New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-14
CLOSING PRICES OLE cnIcAGo STOCKS.
WHAT WAS DONE N STOCKS.

Monday Aug l3-p
To-days stock market was simply stampede
Of bear spectators Advances Were general
and important. and. IT. nay be added without
discrimination. 1t day whore excellent OPP
portunities afforded for realizing profits 10
the few operators who had the temerity 10
gamble on the conclusions Of Democratic Con-
gress by buying stocks a week ago in anticl-
patton Of to-days Washington occurrences FoT.
Of course. the rise was inspired by the potroonery
of the House Of Representatives, whose surrender
10 the Senate Combine" temporary
settlement Of the tariff question by the passage
OF the bill dictated by the Havemcyer Trust.
The covering Of Shorts went with little in
terruption from beginning 10 end Of the market.
The movement first stimulated by higher
prices from London. whore the short in
terest appeared 10 have anticipated the
home Spectators. Rains at the West over Sun
day doubtless mad more effect on sentiment
than on growing corn. and were Of more in
fuence Granger stocks than benefit 10 the
crop which the roads so largely depend The
action OF the House caucus gave an immediate
impetus TO the covering impulse, to be acceler-
ated when 1t became evident that the German
bill would be driven through the lower body
without delay. 1t may hardly be required Of
the President that he should pinch his
tightly he afixes his signature
The stock most favored by the tariff
American Sugar Reining-did not display its
wonted buoyancy until the afternoon. but it
closed up Pa per cent at l09. Distilling and
Cattle Feeding, now TO receive the benefit OF a
higher tax than the Senate offered 10 the House
In Conference Committee rose per cent. but
industrials. like General Electric, not directly
affected by the tariff, advanced more than
per cent. The leading Granger shares gained 2
M2a4 per cent, the higher figure representing the
improvement In Chicago, Burlington and Quincy,
whose directors according TO common expecta-
tiOn this week to place IL in "A lower rank II
dvidend-payers. Louisville and Nashville rose
over per cent and the stocks OF bankrupt
corporations advanced over ! per cent as II "A
tariff schedule would hide revelations that are
possible If expert examination Of accounts are
carried far enough II seems InvidOus to men
ton special stocks where buoyancy was so uni
form The market closed at about top quota
tons. with full head OF steam on Perhaps
another day OF bear panic may leave the
Street in mood to realize that after the execu-
ton Of the tariff bargain with the Sugar manipu-
lators, the country still sells its wheat and cotton
at approximately low prices. that corn crop OF
two billions Of bushels has been cut down TO
twelve hundred millions. that half dozen great
railway systems as far off from reOrganiza-
ton az ever. and that needless or incompetent
Treasury Department IL still seeking to maintain
the integrity Of $500 600 900 obligations upon a
gold reserve OF $53.000.000.
THE DAY IN THE BOND MARKET
small lot OF Government coupon Is was
sold at the Stock Exchange at 1l4A. The market
was strong with bids for the coupon IS and IS
advanced Y per cent Final quotations follow: