New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-08
LOSING PRICES OF CHICAGO STOCKS
Saturday. November 7-p. m.


large volume OF business was transacted n
the stock and bond markets to-day. and prices
made further progress toward a higher range Of
values. Despite frequent realizing sales there
were no material reactions at any time the alb
sorbing power In the market being pronounced
and indicating the presence Of large outside
interest Other indications Of outside buying
were reflected In the excellent distribution OF
business and the active demand In the bond
market for all irst-class issues. In this depart
ment of Stock Exchange business pronounced
activity was exhibited by the Atchson. Reading
and Northern Pacific issues. Erie general lien
and prior bonds Colorado Midland hrsts and
Texas and Pacific seconds. In the last-named
issues total sales represented in par value SILL
600, while sales in Atchison. Reading and North.
ern Pacific issues amounted In par value to
S117S0OO Investment houses report an In.
creased demand for all kinds Of nrst-class Sc.
curties. and the fact that so many railway
bonds and stocks selling below their In.
trinsic value is attracting the attention Of many
people who for the last three years have done
comparatively nothing in the security market
This weeks business In Wall Street, following
the election result. has shown that the read1ust'
ment Of values has begun In earnest. based upon
the multiplying signs Of the revival OF Industrial
enterprise. and Wall Street houses look for long
period Of uninterrupted prosperity in all lines
Of investment business To-day's transactions
were the largest half holiday dealings since the
Venezuelan panic last December, representing
332, 179 shares. OF which Sugar Refining. Burling'
ton. St. Paul. General Electric. Chicago Gas.
Reading. Union Pacific. Atchison. Rock Island
and Western Union furnished nearly 2OO,OOo
Final changes showed net gains OF 1Q2h per
cent in the chief issues. The total business for
the week In stocks was 2.OO0.OOl shares. against
1,26l $40 last week, and In bonds to the par
value Of S14.!05,0OO. against S',OO6'oVo IN the
preceding week
showed unexpected changes In bank holdings
and was totally at variance with the expecta'
lions Of the Street 1t showed that the loss to the
banks on Monday and saturday was rar ne s,s
did not realize the great pressure OF depositors
who at the last moment withdrew their holdineS
for fear of an unfavorable election result. oncs
Wednesday the return flow has been n progress
and next weeks statement should exhibit the
effect Of this movement which this week nss
not been sufficient to OF ct early withdrawan.
Last Monday operations were much against tns
banks. the result Of which was shown IN &C.
crease in deposits for the week OF SooI8FN
Cash holdings decreased 81 Col 800 made up oy
loss in legal tenders Of $5,579. 400. and an n:
crease in specie Of $924.5OO Loans decreased
S4.O7O. 700. due In great part to the calling o.
loans at the end last week, and circulation ~.
creased $2O.OuO Ihe result OF AL tue nSo 81
% S14 Si0 400 against $40 26O,OJO n the same
week q year ago. and SCI. 600 $50 in the core.
spending time In 1894. The unfavorablc feetur}s .
OF the statement this week are without sisnm.
cancc as showing present conditions, for ~
hanks are rapidly gaining money and currees
losses are mere reflections Of what nss ~
passed into history. BY Sub.Treasuy C
tons the banks gained s.; ana oy 'n.'
operations about $1.7O000O ..,t.
The following are the comparative sts'e
Of October 81 and November Z:
s-l,'fs. ocss SSy: In p.e Wc.eAe