New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-08
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.
Wednesday. Angus

Wednesday, August Up. m.
There was no interest in stock trading to-day.
Surface spectators are about the only ones who
are giving the market any attention. and heavy
interests are watching the course Of prices, wait
ing for a change in the foreign exchange slua-
ton and the final outcome Of the harvest before
coming into Stock Exchange transactions again.
London prices were weak to-day. there was con-
siderable selling for the foreign account, and
local profit taking sales There was not a heavy
movement in any stock and outside Of Sugar
Refining, Chicago Cas- Burlington and General
Electric transactions were extremely small.
General Electric was higher good trade re-
ports. The general railway list was neglected.
Afternoon prices were somewhat above the morn.
fng's level and the market closed quiet and firm
Gold to the amount OF 81 000 900 was withdrawn
from the Sub-Treasury to-day for export 20 Eu-
rope by firm of coffee brokers' This firm has
already shipped 81. O00 and 1t has now APP
parently gone into the foreign exchange business.
From the price at which cable transfers are SELL
ing it is evident that considerable exchange is
being sold against gold shipments. and II Is ex-
pected that large amount OF gold will go out on
Saturday. The export movement OF gold Is
growing larger every day, and while there 6p-
pears 10 be no cause for ALARM still the move
mert Is not 80 trivial or unmportant as Admin
istration papers would have every one believe.
The syndicate has a large store of gold at lis
command and 1t will probably replensh :he
Treasury's gold reserve II the movement does not
grow too large; but there are now indications
which were not present week ago. which lead
to the belief that more gold will go out than has
been calculated upon. 1t is a condition of affairs
for serious consideration and should not he
laughed aside The general condition OF the for
,.ix, ahn,a ynI .t,l
there are no new features to the situation as
regards rates. There are very few bills in the
market and the cotton and grain futures which
have made their appearance are too few TO be OF
any consequence. 1t was reported to-day that
the syndicate would lower its rates for exchange.
but this rumor received no confirmation.
Northern Pacific affairs occupy considerable at
tention just now, although no definite announce
ments are being made concerning the progress or
the company's reorganization. 1t Is true that Mr..
HILL OF the Great Northern. has proclaimed In
various interviews In the West that his road
would get the Northern Pacific. and that the plan
by which this ie to be accomplished was already
matured. but those opposed TO the consolidation
scheme think differently. The suit which has
been brought 10 Gust the receivers Of the road Is
based on reasons which thoee who have brought
II believe sufficiently justinable The people Of the
Northwest are indignant at the idea OF reorganiz-
Ing the Northern Pacific on lines which would de-
prive the people OF the benefits OF competition,
and strong opposition is forming to the pro-
posed Great Northern-Northern Pacific cOnso-
dalton. 1t III by means certain that the large
banking interests will favor any such scheme.
and the report recently printed In The Tribune
that Mr.. Morgan would conduct an Independent
investigation OF the road has set many people TO
thinking that MI. HIS chances OF getting the
road are extremely small. The anthracite coal
situation commands more attention than North
ern Pacific affairs and almost as much az the
foreign exchange market. 1t was reported that
meeting OF banking and coal interests would be
held to-day. but II a meeting was held It's result
was not made public. and the Street Is as much
In the dark as ever OIL the situation. II might
be we'll for the presidents Of the coal producing
and carrying companies TO shorten their vaca-
tons and attend 10 the coal troubles before the
individual operators force them TO do something
for the rumors are growing more numerous that