New-York tribune., 1896-05-05
ON THE STOCK EXCHANGE.

ON THE STOCK EACUANGE.
Trading in stocks consisted in great part of
room traders operations in which the indus
trial shares furnished the majority OF the busi-
ness. Withdra walls of gold for export amount
ing to S2.000.000 were without influence
upon speculation. prices ruling strong and final
changes in most cases being small factors. Bay
State Gas. United States Rubber and United
States Leather preferred were the exceptions
among the active shares. the frst-named gain
ing nearly7 per cent Leather lss per cent ana
Rubber losing ] % per cent. The activity ana az
vance in Bay state Gas on saturday ana to-ua!
were due to buying by houses with Boston con-
nections upon various rumors connected win
the gas industry in that city. 1t was reported
that the company would change control that IL
would consolidate with the Brooklyn Gas Com
pany, and that there would be an END OF the
gas war in Boston United States Rubber was
weak on reports of trade opposition, In wnich, II
was said a big fight would be instituted against
the Rubber Trust No official confirmation was
given of the report that the former president OF
the United States Rubber Company WouIo puIu
q new plant in East Providence. but II Is under
stood that plans for plant have been maze
and that the proposed factory VII! nave ga
nacity for producing one-quarter or the ruppeT
boot and shoe goods Of the country. halIway
stocks were firm but lightly dealt In, Manhattan
exhibiting the greatest strength on what ap,
nea red 10 be considered In some quarters BOou
prospects for elevated railway extension.
The gold taken to-day Tor export to,iie,iom e,ra
will go to Germany. and u VIII most nkes S Is
evidently a special one as the rates OF exchanse
do not permit enough profit to make goid SNIP
ments very desirable. The advance IN tne iatc
of Paris exchange on London ard the decline OIL
the discount rate in Paris have for the present
stopped the profit on triangular exports 10
France, but 1t is likely that more OF the metal
will go out this week to Germany. 1t was re-
ported this afternoon that block OF Southern
Railway bonds had been placed abroad by MT
Morgan and that he had also been successful IN
placing various other securities in Europe Such
a report IS probably correct, as 1t Is known tnat
Mr. Morgan has been making negotiations TOT
the placing Of American securities abroad, ana
the chances are that before he returns he VIII
nlace a very considerable amount OF frst-ciass
American railway issues with foreigners.
Railroads reporting to-day for the fourth week
in April and for the month gave some excellent
increases over the same week a year ago. the ST
paul. Rock Island. Wabash and Wisconsin Cen
trail showing the heaviest percentages OF gam
ST. Paul for the fourth week Increased s'5Ci2
and for the month $S12.50s Rock Island FOR the
month gained s23,147. Wabash for the fourth
week sl7s52 and Wisconsin Central FOR the
fourth week $l01C7. Regarding the good In
oury for municipal bonds. it is interestng TO TO-
note that bids for the New-York City AO39JO"
az per cent bonds opened to-day amounted 70
Gfty-flve. at prices ranging from lol 81 to lO42t
One bid was put in for the whole amount at
104.0S9. .,. .o,,
closing prices Of q number or active STOCKS
compare with Saturdays as follcws: