New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-07
CLOSING PRICES OF CHICAGO STOCKS.
Wednesday, May 6-p. m.

WEDNESDAY,, May o-p Ill
The report from Washington this afternoon
indicating efforts for an early adjournment OF
Congress gave some strength to late trading in
stocks. but early weakness and declines were
not offset to an extent sufficient to make final
changes gains. The House passed resolution
70 adjourn on May IS. but 1t is doubtful II the
Senate will concur. as there are just enough
men in that body to cause a longer session by
their dilatory and offensive tactics. The resolu-
ton in the House practically ends the chances
of the passage at this session OF the Pacific
Railroads funding bill. such a measure would
bring forth prolonged debate In both houses ana
for this the only regret at adjournment can be
made The bill could be passed and the Govern
ment make an equitable settlement with us
debtors II 1t were not for the pernicious activity
~ its opponents, which is reflected In the oo)ec-
ticns and proposed amendments to the Dill. ana
these give 1t little chance at this session If an
early adjournment Is to be agreed Upon AS far
as the business community Is concerned an ad-
tcurnment will be welcomed. for with the pres
ent Senate 1t IL impossible for any legislation
favorable to the business interests OF the couh-
try to be passed. AS one banker said to-day an
carly adjournment u Congress with a good
sound-money and protection PLATFORM at 81.
Louis should mean good bull market In all in
dustries.
To-day's stock market was weak and saggng
.he greater part Of the day, but there was
slieh, increase in activity. total sales amount
ing TO 6s7 shares. against 103 56S shares yester
dav There was no especial selling pressure, and
lower prices resulted chiefly from dena
transactions, the principal business oelng Done
In American Tobacco. Sugar Refining ana 81
paul. The Industrials were all lower, except
Edison Electric Illuminating C1mpah,yI ,. whic st
Tractional declines were recorded throughout
st. Paul was sold by room traders ana arD'.t l
houses and in all the international STOCKS mere
nos considerable selling by arbitrage houses
hut onIv slight recessions In values were inaoe
raw State Gas was again weak on reaIlzns
sales. and Laclede Gas and General Eiec.r,c
nro both down more than per cent on room
.rad.rs; operations. In London, American ran
wav shares were fat. gold exports from mere ar az
factt,ne the market The engagement on soIu 10,
nart tomorrow amounted to $2,20O,Ooo. destined
en- pnss,an account Traders here again ahect,
"a Eco over the gold-export movement, ana soio
ea ieaa Lei accordingly but II is well to observe
that stocks did not RESPOND IN way ~ ''e
ehaer into the camp OF bear operators.
r,i ,,,ceir last wear there was heaVy locai
- roro,gn huying movement In the STOCK mar
Lnt which carried prices up 10 consioel" ~
higher level, and IL Is stocks Compared with
thts dav last year. The following taDie sxe'
twentv-e,eht railway and mscelianeous So -, q
with their nal prices tVSa that Of the twenty
s,eht Stocks fourteen are higher to-day thah
year ago: % d,v from Wash
inston were 1929 soa internal revenue revenue sse III
ssSi 034 and the miscellaneous recep's oso 9os
TotaI Government receipts for the day s;,,res
expendtures $2o3s, 900; excess OF pse .o, sY
Sg77.7J. Receipts for the month. S4e9'o,aeI, 90
penditures excess OF exptndns ats sasS
2s55I9. Receipts for the fiscal year 10 GATE. ||,
5492lS: expenditures 1906, 29s s24 excess OF er
penditures over receipts. $25. 7Os Inere "sr n
$5e5. $50 National bank notes received ior 10
demption. -, .,,. NJ The
Clearing House Of sal2.ss3 Its net loss on Da,,
ance was 42036e, made up by gain IN cu r ~
Of S20s4140 and loss In coin OF 2.lOA.ooo; 80.
davis operations include: Receipts, Hsvoos;'
payments, $2s2S010 resulting In genera pal,
snce OF s21iil3i27, consisting Of 234bSSsl coin
and $s7. 6ss.2S6 currency.
MONEY AND EXCHANGE
Money on call was 2@2h per cent. Time money nag,
ruled at 2k per cent for thirty days, per cen
for three months, 81 pcr cent for four month,
and 1 per cent for SIX months. Commercl,a.
paper was 4A@b per cent for the best names to LOT
three and four months fnd 4hQ3 per cent i OF
5@s per cent. There was scarcity OF nrst-c'ass
payer e sar sas exchsnss msiet coftnued dun
with 4 lev gold bills ofeerinc Posted rates