New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-15
CLOSING PRICES OF SAN FRANCISCO STOCKS
Friday. Aug. LID. N.


! Prices made another advance toward a higher
! level to-day net gains of " to ! per cent being
registered in the chief active stocks The same
considerations which governed speculative tenn
permanent yesterday were dominant In to-day s
trading, and although the volume Of business
somewhat smaller. there was considerable
better buying. The Street impressed yes
terday with Mr.. Bryan's weakness a student
Of finance and his absolute lack Of the qualities
which indicative of craftsmanship has led
the financial community to make lower esti-
mate OF his power vote attracter. Such
impressions have led to the belief that the free
silver sentiment in this country will take its
place with past currency crazes, and that the
business world will not be forced to adjust itself
to changed conditions which the election Of Mr.
Bryan would bring about. Whether the bears
of speculation can again force serious liQuida-
ton on alleged 20 teal fears is question
which no cares to answer. but the indica-
lions now point to no inclination the part of
traders to stay short Of the market The money
situation may cause some uneasiness
count Of falling reserves in the banks. and
gradual decrease in the Treasury gold reserve
with an increasing revenue deficit. but 1t must
be remembered that the calls on the New-lork
banks at this time are always heavy for crop
movement purposes; that the gold reserve Is
ais taking place. and that the revenue deficit
has been increased by the payment Of sugar
bounties and. with the facts mentioned in view
is not heavier than in the same months in pre-
ceding years of the Wilson Tariff law
turn flow Of currency will in the ordinary course
Of business increase the banks holdings. gold
should at late date be imported. and the
Governments revenue has the bright prospect
Of being bettered when Mr.. Mckinley becomes
President
The days business in stocks was confined In
great the usual speculative faVOriteS
OF total business in all stocks of 2O3USO
shares. Sugar Refining. American Tobacco. the
Granger shares. Louisville and Nashville, Man
haitian and Western Union furnished 1434OO
shares Late dealings at recessions from
the highest price Of the day, due to realizing
sales. London sold In the early dealings, but
subsequently turned buyer taking number OF
st. Paul and Louisville and Nashville shares
Illinois Central strong feature in the Lon
don markets, the publication Of the June earn
iDgs making it possible to estimate the years
earnings, and these were favorable to an ad-
vance In the stock. For the year net earnings
increased about $9l4,512. Recent weakness in
the stocks and bonds Of the Louisville. New
Albany and Chicago has led to unfOunded re-
ports of receivership for the company and
these to-day received a denial from the presi-
dent Of the company The depression in the
roads securities appears to be due to alarm
over q recent decision giving the bOndholders or
the Beattyville road a right TO sue the "Monon'
on alleged guarantee by the Monon' of the
Beattyville roads bonds. II judgment should
be obtained against the "MOnon' II would fig
ure as an insecure debt, subsequent to all the
existing mortgages Sugar Refining was the
leader in point OF activity at extreme ad-
vance of nearly 3 per cent but IT lost part Of
the gain at the close, while the rest Of the In
dustras moved in a similar manner at smaller
advances The Granger shares were up per
cent but lost a part al the close and Manhattan
Elevated was active at advance Of Az per
cent but closed at a net gain Of only ~ per
cent The Government As and 5s higher.
Closing prices to-day Of number OF active
stocks compare with yesterdays as follows: