New-York tribune., 1895-10-18

=; PRICES OF CHICAGO STOCKS.
on THE STOCK EXCHANGE.
Thursday. October II

Thursday, OCTOBER LIP. III.
The uncertainty in regard to the course OF the
foreign exchange market was responsible for an
other dull day in stocks. and further advance In
sterling rates brought out moderate iiquioa'ioh'
and prices for most stocks were lower
The continuance Of the upward tendency IN
the foreign exchange market caused fear Of gold
exports but shipments Of the metal are not looked
for this week. 1t is believed. however. that the
commercial house which was the largest shipper
Of gold during the recent movement will begin
to make exports Just soon az proht can be
figured on the operation The rapid advance in
cotton in the last few days. which. however. was
somewhat checked to-day. has stopped to a great
extent the exports Of cotton abroad and to-day
the foreign exchange market was totally bare OF
cotton bills. The sale Of the Anaconda mining
property TO an English syndicate WILL II is ex-
pected be completed in the course OF the next
week and this may furnish a large block or ex-
change providing that 1t has not already been
drawn agains-Which Is not improbable III ap-
pears that for the present the only nope Tor lower
rates Of exchange Is from an increase IN the ex-
mort movement of cotton and grain. but cotton
exports. as noted above have been materially
curtailed by the high price, and the movement
of grain so far has been disappointing. The de-
mand for exchange from merchants and bankers
with the purchases by those who were snort OF
exchange under bond syndicate operations. has
been enough to absorb all offerings. ana the con-
dition OF the market. with heavy speculation In
cotton going on and a backward cereal move
ment is far from promising, especially In Vie" OF
the trade balance which IL against this country.
Although the properties which comprise the
great bulk of Stock Exchange investments are
showing most favorable earnings. outside inter
est in them will not be renewed until the future or
the National Treasury Is more clear and the pur-
bose OF the next Congress on currency questions
is manifested. The movement In the general Sc
curity market depends at present to great ex-
tent upon National finances, and when the pubic
has received some assurance that gold exports
will not be made. that bond issues Will not be
necessary and that satisfactory ways Will be de-
yised TO secure sufficient revenue TO meet expendi-
lures the security markets VIII at once reflect the
change The market IL all ready for an advance
and when better conditions prevail In Washing
ton the public here and In Europe VIII lmine-
diately make II move. To-days trahsactlons
were small and narrow, ana the market was nu
and unsettled Only professional traders were In
evidence and even in the speculative favorites
the volume Of business was limited Inc faVor-
able report OF st. Pauls earnings FOR the second
week in September prevented the Granger sharer
from suffering more than fractional declines Tne
Industrial shares were weak. the bulk or the trad
ing being In Sugar Refining which closed fraction
ally lower. Pacific Mall declined per cent ana
there was considerable weakness In the shares or
iron, steel and coal companies. The ony actVe
stocks TO show net advances were Cleveland Lo-
rain and Wheeling and Consolidated Gas The
market closed heavy. II was reported on good
authority to-day that Vanderbilt brokers received
some large buying orders two days ago ana that
some Of them were executed in the Granger shares
on Tuesday when the market closed at genefal
advances. The Union Pacific reorganization plan
was given out after the close Of business and
full synopsis OF II will be found In another column
Closing prices OF the principal active stocks