New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-28
CLOSING PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.

MONDAY, April Up. H.
Stocks opened thc week strong and at sub
stantial advances London quotations came In
higher and arbitrage houses were moderate buy
ers while local commission house buying for in
vestment account and purchases by the profess
sonal element left but little opportunity for
bear operations heavier demand for remit
tance in the foreign exchange market causing
slight stffenng Of rates was the only factor 10
encourage weakness but the buying OF stocks
for foreign account Offset the effect OF the friner
tendency In the exchange market. IL the de-
mand for remittance continues small, gold ex-
ports may be made before long. especially In
view OF the easier money market. which has
practically stopped the lending Of foreign money
here but the buying Of securities by London Will
probably furnish enough exchange 10 keep gold
exports down to small figures Any outward
movement Of the precious metal at this period
should not be cause for alarm. and. as a matter
Of fact, sentiment in the Street IL at present too
bush to be affected by outward movement OF
the metal In to-day's London market while
prices for Americans" were strong, the rest OF
the list was unsettled owing to the uncertain
ties Of the political situation. Consols declined
and the mining shares were weak on the uneasi-
ness felt over the South African situation. In
this market the Changers and international
shares were conspcuousy strong. and the whole
railway list reflected the interest which Is being
taken in investment properties at home and In
Europe The European demand for good stocks
and bonds will apparently not be curtailed by the
efforts made last week TO bear the London market
on unwarranted Venezuelan reports and as long
as foreign confidence continues TO Improve over
the prospect OF the utter defeat OF the advocates
OF free silver In this country the demand Tor
American securities should increase. Foreign
ers recognize the advantage to be gained In put
ting their money into our securities. which make
far better return on the capital invested IMAM
their own home investments. The Industrial
stocks were ali higher, Sugar Refining advanc-
Ing over per cent above Saturdays Closing, out
n reaction carried the net gain Tor the day oown
to per cent, while the break In this STOCK caused
slight reactions In the whole list a1nousn me
the day. Chicago, ST. Paul. Minneapolis ana
Omaha was a strong feature OF the railway Ist
at net gain Of per cent. the market c'oeeo
firm with considerable irregularity.
A number Of important and encourasins
monthly and weekly railway earnings reports
were made to-day which deserve especial notice.
Chicago. Milwaukee, and st. PAU company aos
the month of March showed an increase In gross
earnings Of $93117 and an increase or s1S,zbl IN
net making for the year to date from July, an IN
crease irr gross Of 579151 and In net an increase
OF $294ol55 Showing the policy OF the company
In keeping up and lettering the physical condi-
ton OF the road. II IL interesting to note an In
crease IN operating expenses In the month OF $4l3-
s56 and In the fiscal year to date an increase OF
$L63S995. An approximate statement for nine
months would show nearly per cent earned on
the common stock against about 13 per cent In
The same time In 1895: The net earnings for the
Wabash system for March show an increase OF
t24,206, and from july /. $soS.lsS. st. Louis and
San Francisco show for the month a net gain OF
$24.312. The Jersey Central for March makes an
unfavorable showing, Its net earnings decreasing
slS3,726. For the third week OF April, today's re-
ports show substantial gains for twelve panies
and small losses for three. the heaviest percentage
OF increase being exhibited BY Louisville and
Nashville. Chicago st. Paul. Minneapolis and
Omaha, Baltimore and Ohio. Southern Railway
Norfolk ana Western. Ns7. The LouIsviliy and