New-York tribune., 1896-04-07
CLOSING PRICES OF PHILADELPHIA STOCKS.
on THE STOCK EXCHANGE.

II is impossible 70 conceive why any one should
take a pesslmlstc view Of the financial situation
because of the passage ot the Cuban resolutions
AS matter OF at. the great majority ~ people
in this country do not and the chief source OF dls-
tressing comments heard upon the action OF me
House to-day was In the bear camp on the Sto'"
Exchange. There was NJ excuse or reason 'o'
an attack upon values following the vo'e upon
the resolutions. and lower prices were absolutely
unwarranted by the developments In Washihg-
ton The Cuban resolutions were adopted In
mlder form than originally proposed, after a long
and careful examination Of their features. and
thera can be nothing In them 10 provoke hosti-
ties between this country and Spain. People VINO
use comm IN sense know that Spain Will not hght
this country The operators who work for &C.
clines in stocks without regard 10 the methods
employed may believe that they VIII be able ~
scare holders OF stocks into liquidation with their
highly colored arguments upon the dangers oi
recognizing the Cubans az belligerents. Dut II
does not seem possible that they VIII receive any
heavy response t. their efforts Ihere are 700
many good things In sight and TO-DAY deVriop-
ments in the financial and general Industrial sit-
ation were sufficient to inspire all men with en-
couragement and cheer An excellent t ,'a''b, a. m
of normal times. and a factor Wnich oueht - "c
a bilI argument, was the Willlngess OF a Ddhh
10 supply client with 100000 gold for eXp9r, IN
stead Of sending him u the SuD-lieasu'!, a. ,1 ""1
which was taken from Government depository
hank was from the Governments account, Du'
such an impression was wrong; as II Mas ,"t t
rtsh.d from the banks own holdings. ana II -
now, believed that more Of the metal Tor export
will be secured In the same way, ms was ".
only engagement for export ana from tne p' ''T,s ~
light demand for remittance, II does not seem
probable that much Of the metal VIII go out 'his
week. . ..-.,,
Notice should be made Of the Government
bank and currency reports printed further on
for in these very favorable differences or the gen
.ral conditions Of the banks throughout me coun-
try can be drawn and IL will also be seen from t'e
amount OF money in crculailon In co'hPd,'So',,
with the preceding months. that despite the bona
payments in the month there was scdrceiy any
decrease in the amount Of currency IN ciFcuIa'iVn'
A good part Of the increase In the treasury hoIu
inps was due 10 imported gold. II is interesting
10 note that since January l the gold Imports
have been $l7,$G7,2se the exports si"SS'"Z max
ing the net gold imports ~ O2IoH
The chief reasons for decline In stocks after
. etrong morning market were the realizing
sales and the fright OF petty holders ana nshuF
rnargined traders over the alarming TAX IN
dnIped In by the bears after the announcement
az fhe vote on the Cuban resolutions IN the
morning market there was some gOod coihihio
ntca house buying, induced by the DflBhter
trade outlook and other favorable factors wnIcn ,
roint toward an increase In All uepar '"'N''
~ business this spring, espcciany IN .hr i.~ ion
md steel business. Stocks OF stee! anu NJ, hc
n,,,anies were benefited by hattering reports
OF Improvement in the iron business, anu w, w
recontly formed steel combination "a' a. M ~
nj
hrsiress and as influence upon s.o,Ma -. ~
DannraI An advance In wheat caused W o, ne"
Sry,nr on reports Of unfavorabIe crop pioHpt ,pt.a'
yaa an incident OF the day Inc rev aa1ns
ra,,,rns sent In to-day showed declueu
ard the Improvement in the transpolo ',o.' rn
hms,ress was well reflected in the annuad ,ha
,,nr,s of the Panama Railroad CoinpaiIy on" ha,h
ppaorta Decatur and Evansville ftaI~ ,sxatnst
af which showed substantial surpiuse.s ,Hs hs and
San"i,s last wear The business IN ,h slochs not
honds was better distributed aItho.sm .,nsn
,arnn the heaviest dealings being IN en-" q. po,,i
Tnhacco Sugar Refining. Burlington. 81. ,tan
ceneraI Electric Louisville and Nasnvllrc Nas.c md
ba,tan Missouri Pacific. Union facis fa,o,tan
Tinted States Leather preferred. Mah M h,,u The
was strong on the report OF efforts ,d TO nus and
control OF the company from the a,h oh Yas
sage interests while conspicuous slr.rs Tnmessee
attained by Colorado Fuel ana ron, ! ansons
coal and Iron and Missouri steer III ~, ,,,a on
mentioned before. In the early tfau'"s ar ~" cent
tire list showed gains OF from Is 10 : p"numis,
and the losses following the end oi ~, 18TH nf the
sion house buying and the announcement aa,, last
vote on the Cuban resolutions were ,ng sn IN
nrices for the majority OF shares oo, snom iost
signincant fractional declines looa losT az ner
per cent. and Louisville and Nashvn'e nn'eernection
cent An interesting development In com"eS ,n from
with the anthracite coal trace cam s.a, cement
WiIkesbarre Penn, to-day, In tnss..ivania tns
70 the effect that a svndicate OF Fen"S'''~