New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-11
LOSING PRICES OF CHICAGO STOCKS
,s,xc PRICES or PHILADELPHIA STOCKS
on THE STOCK EXCHANGE.

Friday. January l0-p. m.
The stock market Was excessively dull out
strong Te short interest created about the time
Of ~ announcement Of ih' call for subscriptions
10 new Government loan els being covered by
the sellers q stocks. who thought thai the mar
ket would b. adversely affected by the apparent
c,rtsssiou I'm the financial situation resulting
from tho Government bond call. Probably me
slight Information or more exactly speaking. inc
sight insight into the mature 81 the events OF the
next thirty DAYS has been the chief factor IN pre-
venting the market from yielding. az IN" shorts
confidently expected week ago To-Day an-
vances were above per cent IN many s'o'hs' ou'
thor. were ONLY a few issues in which transactions
amounted t. over 1900 shares. Sugar Refining
Chicago Gas. -, Paul. United states Leather
preferred and Reading monopolzed the buik OF
the trading The withdrawals Of gold for export
were smaller than had been expected; there was
IN easier tendency in the money and foreign
avcbonve markets. a better sentiment prevailed
unon the foreign bourses. and in general the
situation had a more cheerful outlook There
was no commission house buying and no especial
foreign interest IN this market but Americans
an the London stock Exchange were hrmcr. ana
this last factor impaired considerable Strength
~ The general feeling herr The whole railway
ls' was strong and advancing. IN" hh'hIh''''
sh
Reading going up - g 3iz The sue tss OF inc
Reading reorganization plan was practically as
slred to-day by the enormous deposits 81 SCOUT
ties under The reorganizatlon plan. Ihis was ne
la, IA, sor milking deposits. and tomorrow The
certificates = deposit Tor IL" STOCK ana 'h' ~
come bonds will be listed upon the STOCK TX
change ,,.. IN
ciallv organized no longer exists but 'lai the
leaders i'm 70 have agreed among themselves 10
suppor, the Administration I'm case the puDhc re
Ia TAX H.
celIent authority to-day that the AiWlnlstrhUNh
would coon IN ldfy The terms or me recent clf'n
la- ln order 10 make II possess more clements 81
n pouuiar llan 70 d. this II ~ proposed II is
said t. make banks throughout IN" country on
eial depositorles for subscriptions 10 the bonds
with the understanding that FUNDS VIII NOT be
Withdrawn from the banks at once. but af me
needs - IN. Treasury require. This proposition
IL being favorabll considered by the Ne"-foIK
banks and the opinion that me syndicate would
yet the entire issue 81 bonds Is beginning to
chsnge IN some quarters In favor or the success
OF a popular subscription BANKERS hor" urge
Tint A modification - the Treasury circular be
made. otherwise the bonds must be- paid for
within forty DAYS. and the effect ~ this upon tn"
money market would undoubtedly be such
seriously to interfere with general business. The
idea ~ th~ Morgan syndicate was T. have deposi-
tory bnnk-. and l. have the time or payment eN-
tended over "a considerable period Nj. Morgan
and the members or his proposed syndicate are
no, working - defeat the success OF the proposed
issue - bonds Nj Morgan aud the New-York
banks are ready 10 take a share ~ the bonds on
the same terms ~ the general public. but II the
general public refuses - suns roe 10 Inc bonus
then the bankers syndicate VIII rcorganize and
take the bonds al the D,r' prOnts they can get
II lies In the power - the Administration 10 make
the Lan a success with the public bv modnca-
zion ~ the terms Of it, call Tor subscriptions. and
II f. refuses 10 do this then the blame must be on
II flr the loss 10 the country OF whatever prOfts
tho syndicate may get ff the Administration Is
contemplating a Modification Of It's bond circular
# should name an upset" price As the circular
reads to-day II is worthless 10 far as attracting
the general public Is concerned
Closing prices OF the chief active stocks. COM