New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-28
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.
Friday. September 81

Friday September Up. m.
The fact that gold continues to leave this coun-
try 10 depress the stock market and 10
keep Transactions wholly professional and narrow
When foreign exchange rates fell last week the
natural inference was that a buoyant stock mar
ket would follow. but the course Of prices has not
in the week exhibited any marked degree Of fe.
and outside interest has been almost totally lack
ing Shipments OF gold to the Continent have
been made this week to the amount OF $500, 900.
and there are indications that similar shipments
will be made next week by the mercantile firm
which is acting for a London banking house. To-
days withdrawal of 81. 800 900 gold on this ac-
count acted check to stock market advances.
and, with the exception Of a few stocks. final
prices Of the active shares were at net declines.
Sterling exchange was tr!he stronger. but
bankers do not expect to see any general advai.ce
in rates while all reasonable expectati lead to
the belief that there will be sufficient supply Of
bills next week TO cause considerable lower quo
tations The movement Of currency to the South
and West is increasing. and transfers at the Sub
Treasury In this city OF currency 10 the South
have been comparatively heavy this week. and a
fair supply OF cotton bills seems to be assured.
The extent Of the present movement Of gold TO
Germany is not known, nor has fuiI or reason
able explanation OF these exports been given. but
mand for gold on special transa actions Will last
longer than next week, while they are confident
that rates o; exchange will not permit regular
transactions in gold In the exchange market for
long time TO come Last year shipments OF gold
began In December, but this country has more to
sell this year than last. and the export trade may
he large enough TO prevent gold shipments until
midwinter when measures of relief from Congress
may place the Treasury In a condition where
normal movement of the precious metal abroad
will not cause The alarm felt with an insufficient
revenue producing law In force.
London was in the market for Reading securi-
ties to-day and was followed by local purchasers.
This ran the total transactions in the stock TO
a bove 49, 900 shares the only notable movement on
the list There reports that the Reading
plan would be announced tonight
or tomorrow and this. with the Improvement In
the anthracite trade advanced all the coalers
except Jersey Central, which was fractionally
lower. The Changers were unsettled and closed
without important change, while the Industrial
shares moved with more or less irregularity. clos
ing with only small fractional changes, except
Distilling and Cutie Feeding which gained over ]
Der cent. The closing price OF this last stock was
~ per cent under it's best price OF the year. Re-
ports about the reorganization progress OF this
company to-day were that all opposition interests
had been brought into line with the ideas OF the
promoters Of the successor company. The mar
ket closed dull and unsettled.
The following table shows final prices of the
principal active stocks. compared with yester-
days last quotations: