New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-12
CLOSING PRICES OF SAN FRANCISCO STOCKS.
san Francisco August II. 1906.
Tuesday. Aug. lip. m.

There Is an appearance Of more stability and
strength 10 the stock market and decidedly less
"one- sdedness' than a week ago To-days
course OF prices followed yesterdays In lrregu-
larity but with increasing strength, ana al
the close net changes were at advances IN inc
active shares of from y 10 ~ per cent The
spectacular Journey Of Mr.. Bryan to New-f ork
with the chances of a dlsquieting speech from
him Tomorrow night were apparently dis
counted in the stock market last week, ana al
though the bears may endeavor TO depress prices
still further the strength of the free-silver
oratory they will doubtless fail of their purpose
unless people guided usually by common-sense
should become unduly alarmed the Western
orators efforts and sell their securities because
they think the great American Nation will give
serious attention to the unsound doctrines
preached by Mr. Bryan. Doubtless Mr. Bryan
will have a hall packed to suffocaton with strus-
Cling crowds for blocks around the building. He
Will be cheered with all the pent-up enthusiasm
of an East Side multitude; of the Tammany
braves who are unable to decide what the money
question really is outside of political Jobs, and
of a number of people who out OF curiosity and
misguided sincerity will 60 as the late Mr. Bar
mum would say. to be humbugged.
The Bryan crowds In this city and those
at the railway stations he passed on his way
East should no: be mistaken as represent
ing the majority OF voters In this coun-
try. The majority Of voters in this couh-
try do not believe. as an earnes, aoVoca,e
of Mr. Bryan said to-day. that American trade
conducted upon single gold standard enforced
a tribute from this country to England and that
the prices Of products were unnaturally low De
cause the price of gold was unnaturany hlgh;
that the prices OF products were depressed be-
cause the Bank of England maintained an ar
bitrary price gold The people ana the en-
thusiasn in Mr.. Bryan's crowds represent such
views and many others equally silly and un-
sound Business men need TO remember that
the morals of this country have not declined ana
that the American people are not class OF
repudiationists daft on the essential and FUND
amental principles OF economics. The majority
Of the people cannot believe that the free com
age OF silver will enable the farmer to SEND out
the raw material for price in excess OF that
which he will have to pay for the raw materai
in manufactured form at his store Common.
tells him that II he sells his raw material
for high price 1t will come back 10 him in
manufactured condition at a higher price AND
what does the farmer or any one else want WIN
high prices. when his dollar will be worth less
proposed under free coinage? What KIM OF
a boon will high prices be?
The volume Of business In stocks to-day was
about as large as yesterday, but somewhat bet
ter distributed The opening was at advances
in the majority Of shares and throughout the
morning there was considerable irreguIarlty,
although prices tended upward. There was no
bear pressure, the bears covering extensively
and showing no indications Of the aggressive
spirit Of last week. There was more support
weather a number of heavy operators were In
the market and commission houses had some
orders from people who see In the present low
range Of values chances for profit. or the
total days business. the greater part was III the
Granger shares Sugar Refining. Manhattan
Louisville and Nashville American Tobacco
and Western Union. The principal advances
among the active shares were made by sugar
Refining 2h per cent: American Tobacco. IA
per cent; Burlington ~ per cent; Chicago Gas,
az per cent Consolidated Gas. "a per cent:
Kansas and Texas preferred, Is per cent; Louis
Vile and Nashville IA per cent; Manhattan
~ per cent Northwest, per cent; ROCK lsiahu'
az Der cent; St. Paul ia per cent; southern
Railway preferred 2b per cent; Tennessee Coai
liz per cent; United States Leather preferred
IL ner cent and Western Union, rs per cent
THE bears attempted TO make RAID on the mar
vet on the publication Of the closing or the
Murray Hill Bank but the promp, puphca'lVh
~ the facts in connection with the faiure Dy .he
local news bureaus made bear attempts iai
Nst The Government crop report issued iate
,,as,erdav although not entirely satisfactory
Iad little influence upon prices, and the absence
~ trouble in the London fortnightly settlement,
the weakness in sterling exchange ana n Deter
sentiment generally stimulated traoing loi ~
.Ionr' account and gave strong Closing ~ d d
narket Arbitragc houses TOOK apou' 49, :,
shares to-day. and reports from LONDON s,'" w.,
,ronroyement in the American depai ''"'' wv
in,r nrices attracting new buyers. .,o
C,n.ing Drices to-day Of a nd:nper Oh hN''''
yesterdays as foiIpNS.