New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-13
ON THE STOCK EXCHANGE.

Monday, August PIP m
The withdrawal Of gold for export to-day was
used by the bear element to depress prices ana
some liquidation was brought on by gold export
talk The amount of gold withdrawn to-day Tor
export tomorrow was 1.650.0O0. chiefly by COM
mercial houses a firm of coffee brokers taxing
8, 900. 600 OF il. This last amount was engaged
last week for shipment on saturday, pul ior
sonoe reason known only to the firm the order
was cancelled and the gold re-engaged to-day
This house was a seller last week oftgold bills
which had TO be covered by gold shipments aho'
as the firm has gone into the foreign exchange
business 1t may continue to make gold Ship
ments until the demand for remittance can be
settled by a good supply Of bills Bankers still
believe that the crisis in the foreign exchange
situation has been reached that the gold ex-
mort movement will soon dwindle away, and that
the rates for; exchange, which are now so ao-
normally high will fall to figures low enough 70
suit all buyers in the exchange market II
shrewd observers are mistaken about the oura-
ton OF the present high rates for exchange goid
EXPORTS might cause alarm which wouldIorce
a serious liquidation in stocks, for 1t must'be re-
membered in connection win tne so'u eH s',o
movement that the National revenues commune
10 fall considerably under expenditures AT TINS
time Of the year and under present connli'ohs
there is every reason 10 expect ho"evtr ul't'1 ,s
foreign exchange situation Will soon change' ana
SO the Street maintains its equilibrium and con-
tin1es confident that all will go well.
The efforts Of the bears to cause liquidation TO-
do,, or goId-export talk were successful for a
mart oftthe time. but there was strong under
tone in.the market. which prevented any serious
breaks Trading was duh ana restricted HI All
times and only small traders were in town 10
watch the market. There was some GOOD buying
IN Chicago Gas which opened above saturday s
closing hut later on il declined fractfonally The
whole list was higher at the opening but the
withdrawal Of gold for export produced fractional
Losses in most stocks. The extreme dulness in
the stock market has even reac1e . ns
filling and Leather total transactions amounted
10 less than &c 900 shares. The Favorable crop re-
ports helped the Granger SHARES 70 make only
slight concessions in the face OF gold exports and
the anthracite coal shares were strong, feadlng
closing half-point above Its opening jersey Cen
trail showing no loss and Susquehanna ana west
ern gaining over per cent Inere was some
talk about a readjustment OF the trade by a
scheme in which the Vanderbilts were SAID 10 De
interested. but the Vanderbiits nave repeatedly
denied any connection with any Reading reorgani-
zation or anthracite coal settlement schemes
The Gould stocks continued active ana to-day
good many traders bought them and subsequent,
~ sold them for small profits. The advance ana
activity In Missouri Pacific. Manhattan hallway
and Western Union are in line with the present
earnings of the companies Interest IN the street
has been attracted with renewed force TO the
progress Of reorganization committees. and many
rumors spread to-day concerning the meet
ing at Mr.. Norgan's office or various interests
which are trying TO reorganize Northern Pacif-
&c. Mr.. Morgan is away, but there is nothing 10
show that his representative at the meeting made
any pledges for him In regard 10 a reorganization
plan. If Mr. Morgan is in Northern Pacihc re-
organization 1t will most likely be In an indie
pendent way, and not In connection with the
Great Northerns interests AS for Erie reor-
ganiZation. the plan Will be announced as soon
response is received from foreign security
holders The plan will involve the issue OF $685.
900 900 prior lien bonds and $40 900 900 general
Hen bonds TO cover the entire property. the gen
erai lien bonds to hear per cent interest at first
and increasing to per cent. The assessments
as mentioned in this column last week. will be sl2
a share on the common and IS a share on the pre-
ferred.
BONDS-THE FEDERAL TREASURY.
Sales of Government bonds confined to
sl3 600 registered a. Of 1907 at 112A Quotations
were follows