New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-27
crIos1NG PRICES or cHIcAGo STOCKS.
Wednesday, May 26-p. m.

Operations in the security market to-day ex-
hibited a better distribution Of business and
reflected an increasing demand for stocks from
sources other than professional. Large interests
were more actively engaged in the market and
commission houses put IN orders for small In
vestors, and purely speculative transactions APP
reared 10 be conducted on the belief that sub
stantial rise in values was near at hand. Con-
ditions governing he security market favor bet
ter prices and more especially now, as the
Senate has at last begun active discussion on
the Tariff bill Stock Exchange sentiment Is dis
posed TO view the situation as favorable TO the
Passage OF the BILL and. as IT is generally con-
e1ed that its passage will remove the last I'M
portant obstacle to business expansion. 1t would
seem as II the present time were we'll chosen for
discountng the business growth which should
follow the end Of tariff legislation. Current rail-
road earnings continue better than at this time
a year ago, and IN to-days statements for the
third week In May twelve companies showed
gains Of $103370 and eight companies losses OF
SAT $40 or a net increase Of S55,530. The more
important increases were in Louisville and Nash
Willie Southern Railway and Kansas City. Pitts
burg and Gulf. Jersey Central's April statement
showed an increase in net earnings of S15.223.
but this vas accomplished by a decrease Of
SOC. oG1 in operating expenses. gross earnings de-
creasing sd OBJ
Realization Of profits in the security market
were well absorbed, and the majority Of stocks
showed net gains at the close the only note
worthy exception being in Baltimore and Ohio.
which lost ~ per cent. This company has heavy
interest payments falling due on June j, and the
decline in the stock accompanied by reports
that further defaults would be made on the
above entioned date 1t Ia estimated that the
total amount due on June ] is about S60O,Ooo,
Including interest receivers certificates. and
while the int crest on the last-named have 10 be
mot II Is thought that without an additional
issue OF certificates all the payments due can
not be made The question OF issuing more GER
tifcates is not in favor with many OF the large
interests in the property. Sugar REFINING STOCK
was again a feature OF the market, heavy pur-
chsses in il being II Is said, for Washington in
terests who are banking on the passage or the
present Senate sugar schedule OF the Tarln Dill.
Jersey Central exhibited further strength on
supporting orders; also the so-cal!ed Gould
stocks and New-York Central, the last named
rejecting the adoption by the stockholders or
the company OF the refunding plan at a meeting
held for that purpose to-day in Albany. Totai
transactions in stocks were under yesterday
total but the business was more evenly as
tributed Another small engagement OF gold FOR
export was made to-day. and London cables re-
norted a renewed demand FOR the metal from
Russia. Sterling rates were slightly lower here.
hut the price for gold In London was higher.
Prices for last sales OF the principal active
stocks TO-DAY. compared with the final figures OF
Yesterday were "a follows: