New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-06
CLOSING PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.
Thursday March o-p.


Declines in stocks to-day were general pu'
they indicated no loss Of confidence on the part
of large holders Of securities. merely rejecting
the small traders desire TO take pronts IN the
advance OF the last three days. Arbitrage houses
u,.ro NOT factors in the market while local COM
mission houses had few orders to execute Trad
ing was narrow and dull. and confined principally
~ the speculative favorltes, the principal losses
being suffered by the stocks which have recently
enioyed the greatest degree OF buoyancy
further drop In Baltimore and Ohio TO its lowest
price since the recevership was announced may
have slightly helped operators for dechhe'
but the influence Of movements In this STOCK ~
not sufficient to create any marked sympathe"c
turn in other properties Its reorganization COM
nittee was completed to-day. and II VIII pegin
at once TO formulate plan for the rehabhta-
ton Of the property, In which representatives
of foreign interest in the securities Will co oper-
ate. There were news Developments or out
side influences which shaped the days course
OF prices although toward the close nasty oe-
clines were said TO be based upon the selling py
room traders who used the report from Wash
ington that Senator Morgan had introduced
resolution 10 make the Cuban resolution passed
by the House a Joint cne Until the cuban
question is settled 1t will furnish the chief ar
gument for the bear element In their enorts
TO reduce values. but IT cannot eerve enectiveiy
as long as large holders Of stocks refuse 10 De
frightened into liquidation At present mere ~
no indication that holders OF stocks VIII make
the mistake OF the Venezuelan incident inc
demand for good investment bonds Is moderately
strong and though there was faiilng OF To-
dav in the volume Of business ir the bono mar
ket there was IN undertone Of strength indicat-
ing continued demand for the various GLASSES ,,srs
OF railway issues. Northern Pacific issues were
again active-principally the consos-total sales
amounting In par value to nearly $4o0,0po' Wh'Ie
the reports accompanying the business In these
bonds reflected the approach OF some denhlte
announcement regarding the companys reor-
ganization. - o. nm ..,
or the total shares r. stocks. 1s5,Ol9 shares,
American Tobacco, Sugar Refining, Baltimore
and Ohio. Burlington ST. Paul. Louisville and
Nashville and Missouri Pacific contributed l30o4o
shares. Tobacco. Jersey Central and Cn' Ghso
Gas were down 1 per cent. Baltimore and ONO
az per cent, while elsewhere among the acuve
shares losses were fractional Exceptions 10 the
general weakness 1T the close were Burnngtoh'
IacIede Gas Manhattan. Missouri Pacinc. SCUM
ern RAILWAY and Tennessee Coal and Iron. Ca
nad,an pacific in small sales was down per
nsnt Regarding the foreign exchange market
Considerable talk g heard OF probable goIa eH-
norts In the near future, but no degree Oh uneas'
pps.s "a felt on account Of the strong position OF
the gold reserve. The recent foreign puyhs W
cocks has developed no Increase OF security phs
o. tha roreign exchange market and commercial
~, I'm. have shown no Increasing tendency. Inc
ohsence OF security bills In the race OF Ioreisn
Saving is accounted for easily enough when !. 10
ruamyambered that The great proportion OF tns
foreign buying has been purely spec ecu; NV more
t ns counted for II trouble Is taken TO ex-
eoine the import and export trade OF the c0uh.y
.he ned by the unwise provisions OF the wilson
tarih law -. A.. cr,ncinai active stocks.