New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-02
osrNo PRICES OF PHILADELPHIA STOCKS
on THE STOCK EXCHANGE.


The selling pressure In stocks disappeared to-
day. While there were material advances, the
tone irmer and last prices for the majority
Of active issues were al slight fractional gains
The liquidation Of Tuesday and Wednesday has
had no harmful effect upon values Of standard
shares. and It has been accomplished without any
Injury to holders OF stocks except small holders
margins. 1t has wiped out small accounts
and reduced speculative holdings. but neither OF
these Is to be regretted. In view OF depressing
rumors concerning possible political complications
abroad and the continued strength OF the foreign
exchange market. the general OF Stock
Exchange values is far from disappointing and
gives additional evidence II any Is needed. OF the
accumulation of stocks In strong and powerful
hands. The decline on Wednesday was followed
by good buying by interests identified with sew
eral properties undergoing reOrganizatiOi but to-
day little outside support was noticeabl-. COM
mission houses doing practically nothing in the
market. holiday on the London Stock Ex-
change prevented the demoralizlng influence OF
foreign weakness here, and covering OF shorts
helped prices to a small extent. The volume OF
business was small however. and confined prin-
cpay to the operations OF professional traders.
Outside Of Sugar Refining transactions in no
stock reached 10 900 shares and in most stocks
dealings amounted TO less than 5000 shares, while
at all times trading was dull and lifeless.
Sugar Refining and Pacific Mail We're the only
SHARES 10 snow 0ecIlneS or any importance. In
the first named the decline due to liquida-
ton by interests in close touch with the manage
ment OF the Sugar Refining Company ba sed
perhaps. upon lower quotations for refined sugars
and the announcement that some Of the refineries
would be closed for a short period The course
of Sugar Refining In the last two weeks. In which
time II has dropped about points. has follow we'd
out the programme OF other years before the
opening OF Congress. and there Is no reason to
believe that the people in control of the COM
pany are not giving the stock at present the
same watchful which always IL followed
by heavy profits for them. Pacific Mail broke
upon the announcement In the morning Of the
II rowing over Of the negotiations by the Pana-
ma Railroad Company by which traffic contract
between Pacific Mail and Panama Railroad was
proposed The stock lost In the day over per
cent. The general railway list firm on re-
stricted Transactions Louisville and Nashville
declining. however. the publication OF its
September statement. which showed a loss in
net earnings. but II recovered at the close its
last price being at a fractional advance The
foreign exchange market a trife stronger
and reached 4.s9 for demand sterling but the in
Qury for remittance was light and bankers con-
tinued to express the belief that no gold would
be out next week. The continued advance In
sterling rates. however. is apt to make this be-
lief less encouraging than intended The mar
ket closed steady but exceedingly dull
Last prices Of the principal active stocks COM
pared with those Of yesterday. were as follows: