New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-25
CLOSING PRICES OF SAN FRANCISCO STOCKS
Friday. July 24-p. m.

Business In stocks relapsed into dulness to-day
and in the early tredng an element Of weakness
was developed. due in part 10 the uncertainty
surrounding the third-ticket movement the diff
ference Of opinion regarding the wisdom Of such
movement. and the tendency of the Populists to
| indorse Bryan There was no pressure TO sell,
however and no signs Of liquidation in any quar-
ter and though the bears made efforts TO lower
values there was only a small response in the
majority Of stocks The fact that the financial
situation has been placed on a secure basis, as
regards the gold reserve and the foreign ex-
change market, tends to lessen the interest in
stocks. so far as bear manipulation is concerned
and doubtless. II the investing community would
only feel less uncertain regarding the political
outlook, considerable heavy buying would be
complished. Stocks certainly at an at
tractive level. and there is small amount Of
good buying on this theory. but such buying
is limited and held In check by the considera-
lions just noted. Assuming that the Bryan
ticket will be defeated in the fall. all fac
the view that Bryan will be defeated does not
seem too rosy in view Of the common sense In
tegrity and honesty of the majority of the Ameri
can people. The market will most probably con-
tinue susceptible TO political influences as shown
by the hestancy developed to-day. but such in
fuences should be minimized by the favorable
change In the financial situation as brought
about by the bankers Of New-York
The low price reached by Government bonds
has brought q number Of good buyers into the
market. and tO-days transactions in the new Is
were large. although there was some selling 10
take profits by buyers who bought them around
III. Opening prices in stocks were generally at
fractional declines from last night larger losses
amorg the active shares being sustained by
Burlington, Cleveland Cincinnati. Chicago and
st. Louis, and Manhattan, which opened lhG1k
per cent lower. Throughout the morning there
was great rregularity, with recoveries in num-
Der of stocks. while in the afternoon there was
decided strength, closing prices showing rallies
from the lowest Of the day. but generally under
yesterdays final figures. Stock Exchange senti-
ment undergoes lightning-ke changes at times
as shown to-day by ideas a third-ticket
movement. In the morning IL was scowled at
while In the afternoon traders thought II good
thing. II might be of actual benefit to Mr.
Mckinley. The afternoon rally appeared TO be
due to the change in sentiment. Transactions
fell off materially from Yesterday. the tota sales
amounting to 17s,19s shares, against a total Of
215, 119 last night Manhattan was the wokest
feature on the list. selling down over pePcent
runors indicating poor quarterly statement
and doubts about the payment OF the next divi-
dend. Such rumOrs were not credited, however.
by friends Of the company Elsewhere among
the active list there were few important Losses,
and in many shares last prices were above the
opening. An incident Of the days trading was
q sale Of fifty shares OF the Pennsylvania Rail
road stock at 1O2H in the unlisted department.
IL was the first sale here In years. The bulk Of
Gas the Changers. Louisville and Nashville ana
Manhattan No gold taken for export ex-
cept a small amour. for Canada and more OF
the metal was turned in by the banks
Closing prices to-day OF number OF active
stocks compare with yesterday as follows