New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-20
STOCKS.
ON THE STOCK EXCHANGE.
THURSDAY. September 49,

Thursday. September 19-p. m
Under the influence Of a weaker foreign ex-
change market and reports of only small gold
shipments on Saturday. the stock market was
strong to-day last prices being at substantial ad-
vances from yesterdays Anal quotations The
volume Of business was larger and somewhat bet
ter distributed. although dealings In six stocks
amounted to more than two-tiirds of the total
transactions American Tobacco. Chicago Gas.
Sugar Refining. D!stilling and Cattle Feeding.
Reading and ST. Paul monopolized the greater
part Of the transactions, making total OF 22l6o1
shares against total for all other stocks Of
132702 American Tobacco, which was the most
conspicuous stock the list. gained over per
cent on trade rumors principally in reference TO
An amicable settlement of the trouble which has
been brewing between the American Tobacco
Company and independent plug tobacco concerns.
Chicago Gas advanced over per cent on stories
OF favorable developments in the affairs Of the
company. Sugar was up on covering OF shorts.
National Lead gained over per cent on the dec
laration Of dividend Of per cent on the com
mon stock and Whisky like the rest Of the In
dustriaI group. moved up in sympathy with the
leaders Sharp advances in the standard shares
were confined to st. Paul, the anthracite group.
Missouri Pacific and other Southwestern railway
shares Londons transactions were unifnportant
and commission houses had only moderate orders
in the market The affairs OF the New-England
Railroad received some attention to-day upon the
announcement by Mr. Morgan that he had Sc
cured control Of the road In the open market last
spring His statement confirms the remarks
made in this column early In the season that the
control Of the road had passed into MIS- hands
Mr.. Morgan said that he had offered the road 10
the New-York New-Haven and Hartford, ana
that he had no doubt his offer would be accepted
II SO the property would be operated. at least for
the present. as an independent ROAD. ior the pest
interests OF It's own Shareholders ana III harHo"y
wi
There was a slightly better supply OF CONNER
cial bills In the market to-day and foreign ex.
change rates were weaker. but the condition or
the market had a somewhat artificial appearance,
and there were indications that rates were Dein8
forced down by syndicate bankers Weil-in-
formed bankers are not able 10 speak with con-
6dence about the chances for good supply OF bills
for the rest Of the as estimates In the last
two months have been far from what has actually
occurred, and no banker cares to venture furtner
predictions about the near future. The demand
which has arisen this week in many parts OF the
country for currency seems to foreshadow the reai
beginning OF the crop movement, ana WhiIe II is
not safe to say that exports Of our cereals Will be
SUFFICIENT to Offset the tremendous import trade OF
the present II II encouraging TO observe that con-
ditions are growing more favorable. The ease In
the foreign exchange market caused the street TO
grow more buliish on the gold export question,
and II ties fall tomorrow the pront upon gold ex-
ports may be wiped out for a time. but the foreign
trade OF this country under the present tarin law
does not promise to change TO an extent sufficient
to prevent future exports OF the preciou, metal.
over exports, and exports. except in the crop
movement time. must show a weekly decrease, be-
cause the provisions Of the tariff law are such as
10 discourage them. while Europe can throw It's
accumulated stocks upon our shores. And this
stock must be paid for and the sellers prefer gold
in settlement The demand for foreign goods may
shrink however, and then the question Of customs
rece.pt will come to the fore with more sig
nifcance. and while a failing of In demand
would help to end gold shipments. II would have a
most disastrous effect upon the Treasury. Tor IN
iess the imports under the present law are abb
normal the customs receipts are far too small TO
nrovide sufficient revenue. and even In this month
when receipts should make one OF the largest
,o,ais of the year expenditures arc so far over