New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-04
LOSING PRICES OF PHILADELPHIA STOCKS.
CLOSING PRICES OF CHICAGO STOCKS.
Thursday. June 3-p. m.

Thursday June 3-p. m.
Stock market transactions to-day continued
to exhibit the presence Of good support and an
Increase IN interest among commission house
customers and large Stock Exchange operators.
Owing to the death Of well-knowu member Of
the Exchange. Gil business was suspended from
IL 10 TO / o'clock. and the total OF transactions
consequently was below that OF yesterday.
Liberal profit taking sales and further efforts by
the professional element 10 bring on reaction
in prices caused considerable. irreguarity, bu:
the undertone remained strong with few ma
teria changes at the close, Further encourage
ment in business circles has resulted from Pres-
dent McKinley's Philadelphia speech Of last
night and confidence in steady tusnegs ex-
panson appears TO be developing among all men
in the banking community. while substantial
proof Of better times comes daily to hand in the
current returns OF railway earnings. The In
auence Of accommodating favorable factors is re-
Aected In the barometrical stock market. th4
course Of prices In the last few days indicating
the change In business conditions. and the char
acter Of transactions furnishing additional EVIL
dence that capital Is beginning 10 move into
activity And a promising sign IN Wall Street
Is the fact that the Street is no longer reluctant
10 admit Improvement In the business situation
Those who have known the pessinlism pre-
vaing SO long In the Street viii realize the
Significance Of this change In sentiment. In to-
DAVIS market activity extended over many Issues.
with the business fairly distributed.
Profit taking sales were well absorbed, and
reactions brought about by such operations ex-
tended 10 only small fractions. Only one note
worthy weak exception developed-C n'ted
states Rubber-which lost ~ per cent In the
common and 5h per cent In the preferred. SELL
ing in these securities being induced by the re-
duction Of the dividend on the preferred STOCK
announced by the company TO-DAY IN We" vi
the company's recent report for the year tnded
March II. the reduction was neither surIrsins
nor unlocked for in many quarters. IL liza! pe
remembered that the company repor''d loT the
last year a balance after the payment 81 diVi-
dends and charges Of 50 2Jl which. added 10
a so-called previous surplus left total Dooi
surplus OF Sl54 2(i5 and that from this was de-
Quoted x364. 1870 for depreciation written OH.
leaving surplus OF S0D. 1.sI, against one or
S4100l4 In the preceding year. The company
tota' decrease In inso on IN tne Sed al. all
ing off in sales OF rubber ware and SZlnn@ a
decrease in income from plants and DIVIDENDS
from stocks. London buying was renew"d To-
tiay about ~ 900 shares being taken for me
foreign account. Among the active stocks, thl-
cago Gas and Sugar Refining were stro3s at ne'
advances the first named advancing more thah
Der cent the report Of the SIGNING n the
Chicago Gas Consolidation bill In the raiirrad
list Jersey Central was strong al net RsIn Vi
81 ner cent while the Granger shares were 1fac-
tionsJly lower on proft-tnling GALES Following
EurlinRtCn's recent good showing or earnings
the ct Paul company for the fourth week ~
NAV presented in its report to-day q gam OF
sJl $50, making for the month gam IN s,nn a'
showed a small increase, also Ann Aroor .ho
Mobile ard Ohio The Wabash system r,nde q
decrease for the month of $34.96s.
Prices for last sales Of the principal active