New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-26

ON THE STOCK EXCHANGE.
Monday. February 25-p.


The amount OF business done In stocks was
small and prices were influenced by a weak Lon
don market. selling movement was started
here for the foreign account because OF the pass
ing Of the Canadian Pacifcs dividend on the
common stock. such action being totally unex-
pected and stocks having an international mar
ket were depressed While the range Of prices
for the day showed little more than fractional
changes. the general tendency downward.
and closing prices were in most cases below those
Of Saturday The effect o. the new Government
loan on the stock market is stu matter OF con
lecture, but the sentiment the Street s bull
ish,' and favorable developments are looked for
The success in placing the loan and the big de-
mand for the bonds at large premium at home
and abroad has strengthened confidence, and
this is Of the necessary elements for a good
stock ma rket there seems TO be safety In reason
ing that a change for the better will take place
The returns Of railway earnings do not indicate a
revival OF industries. but the end Of the present
destructive Congress. which Is now near at hand
will 1t is believed be the beginning OF an expan-
sion in the business OF the country. The ad
jOurnment of Congress Is anxiOusly awaited In
the stock market, as the bulls look for favor
able turn at that time. Although the bond syndi-
cate has about completed its work. the new loan
continues to be the chief topic Of conversation In
the banking and speculative community. and
everybody who has the money to spare is trying
to get some Of the gilt-edged paper. The result
OF the allotment shows that the small bidders nd
the banks got the preference. speculative brokers
having their offers refused The FIRST sale OF the
new per cents, deliverable when Issued, was
made on the Stock Exchange to-day. One bond
Of 81 900 was sold at 1Si4. and $4,000 Of the new
bonds at 1ls%. The amount Of gold received at
tn. Sub Treasury and Assay ONCE to-day on ac-
count Of the syndicate was N.3OO.OOO, and the
TreaHlry's gold reserve is now above $75.OOOOoO
The break in the London market In Canadian
Pacific caused q decline here In that stock, and
houses with foreign connections were liberal sell
ers OF American railway shares The failure OF
the Senate TO pass the Pooling bill was another
reason for weakness in the railway shares and
ST. Paul Burlington, Northwestern. and Louis
VILE and Nashville declined On the publca-
ton Of the net earnings Of St. Paul. which showed
an increase there was slight rally In the Gran
gers which caused steadiness at the close. DIS
filling and Cattle Feeding and chicago Gas were
weak. and American Tobacco advanced on uhoH-
cial reports OF favorable earnings. The foreign
exchange market was stronger, ana tne Ihct 'na'
Austria has made engagements FOR goid from tHe
Rothschds led some people In the street 10 pre-
dict that the gold would he taken from THIS couh-
try. 1t does not seem probable. however thdI
such VIII be the case.
BONDS-THE FEDERAL TREASURY.
Government bonds sold: $1,000 registered As at
l3: $1,000 49, coupon at 49, s82o 900 IS, coupon nj
ll6: 81 900 new A.. coupon. when Issued, At ileN.
and $4,000 at lIs% Quotations were az foilo"s'
Act oil