The daily morning journal and courier., 1895-02-27
s''.s'-s-s-a.u,uup "
 { BONANIl} I THE MODERN CLEANER
Ettrallcta1.
The Tendency of Prices at the Exchange
 Was Downward.

The Tendency of Prices at the Exchange
 Was Downward.
 New York Feb. 26.-The tendency Of prices was downward at the stock eX- change to-day, and at times the pres- sure from bearish sources was quite pronounced CammaolS brokers were more prominent in the dealings and an erstwhile bull on the industrials 1t was said had joined forces with this contin- gent, The strength of sterling exchange caused some uneasiness, and the trad CTS who were short of the market were endeavoring to create an impression that gold will be exported shortly, as the rates are up to the shipping point. It is needless to add that this belief does not obtain in banking circles. and not the slightest doubt is felt by bankers of the ability of the bond syndicate to carry out it's contract with the govern ment.
 The first drive was made against Chi cago Gas. the stock being hammered down nearly ? points to TOE near the opening on Chicago advices that At torney General Maloney proposed to test the legality of the recent changes in the board of directors of the sub sidlary companies. The granting of franchises to two new companies by t,a f1t3co sro onY,, ,, "A, on,,antI In ct 11ioht was also used against the stock, by late in the day, when 1t was announced that Mayor Hopkins would veto the audinnances rally to 71A@70B was re- corded.
 Two of the Vanderbilt stocks, New York Central and Northwest, were then taken in hand and depressed to STA for the former and to SSA for the latter, a decline of 1A and 1B per cent. re spectlvelg. It was thought that the bulk of the selling in these stocks was for the short account The general list lost about h to 1 per cent. in sympa- thy, Louisville and Nashville, St, Paul, and Missouri Pacifcheing rather prom irent in the dsalingsy Near the close Northern Pacific preferred was more active and ratloff .raptdly to 1894, a de- cline of 11s percerlt. N
 In the inactive list Susquehanna and Western preferred fell A to 34+ and ral- lied to 361a, Adams Expr4ss rose 21s to IA, American sold down q. to 109@11O, and United States A to 42. Canadian Pacific recovered 2Ia. to 42la. Consoli- dated Coal declined Sk to 30
 Among the industrials Cordage se- curlties moved up on buying for d small pool The bonds jumped about 3 points, and stocks moved up %@1A per cent, but subsequently, lost on the rise. Sugar yielded a point to 9O15 on the re- vival of the reports of a reduction in the dividend to an g per cent. basis. Tobacco fell 1A to S62l 0S71s, and Cot ton oil advanced 15s to 2O% @2O%. Dis tillers was firm. The reorganization plan, which is expected this week, pro- vides for a capital stock of $2S, ,000, 900 common and $7000O0O preferred. The old stock is to be assessed $4 per share, for which holders will receive first mort gage bonds. Holders will get 30 per cent. In new commG' and 20 per cent. in new preferred for the old stock.
 The market closed about steady, Net changes show losses of h to IF per cent. Cordage, Big Four, Jersey Central and Lake Shore gained B@% per cent.
 The bond market was irregular. Sales were $S02,00O.
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 46 Broadway, New York and 15 Center street, New Haven: