New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-08

ON THE STOCK EXCHANGE.


The price Of American securities abroad was
not affected to-day by :he passage Of the Cuban
resolutions and although there was little doing
in the American department OF the market no
serious attention was given to the Cuban affair.
Operators here who expected and counted upon
a rapid decline on the London Stock Exchange,
were somewhat annoyed at the failure or the
foreign market to respond to yesterdays de-
cline here following the vote on the Cuban reso-
lutons. and up to the close OF business they had
found no plausible excuse for the improved senti-
ment in London and at home The resumption
of business on the London Stock Exchange after
the Easter holiday showed a firmer tone for
English securities with a more cheerful feeling
over the financial and political outlook. while
here there was the same encouraging sentiment
which developed at the close Of last week There
was no marked increase in stock trading. but
investors showed a disposition to look more
fayorably upon the market. and there was abso-
lutely no pressure to sell any good Investment
issues Continued strength in foreign exchange
exerted no influence upon the market No gold
was taken for export. and the calling In OF an
other part Of the Treasury's bond deposits held
In depository banks which 1t is understood Will
take place Tomorrow may prevent any further
gold exports this week by raising the rate for
money. There was considerable foreign money
offered at per cent to-day. but the demand
was light. while the exchange market exhibited
no pressure for remittance. AS to the ERECT
upon money rates OF a call upon the depository
banks by the Treasury. an increase in the move
ment Of currency to this centre now reported may
be sufficient to prevent the rates from gong
higher, in which case the gold movement would
go on more rapidly. The equanimity OF specu-
iators and investors should not be disturbed over
the outward gold movement. for the Treasury
has a net gold balance large enough to meet
current requirements without trespaSsng upon
the mystic 500. 900 0O0 and, moreover. the banks
may supply part Of the gold required.
The general course Of prices was toward nigh
err level, and except in few stocks. last prices
were at net gains. the chief exceptions being
American Tobacco. Laclede Gas and Manhattan
Tobacco stock went through one Of it's exhibitions
on the downward course, losing nearly per cent,
various rurnors accompanying the decline, but the
real reason was probably the desire OF the manip-
ulators to put 1t down for speculative reasons
similar to those which recently advanced 1t. The
people who control the trade or who at least are
endeavoring to control II, have not yet left the
stock market. and the chances are that they will
continue to work 1t just as long az II can be
worked The railway list was generally strong.
Union Pacific being the noteworthy feature at
net advance OF per cent on transactions aggre-
eating 20 900 shares. The prospect of Govern
ment settlement with the Pacific railroads. as In
dicated by the agreement OF the Congress sub
committees on funding bill. led to liberal pur-
chases Of the stock, AMI considerable enthusiasm
was shown by the brokers who think Union Pa
cifc a good purchase. Louisville and Nashville.
though not weak as yesterday. was sold to
some extent. despite its recent excellent traffic
showing and II seemed that the local selling was
due to the unfounded rumors circulated abroad
about strong opposition here to the Nashville.
Chattanooga and st. Louis lease OF the small
roads In Alabama which the Louisville and Nash
vile recently bought and consolidated Other
rumors have been put out about the Chattanooga
road but so far as can be learned there Is no truth
in any OF them. Sugar Refining up / per
cent on moderately large transactions. The mar
ket closed dull.
Closing prices of number of active stocks
compare with Yesterdays follows: