New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-04
on THE STOCK EXCHANGE.


Nothing has interested he financial community
during the last week - much as the prooabN
bend issue for the benefit Of the United States
Treasury. The reception which the Presidents
message to Congress met with at the Capitol
convinced every that no action could be
Hoped for from the representative branch OF the
Government. and IL not great surprise.
therefore, when the Assistant Secretary OF tho
Treasury arrived in New-York to consult with
agents Of foreign banking houses In regard to the
matter. The feeling is pronounced In wan
Street OF late that II is not much use TO put
domestic gold into the Treasury; but that II
foreign stores could he drawn upon for a largo
amount the replenishment might last untl
Republican Congress could take steps 10 insure
a permanent supply The point, however. IL not
easily sustained by argument AT this writing
details Of the proposed loan have not been made
known officially That the emergency has been
fully met by the Government. although not in
the wisest way. Is shown by the fall or foreign
exchange rates by the cancellation OF orders 10
ship gold, by the actual return TO the Sub
Treasury NJ gold and the rise in prices In the
stock market. well as by better tone In the
grain and produce markets. IL is believed tnat
all danger Of panic. or Of such loss OF conn.,
dence in Government credit as leads to panic 10
now averted, and that before the point OF peril
is reached again something will have been done
to put the monetary system or the country on
sound basis. on one pint in connection with
the bond negotiations information Is awaited
with nterest-what part are the New-fork
hanks 10 play in the matter? 1t Is known that
they are willing to-day. as ever, to aid the Gov.
eminent TO maintain i:5 credit.
The market for stocks hung on the bond Issue
question and its variations chiefly represented
the alterations OF opinion concerning the success
of the Presidents efforts. Everything " as down
early in the week-goOd securities as vel az pad
The bond undertaking was the only factor OF
influence Little attention for instance was
paid 10 the bad condition of the anthracite coal
trade az revealed by the annual report or the
Delaware and Hudson Canal Company. Fead-
ing's showing for December also bad. but
the effect was limited. Neither was much atten-
ton paid to the scandaous proceedings or inc
C;reenhut party in the West 20 keep possession
of the wreckage OF Dstilling and Cattle Feeding;
and the effect Of the Rapid Transit rerCrt and
suggestions upon Manhattan were not wnas
might have been expected The probable settle
ment OF difficulties between the parties IN inter
est in Chicago Gas. however, was rejected In tho
upward movement Of that stock; ana Sagar.
while dull, was strong; but the Industrial group
generally was weak. and the prospective bond
issue did not entirely stop liquidatirg. General
but IL is only fair 10 say that no inteligpe rea-
son was given for their declines. save toat tfese
stocks have no support, and that II tney must
he sold uhe holdings OF an estate. for instance)
prices naturally decline. Pacific Mail went down
on tales OF revolution in Colombia, but was tet-
ter W sterday. The Changers and the general list
showed the influence of the probable settlement
OF the Governments troubles by nrmness anu
higher prices The international stocks respcrd-
Cd most ouickly-St. Paul. and Louisville ara
Nashville for instance. Even the bankrupt prop
critics picked up a little. The fluctuations IN inc
specialties OF the market are shown IN the 1oi-
lowing condensed table: