New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-17
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.
Wednesday October 16-p.

further advance in sterling exchange to-day,
carving the rates for actual business for demand
sterling to 81 S81h, was received with considerable
disappointment in the Street and was responsible
in part for a reaction in prices on the STOCK Elk
change. The short interest In the speculative
markets apparently finished the covering process
Yesterday, and to-days stock. cotton and grain
markets were ready to react on the slightest prov
ocation and the price Of cotton fell off, while stock
values with few exceptions. were lower at the
close of business. There was considerable specu-
laton concerning the course Of the foreign ex-
change market in the near future. and naturally
gold export talk was heard again AL TINS ume
last year the foreign exchange market began 10
show stronger tone and small shipment OF goid
was made. but this did not occur again until
November TO- when another small shipment was
made. which. however was a special transaction
and not warranted by prevailing rates. In the
first week In December the foreign exchange mar
ket became practically bare Of bills. and from that
time on until the February bond issue gold was
exported in large amounts The selling by Europe
of American securities at this time last year was
considerably heavier than at the present, and
there were other conditions which. not now being
factors in the situation led to the necessity OF ex-
ports of the precious metal. but Notwithstanding
this there are many for believing that
there will be an outward gold movement or con-
siderable size in the course OF the next -FOUR
months and unless measures Of relief are passed
by the incoming Congress the result Will be the
same as last February-a bond issue. Inc UNI
favorable factor in the situation as regards gold
and the Treasurys finances is the rapidly accu-
mulatng deficit which for the sixteen days OF this
month has amounted to So 46S making the
total deficit for the fiscal year TO date s2OOo2l2o
The report of exports from this port Tor last week
showed decrease from the previous week OF
s497 O66 one Of $6255S4 from the corresponding
week in 1894 and decrease from the same week In
1893 Of POS 026. Imports for last week showed an
increase over the same week last year Of S7S9.2g5.
There are few commercial bills in the foreign ex-
change market, and some bankers oeieve that
considera BILE covering has been accomplished in
the last few weeks by bankers snort OF eHchahse,
under syndicate operations
The volume OF business In stocks fell on from
Yesterday and the market was generally dull ana
beavv The Indifference shown In London over
vesterdavs advances here was depressing In
fuence in addition TO the higher Foreign ex-
change rates The stocks which enjoyed the
chief gains yesterday were the largest sufferers
,odav tho Granger shares declining nearly l
per cent and the Industrials from "a to per cent
Selling in the Granger shares was the heaviest
OF any group on the list, and sugar Rehning,
American Tobacco Chicago Gas and Reading
were the only other shares to show any marked
activity although in rev other iSsues .iahsa a
lions were comparatively neaVy. Inc otock EA-
change Governing Committee to-day lsted over
So 700 900 OF the Central Trust company re-
ceipts representing deposits OF Fidelity trust
receipts or the chicago Gas So"Po"e, - ~"
REORGANIZATION Committee announced that IL
controlled majority OF the 2o0oOooo issue. Inc
plan for consolidating these companies mas not
vet been Endorsed by the Attorney-Geherai OF
Illinois. but there is every reason Tor oeneving
that he will approve IT, The anthracite shaTes
were moderately active. OF the day acuVe
stocks advances were scored by Cleveland. Lo-
rain and Wheeling preferred Consolidated Gas
and United States Rubber The present earn
ings Of Cleveland. Lorain and Wheeling are est
mated by the officers OF the company to be enough
to assure Az annually upon the stock. The com
pany had a surplus on hand at the end OF the
year ending June 30 OF over 100000.
Closing prices of the principal active stocks,