New-York tribune., 1896-12-11

Thursday. December 10-p. m.

Thursday December 1O-p m.
No novel features presented in stock
trading to-day. The Cuban takers in Congress
continued to spend their time in saying the same
things they said at the last session, and the pes
s,mist:c element on the Stock Exchange made
further efforts to deprcss prices on the fire-eat
ing talk and resolutions reported from Washing
ton The stock market Is waterlogged. Prices
move within fractions. and transactions remain
small insignificant and wholly professional The
nublic does not buy, neither does 1t sell. Big
interests keep away from active speculation. but
considerable stock sold by professional traders
passes into their hands. while every enort TO
cover by the short interest develops the fact
that q small supply Of stock Is available Tor
such purposes, and consequently hghcr prices
follow There was some covering at the OPEN
ing to-day, but after the early dealings the
market became heavy under bear pressure. and
the absence of any support led to general sell
ing by the professional element, with net losses
in the majority Of issues at the close Kunors
that q legal attack would be made against the
Raading COMPANY though obscure and hazy. en-
couraged bear operators and caused some seIl'ns
nv weak holders, while somewhat stronger
sterling exchange market ana poor railway ear"
jngs assisted In causing the sniai net iosses
made The Bank of England made no change IN
lis minimum discount rate to-day. and IT'S week
ly statement again reflected that easier ols
count rates in the LOndOn lndTkct hd|e "c'n
due more to the help received IRON ,hls market
than to any increase In bank holdings tnere.
The bullion holdings and reserve In the Bank
increased to small extent. but To-Day on pa
ance il lost about 81. 100000, and In the Berlin
market discount rates advanced the weekly
statement of the Imperial Bank OF Germany
giving q loss in holdings. In view or the condl-
tion Of the foreign money markets IL Is not like
Iv that the Bank OF England will make change
in its discount rate this year. unless there should
Inc q sudden change In the money movement.
In I he London market there was a slight degree
NJ ,mnrovement In security values, and arbitrage
houscs were moderate buyers In this market nj
the opening. Such purchases. however, ended
with the close OF the London Exchanae. ana
probably amounted to less than 3OO share..
The total transactions on the local EXCHANGE
were only 113 436 shares. OF when sugar Re-
Nninp chicago Gas Burlington. st. Paul, Man
haitian and Reading furnished more than one
half Sugar Refining was sold down over per
cent and gas stocks were lower on talk or
onposition and lower prices for gas, Consoii-
dated Gas losing per cent and gas securities
not traded in on the Exchange ruling weak lot
similar reasons In the railway list. Long lsland
on small sales, sold down per cent closing al "a
net loss of per cent and Cleveland. CINCINNATI
Chicago and St. Louis on small TRANSACTIONS, Ios'
1iL per cent. Elsewhere net declines were insis
ntacant St Paul was not materially ancctcu
hy its poor earnings for the first week IN Septeni-
her the loss. although amounting TO Hll3 10 as
compared with the same week last year. beins
,oc. than that In the preceding week ana IN the
weeks before that a.,,.o s,ooL.
rnn"rnd with the final figures OF yesterday,
,verc as fellows