New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-20
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Tuesday. February 19-p.
The subject Of conversation on all sides to-day
was the Belmont Morgan bond Issue, the pro-
spectus for which not put out in New-York
Until after o'clock. Dispatches from London
had come earlier. however. giving some Idea OF
the conditions OF the ofer abroad. According TO
popular opinion the syndicate has a very good
thing In being able to buy the bonds AZ l0i ~
and sell them al 1924. in New-york and at 49,
sterling rate. In London. But ll35. sterling rate
Is equivalent to ll07,G our rate. with TX hange
at IS: or 10 III 003 With exchange at s. 50
which. being the cable rates. is perhaps
the one which should be used in considering a
transaction Of this kind The price therefore,
for the bonds or certificates. is | 241 (cx change
at 81 Se) or 1913 texchAnge at $3.50 per cent
cheaper abr pad than at home: but this small dif-
ference presumably represents the difference IN
the cost OF placing the bonds In the Two mar
kets; so that the price 10 the investor IS sub
stantially the same. The figures thus do appear
TO be in favor Of the opinion which considers the
Syndicates arrangement good thing. although
IL must not be forgotten that the real task OF the
Syndicate has only just begun, and that NJ one
can now estimate what 1t Will cost TO keep the
foreign exchange market under coniro.. 1t seems
likely that the new bonds Will be I'm great Dc
n.and No transactions in Cover u.ent securities
occurred on the Board to-day. but the quota
tons all siffened. usual table below
shows: Fours up 4 for registered and as
for coupons to Ill and HE respectively. II
ought 10 be noted also. that silver Is up to-day
little silver certificates to the amount Of 80 900
ounces being sold on the Exchange AT 60a4. a net
gain Of a. Mexican dollars advanced fraction
and so did silver In the market Of LOndOn-a
due presumably. to the recent vote In the Ger
man Reichstag in favor Of monetary confer
encc
The stock market opened irregular. and its
course was not marked by movements OF much
inheritance at any time Those who hope for
higher pri ,es noted that the undertonc was stub
bornly firm in a days trading of 1882 shares
Sugar was the most active stock. and had de-
cline1 "a. net. to 92i4 at the close. Tobacco ex-
ceIled It's rival. and lost IA, net. 10 s9& on
pretty large dealing for IT, The other lndustrials
kept steady. Notwithstanding the alleged floating
indebtedness Of Chicago Gas. On the strength
Of the Burlington dividend, at the reduced rate
Of three months ago. which was declared to-
day the Gringers ended the session fractionay
higher except for Burlington itself. which was
left unchanged at 707s having at one time been
at ~. The coal properties were also up: ana
indeed closing quotations along the entire active
list as a rule showed small gains-due almost
Invariably to n covering OF shorts. Al the close
the market was dull.
BONDS-THE FEDERAL TREASURY.
Government bonds sold: None. Apparently
BUYERS were waiting developments on the part
Of the Belmont Morgan Syndicate. The ten
dency Of prices was upward Quotations were az
follows: