New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-24
CLOSING PRICES OF BOSTON STOCKS.
ON THE STOCK EXCHANGE.

Wednesday October 23-p m
The bulk Of the business in stocks was cohhheo
to few companies although at times there were
some symptoms Of activity in special Issues Con-
siderable uneasiness over the foreign exchange
situation vas the chief factor OF influence IN the
market and a further advance In sterling rates
again revived talk Of gold exports but at the
present the condition of the exchange market ooes
not indicate any shipment of the metal this week.
Drawers Of exchange are naturally looking out
for ton rates and the policy is apparently TO keep
quotations as near the gold shipping point as pos
sible and from the known supply of bills in the
market 1t would seem that exchange could be got
at figures which would make gold exports unnec-
essary. How long the supply Will last can only De
conjectured 1t would not be wise to count upon
an extraordinary increase in cotton Dils, Tor oe-
spite the recent break In price II IL understood
that the demand from Europe has not. IN the last
two days at least. materially increased III the
break In the price of cotton caused heaVy III
crease in the export movement to-morro"s eN-
change market will show It, as Ii takes day OF
so for bills against purchases MADE on the udy vi
the break to appear in the market; but well-in-
formed men In the cotton trade said to-day that
the increase in the demand had not Deeh so
heavy as some writers would lead people 10 De-
licve The heavy increase III exports or general
merchandise for last week included an increase IN
cotton shipments but this increase was not aD-
normal and in fact. the shipments showed !lttIe
change from those in the corresponding week last
year The foreign exchange market tends toward
higher rates and best-informed bankers say that
in their opinion reactions will only be temporary.
The recent sale OF interest in the Anaconda
mine abroad has furnished considerable exchange
and there is still some of IL TO be offered ana there
are some indications that more exchange may
come into the market from sales OF American
securities abroad. 1t was reported to-day that
the Pennsylvania Railroad Company had negou-
ated Sc 600 900 per cent bonds Tor rounding pur-
noses which would be sold IN Europe.
Sugar Refining the most active STOCK on
the list. sales in 1t amounting 10 over 42,OOO
shares and its price showing net decline OF
nearly 2 per cent. There were rumors OF poor
trade prospect for the Sugar Rehning Com
pany but these only Wall street visions
and did not represent the actual condition OF the
Sugar Refining Company's business. 1t Is
learned from interests calculated TO know some
thing about the Sugar Trust. that its earnings
continue enormous and that there has been 10
apprecable falling off in profits since the heavy
earnings in August. and none expected just AT
present The rest Of the Industrials were com
paratvely quiet. Missouri Pacific. missouri.
Kansas and Texas and Texas and PACING were
lower the expectation that the shortage IN
the cotton crop will cause shrinkage In earn,
ings. and the Granger shares were weak ana
declining on bear pressure. Manhattan Ee-
waited was vigorously attacked by the bear ee-
ment and yielded over per cent. The coalers
were lower and, In fact. the whole list OF prin-
c.pal active stocks closed OF net declines TRAD