New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-18

San Francisco. February II, 1896.
ON THE STOCK EXCHANGE.

Monday, February lip. m.
Although the call for subscriptions TO the new
Government loan does not require the secohc
instalment to be paid until March e. one-haif OF
the bonds have already been paid for, ana the
Treasury's net gold balance is trihe above
500 900 OOO This does not show In to-day
Treasury statement printed elsewhere because
that statement reflects the actual condition or
the Treasury two days ago. receipts OF to-day
not reaching Washington In time TO ngure IN
the days calculations The first instalmen;
called for over 500 600 00O Above $57 00O 900 has
been paid In without any disturbance to the
money market and from this 1t may be as
sumed that the entire issue will be paid for long
before the time named as the Unit, and with
out any Improbable effect upon the local money
markets. Gold continues to come In good sup
ply from Europe. There is good volume OF
business in gold among bullion brokers who
have not finished withdrawing gold from the
Treasury to-days Withdrawals amounting, up
to o'clock, to S1.4s3,l50 During the time since
the bond alotments were made. Withdrawals or
gold have been at the rate Of Sl00 900 to every
Sc 900 900 deposited, and this fact should serve
as a most excellent tonic for those whose senu-
ment Is depressed over the condition Of the gold
reserve The new Is were higher on a large
volume Of business, ard now that the ire
sponsible bidders to the bonds have been unable
TO meet sell their contracts. a 1urtner au-
vance In the price may be looked for The
broker Graves who bid for over N.OO0.OOO of the
bonds as first announced In The Tribune last
week was unable to deliver them TO possible
purchasers because he could not name his asSo-
ciates in the deal, and the price which he bid
was too near the market price to leave him
much Of profit IL he succeeded In selling The
course of the market when his allotment was
made known looked much If a strong pres
sure was being exerted to freeze out" the ire
sponsibIe bidder. and the chances are now that
the allotment will be awarded to Mr.. Morgan
and his associates. who to-day filed with the
Secretary OF the Treasury claim to all de-
faulted allotments 1t is understood that Mr..
Morgan has deposited sufficient gold at the Sub
taken by the Morgan syndicate have been paid
for In full
The effect on stocks OF the rapid accumulation
of gold In the Treasury continues good. AS
noted in this column last week, however, me
nublic appears to be satisfied for the present with
it's purchases and has left the market TO the care
of the professional traders. Trading To-Day was
email and wholly confined to the operations o, the
professional element, most shares ruing strong
throughout the day. Jersey Central securlu@s'
10th stocks and bonds. were attractive on nc
count of the exceen: report OF the COMPANY >
onera lions for the year ending December 81. is,''
,rh,a, was published yesterday morning me
s,nrt gained 2M per cent, while the bonds as
Cd more particularly further on, closed strong
INA higher Sugar Refining ronopo!ized inc
'. c,,Iafive attention, reaching net aoVance oi
~ ot 115s. a net gain since January or iSh
:. ~ cont All the Industrial shares moved III tue
ddirection OF higher prices and 81 faui anu """-