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

The course Of prices to-day did not reflect the
uneasness which was the feature Of stock
trading in the last two days Of last week over
sensitive members OF the Stock Exchange com
munity were more or less disposed TO worry
themselves over the possibility Of war with
Spain. but the great majority Of traders. as well
as investors. got over their fright In calm medi-
tation yesterday, while foreign operators showed
no symptoms Of being disconnected over the
Cuban panish-American question. The VeneZ-
uelan incident as factor In Stock Exchange
trading had better impression educa-
tional feature than has generally been supposed
so far the effect Of war scares on stocks is
concerned. Holders of stocks got some experience
at that time. and the memory Of the losses in
Cured then by precipitate action seemed to-day
too fresh in their minds to allow a repetition
Of the foolish fears over the big war talk then
going the rounds Even the Baltimore and Ohio
receivershp had no pronounced sympathetic ef
feet upon the market, only the issues OF this
company suffering from the acknowledged wreck
of it's finances Outside Of the Pittsburg and
Western II Is not thought that other subsidiary
roads OF the Baltimore and Ohio system VIII be
placed In receivers hands. and the action in
reference to Pittsburg and Western appears
necessary when its position in the system and
its condition considered. This company was
acquired by the Baltimore and Ohio in 1891. be-
ing USED as part OF the tHlOueI pdTstHStf iout'
10 Chicago. The Baltimore and Ohio Southwest
ern is In good condition; also the Staten Island
Rapid Transit, the control of which IL owned
bv the Baltimore and Ohio. Pittsburg and West
ern firsts declined points to 66, while Baltimore
and Ohio 5s Of 1899 were down 10 points to 80
and the IS Of 1885, 2la to s0i2. The receivership
will have no effect upon the local money market.
as very little OF the companys paper rs held
by the NewYoTk banks, most OF II being In the
hands. Of interests long identified with the prop
erty The best opinion in the Street confirms
the estimate made In this column this morn
ing placing the roads floating debt al about
SD 600 900 with 81 900 needed to place IT upon
a profitable basis. but these figures may undergo
a slight change when the report OF the expert
accountant who is now working upon the com
pany's books is made known. Rumors renect-
ing seriously upon the past bookkeeping methods
Of the company continue to indicate great as
regard OF the trust imposed In the management
of the property. ,.,..ous -, c,
Arbitrage houses were moderate buyers OF 81
paul Louisville and Nashville and other inter-
rational favorites while covering OF shorts gave
strength 10 many issues. There was no decided
tone to the market. The buying was purely OF
professional nature and the higher lever or prices
in London was responsible for ioreisn puyins
rather than any investment demand Toward
the close sentiment was unfavoraDiy aHec'eo py
Washington news, but last prices showed many
net advances. while stocks wnich cIoseo !oMei;
msth few exceptions showed only Tactlohai
Zee, The heaviest dealings were IN american
Tobscco Sugar Refining, Baltimore ana ONO
~" Cra myers Louisville and Nashville ana wes..
srn Union. which contributed 3z''soS snares OUT