New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-21
CLOSING PRICES OF BOSTON STOCKS.
"Wednesday. Nav 2O-p. m

There were no very noteworthy or extremely
significant movements in stock trading to-day
Final changes in prices showed ne, advances Tor
the majority Of shares, covering OF shor's III
sympathy with rapid advance In sugar henh-
ing in the afternoon having caused genera.
upward movement. The transactions in sugar
Refining amounted to only little less than halr
the total in all shares. and outside OF this stock
there were only twelve in which total operations
ran into three figures. Sentiment among traders
was encouraged by the cable report from London
that Mr. Morgan had placed SGIopOoD new
Northern Pacific securities there the inference
being that this would be followed by foreign buy-
ing in the stock market. Last week over
S100O0000 American municipal and railway
bonds were absorbed in London, and this week
Sc 800 900 railway bonds. while II is reported mat
Mr. Morgan has also placed or will place a
round amount Of Southern Railway bonds The
Evening Post" in its financial column, has made
the discovery that there Is no doubt that thus
far London's market has entirely failed to ex-
press acute alarm over our political situation
This is indeed a revelation for the Mugwurnp
paper to make. but It shows little respect for the
intelligence OF the Street to try 10 make people
believe that Wall Street ever thought that FOR
eigners would go into fits OF nervous prostratlCh
over the political situation here as instanced IN
friends Plat and his followers. The street has
been aware for a long time that there was no
acute alarm abroad over the politcal SITUATION
here. and II is neither distressed nor perplexed
over the political outlook az rejected IN the can
didacy OF Mr.. Mckinley.
Financial interests know that the Repubican
party will continue to represent everything that
Is sound in money, and they know that no man
will receive the nomination of the Republican
Convention unless he Is firm and honest In tho
cause Of sound money and protection. Inc man
would be fool indeed who sold out MS securities
on account OF efforts to create scare on the
money question, and II Is encouraging to note
that good sense prevails among operators ana
investors in securities not a symptom or liquida-
ton having shown itself. There IL not going TO
be a repetition OF the disastrous times Of 1903 and
no community OF business men realizes this so
we'll as Wall Street does.
The Influence Of further Withdrawals OF gold for
export (S5000 900 Yves offset by the report Of for
eign buying Of Northern Pacific securities. and.
despite arbtrsge selling In the morning. the rail-
way list closed strong al gains OF "a TO y per
cent. There was little commission house interest
IN the market operations being confined almost
entirely to those of professional traders.
As showing the progress In railway reorganiza-
ton II Is interesting TO note that a plan for the
reorganization Of the st. Joseph and Grand Island
Railroad Company has been adopted by the
committee II provides for the issue Of S4,OOO,oOO
first mortgage gold bonds S0,5OO.OOW first pre-
ferred per cent non-cumulatve stock. $500 600
second preferred per cent non-cumuative stock
and 81 600 common stock. The second mort
gage income bonds will pay an assessment OF
per cent for which II per cent OF first preferred
stock will be- given, and the common stock an as
sessment of per cent. for which q per cent In
Arst preferred stock will be given. Under the
ta the S for be the o
Ave years 100000 after eight years and In
Guiding : per cent dividend on first preferred
stock total charges after eight years VIII be
$4,000 against S42oooo al prese ha 80 oo,,yo
stocks compare with Yesterdays as follows: