New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-11
CLOSING PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.


The effect OF sterling loans in this market
was reflected to-day in an easier foreign ex-
change market. both posted and actual rates
falling off about 4 cent The demand for re-
mttance was extremely light. and foreign bank
ers now believe that the lending OF foreign
money in this market will continue to ex-
tent to prevent gold shipments next week, cx
cept special transactions TO Germany. Although
the demand for money is light. the prevailing
rates offer an inducement for foreigners to
leave their funds here. especially IN view OF the
low rates now ruling in London. The majority
of loans placed here are on per cent basis
for sixty days. and 1t Is estimated that In this
way several millions Of dollars have been Kept
here this week which otherwise would have
gone abroad. Probably the easier exchange
market was In a measure, responsible Tor a
stronger stock market. and, although the vol
ume Of business was smaller than yesterday.
final prices showed net gains from last nights
closing in the majority Of shares. AS far as
transactions We're concerned, II was one OF the
dullest days the Stock Exchange has experienced
in a number of weeks the total sales amounting
to only 1890 shares of which five stocks con-
tributed more than 10000 shares. There was
very moderate business in Burlington. which adj
vanced nearly per cent. but elsewhere In the
vailed. The st. Paul earnings for the first
week in April, published to-day. showed an
other encouraging gain. although the falling OH
in the grain movement caused smaller per-
centage of gain than in some preceding weeks
A number Of other statements for the first week
in April came In to-day, and OF thirteen COM
panies thus reporting only three showed oe-
creases. ST. Paul increased s49,343; Denver ana
Rio Grande, $4,000; Iowa Central SAFE;
Wabash $685. and similar encouraging gam, gam.
v,ere noted in the others. The stock SOLO snort
yesterday on Cuban rumors, We're covered Oh
more reassuring reports from w ashIns .oi,, a,
in come cases advances OF inor s ta I'D Man
rattan The last-named stock was ihnuenceu
however by reports OF pr0pabie iesu t,n a. me
favoring the company, ana al oa n. american
dav Il was up nearly per cent. ss.arn
Tobacco Canada Southern and North"e1's, 60
were exceptions at the Close " Wv
advance. . osterday while
NOT a Aattering exhibit was better IN some -,
spects than many people expected liz, desnte
property TO be In good financial cohultlo"' Ia in
deficit after the payment OF 1.iu 'rrovtna its
dicating that the big system was lmproVihS -
value in regard 10 Its physical CONDITION nar.
the Burlington and ST. Paul properties Nv Itcy
tcuIarly bright futures and although tme POI
of the burlington in paying unearned uiViue.u'
in the last two years s not In line WI So e.,
tive management, there is suiiicleht evia I +, a
the MANAGEMENT of the property 10 Hahs ~
favorte on the Stock Exchange. IL Is not am"!5
possible to analyze the condition OF ra' ,,',,
property from the reports put out. but the aolIty
OF companies to pass through such distress,ns
times as in 1893 and 1894 without appnca'oh 10
protection from the courts Is one or the pest ~
dencss that none OF the evils has crept INTO .he
those instanced In the Iai, Oh .me
Atchison, Northern Paclnc, ,ai.Ii'o S
and Ohio and other companies. The future ISr
the great number OF railway properties through
out the United States Is bright WIN hop
and encouragement, and by another year thrLe
should not be single property under Inc
OF the courts The few remain
Ing companies still in receivers hands are Deins
rapidly and successfully reorganized one OF the
most conspicuous instances Of this At present