New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-16

Wednesday. July 15-p. IN.

Wednesday. July 15-p. IN.
The bear element followed up Its success OF
yesterday by hammering prices again to-day.
and in the first two hours Of business IT forced
declines throughout the list, the chief sufferers
being the anthracite shares and Industrials
Railway shares the coalers excepted. were not
quick to yield to bear pressure after the open
Ing and although the illness OF Mr.. Vanderbilt
was considered by the operators for lower prices
as good argument for selling the Vanderbilt and
other railway shares, there was very little re-
Spouse as far selling was concerned. The
Vanderbilt shares all declined from yesterdays
closing on light selling. Lake Shore opened 2
per cent down, but remained steady at its open
ing price throughout the morning. while Canada
Southern Michigan Central and New-York Cen
trail on moderate dealings lost l to PA per cent
from the first price Jersey Central broke o per
cent from the opening to 81. Delaware and Lack
awanna per cent to 150 Delaware and Hudson
"a per cent TO 119. and Susquehanna and West
ern preferred per cent to 1Slt. The coaers
proved vulnerable yesterday. and only slight bear
pressure was needed to-day to shake out enough
stock to put the price at the level aimed at by
the bears. Exaggerated reports about gold ex-
ports were circulated. and these were unfounded.
The report that a large bank had withdrawn
gold from the Sub Treasury created considerable
uneasiness In some quarters, leading 10 nGulha-
ton In large number OF stocks. Inc lnlernd-
tional stocks suffered less than the rest OF the
list declines in them being small and some for
egn buying being accomplished. Arbitrage
houses took about 10000 shares
Some gold will go out tomorrow TO France
and some to Germany, and the advance in ster-
ling exchange makes II likely that a round
amount Will be exported on SATURDAY, but not so
large q one as was indicated by the bear ruirors
to-day. Certain sterling loans have matured In
the last few days and as the money rates here
are not attractive enough for renewals. remit
10 tra1 nd n a IT,
mand in the last few days can be traced TO this
cause. Gold boarding has also had an effect
upon the exchange market, and IN connection
with this small boarding movement IL Is en-
cOufaging TO note that a. bullion house to-day
announced that 1t would no longer act for people
who wished to withdraw gold for boarding pur-
poses The house announced in It's circular 10
he effect that this not time for any one
TO engage In withdrawals Of gold from the sub
Treasury as It unsettled confidence and might
lead TO serious results I'm general business Total
gold Withdrawals to-day for export were SWU-
600 of which 5000 900 was for France and the
rest for Germany. Bond issue talk. Of course.
was heard on the street. but the necessity Tor
one with the present outlook in the exchange
market is rather far-fetched. There were raj
lies in the course Of the day, but prices were NOT
benefited to any material extent ana last quota
lions showed substantial losses Throughout the
active list The heaviest losses among the chc-
active stocks were sustained by Sugar Rennihg
which declined "a per cent; Atchis0h pre1erreu
Ia. per cent; Burlington. ia per cent; Canada
southern. 2lx per cent; Consolidated Gas per
cent; Delaware and Hudson. 3is per cent; pela-
ware Lackawanna and Western, "a per cent
General Electric. Y per cent; Kansas ana Iexas
prcferred ~ per cent: Lake Shore. 2% per cent
louisville and Nashville. rs per cent; Michigan
Central. g.. per cent; Jersey Central Az per
cent; New-York Central. = per cent: Susque-
hanna and Western preferred. ~ per cent,
Northwest IL per cent; Rock Island. 3's per
cent. 81 paul in per cent. Southern Railway
~ per cent and United states dsa,nrr
a. aa,r weaI the As OF 1925 selling down to ID
aii$n, aad the As of 1904 to lli@ ll2h Total
s y ~ al stocks we're 3760lS shares. with the
heaviest dealings in American Tobacco. sugar sugar
refining Chicago Gas the Grangers, thiteu
states Leather ard Louisville and NashVhie.
srnrre was no liquidation by heavy interests me
greater part OF the selling coming rom .a ,it
80 s,n,i; holders The market Is In a sensitive
Condition and the bears have taken advantage
o! the opportunity. . -, ,ctive
Closing prices to-day OF number 0i active
stocks compare with yesterdays ~ ioliu~ ni, =,