New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-11
Closing PRICES OF CHICAGO STOCKS
LOSING PRICES OF SAN FRANCISCO STOCKS.
on THE STOCK EXCHANGE.


The early stock market was strong, yut sub
sequently on various bear rum0rs and profit TAX
ing sales. there was reaction and final prices
were in the majority of stocks at net declines.
Transactions We're confined to the professional
element ana dealings in Chicago Gas continued
to predominant III a large proportion although
to-days transactions in it were below those Of
the last two days. The plan for consolidating
the Chicago Gss companies has not yet been
officially presented to che Attorney-General Of
Illinois, but II is believed that he understands
pretty thoroughly what the plan cOntemplates
and that it viii receive his approval. The OPP
position element in Chicago Gas the professional
Spectators, continue their fight 10 keep the stock
among the manipulated spcc.altes and it was
rumored to-day that a committee was being
formed 10 fight the committee which
ganized to put the companies upon better legal
basis and t. make the company an investment
property rather than toy for the professionals
The stock lost per cent IL The day and the
rest Of the lndustrals acted in sympathy. The
Changers all closed lower and London selling Of
s.. Paul and rate-cutting reports from the West
prevented occasional rallies in this group from
helping values to score lasting gains. The r.
ports of successful progress %. the plan for the
settlement OF the rate question among the roads
included in the Trunk Line and Central Traffic
associations were received with little or no effect
upon the general railway list and the market
was 50 completely in the hands Of tn profession
ais that favorable developments were not con-
sidered and were in fact totally neglected eX-
cent perhaps in the case of Western Union and
Union Pacific the hrst-named developing con-
siderable activity and a higher price on the
fav0rabe showing made by the company in the
last fiscal year. and the last-named or rumors
Of generalization progress Louisville and Nash
Vile declined on the announcement Of the I'M
favorable Government cotton report and also on
rumors that the dividend had been passed again,
but inasmuch as the directors held no meeting
and Will not meet II consider dividend until
January. this rumoT did not last long or have
the desired effect upon The stock.
silver advanced again n this market ana II
London and the dealings IN silver certificates on
the stock Exchange exceeded those % yesterday,
and the fact that there is q small supply on hand
caused considerable attention 10 be paid % the
increased demand. The supply in TINS market
has been greatly reduced on account OF heavy
shipments by the emeters 10 san Francisco LOT
China and this reduction has, OF course, cause
an increase in the demand. and especially Tor
that used In the arts The accumulation ~ the
metal in London shows no Iet-up ana dealers
here silver bullion report orders fot heavy emp
ments. The effe.t 81 the sudden increase III th'
demand for silver may be The means OF open hS
many mines IN the Wet. for the production mas
been limited and M the present rate OF demand II
cannot meet IT. Silver miners have cuTtalird 'irr
production 10 an enormous extent, preftrflnS 10 +
prepare FOR more extensive mining "heh ul'
metal commands higher price. When an aa- .
vance ln The price OF oliver get III last March IL
was then thought that 10 would continue "l.
enough 10 make IL possible for many hDdHu"n'" +
mines 10 resume operations. - thai uiA' Ddi
silver in this market q lyanred over y P'il'@ ""'
the present gain has only been about points,
The Government crop report Issued lo-u"y '