New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-28
c,os,vc PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Wednesday. November 27-p m.
There some improvement in the stock
market to-day The satisfactory passing Of the
fortnightly settlement on the London Stock EN-
change and the announcement of the virtual
submission Of the Sultan to the Powers were
Elected in higher prices abroad, including an
advance in British consols and in moderate buy
ing on this exchange for the foreign account.
Trading here was stimulated by these develop
ments and also By an easier foreign exchange
market The supply OF cotton bills was material
" better There gold cables offering.
but it is believed that bills have already been
sold to be covered by small shipments Of gold
at the end Of the week. Foreign exchange bank
ers are feeling easier over the immediate con-
ditions in the sterling exchange market. and
some are holding to previous opinions that little
gold will 60 out between now and January /.
II is understood that the Georgia Central bonds
offered last week have been absorbed, and that
some Of those going to the syndicate have been
sold abroad Unless these have already been
drawn against. considerable exchange will be
furnished by the transaction. Despite the hope
full factors in the days budget OF news. trading
was almost wholly professional, and while en-
couraging developments caused more activity,
higher prices resulted in great part from cover
Ing If shorts and closing up Of contracts over the
holiday The Indusirials the leaders IN
point OF activity. The shares enjoying an inter
national market followed, and advances in them
ranged from z to rs per cent.
Perhaps The attention which is being given 10
gold mining speculation in Colorado accounts
for an advance of over per cent in Denver and
Rio Crande preferred. This company will un-
doubtedly be benefited by any increase In pro-
duciiOn in the Colorado mines and the demand
for the stock of the company to-day would in
dictate that such consideration inspired pur-
chases in it, Wall Street. or at least so far
small part Of II. is beginning 10 feel the effect
OF the elittering inducements and we'll worded
circulars concerning the mining boom In the
West and both yesterday and to-day there
some activity in the mining shares in the un-
listed dcpa rtment Of the Stock Exchange. There
have been various reports in the last few days
Of various interests working to introduce a good
sized mining boom in Wall Street. but there
has yet been no general response. Ii Is not i'm
possible or improbable. however. that the min
ing share speculation In Colorado may extend
TO WAL Street. Most of the Industrial shares
higher on covering Of shorts, Sugar REIN
ing American Tobacco, General Electric and
United States Leather preferred advancing Ia
IA per cent Chicago Gas was weak on further
"Maoney rumors" from Chicago Louisville
and Nashville was up over l per cent Lake
Shore Illinois Central and Michigan Central
were unusually active. all making substantial
gains. The Granger shares closed at fractional
gains, dealings in them. St Paul excepted, being
light Exceptions 10 the general advance In the
railway list were confined 10 stocks which are
usually lightly dealt IN. such Columbus
Hooking Valley and Toledo Delaware Lacka
wanna and Western Lake Erie and Western
Minneapolis and ST Louis Northern Pacific pre-
ferred. St Louis Southwestern. Ann Arbor and
Wheeling and Lake Erie preferred. Net de-
cnes In these shares fractional. The mar
ket closed dull, hut generally strong
Closing prices Of the principal active stocks