New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-16
CLOSING PRICES or BOSTON STOCKS.
Thursday. October 15-p. m

The stock market ruled strong in the early
trading. bu. became irregular on midday reaiz-
ing sales. with final net changes unimportant
small losses predominating. American Tobacco
stock was an exception al an advance OF ) per
cent. the price movement being under the IN
fiuence Of the manipulation which has char
acterized the dealings in this stock for the last
week. Buying % the stock was Influenced by
the report that arrangements for union OF an
important tobacco interest in the West with
the American Tobacco Company had about been
completed. Yesterday II was reported by a
local news bureau that. according TO rumors
this Western interest had examined the books
OF the American Tobacco Company and that
the result satisfied the Western people that the
books would show par value for the common
stock after paying off the present outstanding
dividend scrip Whether or not rumors about
the company correct. II is well TO remember
that there has been vast amount OF stock
jobbing and manipulation in the stock. which
in this respect has at times exceled any OF the
other manipulated Industrials The insiders In
Tobacco are the prominent figures in the present
Tobacco speculation. Sugar Refining, BurIing-
ton. ST. Paul. Manhattan. United States Leather
preferred and Reading were the only other
stocks in which there was conspicuous activity,
the rest Of the market. az rule. being lifeless.
Union Pacific and Louisville and Nashville were
Trading was wholly professional ana unaffected
by the rapidly multiplying favorable factors In
the political and business situation. The rail-
way list lost from y 10 ! per cent.
The Bank OF England. contrary to expectation.
did not advance its minimum discount rate to-
dav Doubtless no action was taken on ac-
count OF the present disturbed condition Of the
money markets abroad. 1t is not necessary FOR
the Bank To advance its rate IA an emergency
measure, as its loss In gold due 10 gold snip
ments. as yet. only equals about one-third or
the increase in gold holdings in the last few
years and, moreover. IL is not likely that an
advance in the discount rate would stop the
exports 10 the country. The foreign security
Ina,ket was improved a result but there
was no easing UP in the open market money
rates In this market local rates Tor money
we're frmer. although there was very little
business doing. The failure OF two banks IN
the interior had some influence upon stocks. at
least bear pe'ators took the oppor,uhi'y 10
make a raid on them. and they also used with
some success a withdrawal Of SJ'W,"N gold froii
the Sub-Treasury IL is understood that the gold
which was Withdrawn by a wall street hrih To-,
a customer was some recently imported, ana
that an equal amount will he deposited upon
its arrival from Europe. showing 'he ha'uia At
causes for the gold movement this way. the
eta,Ament of foreign commerce for September
which is printed further on In THIS article ~
az interest The excess OF exports or inerchah,
dise amounted in value TO S3i,2'Z So ana
from January ! TO September ~ Al45.3' l'-tl.
In the month the excess or soid imports otel
sxnorts was X34.U9S,OsO. and for the nine
,,dn,hs ended september 80. S93ls,431. In Sep
TENDER last year, merchandise imports eA.ceu.'
eynorts by So 100 2J7. and gold exports eN-
cesded imports by x1GGI460o
Closing prIces for a number OF active STOCKS
COMPARED with the final figures or yesterday
were as follows: