New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-12
CLOSING PRICES OF CHICAGO STOCKS.
Thursday. November lip.

Thursday. November lip IN.
Stock market trading relapsed into dulness to-
day In the absence Of important buying. bear
operators endeavored to depress values. and.
while they succeeded in cutting off fractions.
and in some cases l per cent and above. from
last nights closing prces, their efforts resulted
in little II any, legitimate liquidation Of long
holdings Owners OF securities and people car
rvng stocks on margin for rise appear con-
ndent that a substantial rally will take place
before the meeting Of Congress. II the Su-
preme Court hands down favorable decision
in the Nebraska maximum freight-rate case
next Monday, the markets chances FOR sus-
talned upward movement will be measurably
improved. Whether or not the decision will be
favorable no one. OF course. is permitted to
know but many persons believe that the de
c!slon will be in favor Of the railroads on ac-
count of the recent action Of the court In the
Alabama Midland case which vas distinctly for
the railroad as against the Interstate Commerce
Commits sion. Yesterdays market furnished on
coura cement To-day's market proved that the
professional! traders were more in evidence than
the public Rear operators. however. exhibited
70 marked confidence IL HEIR position. and on
the decline there enough good buying to
indicate that the bulls were not afraid of bear
aggression. In the late trading drive was
made against Sugar Refining, which broke
nearly per cent, and the rest Of the list
sold down in sympathy. new reason for at
lacking Sugar stock was found In IN" action
Of the Secretary Of the Treasury Ia extending
until December | the time for hearings in the
Netherlands sugar question. This was done on
the application Of persons who wanted 10 be
heard In the matter, and did not indicate. the
bears assumed, weakening by the Treasury
in its present position, which contemplates the
exactiOh of a countcrvailing dgty on import d
Dutch sugars.
There was TO actual news responsible for to-
da,'s decline in prices Railroad earnings for
the FIRST week in November showed heavier
increases than generally expected. and n further
advarce in The wheat market on a good foreign
demand afforded encouragement for even better
~arni,gs for the remaining weeks Of the mont H.
Wheat and corn both closed strong and higher.
OF nineteen railroads reporting FOR the irst
week I'm November eighteen gave gains of SJ4l.-
Coz and one a loss Of Sl4,243. with the heaviest
increase shown by Missouri Pacific. This road
increased Sl36OtJ. making It's gam IN gross
earnings from January | s-,OiZ.pD. The fact
that the decision in the antitrust law case
rendered Yesterday did not Involve inc cons,i-
,utlonality Of the act, but was based upon com
paratively small details was worked into
hear card in the opening dealings In the ahtnfa-
cite shares. This. with London and local rea!iz-
ing sales save the MARKET It's initial tone OF
weakness and probably induced BUYERS i'f
the rise 10 hold Off FOR lower pricea The cicsc
VAS weak and unsettled, with prices rot Iaf
from the lowest Of the day. The chiei net
losses were In Sugar Refining. "a per cent
American Spirits preferred = per cent; Atchisoh
preferred. J per cent: burlington. ! per cen.
ST Paul Ia per cent: Northwest, Ia per cent
Consolidated Gas. per cent, Delaware ana
Hudson. IN per cent; General Electric. per