New-York tribune., 1896-12-02
CLOSING PRICES OF CHICAGO STOCKS.
. Ex-dividend.
Tuesday. December 1-p. IN.


An advance In stock prices to-day seemed m
indicate more than anything else an ovcrsold
condition of the market due to the recent opera
tions for short" account. The liquidation of
etooks In the bear campaign OF the last TWO weeks
has been exceedingly small, and the "shor," in
terest has doubtless increased at too rapid a
mace becoming unwieldy and making necessary
q change in operations as reflected in the course
of values to-day The movement 10 recover
stocks was Influenced by light buying for foreign
account at the opening. and the upward move
mont Of prices attracted commission-house buy
inc although the extent OF such transactions
was small the greater part OF the days business
being done by the professional element Inere
were no news Developments responsible for the
advance although dispatches from Washington
stating what might be the tenor OF President
CIeyeland's forthcoming message appeared TO al
feet sentiment favorably. Net gains In many
s.ocks ran from | to 27s per cent, among the ac-
tive list Sugar Refining gaining rs per cent:
Atcbison preferred. 1Hs per cent: Jersey Central2
nor cent. Chicago Gas "a per cent: Rock Island
~ per cent, St Paul. 1h per cent: Omaha. 2's
ner cent: Consolidated Gas. 1l2 per cent General
r,,actr,c 1sL per cent: Louisville and Nashville.
11A per cent: Reading. ~ per cent; Southern
pathway preferred, ~ per cent ana tnlteu
States Leather preferred, IA per cent. heao'Ns
u.as Influenced by the termination OF the receN-
urshin and the transfer of the property TO the
navv company. and Louisville and Nashville and
.,oh,son were bought on the improving pros
,.c,s of the companies. Atchson's earnings, pub
Iisbed Yesterday. showed remarkaoIe percent .'e
Go ~ rain over operations at this time last year.
an "a 1.-THE four months to October 81 the com
nu,,.s nnu not earnings amounted TO S3.lIo,oOJ.
against 81 $50 SO6 in the six months 10 June ~
or nearly az good showing In TOUR months ds
In eiy Louisville and Nashville Tor CctoDtr
made a loss of only x11, ,JJl in gross ana H-o.''
in net operating expenses having i"oieaseu
$12.228 n,,.o {, r,o-
msr,s cron abatement for December coupled
with the known shortage and scarcity OF grain
In other countries afford a most favorable OUT
look for the American farmer ana tne reign oi
dollar wheat. Winter whes., CONDITION Is ~"
the six principal wheat grow ing countries east Oh
the Rocky Mountains the condition Is 'o1 Psi
cen, against "a. last December. The faNorabie
Condition of soil and climate has led TO marked
trcrea SO in seeding; also the current advance IN
the price OF the product has Influenced farmers
% increase their wheat acreage. THESE FACTORS,
With the assumption that conditions during the
,ynter months will be favorable. leave me con-
,,,sion that the wheat yield In 1877 VIII run far
.hnad Of that i'm 1896. Thomans report places
The area seeded TO winter wheat at -'.3s"oiJ
acres against 23. $50 acres harvested TINS
xear wheat now in producers hands amounts
~ less than I'm several years, as result OF the
heavy export demand this fall. Merchandise eN-
e.,. from this port for the week ended to-day
.ra son,ewhat smaller than week ago, put
e. ae a43 in value larger than this week last
year and $2.027,7 7,73s more than In the same week
in 1894 ,.r =, .ct,v. stocks