New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-14
cLosING PRIcEs oF RosToN srocKs


Renewal Of hearings by the legislative COM
mittee investigating the workings Of trusts TO-
day. and the unfayorable condition Of the for
eign markets. due to the war clouds in the East,
afforded professional operators opportunities TO
lower values on the Stock Exchange. although
the days liquidation came entirely from specu-
latve sources. Sharp declines occurred In he
stocks which have an international market. At
Gibson preferred, st. Paul. Louisville and Nash
Vile and Northern Pacific preferred being this
chief sufferers in this group, their last prices.
however, showing slight recoveries from the
worst of the day. In the industrals Sugar Ra.
fning and United States Leather preferred we're
conspicuous features on comparatively large
sales and at net losses Of II and III per cent re-
spectvely. while Chicago Gas figured To some
extent in the downward movement owing to ag-
gressiye trade opposition by the ogden Gas Com
pany. Illinois Steel made net loss If Il per
cent. rejecting the war now on over stee-ral
production. Hooking Valley. Missouri. Kansas
and Texas preferred. Tennessee Coal and Iron,
and Manhattan lost 1G2 per cent. elsewhere in
the active list stocks-otner than those men.
toned-making only fractional losses. Manhat-
tan was sold down on its poor statement for the
December quarter which gave a deficit after
the payment of all charges and dividends o.
= u
pared with the same period in 1875. but was
brought about mainly by a decrease In fixed
charges and slight increase in the other income
item. In gross earnings there was decrease
Of SD 124 and in net earnings an increase OF
SiJ6SS due to a decrease of $G0.Sl2 in operat-
ing expenses. In the company's general balance
sheet of December 81 the chief changes COM
pared with the same time in 1880 are an in
crease of S1,0'339s in cost Of road and equip
ment decrease Of SSlJl2 in cash on hand an
increase of S2N9.G9l in suudries a decrease OF
So 1}9 900 in funded debt: an increase n Si'i'.
600 in loans and bills payable; decrease OF
$3.50, ZIG in interest on funded debt and DE-
crease of 1914 63j In the so-called profit and loss
surplus. For the quarter the net floating deo'
increased Sl03.364 and the bonded debt IN
creased S2220O0.
The statement OF the associated banks for me
week showed an increase in loans or S->0tAVV'
a decrease in deposits OF SSS6. 100; decrease IN
cash holdings of So 1913 300 made up by a gam
OF S633.0O0 in specie and a loss of -. ''oJUV !"
legal-tender notes and decrease in surplus re-
serve Of S2901 SD TO S51 O3S.22J. AGAINST s9o-
S1SS1J this week a year ago. and S33.5l34 40 10
the same week in lS9o The operations OF ue
Sub-Treasury with the banks caused a loss "
the banks of 81, 53l. lJ2. representing In sreas
part transactions in connection with bank-note
retirement The increase in loans reflected ID
part an expansion in the demand for mercahtne
accommodation. The Treasury received Ias'
week 50 06J 30 National bank notes for redeihP
tion the amount of bonds now held % seculs
bank note circulation standing at S231u 0oV
decrease of Sio5.UDO from last week Bonds de
posted for circulation in the week amounted -
100000 and those withdrawn 70 >1uoVo
National bank note circulation outstanding
amounts 10 S23f,oiOSO5. against S-"t''''"
last week ,
Prices for last sales OF the principal active
stocks. compared with the final figures OF Thurs
day. were as follows: