New-York tribune., 1896-01-18

CLOSING PRICES OF SAN FRANCISCO STOCKS
on THE STOCK EXCHANGE.

fTludN, JuHudly p. H.
There was barely enough doing in stocks to
keep the tickers going. Outside Of few specu-
lative favorites there were no stocks in which
total transactions amounted to more than 1000
shares. and trading in the majority OF the list
was well under these figures. The character Of
the present financial situation is such as to pre-
clude any large operations in the security mar
kei and as the time grows nearer for the opening
of bids t. the new bonds. interest in the stock
market apparently grows less. There is dis
position on the part Of investors and large holders
Of stocks t. part with any of their holdings. but
no new contracts are made and almost every one
seems 10 be holding off until the financial atmos
phere IT, clearer The actual position of stocks Is
strong In the last six DAYS values have appre-
ciably recovered from the declines following the
panic advance and in this respect II Is II be
noted that the course If prices since the Decem-
Der panic has been similar to that in all recent
stock market panics. The panic rule seems to be
first q big slump followed by substantial rally
then a gradual decline to prices as low, and some
times lower than the panic level and subsc-
quently gradual advance. The market at pres
cnt resembles the summer market when through
out the vacation period there was almost absolute
stagnation but persistent strength The only
development In the financial situation to-day was
the withdrawal for export Of 81 100000 gold This,
however. was not unexpected and the surprise
which was expressed over this light engagement
was satisfied when II subsequently learned
that two firms which intended TO ship tomorrow.
had post tpOned doing , until next week. Foreign
exchange strong and the premium continued
on gold and legal tenders. while the offer OF
foreign gold at premium for bond subscribers
was modified II hold good for periods be
yond February >.
Pront-taking sales depressed prices. and clos
ing quotations generally at fractional de
clincs. London sold moderately of the nterna-
tional favorites, principally of ST Paul. despit"
the cOmpany's excellent showing for the second
week in January, published to-day. The in
crease was $ll6342 over the same week y"ar
ago. and since July !. St Paurs increase IN
gross earnings has been $3.4ij.6SA. Most Of the
railway statements made public to-day were
favorable. Texas and Pacific ana the Interna-
tOnaI and Great Northern heinz exc, ptiOns.
the first named showing loss OF S9.as2. and the
last named. one OF Sl2.i3G. The announcement
that call for Il meeting Of the anthracite coal
producing and carrying companies had been
made. had no effect upon the anthracite shares.
hut Investment holders of IA, stocks ~ these
cannot help being pleased g. learn
that the coal men have decided o. get together
r. br sur. similar calls have been made. met
ngs have been held and no especially graut
ing results have fuli lowed. hut The forthcoming
meeting promises something definite. innsmu %
ts 10 D. believed that certain stumbling "lu'hf
0 tho rradjustmcnt ~ tho uade haf" been l'-
moved PRINCIPALLY the attitude ~ the Reading
Company tn, influence Of Mr Morgan lu
h .alinl afiafs Us now such that satisfactory
ottlfmsut OF the anthracite question is pu-ti-
llo IN. meeting viii le held next Thursdaf.
rhe only losses above per cont iu to-day a |
.cuyo shares were in Sugar Refining Baltimore