The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-30

refundine scheme, and has begun 10 appreciate
the Importance Of the settlement Of all difter.
ences between the bituminous coal operators,
and also between those operators ana their min
ers. As the industry Is ono Of the largest In
this country and It's prosperity affects tho
earnings OF many Thousands Of miles of railway,
and also the wages Of over 200, 900 laborers, tho
Importance OF tho agreements reached at
Chicago this week can hardly DO over
estimated. Still another favorable event
this week is the conclusion of the debate
in the Senate over the Teller resolution. Tho
adoption OF that resolution was expected and
there is q feeling of relief in Wall street
that tho discussion Is at an end, for,
according to all accounts. the Teller re-
solution Is never likely to see daylight
in the lower house OF Congress. 1t may DO
noted while upon this subject that tho Street Ia
Of the opinion that the free silver cause has
suffered severely by this weeks debate In the
Senate.
Other developments that have stimulated
actual purchases of securities, particularly by
important Investment interests, are favor
able trade reports, increasing railway traf-
10 returns. and constant additions to
tho list Of dividend.paying securities.
Tho strength of tho market for the securities
Of recently reorganized companies, especially
Northern Pacific and Union Pacific issues,
has had some effect upon the entire list.
To-day's market was in tho main strong
and fairly active. The shifting Of spocu-
lative interest to Louisville and Nashville re-
suited in that stock attaining tho first place In
respect to activity. 1t also scored the greatest
net advance. 1t is understood that the company
will soon announce its refunding plan.
Other stocks less extensively dealt in that
closed about a point higher than yesterday
c..--- D-a-s~- ~ ~
and st. Louis. Louisville and Nashville. Mis-.
souri,, Kansas and Texas preferred. Northern
Pacific preferred, and Union Pacific. The
weekly statement Of averages of the As
ISOLATED Banks shows that money is still
accumulating at this centre. both from
tho interior and through Treasury dis.
bursements. The first payment into the
Treasury Of 10 . cent. Of the Union Pacific
purchase money held by tho banks figured
for so short a time In this weeks state
ment that its effect is hardly discernible
in the averages. Tho amount Of unemployed
money at this centre is SO large that it is eN-
tremely unlikely that the transfer Of $24 900 600
from the banks to the Treasury during the next
eight or ten weeks will have any perceptible
effect upon the money market. The closing Of
the stock market was strong at about the best
prices.
AS compared with the final prices Of last Sat
urday, the entire list is higher. The more i'm
portant net advances are in Lake Shore. 144 y
cent. New York Central, Gig; Kansas and Texas
preferred, 5; Rock Island, 40; Northwest. Al:
Omaha, Gle; Northern Pacific preferred, 3as;
Cleveland, Cincinnati, Chicago and st. Louis
and Union Pacific, 81 each; Louisville and
Nashville, 3ls; Michigan Central and American
Tobacco. 8 each; Denver and Rio Grande pre-.
ferred. 27s: Consolidated Gas. 2: New Jersey
Central, Peoples Gas and Coke, and st. Paul.
Ia each. Atchison preferred. Missouri Pacific,
and Reading LIST preferred. is each; Brooklyn
Rapid Transit and Burlington and Quincy. liz
each; American Sugar Refining. Northern Pa
cific. Southern Railway preferred, and Western
Union. 1ae each; Metropolitan Street Railway.
Iii; Chesapeake and Ohio. 1ls; North America
and Ontario and Western, l each; General Elec-
trio, 7s; Kansas and Texas. 81; Chicago Great
Western and Tennessee Coal and Iron, % . cent.
each.
nj, 1900 -.tkh