New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-17
CLOSING PRICES OF BOSTON STOCKS.


THURSDAY July l6-p m.
Operators who work upon the timidiy Of small
investors and small operators in stocks again
succeeded in lowering prices to-day. Owing to
the free-sver agitation in this country. the stock
market has become extremely sensitive. and the
vicious bear element on the Stock Exchange is
taking advantage Of this weakness to bring about
a level of prices at which ii can figure out the
nro6ts to be derived from a vigorous bear
paign. There is no Legitimate basis for such de-
moralization as was witnessed in the early trad
ing to-day and people who threw over their
stocks merely aided interruptions band Of
operators TO carry out their profitable, but
shady" plans There was no evidence of liquida-
ton on the part Of large holders, and the selling
in Government bonds yesterday. was con-
fined to liquidation Of speculative accounts In
the first two hours Of trading heavy business
was transacted. and prices declined 10 Is per
cent with exceptions at 81 and per cent, while
Lake Shore broke nearly per cent from last
nights final quotation. There were no actual de-
velopments responsible for the decline. and even
the gold-export bugbear was less in evidence. as
1t was remembered that no German steamers
would sail on Saturday and that exports OF the
precious metal would be smaller than expected
and reported. After the early trading there was
less disposition to liqudate, and support al the
lowest prices and covering Of shorts gave the
market a decidedly better tone. while reports
that the bank presidents had agreed TO protect
the Treasury's gold reserve also that Mr. Nor
gan had assured Secretary Carlisle that the gold
reserve would be protected until the close OF
President Cleveand's Administration. caused
considerable bullish sentiment Then. the pohti-
cal talk indicated that the street believed
there would be no third ticket placed in the field
and this had a favorable effect upon traders
There little basis for the report OF a bank
presidents meeting. and. as matter or fact
there no cause for one, as the Treasur!
gold reserve il not in an alarming condition and
is not likely to get into condition calling Tor AS
sistance.
The days trading reached large proportions
and many stocks which have long been idle De
came active Pullman's Palace Car. for in
stance, was dealt in to a considerable extent
with net loss of per cent. The NanderDlt
shares were again prominent. but Lake Shore
was the only of this class 10 surfer DIE
break and at the close IL recovered good part
of the loss the final net change showing de-
cline of ~ per cent The heaviest dealings
were in the Industrials. the Changers. Louisville
and Nashville and the Gould properties OF TINS
last-named list. Western Union developed the
chief weakness. The afternoon rally was an
agreeable though not unexpected, feature OF the
days trading for II thought al the close
Yesterday that the decline had been overdone
and would be followed by better market TO-
day The extreme declines of the morning were
very much lessened by the afternoon covering,
and final changes showed in most shares net
Iosses Of iaQ11b per cent. against lq4 per cent
i'm the morning Lake Erie and western pre-,
rerred Metropolitan Traction, National Lead
rreforred New-York Chicago and 81 Louis
prafarred Northwest preferred, and st. Paul pre-
forred were the exceptions at large net declines
hut OF limited dealings kecoveries IN soIIe
oh res carried them above their last prices yes
tordav as in Cotton Oil preferred. Jersey Cen
80 cbIcaqo Gas Canada Southern. Kansas
I'D Texas preferred Rock Island. Wabash pre-
ferred Colorado Fuel and Iron ana "a MicnieaIi
CantraI Total sales were 4Jl,Oo" sharcs'
'r", 276O1s Yesterday London was again
&c The market for about 10000 shares
III ,i's nr,ces to-day OF a number of active
,ocLs Compare with yesterdays as follows: