New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-18

ON THE STOCK EXCHANGE.

Friday, April lip. m.
The good buying in stocks which has been
feature all the week was less pronounced To-Day
and in the absence of this support reactions were
caused by realizing sales. There was no railing
off in enthusiastic sentiment, however. and the
declines in the stock market as rule, were 100
small 10 cause any comment. 1t is likely that
some selling In Sugar Refining, thought to be by
inside interests. was responsible for the spec
ulative selling in other shares but this uniaVor-
able sympathetic influence as 1t Is called was
not sufficient to stimulate any heavy selling
pressure in any stock, the days TRANSACTIONS
being considerably under those OF yesterday
Sugar Refining. American Tobacco. Chicago das
and st. Paul furnished about one-half OF the totai
dealings. The professional element renewed
short selling In the majority Of the speculative
favorites, but there were no unfavorable develop
ments to assist In establishing lower range OF
values. Some rumors which were put out con-
corning possible passing Of the next preferred
dividend on American Cotton OIL and the adverse
tax decision in the Manhattan case, were affected
nv traders as reasons for declines in the respective
stocks. hut in the case Of the first-named stock
,ba besr excuse given for the decline was sell
,ro nv interests hitherto connected with the
mana cement: and as for Manhattan. pront tak
ing sales on the withdrawal OF insiue suPp ,
accoun ted for Its loss OF per cent 'SoN
American Cotton Oil. common ana preieile III,
Manhattan and Sugar Refining. were Tne oa '
ones 10 sustain any noteworthy losses. Inc ua
way list was only lightly amec.e ~ y london houses
~ no materially unfavorable influence upon
a. Foreign selling was light and OK niue s'sni-
Ncance Government and railway ponus uor,
finued strong and there was again gooo i S.
for frst class investment issues Inc auvan nI.
in London to-day Of the price OF BRUSH cvnno
10 the highest prices on record was i1 ~ vi,
bv a rise in Government securities mere Al .aro
way bonds a large number OF the aeai,"s saoa,nts
in Chicago and Northern PACING mrs. Ie.u,p
due TO an agreement just entered lh'o p.. ,,,,aa
the Northern Pacific reorganization eo",,liItte
and that OF the Chicago and NortneIh a ranr
nv which obstacles which have impeded the Ieoi
"a nization of the last-named company nay.
been removed No gold was taken TOT e~Po''
by to-morrow's steamers ,nd,oate
Railroad earnings reported tnls ween .n" rra,n
gratifying Improvement. and the Reports ilo
mercantile centres show renewal OF hcuvy
In many lines OF trade. Out OF sixteen Ianway
companies reporting earnings to-day LOT the see
ond week In April eleven show splendid gains;
while four show trfng losses The st. Paul
Company leads with an increase OF $9l,iel oveI
the same week last year. while others 10 exhlpt
especial Improvement are the Bunalo, hochestes
and Pittsburg, the Denver and Rio Grande. tne
lowe Central. the International and Great Nortn-
ern and the Wabash. Reports furnished to-day
by the mercantile agencies speak more encouras-
ingly OF the trade outlook, and II is to be OBJ
served that at present about the only unfavora-
BILE feature OF the general situation Is the increas
ing Government deficit. For the month to date
the excess Of expenditures u nearly Uoo0ow'