New-York tribune., 1896-05-09
PRICES OF CHICAGO STOCKS
Friday. May S-p. IN.

Friday. May S-p. m
Despite the various gloomy views taken ana
expressed by operators for decline, stocks
closed higher to-day. In the early trading there
we're declines brought about in a narrow market
by foreign selling. a drive against the Ihuus-
trials and gold exports, but covering OF snorts III
the afternoon gave sufficient strength TO the md
jorfty Of shares to cause net gains FOR the day
There was an increase in activity. due, however,
to heavier dealing in Sugar Refining and Amen-
can Tobacco. the rest Of the market showing
little signs Of liquidation The indictment OF the
directors Of the American Tobacco Company
caused a break OF per cent In Tobacco stocK'
but its net loss for the day was under l1s per
cent The rest Of the industrial list was more
or less affected by the decline in Tobacco. but
late recoveries gave gains at the close Eaiiy
declines In the railway shares were offset by ad-
vances in the afternoon. and closing prices were
firm at about the best Of the day. The market
has been stagnant all the week. and operators
who employ their time in making living out
of small deals on small fractional changes have
had 1t all to themselves apparently enjoying
their own little agitation over gold exports lack
of foreign support In the market and the po-
ltical campaign, all OF which factors they have
considered gloomy and unfavoratle. The hnan-
cial community whole Is not concerning
itself with the stock market. except to take
tight grip upon Its holdings and to express con-
tinued confidence in the future.
Efforts to create a sentiment umavoraDie 10
Major Mckinley in Wall Street are not meet
ing success, and the few opposed to him might
find a better field for their talents than seeking
to undermine confidence at home and abroad by
questioning the money views OF Major MCKINLEY
Major Mckinley believes that the safety OF the
Nation depends upon the maintenance OF
sound-money basis, and II he Is nominated Tor
the Presidency as 1t now seems certain. he VIII
be elected upon a sound-money platform. as
well as upon q platform for protection. There
should be an end Of doubts and suspicious In
the financial community regarding Major NC
Kinley and for the benefit Of the small circle
OF people who are filled with these doubts and
susptcions a dispatch received from Cincinnati
by a local news bureau to-day Is herewith print
cd. II can state on authority that the money
mart OF the Indiana platform was sanctioned by
Mckinley before presented to the convention
The money part Of the platform Is this: I'VE are
Arm and emphatic In our demand for honest
money. We believe that our money should not
he inferior to the money Of the most enlightened
nations OF the earth. We are unalterably op-
posed TO every scheme that threatens to depase
or depreciate our currency. We favor the use
OF silver as currency, but to the extent only and
under such regulations that Its parity with gold
can be maintained, and In consequence are op-
posed 10 the free, unlimited and independent
Coinage of silver at ratio Of 16 to J."
Gold exports tomorrow will amount 10
81. 800. 900
Closing prices to-day OF a number or acfive
stocks compare with Yesterdays as follows: