New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-26
CLOSING PRICES OF SAN FRANCISCO STOCKS.
Tuesday, May 25-p. m.

There was further increase In stock market
activity to day, and although proft-taking sales
on Yesterdays advance prevented general net
gains at the close, the undertone throughout was
strong and speculative sentiment continued
cheerful The beginning Of the discussion on
the Tariff bill in the Senate was received as
bopeful development, as lessening the period OF
business uncertainty. while an easier exchange
market and improved railroad earnings helped
speculative temperament and induced some COM
mission-house business. Regarding railroad
earnings IL is noteworthy that the returns or the
railroads in the South continue to make marked
gains this time year ago. and by brokers
interested in Southern properties they are ac-
cepted as faithful indications OF business ex-
panson in the Southern and southwestern
States Undoubtedly the recent Improvement ID
earnings reflects better trade conditions ir tie
South and the influence of this Improvement
upon Southern railroad securities should soon
be pronounced especially upon the bonds Re-
cent reports in The Tribune have shown marked
increases in earnings of the Louisville and Nasn-
Vile, the Southern Railway South Carolina ana
Georgia, Missouri Pacific Missouri. Kansas and
Texas. Texas and Pacific. and Southern roads
Southern Railways report for April shows an
increase in net earnings OF S70.S16. and for the
third week in May. according to statements pub
,ished to-day, Missouri Kansas and Texas in
creased ST. $50 and Missouri Pacific $i9,Ooo, max
ing for the last named an Increase since January
I Of s252. 900. st. Paul for the third week also
made a good showing, increasing $34,396.
Jersey, Central stock supported to-day.
and shorts covered quickly. the price advancing
,braa noints above the opening and closing az
No, Gain Of per cent. In Chicago Gas expecta-
,,or NJ the passate of the Consolidaton Dill IN
49, Iu,rois Senate caused considerable buying
which was followed by proht-taking sales on the
announcement that the bill had been recohsln-
cred and passed by vote OF ~ 10 H. IL may
he remembered that the bill was defeated last
week by vote OF "a to H.
An incident in to-day's market was sale OF
seventy-six shares Of New-York ana Harleh'
stock at 324, against 800 the last preceo'hs Sa'e
on March l. Total transactions IN s'ocNS
amounted TO 2C63IG shares, OF which sugar ne
fning Jersey Central Chicago Gas. burlington,
ST. Paul, Atchison preferred Manhattan anu
Western Union furnished loS. loO snarts. me
foreign exchange market had an easier teiluslio!
owing TO the bills offered against yesterday
gold exports. and although in some circles ~ was
thought that no further goid exports "ouu pe
made this week unless the market haioeHeu oo'' 9
siderably. there were not wanting estimates vi
probable shipments by several bankers. ihefe
is a balance to be settled abroad. ana god wiz
continue to so out long as shipments OF the
metal furnish the cheapest method of remlttins'
DESPITE the fact that sterling rates are below tne
point at which exports have usually been maze
in past years. This is easily explained by the
price paid abroad for the metal and by the cur
rent rate Of Paris exchange on London, making
the triangular" operation possible. IT Is likely
however that the balance Of trade Will not long
remain in Europe's favor and on this point IL
is Interesting TO observe that merchandise eX-
ports from this port for the week ended to-day
were valued at $1O.127.1 G6. against $SoiS 'ol
this week year ago ard s9.676.676 last week.
Prices for last sales OF the principal active
stocks to-day. compared with the final hgures
of Yesterday, were as follows;