New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-25

ON THE STOCK EXCHANGE.


Early trading In stocks presented considerable
strength. due In part TO reports intimating
forthcoming favorable announcement upon the
Venezuelan question Advances were general
in the forenoon. but subsequently a break In
Sugar Refining and some selling by houses with
Washington connections caused realizing
throughout the list. There was no pressure to
sell. however, and final prices showed no ma
terial recessions with the exception OF net loss
of over IN per cent in Sugar Refining. The out
side demand paused for a while, and In the abb
sence of this support, and the weakness OF the
London market professional operators were en-
abled to influence the market as best suited
their schemes and operations. Reactions OF this
sort are natural, and they are not TO be looked
uron with any uneasiness. Outside Of several
good returns OF railway earnings. the announced
success Of the Northern Pacific reorganization
plan and vague Venezuelan reports there were
no developments OF any particular influence. The
Chicago Milwaukee and st. Paul companys
earnings for the third week in April received
to-day, show an increase Of s96.S72 over the
same week a year ago. making for the year to
date. from July. an increase OF A,sl6.546 81.
Paul stock sold to-day within " per cent OF It's
best price OF the year, and u per cent above It's
be st price In 1885, and only 3 per cent under the
best price In 1898 Besides 81 rauls h th,rj
week by various other roads. including Buffalo,
Rochester and Pittsburg. Denver ana NO
Grande Iowa Central, Rio Grande western ana
Wabash. ,.,
Reports from London indicate disposition 70
liquidate speculative accounts owing 10 'ne
somewhat cloudy political horizon. caused Dy
South African troubles and the French Cap'ns'
crisis while both yesterday and to-day AmelI-
cans In the London Stock Exchange were neg,
lected. British consols have declined nearly
per cent below the record price reached carry u,
the week but despite this, sentiment here mas not
been appreciaby affected and 1t is not considered
likely that foreign investors will keep out OF TINS
market for any length Of time. The actual traa.
ing In stocks to-day showed falling of OF about
$1,000 shares from yesterday. but there was niue
or no stock closed out from good sources the
main part Of the afternoons selling coming from
ecdlative Interests. Sugar Refining. American
Tobacco, Burlington. St. Paul. Distillers MIS-
souri, Pacific and Western Union contributing
the bulk Of the business Heav!ness In Union
to reports from Washington that action in the
Pacific Railroads funding bill might be post
poned until the next session Of Congress. North
ern Pacific preferred strong in the success OF
the reorganization plan Showing the success
OF this plan II was announced to-day that hold
ers Of over 92h per cent Of the general second
mortgage bonds. the general third mortgage
bonds. the dividend certificates the consolidated
mortgage bonds. the collateral trust notes, pre-
ferred and common stock. and Northwest
equipment stock. and Northern Pacific and Mon
tana Railroad Company first mortgage bonds
had been deposited under the plan. The plan
has now been declared operative. In connection
with the Northern Pacido reortauisAtiop II u