New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-28
CLOSING PRICES OF PHILADELPHIA STOCKS
CLOSING PRICES OF CHICAGO STOCKS
Chicago, June q. 1905.
,A.vi Ysaterdav Tc-dav
ON THE STOCK EXCHANGE.
Thursday. June PIP. m

Thursday June PIP. m
Interest in the stock market was confined to
a great extent to Sugar Refining and Chicago
Gas. The last-named stock broke over nine
points and closed at a loss OF q per cent. and
Sugar Refining went down TO 1l0h. In regard
to Chicago Gas. the break appeared to be the
result OF heavy liquidation by interests who
have been disappointed in the failure OF the
companies to get desired legislation from the
Illinois Legislature Standard OIL interests In
Chicago Gas have. 1t is understood been throw
Ing the stock on the market In the last few
days. and to-day one prominent connection Of
the company liqudated his holdings TO an ex-
tent which gave the bear element opportunity
for a drive on the stock 1t opened at II. a de-
cline OF over I per cent from yesterdays clos
Ing broke to 637s and rallied to 65A. at which
II closed. There especial reasons adj
vanced for the decline IN Sugar. which Is being
manipulated In its ordinary way. and from its
present course IT appears to be In FOR another
of It's movements which bring disaster TO the
outsiders. There big volume OF business
in Reading, transactions amounting to over 49,
600 shares. and 1t gained In the day Il per cent.
and the rest OF the anthracite group was gener-
ally strong The only theories given for the
strength In this group We're the meeting OF the
sales agents and belief that an effort was
being made to settle the anthracite troubles
The action Of the sales agents on the July out
put and prices was not given out until after
that the May circular OF prices would be adj
hered to and the output placed at about $780,
COO tons
Outside OF the interest and excitement which
always attend big movements In any stock. the
attention OF the street was directed to the out
of the anthracite sales agents meeting
and the conference OF the Trunk Line and Gen.
trail Traffic associations. The meeting Of the rep
resentatves OF the big Eastern and Western
roads To discuss the rate question was made
more interesting account OF the announce
ment that Mr.. Morgan had been called In to
help unravel the tangle In the traffic situation.
The result Of the meeting the adoption OF
resolution In which the members Of the associa.
ton pledged themselves to maintain the full pub
lished tariffs OF eastbound and westbound freight
rates. and this Is to continue In effect long a.
It is observed by all the lines. The members
pledged themselves faithfully TO abide by tho
tarifr rates. and they exhibited an earnest desire
to endeavor to live up to their pledges II the
agreement q strictly adhered TO II will have q
far-reaching and beneficial effect upon the earn
ings OF the roads and their values on the Stock
Exchange Railroads reporting earnings to-day
showed In most cases improvement. and In the
case OF the Pennsylvania there was big In
crease In Its net earnings for May;
and st. Paul also showed an increase
| In net earnings. with a substantial de-
crease In expenses. st. Paul advanced In the
early trading but fell OF subsequently on bear
! pressure. and this was followed by most Of the