New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-25
ON THE STOCK EXCHANGE.
Tuesday, December "a

Tuesday, December ZIP. m
The stock market presented comparatively
normal appearance to-day. Trials and tribula-
lions are forgotten in Wall Street. the bust
ness of the present effectively effacng the past.
and those who suffer the severest in times
Of panic are imbued with enough hope and ex-
pectaticn Of future victories to soften the sting
of their defeats The wisdom and prudence of
the leaders Of finance in this city have made 1t
possible for customers to get accommodation to
carry them over their difficulties. The beneficial
effect Of the bankers united action to allay
alarm and apprehension, and the belief that
remedial legislation will be passed to put the
Government upon firmer financial basis, have
caused a complete change OF sentiment, both
here and abroad. and the effect of this change is
nowhere more apparent than in the security
markets. There probably will be reactions in
the stock market. They will be logical and nat
ural, but there is nothing in the present out
look to indicate repetition of last weeks dis
astrous slump There rs too much prosperity
in the companies whose shares listed upon
the Stock Exchange to allow Of any serious or
lasting impairment of their stock values. This
Is onward and upward period In the affairs
of commercial and financial institutions, and
the only weak spot in the whole situation is
the condition Of the National revenue, which,
march of progress and prosperity. The imme-
diate need Of the Government is more revenue.
A Republican House of Representatives has
promised to do its part in affording relief and
upon the Senate and the President will depend
the success of such measures of relief as shall
be proposed; and the President has already
pledged his support to any measure promising
thorough and practical relief"
There was a considerable diminution in the
volume OF business in stocks to-day. Prices how
ever were advancing, and there were many good
buying orders In the market London and the
Continent bought. ard local investors were
again looking about for good bargains The en-
gagement of 81, 700O 900 gold for export by to-nor-
rows steamers had no effect upon the bullish
sentiment as 1t was generally conceded that
the Treasurys gold reserve would soon be re-
plenished Shippers Of gold experienced some diff
Guilty in getting greenbacks with which to with
draw the metal, 1t being reported that the banks
had decided not to pay out currency to be used
10 take gold from the Treasury. Sterling ex-
change was strong and high. demand sterling
reaching "a 80 and cables 81 9lG4 9lR indicating
practical premium on gold The shares which
enjoy an international market We're active St
Paul leading All the Granger shares were
strong and higher, while the general railway list
developed considerable buoyanoy and strength. OF
the active shares Sugar Refining, American To-
bacco Consolidated Gas and st. Paul made net
gains of 3G3R per cent: Chicago Gas Rock
Island Northwest. Louisville and Nashville Kan
sas and Texas preferred. Missouri Pacific South
ern Railway preferred and Tennessee Coal and
Iron gains of 2@2% per cent, while the rest of
the active issues were generally up l per cent
The visit OF Mr.. Morgan &c Washington helped
was that he had gone to the capital on business
connected with a bond issue which Wall Street
expects will be made at the end of the week
Closing prices Of the principal active stocks
compared with yesterdays last prices were as
follows