The herald., 1896-04-12
ON CHANGE
Business Transacted and Prices Paid at Home
and Abroad

NEW YORK April 1.-THE speculation
in stocks today does not call for extended
comment, The total dealings, we're the
smallest that have been recorded for many
years past. footing up about 32,ooO shares.
London prices were slightly lower. but the
local market was sHssalmeH h cs prctaThe of th
government crop report failed TO exert
any influence upon prices. although the
est for twelve years with a single excep-
ton. The railway list made general frac-
tional gains. Sugar absorbed the interest
in the industrallist and advanced an i'm
most stagnant. but firm in tone at general
slight improvements: The speculation of
the week has been duh and entirely pro
fessional. The course. of prices, generally
speaking, was irregular. with a sagging
tendency, and final sales record conces-
sions in most instances. with the grangers
Il group. the chief survivors The for
NAL action of the house of representatives
at the outset of the week favoring recogni-
conclusion. but the overwhelming major
ity by which the vote was carried dis
turbed local financial sentiment. The pro
fessional dealers sold stocks. anticipating
a depressed market for Americans IN Lon
don. The news. however. was received
abroad with marked conservatism ana ac-
corlingly the bears took in part of their
lines. To an extent apprehension of gold
exports has restricted business on the
stock exchange owing to the strength OF
however, rates eased off to a point that
would preclude exports of gold on a purely
exchange basis. 1t is understood that any
future will be for the Russian account and
would be practicable only on account OF
the special Inducements. An important
development of the week that will undoubt.
edy cause eventual Improvement in the
earnings of many transportation lines is
the ironclad agreement entered into be-
tween the roads included in the Southwest
ern Traffic and Transcontinental associa-
tons, The agreement covers the steam
ship. lines of the Southern Pacific and other
roads and in the most of its details resem-
bles the contract between the New York
trunk line and connecting roads. Stocks
of various iron and steel companies have
been favorably influenced by the improved
condition of those industries. A notewor-
thy incident bearing upon the reorganiza-
ton OF the Northern Pacific properties set
committee with the holders of bonds OF
the Occur d. Alene division following upon
the arrangement concluded with the hold
ers of Northern Pacific and Montana
were noted in the specialties with sugar.
tobacco and Manhattan most prominent.
The first named was advanced by pool
buying by reported favorable trade con-
intervals. The aggregate. sales We're 164.-
t22 shares Business in bonds footed up
s2I5,000. The tone was firm. The move
ment of prices for the week was irregular
with a declining tendency. Northern Pa
cihc issues displayed strength in the de-
velopments in connection with the settle
ments with some of the branch lines.
Northern Pacific and Montana firsts
the entire Improvement. Sharp losses are
noted in the Kansas and Texas and Atchi-
son isues extending to 3& per cent in the
adjustment fours of the last mentioned
crnment bonds for the week ruled firm and
higher on purchases of $211 800.