New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-02
CLOSING PRICES OF BOSTON STOCKS.
Monday. March 1--p. II.

Local and European STOCK exchange traders
who have sold Lake Shore stock short In the
last year have had no opportunity to protect
themselves, but they have lived In the hope Of n
general decline in values to help them out
thelr contracts. hope, however, which has not
peen fulhiled. rapid advance In this stock to-
day OF ii poi3ts above Saturdays closing was
reflection OF the small amount of Lake Shore
stock available for purchase and the urgent do
mand from the shorts to cover For the last
week this high class security has been gradually
advancing, and to-day's sensational movement
was in the nature OF an uncomfortable Squeeze
for people who have had tn, temerity TO specii-
late IN the stock for lower prices In January
1896. Lake Shore sold at 140 To-day IT reached
Ia. about sXty-eigEt points above it's low price
in the panic OF 1855. To-days advance was on
sales amounting to only little more than 9 800
shares. purchases of 80 and 100 share lots be-
ing accompanied early in the day with three ana
four point advances, the maximum advanc. of
eleven points being followed by falling off at
the close to a net gain Of six points. There was
nc actual news development affecting the stock,
but discussion regarding the probable refunding
operations Of the company on its high-rate bonds
maturing between now and 1903 was renewed
III, as recently mentioned In this column, the
bonds are extended a per cent basis. the
odElHS VIII amount 10 n sum WHlCE VIII furnish
additional reason for high value and demand
for the stock. New-YOrk Central was bought on
account Of the strength in Lake shore and peo-
pie VINO are fond OF making comparisons thought
that possibly the strength in the Vanderbilt
shares foreshadowed a general market advance,
as has been known 10 happen on some past oc-
casiOns.
The rest of the market made no noteworthy
progress toward higher prices. and after small
squirt at the opening relapsed into duincss and
Hfeguarity. Final prices among the chief ac-
tive shares showed Il few more net losses IMAM
gains, but a rule they were small fractions.
JeFsey Central, Consolidated Gas and Mammal
tan furnishing the only exceptions. Efforts have
Deen prominent in the market for a long time TO
depress the anthracite shares. and a misleading
statement regarding the position of the Lehigh
AND WlhesDdrre Coal Company caused some sell
ing In Jersey Central to-day. its final price show
ing net loss Of over III per cent. Delaware and
Hudson on small transactions was fractionaly
lower. Manhattan was depressed on profession
al operations. and the Industrials as a rule were
lower, United States Leather preferred ana Unit
ed States Rubber probing exceptions at fraction
al gains. The Granger shares were strong on
comparatively large dealings. the transactions
IN ST Paul and Burlington amounting TO ", 80
SHARES. which. with those in Sugar Refining
Manhattan and United States Leather preferred
supplied over One-half OF the total dealings IN
al stocks The European markets continued
ileless and uneasy regarding affairs IN CTeie,
put IN this market there was no Significant Tor
eign interest. The announcement OF the adop-
uon by Japan OF the gold standard was without
sHect upon stocks, but IL was an encourasihs
oeVeiopment as showing the general tendency
s'hong all nations 10 base currency upon the goid