New-York tribune., 1896-02-05
CLOSING PRICES OF PHILADELPHIA STOCKS.
CLOSING PRICES Oh. CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Tuesday February 4-p m
raid on Missouri Pacific stock to-day failed
to affect the general strength in the market. the
majority OF shares closing at substantial net ad-
vances Why Missouri Pacific should be made
the object II bear raid just at present Is hard
problem to solve, for there is nothing IN the con-
diton Of the property to warrant lower prices FOR
its securities. There were various ruinors put
forth which were silly and untrue. the chief one
being suggestions about n recevership and IN
ternal dissension in the company. Missouri Pa
cifc's floating debt has been successfully funded
and the companys traffic earnings are growing
better while the relations between the Sage and
Gould interests in the property are most cordial
and harmonious. An authoritative statement
from Mr.. Gould pat end 70 the ridiculous re-
ports about the company. and the greater part OF
the slump Of points IN the stock was made up
before the close. The break in Missouri Pacinc
may be regarded as good test Of the markets
present strength for not even sign OF Irregular
ity was noticeable in the rest Of the list.
The dominating influence in to-day's trading
was the belief In a successful outcome to the GOV
ernment bond negotiations: and. while there was
no definite news as 10 the probable amount or
bids from this city. or the price to be named,
there was every evidence that the banking COM
munity was satisfied that the first payments at
the money market. An Idea Of the price the
new bonds will sell for may be gained from the
dealings in them to-day for future delivery, buy
ers paying 1917 for contracts to deliver the bonds
in thirty days There is 10 indication In the
money markets of coming embarrassment and
the general tone Of sentiment In the Street is ex-
tremely buoyant.
The volume Of business in stocks was larger
and somewhat better distributed but there was
very little investment interest in the market
London sold to some extent principally 81. Paul.
Union Pacific and Louisville and Nashville; but
q part Of this buying was Offset at the close or
the London market by rebuying by arbitrage
houses. The influence OF foreign selling was
lost however. upon local traders, and there was
so much bush sentiment that all adverse de-
velopments totally dsregarded The Street
no longer interests itself In the actions OF the
Senate, and the report OF the Finance Committee
to-day submitting a free-silver substitute for
the revenue measure was scarcely noticed ex-
cept TO create further speculation as to the effect
Of the continued silver agitation in the senate
upon foreign sentiment. Foreigners who have
watched the course OF the last two elections in
this country know that popular opinion is un-
alterably opposed to the Ideas Of the unsound
money cranks, and 1t Is to be hoped that the
great mass OF foreign investors comprehend
that the present silver agitation Is confined in
great part to the vaporings OF Senator'S OF one
idea. whose present actions Will amount to moth
ing more than increasing their chances TO ever
lasting political oblivion. The bulk Of to-days
business was in Sugar Refining. Rock Island,
burlington. st. Paul and Missouri Pacific. all
of which except the last named gained over
nor cent Missouri Pacific closing at net loss
Of q per cent Some OF the other strong features
southern Railway preferred. United States
Gather preferred. Consolidated Gas. Long Island
Fraction Tennessee Coal and Iron st. Paul and
bninth and Rio Grande Western preferred. Total
sales OF stocks 23f.S7l shares against 150.046
yesterday
Closing prices Of the chief active stocks. com
pared with the last prices yesterday, were as
foIlows.