New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-01

ON THE STOCK EXCHANGE.

Trading in stocks was narrow and professional
There was continuance OF yesterdays re-
dictionary tendency, brought by realizing
sales and commission houses and London were
not active or inclined to buy. Despite the profit.
taking sales the general list made important
CONCESSIONS and shortly before the close there
was a sudden rally. which carried prices for many
stocks above the opening figures The bull
movement In the last part OF the day was pro-
nounced In Missouri Pacific. Chicago Gas. At
Gibson and the Changers. and observers of the
market expect to see a continuation OF the move
ment in these stocks tomorrow. Louisville and
Nashville was strong and was not affected by
London selling. The directors OF the company
are making preparations to call in its outstand-
ing ten-forty per cent bonds. amounting to over
81 000 900 and now subject to redemption The
company has also decided to cancel the existing
bonds OF the Mobile and Montgomery Railroad
and 10 meet such payments II Is supposed
that the sale to-day to banking house Of $1,000
600 Of is per cent unified gold bonds and $4,000.
900 Of ~ per cent first mortgage hfty-year gold
bonds issued as the joint bond OF the Louisville
and Nashville and OF the Mobile and Montgomery.
was made. The dealings In the Granger shares.
Missouri Pacific. Louisville and Nashville chi
cago Gas and Sugar Refining, made up the prin-
cpal business OF the day sales In other stocks
being confined to small lots. except in the case
OF Reading and Dstilling and Cattle Feeding;
stock was fractonally lower on the Information
that interests allied to the Greenhut-Morris party
would make a further effort to contest the ea!e
OF the property. II is not likely, however. tnat
they will be successful. as the same motion has
already been made before Federal Judge and
denied. General Electric. Western Union and
Manhattan Elevated were dealt in to-day 10
small extent and scored fractional advances.
Lake Shore which has recently enjoyed mod
crate advance. was lower to-day ana me an
thracite coal group was inactive and declined
}s disapDOn tmpnt
Of the big anthracite companies on the coal STU
alton, and the present condition or the TRACE 10
considered to be about as BAD as IL has peen AZ
any time since the beginning Of the coal diner,
ences. Prices are being cut without reserve ana
there numerous violations OF the output re-
striction agreement. The condition or aHairs IA
the anthracite situation Is sufficient to cause tax
about dividend prospects. and the stockholders OF
the various companies may De presenter WIZ.
some very disappointing results when the annuai
statement Of operations Is sent 10 them INC
sales-agen at their meeting yesterday were un-
able to accomplish anything and placed All tne
blame for the present discouraging situation
upon their superiors. Two companies are re-
ported to have refused 10 help extrcate the traos
from the mess II Is now in. IL seems hard 10 o.
lieve, however. that any company would deno
erately cut It's own throat. and 1t is best 10 De-
lieve that the companies officers are as anxious
to the trade on a profitable basis as the gen.
eral public. but are not sufficiently powertu,
bring about such a result. Adler and pette1
hands should then take hold and accomplish
what the present Arrangements have been un
able to do Perhaps i'll the ran tnere VIII 10
final effort to put the anthracite trade upon
paving basis and the stockholders OF the various
companies may then be able to of1er THANKS una
their holdings have Mt deprecated as wouu
naturally be supposed when the condition Of INC
| trade il taken into consideration as factor ~
the stock market value OF the companies seeui.
ties The coal trade lags behind while all othe'
branches OF industry are making progress tow
ard prosperity The efforts or the Aun I'M this
lions inanciers 70 cut down the deficit for TINS
month to figures below the sl0oooooo marx arc
meeting with great success, but IT is only SUI
cess on paper and ia not misunderstood as me
Government to-day only sl5o.S9S, nia sass
the excess OF receipts over payments sooo,vo.
Customs receipts have been very light IN .ne az
less than in many months
BONDS-THE FEDERAL TREAsOhi.
Sales OF Government bonds were connneu 80 -
81 900 coupon IS OF 1925 at l23l2. Quotations "e'
as follows: .,.n