was all over at the close OF the
market yesterday. There was no local support
and commission houses were sellers wherever
profits could be had The Unexpectedly unfavor-
able report on the condition OF corn In Nebraska
and a feeling that another bond issue was In
sight were factors which had a depressing In
fiuence. and declines were general throughout
the list. The condition of the foreign exchange
market and OF the United States Treasury con-
tinues to be the dominating influence upon Stock
Exchange business. and even the announcement
to-day that there was improvement In the coal
trade served only TO bring about slight rally
which not pronounced In prices except In
those for the coal shares. The Lehign valley
and Reading companies advanced the price OF
coal 10 to 80 cents and II is reported that the
demand is slightly improved. This Is natural at
this time OF year. and II the companies could
unite upon some agreement governing the an,
thracite industry there would be benehcial
change at once. AS far as can be learned. the
coal presidents have made no arrangements to
hold meeting nor mas meeting Oh the safes
agents been called. The coalers were higher and
closed at gains OF u to per cent. Reading being
one OF the most active stocks OF the list. The
weakness in the morning was cd ~ a breaK OF
nearly per cent In southern Railway preferred
and in Tennessee Coal and Iron. while the
Granger shares were down on an average OF /
per cent from the opening prices, but recovered
a part of the loss closing above their lowest
prices Of the day burlington made net de-
cline OF over | per cent, and in this stock, as
well as In the rest Of the Changers. there was no
indication OF any support whatsoever. 81. PAM
displayed the greatest ,tivity OF any stock on
the list and lost in the day less than Y per cent
Sugar Refining and the rest Of the Industrials
were weak and perhaps In the case of Sugar the
action of the Stock Exchange Governing Com
mittec In discussing a resolution which, II car
ried will force the dictatorial Trust TO make
public a stateInen, OF its condition. may have
been partly responsible for net loss Of y per
cent The attention OF the Stock Exchange has
at last been directed toward the Sugar Trust,
and there now seems some probability that the
public will get an insight Of the financial condi-
ton Of this audacious combination for the last
two years.
exchange market because no prominent steamer
sails on Friday. and to-day was no exception No
gold was engaged for export. but current esii-
mates indicated that about s2.OO0000 would be
taken tomorrow for shipment on Saturday. The
Treasury gained $4,000 gold In exchange for small
notes to-day. and there was an appreciable in
crease In the demand for this kind Of currency TO
meet requirements from the West and South for
crop purposes The syndicate is reported TO be
carving on active negotiations with the city
banks for gold and there appears 10 be conf
dence that 1, will get all the gold asked for all
though one bank president was quoted this after
noon saying that the syndicate refused 10 let
his bank have any Of the new Is when they were
distributed and that the bank would retaate by
furnishing no gold 10 the syndicate. The city
banks hold about $64 900 900 specie: the gold coin
In circulation throughout the country Is 3i79.7S7.