New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-01
CLOSING PRICES or CHICAGO STOCKS.
on THE STOCK EXCHANGE.
Total shares for tn

Monudy, december 3l-p m.
Opinions OF people who have watched the stock
market for the last two years differ about the
prospects for 1885, but notwithstanding this there
seems TO be reasonable ground for the belief
that the value OF stocks at the close Of 1895 Will
show an improvement over their quotations to-
day. The series OF distressing events which have
had such a depressing effect upon stocks even
since the panic began are beginning 10 be OBJ
scured by some cheerful symptoms OF returning
confidence. and In order tc have these symptoms
develop into something tangible the help OF Con-
gress must be given. No one in the banking
community believes that the present effort OF the
Administration TO pass an unsound currency bill
will be successful but as long as the tinkering
goes on there will be fear and dstrust in some
quarters. The beginning Of the new year should
end OF he Democratic currency nonsense.
and effort should be made in the remaining
days Of the present Congress 10 shape legislation
with financial recovery for its immediate object.
Some New-York bankers were in Washington on
Saturday They conferred with President Cleveland
about the financial situation. and he Informed
them OF his intention to make another bond issue
just as soon as the needs Of the Treasury de-
manded IT, From present indications such an Is
sue will be necessary before long. and Congress
should at once authorize the Treasury Depart
ment TO make popular bond loan al a low rate
OF interest. instead of an unpopular issue like the
last two.
on the Stock Exchange the volume OF trading
to-day small and unnteresting. Many
operators stayed away from the Exchange al
together. and the closing day of business in
stocks Of 1894 without a single lively feature
Reading weak the report from Philadel-
phia that the reorga nization plan would not go
through on account OF the lack OF support by
the stockholders and junior bondholders. Here II
was denied at first. but after the close or busi-
ness the Olcott- Earle committee announced tnal
not having received sufficient deposits or the
Junior securities 10 make the plan erective IL
would proceed to instruct the trustee 10 Degln
suit for the foreclosure If the property under the
general mortgage. |, further announced that II
had received a majority Of the general as ana
tina, before sale under foreclosure was made IL
would present new plan OF reorganization Inc
Granger stocks suffered fractional declines, Chl-
cago Burlington and Quincy falling or on ac-
count Of the poor showing OF its November state
ment and the rest OF the Changers acted III
sympathy. Baltimore and Ohio showed net
gain OF point. advancing on good supporting
orders an Jersey Central also scored slight
gain The changes In the rest OF the list were
Insignificant and the days trading. which
amounted to only So 9S9 shares. was dull and IN
keeping with the usual quiet which the holidays
always produce In stock speculation. The an
nouncement OF the withdrawal or 100000 gold
Tor shipment abroad was made and foreign ex-
change bankers said that II would be followed
by more at the close OF the week.
BONDS-THE FEDERAL TREASURY.
Government bonds sold: $4,000 IS. coupon. at
n.y. Quotations were follows