New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-25
CLOSING PRICES OF PHILADELPHIA STOCKS
Glazing PRICES OF san FRANCISCO STOCKS
Wednesday. February PIP. m


No relief from current stagnation In stock
market trading can be looked for until after the
Inauguration of Major Mckinley next week, and
although the speculative community generally
discounts favora BILE happenings there appears
no disposition at present to operate for an ad-
vance preceding March 4. Talk is general in
the Street that as soon as the new Presidents
policy is known ventures in the stock market
will be made; but It Is hard TO find out by what
process of reasoning the Street infers that there
is uncertainty regarding President-elect Mckin-
leys policy. There should be no hesftancy on
this account for the policy Of Mr.. Mckinley Will
be the policy OF the Republican party. and the
policy of the Republican party was set forth in
the platform adopted at the convention held in
June Some people apparently reason that the
failure Of the Democratic party to live up 10 its
platform will be followed by like action by the
incoming Administration, but such reasoning Is
altogether out Of place and UNIV aTranted by the
rast performances Of the Republican party. II
stock trading were governed at present by actual
Improvement in business, marked change
would take place in values; but it is not. and
Nothing save the operations Of small professional
traders make up the present business In share
speculation. Large interests are not in the mar
ket and the public is waiting for decided move
,ions holding what it has and showing no
evidence Of fear at efforts Of bear traders to force
liquidation.
In to-days market shorts covered extensively
in the morning and prices went higher. but in
the afternoon speculative temperament was un-
ee.tled Lv preparatiOns "a the Senate for dis
cuesinp Cuban affairs the result being saggnS
tcrdencv IN prices with small ret losses In the
aioritv Of active stocks at the close. An ef-
fort was made TO depress the anthracite shares
on talk OF possible investigation into the so
called Coal Trust: but Jersey central was the
only member Of the anthracite group IN Wn"h
an important loss was made. Delaware and tud-
son closing at a slight gain. Such developments
as favorable railroad earnings, as IN 81 fahi
for the third week in February, had no lpnueh'e
unon prices and. as a rule. the railroad list was
neglected. the Industrial shares monopollZnS
sneculatiye attention. United states Leather
nre ferred was strong until the publication OF
The company's report for 1870, when II became
unsettled, owing TO the meagre details given
and the failure Of the directors Of the company
10 make satisfactory explanations OF the alalFs
Of the concern in the last year or tell us pros
meets for this The report gives as It's surplus
for the year 50 SG3.962. an Increase OF - lo,?'N
over the preceding year; but IL leaves 10 thr
the makeup Of that surplus Inc
ipdustrials generally made fractional net gains
al the close nd furnished about one-half Of the
dealings Burlington. ST. Paul and Reading be-
ing the only other stocks In which transactions
were at all active Favorable returns OF earn
lnes for the third week In February were made
to-day by Chicago. Milwaukee and ST PAU
and Great Northern, Kansas CITY,
Fort Scott and Memphis and Rio Grande west
ern.