New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-24
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.



Intelligent interest IN Wall street to-day
centred in the matter Of gold exports. which
doubtedly is the principal element Of distress In
the stock market Gold to the amount OF 1850
600 was withdrawn from the Sub-Treasury for
export. and notice was given that ST. 900 900 more
would be wanted tomorrow. The amount taken
and engaged so far this week is about So 900.
and the total by Saturday will probably be
s. 900 600. SO far the sem-oficial Efforts 81
the Government to arrange with exporters Of the
metal take gold bars at a small premium
rather than gold coin are concerned. 1t can only
be said that they have thus far come 10 moth
ing. The exporters sure 10 get from the
Sub Treasury all the gold hey want. and OF the
kind they want. for export. at the cost Of only
little sorting; and, as to the sorting there IS
the possibility Of less necessity for that from
now on. The Treasury's available stock Of gold
coin has decreased to about $20.0OO.o0O, and
IL Is turning out new coins from the
rnints fast they can be stamped
Some of this new coin is what the ex
porters are getting now. and what they ex-
pect to get more Of soon: why, then. they argue.
should they pay premium for bars? pre-
MUM here would wipe out any small premium
on bars abroad Yet II It is true that the ex-
porters have been buying bars from private re-
finer!es at One-tenth of per cent premium why
should they not pay the same amount 10 the
Government. whose stamp is certainly more &C
ceptable abroad than any private stamp? And
cannot the Government hold the new coin against
the outstanding gold certificates? The ex-
porters think not
So the argument seems TO run on both sides;
but after all, II is hard 10 see why the Federal
Government does not prefer to let gold 20 out In
shape OF bars rather than in coin. ana thereby
save the express and minting charges incident to
ha wing the metal coined. There Is no practical
use for the Government to try 10 throw oDs'acies
now In the way Of gold exports IL is In the
banking business. to be sure; but IL works III n
clumsy fashion. since II cannot impose rates OF
discount, and the like II IL would retire from
the banking business, however. ana leave inc iur-
nlshing Of gold TO the banks where II belongs. oD-
stacles would naturally and legtimatey be
thrown in the way OF exports ana the volume OF
them would be reduced.
The market. rejecting ri bottom the feellng que
70 gold exports under the present conditions was
weak and professional Its course was broken
only by small rallies. due TO the covering on snort
At the close the entire active Ist
showed declines, with exceptional advances or "a
for Sugar, "a for COrdage common and q Tor 5ay
state Gas. The heaviest stocks were OF the prop
critics now undergoing reorganization. Rcadlne
was q conspicuous example. and showed net
loss at the close Of ~ 10 49, Northern Pacihc
also declined rs to 15h, owing to Tor
eien selling Of II. The trading amounted TO H.
2s5 shares, and the close was dull and heavy
BONDS-THE FEDERAL TREASURY.
Government bonds sold: 1000 IS. coupon at
lls%. Quotations were as follows:
II