New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-10
CLOSING PRICES OF BOSTON STOCKS.
ON THE STOCK EXCHANGE.
Monday September 8


Wall Street was a little frightened to-day. be-
cause the bond syndicate turned over no gold to
the Treasury, and this. with Withdrawals Of over
81 600 900 gold for export tomorrow and a weaker
grain market brought about considerable bearish
feeling on the Stock Exchange. The market
opened strong but soon fell off, and last prices for
the majority Of stocks we're at material reactions
from Saturdays closing figures. or the chief
active stocks the only ones to show gains were
Missouri. Kansas and Texas preferred, Tennessee
Coal and Iron and Colorado Fuel and Iron. the last
two moving up over per cent on the cohthueo
reports of prosperity in the iron business, and In
the ca Sc of Colorado Fuel and Iron an advance In
It's stock value appears to be justified by the pres
ent earnings Of the company and oy tme gooo rec
ord it made in the last fiscal year. The Granger
shares were all down at the close, Rock Island
losing X per cent since Saturday. Burlington "a
per cent. st. Paul y per cent and Northwestern
Der cent The coaers weak, Delaware and
Hudson losing over per cent and Reading over
per cent with fractional loss In Jersey Central
and Susquehanna and Western. and loss OF per
cent In Delaware, Lackawanna and Western from
its asked price Of Saturday. There were no de-
velopments in the anthracite coal situation and
the decline in these shares. as well as In most OF
the list was apparently due to the efforts Of the
bears 10 lower values on gold talk. Sugar Rein
ing and the rest Of the 1ndustrials were active In
the afternoon and closed lower.
There was a tendency to liquidate to-day. and
we'll directed efforts OF the bear element sue
ceeded in shaking out considerable stock and
many lightly margined holders TOOK fright AT the
appearance of the market. Probably further
withdrawals of gold for export. reducing the re-
serve below SOS, 900 o00 with no movement on the
mart of the syndicate offset the gold with
drawal by deposits for the Treasurys account
was the leading factor which the weakness in
the market was based. and the close relation
ship between the foreign exchange market and
the stock market wpS made more emphatic by the
course OF stocks The action Of the syndicate In
supplying gold TO the Treasury has made the in
fiuence of the foreign exchange market upon
stock values less pronounced: in fact. II has 10 a
great measure overshadowed foreign exchange
a factor In stock speculation. but II only need
ed the slightest signs OF relaxation on the part
Of the syndicate in supplying gold TO the Treas
ury to make the effect Of high foreign exchange
rates felt in the stock market. But while the
syndicate made deposit Of the precious metal
at the SubTreasury to-day most people think
there Is reason 10 believe that IL has decided
to bring its work 10 end. Unless the state
ment OF member OF the syndicate made
without a full knowledge Of the syndcate's pur-
poses II is still TO be believed that more gold will
be forthcoming 10 maintain the gold reserve
long exports continue. The excess OF i'm
ports Of merchandise over exports continues to
increase. and the increase In imports over last
year from January Is now above $55. 00O. 900.
while in comparison with the same time in 1893
imports SEQ 600 900 less Exports OF mer-
chandise since the middle OF June have averaged
about S56O000O a week. Imports have averaged
over 100000 a week more. and the total eY-
ports since January have been $22 1871 38i less
than In the corresponding time last year. and
s2l,j25 094 less than In the same time In 1893 With
the foreign trade In such a condition gold ex-
ports likely 10 continue. and with this under
stood and the syndicate making no gold deposits