New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-11
CLOSING PRICES OF CHICAGO STOCKS.
Chicago March 10. 1895
Yesie To iaN
ON THE STOCK EXCHANGE.

Tuesday March 10-p. m.
An exaggerated and unwarranted Importance
ia attached to the deliberations or congress
upon the Cuban question by the pears anu
onerators who desire TO brighten security hold
ora into Uouidation The excessive zeal dis
n,aved nv operators for decline. In magnifyng
the possble effect OF the adoption Of the Cuban
resolutions is becoming tiresome. and the coun-
try at large is heartily sick Of the pessimistic
operators who in every action or Congress
reason for losing faith In American securities
The elaborate speeches which are made IN Con-
gress on the Cuban resolutions have nothing 10
do with the price Of securities. They are not
made to influence stocks but for the want OF
something else they are seized upon by the
bear element to depress the market. The bear
efforts at depression are not exactly successful,
but they create dulness end duness sometimes
creates fear.
Because Senator Lodge censured and criti-
cised the Spanish Minister in this country. in
vestors should not look with fear upon Ameri-
can railway securities II Congress wants
Minister De LONE to go home. investment
companies will not pass their dividends nor will
there be an end Of the great improvement in
traffic earnings throughout the country. If
the Cubans are recognized. industrial activity
lead to a war with Spain. and even If ii did. 1t
would only serve to create more trade activity
In this country. and the values of securities
would appreciate in no mean degree. Some
people and some writers II Congress
approprates few dollars for a new gun or
two and when sea coast defence and now
batte-ships are talked Of. they 60 into chils and
predict International troubles Of momentous
import. With graveyard faces the hungry bears
or speculation go among the fearful and the
innocent, pointing out the dark diplomatic at
mosphere and the frightful consequences Of the
merry Ia In Congress upon American credit.
american Industries and American securities.
Too much Importance is given to this talk OF a
gloomy diplomatic atmosphere and II should
be succeeded by more common sense and more
Iaitn IN the power OF securities to remain on
interest and dividend paying basis Even If
ths country does favor the Cuban Insurgents
and Senators choose TO say UNPLEASANT things
OF foreign countries and foreign Ministers. hold
ers or securities need not hesitate about holding
what they have and buying more II is time
for the calamity -howlers to stop croaking
Stocks to-day moved without animation or
distinctive feature The bond market too pre-
sented Iifeless course Of trading and. outside
Of the Northern Pacific Issues there was H.
tie business doing. Trading In the Industrials
constituted the greater part of the days trans
actions. There was a total lack Of outside and
ments or influences OF sufficient weight to
change materially the course Of prices either
way Manipulation. which has been the feat
ure Of the market for the last few days. enabled
room traders to squeeze out small profits. but
the absence Of any Important factors OF news
prevented wide variations In values. While the
market remains In the hands OF room traders.
1t still maintains a more or less stationary
strength. and. no matter how violent the efforts
OF manipulators may be- there appears no rea-
son for believing that any important declines