New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-23
CLOSING PRICES OF BOSTON STOCKS.
Boston. January ~. 1897.
Friday. January OPP. m.

Friday January Up. m
The operations of the professional element on
the Stock Exchange are not conducive 10 at
tracing outside buying, and the support from
this quarter noticed at the close OF last week
and early this week has almost entirely disap-
neared Operators on the Stock Exchange con-
stantly set up the cry that the public does not
appreciate its opportunities, but the minute 'he
nublic appears in the market everything seems
TO be done to drive 1t away, the course or the
market In the last few days fully justifyng this
criticism. 1t is a poor way to encourage outside
buving by pounding the market and raising all
sorts of upfounded reports calculated TO make
t,mid people liquidate but such has been the
course of professional operators In the week, ana
on many other recent occasions when outsiders
showed a disposition to enter actively into stock
onerations AS long as such shortsghted policy
continues the market will remain dull and
stupid and the Street at large will suffer from
the insane actions of the bear cotorie. At the
same time however these bears will not be able
TO force any important liquidation among In
vestors who will hold what they have, but VIII
make no efforts to engage in market operations
as long as such a condition Of affairs exists
In to-day's market every weak spot was ham,
mered, and extra efforts were made to depress
all securities by vicious attacks on the soft coal
and anthracite shares, yesterdays weakness In
Hooking Valley with renewed reports about the
financial condition Of the property, being used
as a basis The soft-coal trade is demoralized
hut steps are making to put II on a stable foot
ing and the professional operators who have
many queer ways Of reasoning pounded the
anthracite shares. thinking by analogy that II
the soft coal trade were depressed the hard-coal
business must be in the same condition. Hook
ing Valley stock and bonds were weak the last
named losing 4A4I per cent, and the stock l
per cent while in the anthracite group Delaware
and Hudson sold down to 1912 at net loss OF
3 per cent Jersey Central TO 1914 at net loss
Of | DER cent and Delaware. Lackawanna and
Western to 1852 at net loss Of ~ per cent
The general list did not suffer material losses,
and in some cases net gains were made, as in
Union Pacific which advanced over l per cent
above its opening, closing at a net gain Of u
per cent its strength rejecting the belief that
a satisfactory settlement between the Admins
tration and the Reorganization Committee re-
Rarding foreclosure would be reached. After
the close of business IL was announced from
Washington that the Attorney General had en-
tered into an agreement with the Reorganiza-
ton Committee by which the Government was
to toin the committee in foreclosure proceedings.
the committee guaranteeing TO make bid at
the sale OF at least the original amount OF the
bonds. less payments made by the company to
the Government with interest al the rate OF
3 l-3 per cent yea. IL was also announced
by the Reorganization Committee that II had
guaranteed a minimum bid Of something over
$40, 600, 900 for the Governments claim upon the
Union Pacific. inclusive OF the Kansas Pacific
division, and for the Government Union Pacific
sinking fund. having deposited $45OO,OOO as
earnest money The Importance OF this set
Element will be realized by all holders of Union
Pacific securities. reorganization can now be
accomplished on lines agreeable to all the par
ties interested. American Tobacco stock was
sold down on the announcement that the d.
rectors Of the company must stand trial Tor
conspiracy. and Chicago Gas was strong on re-