New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-28

much business was done but the marke,
bare Of bills and the demand was strone "Ss
Friday great nrmness was noted in the after.
noon, due. probably, to the fact that so muoL,
gold had been withdrawn from the Treasrsa
The Withdrawals for the Week were sl47O5 Nn'
but the exports were s7s6OOO The dlfferenc..
went into barks m town and out of town. and
into trust companies. Over million of the COLA
taken was in bars but il is not known iuss
what premium was paid for 1t. 1t is said thai
the bars were not for shipping. Some bankers
apprehend that more gold will be shinned th,s
week than last The following table shows the
current rates Of exchange:
Sterling CHS ,Sas ss 81. ss.,, s "
ReIchsmarks 49,. ....... e5s AZ
Guilders ...... ....... 4os to,..
Foreign markets were undressing to Ameri-
cans except for a continued loss of confidence
in our securities.
ON THE STOCK EXCHANGE.
The attention of the financial community was
entirely absorbed by the matter OF gold exports.
1t was not the single fact that gold was leaving
the country which caused so much anxiety, be-
cause gold exports about this time or year have
occurred before without exciting much comment;
what worried people the attending circum-
stances-an imbecie Congress and an irresolute
Administration The most ordinary intelligence
could see that only Il little wise legislation was
needed to steady financial affairs and allow the
business community TO advance 10 the prosperity
which lies before It, Sc pain appeared To be the
course Tor Congress and the Administration to
pursue that Wall Street during the latter part
OF the week ,elt sure lie must soon be followed.
This explains why, when the situation was so
depressed that some observers thought II might
grow worse soon. the market became firmer and
prices occasionally advanced Matters were so
bad that every one said something must be
done Never before had so much gold been with
drawn from the Sub-Treasury in a week; and.
remembering the Presidents pledge to issue more
bonds when needed. the Street began to look for
circulars. SO far as can be learned n9ne have
vet been prepared 1t seems possible that the
President means to give Congress an object
lesson by letting the reserve get lower and
lower, until his party fakes acuoh or me re-
rubllcans can come to the rescue. until this
point H. reached the markets are expected 10 be
dull and certainly not higher. II Is worthy or
note that much confidence Is felt now In the
probable course OF the banks OF this city Whie
they are not expected to be guided by fictitious
patriotism but BY good sound sense, IL Is be-
iieved that they will il bonds are issued, readily
arrange to take the loan promptly
So far as details go. the market or the week
presented little Of note. Trading was narrow
and generally professional: but for the middle Of
the week the tone was firm. and prices advanced
occasionallv owing to a covering of short con-
tracts by timid operators. The tendency. now
ever was toward q lower level Sugar Refnng.
the gamblers favorite.' was little dealt IN. Inc
other Industria,s We're weak. the Changers STOOD
up we'll but the shares OF the great bankrupt
RAILWAYS were especially heavy IN view or the
Of assessor nts on the shareholders.
Yet why Southern Railway shares declined
could only be explained on the ground mat some
members of the reorganization syndicate were
taking profits. The anthracite situation was not
improved and the coal properties reflected this
condition The following table shows the fuctu-
ations of the comparatively active stocks. wnile
our weekly range furnishes a more compIe-
hensive view of the market: