New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-09
CLOSING PRICES OF CHICAGO STOCKS.
on THE STOCK EXCHANGE.

Friday. February S-p. m.
The market was exceedingly dull but steady.
after slight declines at the opening. until the
announcement OF the terms Of the bond arrange
ment. shortly before p. n. Considerable activ
fly was then developed for a time but II was
activity in an unpopular direction prices fell off
from a small fraction &c over point. 1t had
thus been made evident in moment that the
announcement was not we'll received. An issue
OF 800. 200. 900 had been expected. and while 500
900 900 (nep would bring the TO the
qured point. 1t did not provide such margin
Of protection as seemed desirable. Moreover. the
rate the Government would have 10 pay. 3a>
per cent. regarded very high. and likely
10 have bad effect on the country inasmuch as
it might force municipalities and other corpora
tons to pay more for money than heretofore.
This is, indeed. a serious consideration II may
be that reflection will modify this judgment con-
sideraby when all details II the arrangement
are known and that the market for stocks will
respond favoraby. at least for time We
understand that $50 900 or more will he dis
posed OF abroad. Undoubtedly the President
counts upon a speedy increase Of revenue -
prevent a recurrence Of the present emergency
and that. certainly. Is the conspicuousy weak
point OF this daring venture. However. cautious
observers In the banking community are inclined
to admit that the loan Will prove cffectual as
stop-gap for a considerable time; at least until
the Republicans can control the House OF Repre-
sentatives. and properly modify the effect Of
vicious Democrats legislation II may be added
that Wall Street does not believe that this CON
eross viii allow the President to make better
terms than 3% with the Syndicate. as he sug-
gests. by authorizing a per cent gold loan
within ten days.
Under the circumstances. the most significant
movement ~ stocR prices to-day was the de-
cline which followed the announcement OF the
hond bargain If Il was the result Of hasly
Judgment II was natural that no real recovery
should occur until the Stock Exchange and the
Dublc had more light. No real recovery did take
nlacc although the close was not quite at the
lowest prices. The Changers had an especial
cause OF weaknesr IN the greater operating eX-
penses which the present storm VIII entail
Even the manipulated group Oh speciaities leIt
Tho depressing influence. The net results are de
clines OF rearly point. ana often Hioic' aio"s
the entire active list ,ol,,o,,
Government AZ coupon sold to-day at OnllOa
and a. registered At the same price. which ~ a
decline Of IL for the coupon serbs and "a for the
registered The new A. for the syndicate VIII
cost Thorn 1044 There seems 10 be a fair mar
gin Of proft.
BONDS-THE FEDERAL TREASURY.
Government bonds sold $4,000 as coupon ~ "ol
AT ll0l, and $4,000 Of the same at l!oi@ s.o'O"2
rs coupon AT llla. nl5: s2j 900 IS coupon tH 80 ~
1lila and $50 900 SO registered at lli;s Inc Dulh
Of these sales was before the Donu announce
ment Quotations. were lover for the ~. pu'
shade better for the So and were az folIow"'