New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-23

N THE STOCK EXCHANGE.


In the face Of large exports Of gold an advanc-
ing stock market Is not to be expected and there
Is reason for satisfaction over the absence OF
liquidation In the presen. outward movemen; OF
the precious metal The effect of the gold ex-
norris upon the stock market has been to produce
unusual inactivity. which to-day resulted almost
in stagnation Gold to the amount Of A60OOO0
was taken for export tomorrow. making the
total for the week S1.350.000 The shipments OF
these large amounts are causing no alarm In
the banking community. but they are viewed
with dissatisfaction on account OF the causes
which have made them necessity at this pc
Rod The operations Of the Wilson Tariff law
are Justly held responsible for the present obi
cations which demand settlement in gold. and
there are few men in the banking community
who attribute the present condition OF affairs to
other causes despite Secretary Carlise's asser-
tons that the much bused greenback is directly
responsible for gold exports. revenue deficits.
etc The outward mo, ement Of gold is viewed
with complacency. because 1t is believed among
bankers that the gold will be replen-
ished and to-day's gossip all toward bond
issue which woul not be unwelcome TO the
bankers in this city. The values Of standard in
Vestment shares are being we'll sustained. Hold
efs nave shown no fear. and Stock Exchange
transac tons at present represent little else than
professional trades and the efforts Of the bears
to depress the market the gold export move
ment. Tne Treasury's net gold bsapce with
to-dsys gold Withdrawals deducted, stands at
S.. 800. 25l, and II Is thought by many leading
bankers that the Administration will not allow
held by the Treasury over and above that held
against gold certificates ia about $33, 00O0 and
II shippers can get gold bars these pre-
ferable. inasmuch they be easier handled
ard do not suffer from abrasion. as coins do.
To-day the Treasury Department offered gold
bars to shippers at a premium Of one-tenth Of
per cent. but this was not accepted and an offer
Of one-sixteenth Of per cent was made and
accepted, which resulted in exporters taking
Sc 100 900 gold in bars. instead Of coin.
The new Government per cents were lower to-
day. Declines in stocks were confined chiefly 20
the Industrias. while most Of the railway shares
showed no material change In value Cleveland
Cincinnati Chicago and ~. Louis and Lake Erie
and Western were down over per cent mod
crate sales and Missouri. Kansas and Texas lost
nearly per cent. Elsewhere in the active rail
way list when declines were made they were only
fractional. and In several shares advances were
scored. southern Pacific. Reading Northwestern.
Northern Pacific. and Chicago. st Paul Mime
spolis and Omaha being IN the last named class
American Tobacco declined on renewed reports Of
new trade opposition to the Trust while moderate
liquidation in Chicago Gas. Sugar Refining and
United States Leather preferred responsible
for lower prices III these shares. Western Union
and Manhattan. which have recently been weak
features closed without change. London sold in
this market Louisville and Nashville and ST
Paul suffering fractonally on this account. Total
sales in all stocks amounted TO only l4l 800 shares
Of which American Tobacco. Sugar Refining Chi
cago Gas ST Paul United States Leather and
Western Union furnished nearly three-quarters
OF he business.
An encouraging feature of the days develop
ments regards the foreign exchange situation
order the Sub-Treasury for shipment
~ 100000 currency TO the South In connection
with the cotton movement This would indicate a
'reer movement OF cotton and more exchange
bills in the market.
Closing prices Of the principal active stocks
conpa "a with those OF yesterday. fol-
lows.