New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-16
CLOSING PRICES oF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Friday, November lo-p. m.
The stock market suffered extensive losses
from the announcement Of Withdrawals or goid
for export but il was irregular and unsettled
and in several cases extreme weakness ruled
The export OF gold at this season is in settlement
OF legitimate trade obligations which have been
SO greatly increased by the operations of the
Wilson tariff law and the effect of such shipments
is not productive of the fear and worry which
might be the case were they for heavy foreign
LIQUIDATION Of American securities Without
prospect of revenue legislation at the coming
meeting Of Congress, exports of the metal might
well cause alarm. but 1t is now safe to believe
that Congress Will take steps to improve the
revenues Of the Government sufficiently 10 pre-
vent Withdrawals Of gold from causing fright
and reducing the possibilities of the necessity Tor
issuing bonds 10 meet current expenses as the
present Administration has done Gold to the
amount of 81 900 was engaged to-day for snip
noent Tomorrow making the total for the week
$3.50 000. OF the amount engaged to-day only
ST. 900 was actually withdrawn. one of the eX-
porting firms leaving its engagement at the SUD-
Treasury as the late hour Of the departure OF
the steamer to viii n the gold is consigned
makes 1t possible to withdraw It tomorrow thus
saving days interest If there should be
sudden change In the market by the morning
larger supply of bills the engagement could be
cancelled Imports Of drygoods at TINS port for
the week ended to-day show an increase over
last week Of sl259l9. and over the corresponding
week last year an increase Of s9lSG94 There is
apparently no increase In the export demand for
cotton and the best-informed houses in the Street
unable 10 judge Of the size Of the supply OF
commercial offerings between now and January
/. At this time last year call for subscriptions
TO n Government bond issue had just been made
but the condition of the exchange market was
more natural and better than it is now While
the supply Of commercial bills not large it
sufficient to meet the demand but trade OBJ
legations abroad were then smaller than they
are now. The Treasury is in better condition.
however to stand gold Withdrawals than it was
last year. the cash balance including gold being
Sis .09Os35, against about sos 900 600 this time
year ago.
In the first hours Of trading. losses were gen.
orally confined to non per cent and at the close
net losses in the principal active stocks were,
with few EXCEPTIONS confined TO fractions. The
heaviest losses were sustained by Distilling and
Cattle Feeding. Reading General Electric.
Southern Railway preferred. Tennessee Coal and
Iron and American Tobacco. Another poor state
ment Of earnings was put out by the Manhattan
Company to-day showing for the quarter ended
September 30. after dividend payments a deficit
Of $751; 3S9. an increase Of $l09S36 over last year
1t may D. remembered that its statement for the
Il
which. according 10 the present rate OF earning
power. as shown In the quarterly statement
would be largely increased IN the current fiscal
year despite the saving in interest expected by
the retirement OF the first mortgage per cent
bonds January J. 1896. The company sent out
statement this afternoon. saying that in the
quarterly showing $ll1.O00 Interest the per
cent bonds 20 be issued 10 take up the Is was
charged. and $4,000 taxes which have not been
paid and which the company believes will not
have to be paid Exclusive OF dividends. there
was a surplus for the quarter Of s2.6ll, against
one OF sl72447 last year: and adding the two
amounts OF interest and taxes. IL would make
an Increase in surplus for this quarter OF Sal 1854
The management Of the Manhattan company
now finds il necessary 10 make elaborate ex-
plantations for all It's poor statements, but its well
meaning efforts do not prevent the stock from
declining. II having lost about per cent since
Monday. London sold some stocks in this mar
ket to-day. but the influence OF such sales was
offset by support from speculative pool which
a prominent factor in yesterdays market.
Values were influenced for a time by rumOrs OF a
heavy failure in the mercantile dstrict. which