New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-17
CLOSING PRICES or CHICAGO STOCKS
Wednesday. December 16-p. m.

The recent advance in sterling exchange mas
suggested the possibility Of gold exports inns
month and although there were no ihoica'io"S
in to-day's foreign exchange market OF ""'"e-
date shipments Of metal. the bear element vi
the Stock Exchange succeeded IN pu''ihs "u'
rumors that gold would 60 abroad THIS week. "o'u
exports in December are not unusual ana III
January shipments OF the precious me'ai are
generally made normal international business
conditions. In 1899 and 1893 exports were maze
with demand sterling at 4s'l. to is''a' rates
only fractionally above current quo'atiohs
With discount rates IN London eXceptoha"y
nigh and glut OF money at this centre 'he'e
"a reason for the advancing exchange market
especially at this time. when the demand
Gov remittance in connection with January
interest disbursement has begun Al the
same time. however 1t is doubtful whether
co,d will go out because IT is more than
likely that as soon as the rates reach the ex-
or.,no no,nt holders OF sterling bought on
sn.cu,at,on will take their profits. thus de-
nress,nr rates below the shipping point
vary large amount OF sterling bills has been ac-
curpu,ated by New-York bankers In the last
month and the condition OF international trace
remains In favor Of this country. the statement
q, merchandise exports and imports Tor NO
yember published to-day showing an excess VI
exports over imports In value OF eo''oo''oo'
and for the eleven months TO date an excess "a
exports over imports OF S2ooooo''oo' III Nv
vember. 1899, exports exceeded imports Out io'
the wear TO December the excess OF i'hpo'''
over exports was S7.137.2Sl. If buying move
wen. n, securities in this market by foreign IN
,.rests should begin after the holidays go'o e"-
norts would not figure TO any extent as i'h-
nortant factors in the situation. There were IT,
norts to-day that gold shipments wouiu De
made TO Germany before the close or the "eeN
but none OF the foreign exchange houses cou'u
verify them Germany has been drawing ."
Jondon for gold and as IT needs the i"e'a' /"
would most likely come into TINS market II la'eS
advanced much higher. The demand ioi iei0h'
-. in the exchange market il not large at
nr.s.nt but discount rates In Berlin are heh
a ,urther advance would have material
49,, upon the exchange situation. A loss OF
,.a,a =, this time however. would not be an un-
eo,,. factor: in fact. bankers believe that
-, ~ the plethora Of money here. snip
- J., cold abroad would be OF benefit 10 the
'.,, 4 movement Of gold abroad at this
-,~a ,rou,a reflect nothing save healthful CON
dtiors. A., ,, r go,
In the early trading to-das s'ochs were u''-
a. AZ IN n bear attack, especially vigorous
against Burlington. when !ie'asu , i t;,,,
N
s,,on had run rs course and sharp raily car,
10 nrices we'll above the opening. giving MAJ
lie re, gpa,ns in most stocks. burlington recovered
cod mart OF It's loss closing z per cent Under
as.ardav's Anal hgure. while the CT ~ other net
;ossaa In the active stocks were IN Ne" DIN
%"ntral which declined rs per cent ard Sns-
',ananna and Western preferred a pei CEN
WWashington news was more encouragins' anu .he
rofesslonal element did some iapio covering
Psar n was found that Cuban war scares aho
soiut,ons were causing no uneasihess ai'ohs
ts,n,enf holders and large Stock Exchange
,n,erests. denial OF the report tna' MANIA anna
nv. hondholders were contemplating taxing
tan .,or N restrain the company from paying IN
actioa d,viIepds caused an advance OF per
earn Manhattan stock from the lowest price
GEM dav and covering OF shorts throughout the
OF ~ sneculative favorites resulted IN net cams.
cn, narsily above per cent Reading was s,roh h
se" w. helief that the proceeoines asaI.s' .me
on inc charter by Pennsylvania STATE ON
coupe ,,n,id NOT result in anything uniavoraole 70
ciais nunany. and there was again some soou
the CO.. IN the stock. Total TRANSACTIONS were
bu S III shares OF which a good part Vas iui
2oao5i ~, Sugar Refining. Burlington. 81. raul
nisne n,tsn and Reading. There was some cor"
Mamma sa buyng but II supplied only
mi:,lon PROPORTION of the general business IT'S
close w:s praccs Tor the principal active 'seekA