New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-28

81, Bull Certfs
Saturday. March ZIP. m.

y
Tho abeence OF outside support In to-day's
stock market encouraged further bear se'ihs'
prices declining throughout the list on fairly
active volume Of business. There wee no us
ouieting developments and nothing In the gen.
eral situation warranting lower values Inc
fact that outside interests were again absent led
TO further efforts OF professional traders 10
break prices. and the Supreme Court decision
in the Transmissouri case was made &c do an
other DAYS service as sufficient reason for snort
coIi,r hut there was no Indication OF any
Iinuidatiou outside Of speculative selling. ana
losses sustained were not large. although sohe-
what heavier than those made Yesterday No"
that the bear element has regained It's grip on
the market. all possible efforts are being mace
to retain Il. an instance Of which was aitordeu
to-day in the attempts made to cast DOUBT upon
The succcss 81 the New York Centraps conteni-
plated refunding operations on account or the
shock which. the bears allege confidence mas
received from the Supreme Court n"cisiDi''
Some stock Exchange members mny actual ,
believe i'm such puerile reasoning. but the goo"
sense of the majority Of members places thein
above such nonsense, their confidence III an uii-
Interrupted return OF business prosIerlty OUT
Wci.hing any misevnss that may nave DeeI
felt when the Supreme Court announced It's re-
cent railroad ruling. The misconceptions WINCH
arose In the week over the actual erect OF tniS
ruling upon the future Of railroad companies
are being cleared away, and q better interpie-
tation Of the situation, based upon common
sense. is prevailing in quarters wnere recently
considerable doubt and pessimism existed Inc
best interests on the Stock Exchange are ho'
likely TO permit the distorted reaHonlng or sIildl
minded traders .ong 10 control current specula-
tion.
There was some strength n the opening or inc
market to-day Sugar Refining making an ad-
Of Is per cent on the report u at the state
ment put out on Tuesday purporting TO be the
balance sheet OF the American Sugar Refining
Company for the year ended December II. lS0
was an unauthorized collection of misleading
figures. most OF which were to be found in the
balance sheet for 1893. and which, compared
with 1888 made unfavorable showing Ex-
animation Of the 1893 balance sheet shows the
correctness OF the report. so 1t would appear
that the statement put forth for speculative
purposes. and allowed to get into wide circula-
ton without any effort by the Sugar Refining
people TO prevent It, Jersey Central Omaha.
Chicago Gas. POck Island Cleveland. Cincinnati.
Chicago ard st Louis. Missouri. Kansas and
Texas preferred. New York Central. Pacific
Mail. Tennessee Coal and United States Leather
referred. at net losses of Ia Ia per cent, were
the CHEZ sufferers in to-day's decline. The
weekly bank statement made important
changes, cash increasing SIJ.4O0 and surplus re-
sCrye Increasing SI26 10 while loans decreased
S1t9f 500 and deposits decreased D.T0.1D.
Surplus reserve stands at S4S.S9J. 40.
a0"irst .42J this week year ago and
S13 II .45O In the same week in 1888 The Sub
Treasury gained from operations with the banks
in the week SO, 199.9lS. The banks gained on
tho irtorlnr currency movement
Prices for last sales of the principal active
stocks compared with the final figures Of yes
terday, were az follows: