New-York tribune., 1896-09-02
.LosING rHlcr: OF SAY rEANcisc, srocKs.
Tuesday. Senilmhnr l-p. m
STOCKS.


The stock market was dull and inclined :"
weakness to-day. although sentiment continued
bullish There were a few outside orders in th"
market and the ligh; decline in prices brought
on no ceiling pressure. ne movement toward
lowe quotations rejecting nothing more than
realizing sales. Transactions just before the
close consisted Of covering 10y traders. and
prices recoN cred 10 about the hest of the daF.
final changes either way being small and un-
important Increased hrmness in sterling oN-
change contributed tc early. weakness. Wnle
the expectation of big sound d-moncy Republi-
can victory in Vernon caused covering oi
shorts at the close. London houses did little in
Ohe market. their transactions consisting chief
lv of small sales OF Louisville ana NashNille
and St Paul An increased hrmncss In the
foreign exchange market. together with the al
vance Of discount rates in London and the
advance in tie price OF Bank % England gold.
will act against further engagements Of gold
for import and the Increase in London dis
counts. which may force the Bank Of England
70 raise It's discount rate from : per cent. Is
another factor which may initiate against the
gold imports r1ovemen,. These factors have 70
be taken into consideration, as we'll as tne
money rates here. in speculatnG upon con
tinuance of the movement but. nevertheless. as
pointed out in this column yesterday. it Is most
probable that large engagements Of the meta
will be made for import in the course OF the
next few months Exchange rates and the
price asked by the Bank Of England for goa al
present make gold imports less practicable than
few DAYS ago. but an expected increase III
commercial bills shou'i within a Few days
hiring exchange rates well below the sold-im-
porting point. In view Of tie heavy engage
ments Of gold for export in the last weeH an
advance In exchange rates Is not unnatural
With the additional engagements announced TO-
day. the known total is above $50 O"""
good inquiry for bonds is hopeful sign Of
Improvement in the business 7i'ua'i"n. ana II
is encouraging to note that within the last few
davs the ocncrd for bonds has materially i'm
proved member Of one Of the largest bon1
houses in the city was quoted to-day az saying
that on Saturday his house re ,eived more out
eide orders for bonds than for the last two
weeks and that a great many orders could not
be filled because the bonds asked for had been
withdrawn from the market withln 'he 'ds'
week. From another bond house the hlorlaa- hlora
ton was given that there was ialI mum
from Europe for frst-class b0nos, lnc'uu"lS
h;gb grade traction company issues. such re-
ports should he highly gratifying I" inc pus,-
ness community. A. the bus'hrSs coii,I',"I III,
detends 10 some extent. upon IN" conhltluh 81
tho gold reserve az barometer or cood tiinc"'
II should be exceedingly encourased ny 'he
bright outlook for the reserve Whlch ma - p'I'
br,ueht about by tie turninL over to me treas,
ury Of a part Of the gold already Imported ana
the promise of more as soon as DINER '"nS'an-
rnnnts arrive To-daY'S Treasury statement
which is printed IN another place, shows Il -.
cold balance Of S1O0.951,1Gl, but this does nor
include the gold deposited YESTERDAY. wni.n' ,mi'
counted in places the reserve ABOVE Slo'.-
900 Os The banks report iishtci cuiI'h's
,novernent to the interior this week. ana !,
is likely that the bank statement 10 ne 'ssue"
saturday will show improvement over me
coalitions reflected in last weeks statement
Among the active stocks In to-day s inafhrl
tho chief changes were made by chicago ,'as
h;ch advanced 1is per cent; llliLois steel
WIZ VIZ ins, . per cent: Kansas and Texas pre-
ferred 4 per cent; Lousyilie and Masmy''s ;SaraG
81 per cent: Southern Rallway Ir,i.rl"". In, ' -
e.. ~ cont and Baltimore and Ohio. "a per cent
Srrar Refining American Tobacco and burn,ng =, 1p
ton we're up gan per cent -. fau. an" ,,as nn[s
,,a,,d ,D,i ,,oeed unchanged. Governin"nt ponus
,yere strong and higher on larger 'o'u'"' -
business. ,,,hor of active stocks
,"ar rnd with the final figures OF yesterday
we're as follows: