New-York tribune., 1896-10-17
CLOSING pRlcEs or PHILApELPHIA srocKs-
Friday. October l6-p. m.

Friday, October l6-p. m.
Speculative ventures the Stock Exchange
continue insignificant. and outside Of the room
trading element there is almost nothing doing.
Brokers carrying few stocks. and the senti-
ment prevailing in all quarters is OF utmost
conservatism The money market and the
stock market both reflect sentiment favorng
strictei dealings. and both are moving in a
fashion best calculated to serve the interests ot
the Street in this snte-ecction period In to-
days market there wss almost complete stag
nation outside Of a few speculative faVorites.
the course of prices exhibiting no movement II
significance. but giving values a: the close some
Improvement over yesterdays closing. Sugar
Refining and s.. Paul We're moderately active,
but elsewhere transactions were limited, total
sales amounting 10 only 106.54I shares. and of
this number the bulk furnished by five
stocks A story intimating future combined op-
position TO the American Sugar Refining Com
pany caused a slight decline in Sugar stock IN
the early trading. bu. the stock rallied on SUD
seouent .denials Of any such alleged opposi-
tion. In sugar trade circles tho story was
laughed AZ. There IL some opposition to the
Trust in various quarters. but from all indica-
tions the concern has nothing TO fear from it's
competitors Among low-prlced issues bay
State Gas was weak on announcement Of re-
ownership for the company, the receivershp
nroceedings having been brought on the ground
/. 81 alleged insolvency induced by alleged fraud
in the financial operations or the coHlPdnS
MANAGEMENT Weakness in the early trahire
throughout the list was follower bF hIh"r
prices in the afternoon. the heavy golu ihipUU''
movement affecting speculative sentiment "a
1,orablv and another advance In wheat also
being effective in advancing values par'icu,
lariv the Granger shares. The close Was uuI
and slightly under best prices ,onso'.p". ~,
Gas and Illinois Steel were exceptions 20 "a "a
u
per cent respectively T., .o.,,
Tbe.condition OF the money market Is strofs
with advancing tendency anu In ia,t,in,ste
marking up OF rates has been Que 10 Ies 'i
factors in the situation. and not to mahipuld
tion as reported and suggested III SOM du"'
ters II was pointed out IN TINS cOIuiii o.
recent date when rates Showed an easier zen
dency that easy money could not De - ~. -
for some time 10 come, and that even a'tol w w
election rates would probably nod SHUTS stlpns'
chterv from the increased demand Tor accoIhiIlo
dation which widespread revival ~ pusl"e''
would create At present the demand rom IN IN
interior for currency IL cOmparauVely healg .pi
80, movement PURPOSES. and from countft
hanks which are strengthening their reserve
20 ,n.as,1re Of precaution. although 40 far
az the political situation is concerned tnere dl
naars little reason for Withdrawing their pdi-
ances from this city. AT such liiia, NV
no matter how bright the prospects may pe'
human nature dictates caution anu dil -,
~ bankers are conducting operations on Nt'F
conservative basis. In time money th"re - Piae
tically nothing doing. and the commercial pai'
market after it's brief squirt of re" Week. ak ''
has relapsed into comparative stagnhtioh. NJ
is little inquiry for ACCOMMODATING; an ro W.
| hanks on account Of their reduced holdings are
| ro, making any general engagements me
| hank statement which will be issued to-morro"
| should. according 20 the known mo ei'',n~ & -, "a
~'Nra,, in the week show a considerable loss IN
| cash and surplus reserve holdings hui the JOSS
this week will be offset early next week By m
norted gold which is now coming IN. fheast-
| nn,arts AZ the Bank OF England to-day for "y-
| nort bcre were about S2WOOWl and arrivals
| tSdav were 81 652 800 while IL is expected that
| a considerpbly larger amount VIII come III OF
to-norrou' q steamers. There was an Increased,
| demand for gold and bullion dealers advanced
| rates to ILmss Of ! per cent Tor spot 10 :. o.
| for calls. , ..,,,o .,..
compared with the final hE"Tes OF Yesterday
follows.