New-York tribune., 1895-08-03
CLOSING PRICES OF CHICAGO STOCKS
CLOSING PRICES OF SAN FRANCISCO STOCKS.
on THE STOCK EXCHANGE.

Friday, August 2-p. IN.
PEOPLE who rush to hasty conclusions were
somewhat alarmed to-day when announcements
Of large gold Withdrawals were made, ana the
bears in the stock market were able 10 lnhuence
values to their own liking. 1t should be remem-
bered that the gold withdrawn to-day for export
,o-morrow was taken in great part by CONNER
cial houses and that none OF the large DahKins
oorcerns which are usually heavy shippers OF
the precious metal, were interested IN the move
ment and showed no disposition to become inter
.sted I'm II, II should also be remembered that
tho bond synd,cate made good to the Treasury
,.st week the amount Of gold previously taken
out for EXPORT and that II stands ready TO re
neat the operation If such a course should be-
coma necessary The bond syndicate controls
sufficient gold to meet any drain mace upon the
Treasury by gold exports, and the chances are
that II II did control such an amount OF so'o
II would prevent a drain upon the treasury ps
easing up in it's foreign exchange rates Inc
pressure for remittance on mercantile account IL
rather heavy lust now, and some firms ma IL
cheaper TO send gold than to take the syhoicate
hills and they question the right OF tne synnl-
cate TO hold exchange at the present hlsn "b
ures: but the syndicate does not 'oi,e ,han, =,
buy its bills nor does 1t interfere WIN 'heni II
thcy wish to export the metal There Is no ne.
cessity for uneasness on account OF eAoo''s oi
gold and even II they should Ieach Idrec
amount they would have no harmful effect upon
the Treasury which has an ample store OF soin
and will be protected according to the terms oi
tho contract which do not az has been repeat
edlv said require the syndicate TO prevent all
outward movement OF the metal The Bank OF
Montreal withdrew $. 900 900 gold to-day from the
Sub-Treasury to add to its cash reserve. ana TWO
mercantile firms and A bullion house TOOK OUT
between them $l,3oo'VVV eoio '"' c~P''' !" -"
rope tomorrow . ,-. .
frntil the pressure In the foreign exchange mar
ket is removed there will be no material gains In
the stock market General conditions however.
re TOO encourag ging to make sharp declines, other
than those Brought on by professional trading.
likely and gold exports under present conditions
should not have any material effect upon prices,
which are only waiting for end OF the high
rates OF exchange and the harvesting Of crops be
fore moving up Exaggerated reports about gold
exports were circulated this morning. unsettling
the market, and weak holders sold. In the after
noon when a better knowledge had been obtained
about the gold Withdrawals. there was ten.
dency toward higher prices over one-thrd OF
the total transactions In Sugar RenninR'
which sold for profits on the advance OF the
last few days. The Granger shares were GOWN
about per cent and the general railway list was
lower The Southwestern railway shares were
inclined to resist the downward movement any
only lost fractonally. Dstilling and Cattle eco,
the Greenhut injunction obtained In TINS cty yes
terday. The old managers Of the Distilhns Com- I
pany continue to object to the judicaI sA'e u .e
concern, but their real motive is 10 lnnuence 'ne
stock market to such an extent an TO snake out
enough stock to enable them to cover tneir snort
contracts on the Stock Exchange. An inJuhct'on
was obtained In the Supreme Court yesterday by
representatives Of the Gresnhut.Morrc intsresu
TO restrain the Reorganization Comm'''se ''o"