New-York tribune., 1896-01-03
CLOSING PRICES OF PHILADELPHIA STOCKS
LOSING PRICES SAN FRANCISCO STOCKS
on THE STOCK EXCHANGE.

THURSDAY, January p H.
The security markets were apparently waiting
for definite settlement Of the Government bond
negotiations To-day's trading was excessively
dull and irregular. higher prices prevailing In
the morning and net declines at the close for
many active stocks. due to proht-taking sales.
Total transactions amounted to only l3s,s2s
shares, about half OF which contributed by
four shares-Sugar Refining Chicago Gas -.
Paul and Western Union. The last-namei stock
was weak the greater part Of the day. selling by
the bears-perhaps for the purpose Of giving an
impression that the Baltimore and Ohios West
ern Union holdings will bc forced out-baing re-
sponsbe London sold moderately II St Paul
and Louisville and Nashville. There were no
new developments during the day. and all the
talk and gossip in the street centred in the ex
pectel issue Of Government bonds. There was
considerable activity in gold which ruled at "A
premium Of lNli4 per cent. and there were well
founded reports that consdera lie OF the metal
would be imported from abr ad in connection
with the issue Of bonds. While gold Is being i'm
ported. demand sterling rules at 1894. ana
it is probable that exports Of gold will be made IN
Saturday In the regular course of business de-
manded by the insufiCiency u exchange 10 meet
obligations but it II encouraging t. note that ii
IS pretty definitely settled that the Dcutch~r
Bank In Germany will supply certain amount
of gold In return for bords Of the forthcoming
issue.
The exchange situation. and in fact the general
financial situation at this centre are somewhat
mixed owing to the various factors which have
recently entered into IT, and the effect Of all these
Influences upon the money and exchange markets
will be interesting 10 watch. There Is no doubt
at all that the bond situation is practically ar
ranged as far ae the sellers and the buyers are
concerned and that the announcement Il the
issue only awaits the action OF the Senate upon
the Bond bill From Washington advlces today
II seems that the silver Senators will not consent
TO the bill without n frcc-cOinage amcndmcnt,
and in that case there would seem to be 40 Wis
dom on the part # the Administration in de-
ferring its bond announcement any longer. II
has decided 70 give a generous commission t.
ba nkers for floating the ISSUE u say nothing OF
the subsequent profits they viii get when 1t is
remem bered that the last issue of per cents at
l04la are row selling al ll7i2 why not have the
agony over? The bankers show gOOi judgment
and business sense in taking what the Admins
tration offers bur the Government would save
money BY different methods II seems that the
Government should get more than l0ii2 when tho
same kind Of bonds are now selling at llti2. II
also seems odd that the President is so anxious
10 increase the country's bonded debt by 800
600 OOO when there are excellent chances of the
bill .or an increase IN the revenue being sent 10
him for approval The need for an increase In
the revenue is f0r more urgent than a bond Issue.
Closing prices Of the chief active stocks COM
pared with their last prices Tuesday were fol-
lOWa.