New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-07
PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Tuesday, August 6-p m.
The stock market was dull again to-day. trans
actions amounting to onlv 147.057 shares. Such
q condition Of affairs, however, is not worrying
the Street unless 1t be the professional traders,
and heavy interests are watching the market
from their summer homes with complscency
People who hold stocks do not seem to want to
part with them. and there Is undoubtedly a
great scarcity Of floating stock In the market
except. perhaps. In some OF the speculative pub-
bles People who have good stocks are confident
of a big increase in values before many months
To-day's trading consisted principally In bidding
I'D a number OF shares by the professional elc-
ment and a selling pressure in the afternoon for
profits which resulted In lower prices at the
close. The Industrial shares developed the
greatest activity and Chicago Gas and Sugar
Refining were both higher in the early dealings
but lost the gain on realizatons. The fact that
the Westinghouse Company has entered into an
alliance with a big locomotive company Tor the
purpose OF building electric locomotives had no
effect upon General Electric stock. as was ex-
pected but the announcement OF such combi-
nation Of capital aggregat.ng $2o0OooVo caused
considerable talk In the Street such sono nf
ton Is significant 1t may be the means OF
revolution In the transportation business ana
perhaps the Manhattan Elevated railroad wiz
be the first to receive the benefit OF inc commune
ton for II will be remembered that the Manhat-
tan people we're recently In conference win the
Wes;inrhouse COMPANY The general railroad
list was inactive. Changes were small, ana out
side OF continued good news from the crop cen
trcs there was no news or development 10 anect
railway shares. Southern Railway was lower,
and the anthracite shares were neglected. IL was
reported that the individual coal operators had
decided to force the big companies TO do some
thing by putting 1900 tons OF coal on tne
market at 81 ton. but this report received no
notification. As far as can be learned nothing
,s being done at the moment to clear the anthra-
cite situation. which grows darker every day.
Inasmuch as the present Withdrawals ana ex-
ports OF gold are not from a scare on the cur
rency situation. or from large sales by europe
OF our securities, but from natural causes
there ought to be alarm over the SITUATION
lust now European traders appear 10 De pear
ish on American stocks, and English Journals
~ be noted however, that the movement IN
placing frst-class American railway pohds
abroad has not stopped, and only yesterday !,
was announced that $2Ooo,OOO OF louisviiie ana
Nashville bonds had been placed In Europe.
The gold export movement has already begun
10 cause talk of another bond issue. but there
seems every reason TO believe that the Treas
ury's gold reserve will not be depleted to sucn an
sxtent as to make another Issue OF Government
bonds necessary. The bond syndicate has an
option on any bonds the Government may is
sue before october, and some people are say
ing that the syndicate Is already making ar
rangements to take another issue or Govern.
ment bonds This time last year an export
movement Of gold was on. Then there was d
necessity for bond issue, but In co'npn n,'n;
this year with last. and taking into accoums
the present gold export movement tns cna"o
in general conditions must be considereo. ~
careful study Of the situation. with the pIospe.'
for the immediate future considered ought to
dispcl thoughts OF new Government Donu s"'. ..
To-day's Withdrawals OF gold amount me -. ~ !,
$3.50 900. all for export and the chahces az ,,, 10
at least 81, 900, 900 and perhaps more WI" -
out on Saturday. General conditions w inc
foreign exchanges remain unchanged, atnoush
the market Is trlhe easier. due 10 '"e apPe"'-