New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-11
CLOSING PRICES OF CHICAGO STOCKS.

STOCKS.

Stock trading was again held In check by the
considerations which have controlled sentiment
for the last few days This should not be in
terpreted 10 mean that sentiment has been ad-
yersely affected by the Chicago Convention. Tor
all that has been done at Chicago was discounted
in the stock market week ago, ana the sehu-
ment Of the Street has not been gloomy OF ue
pressed for bankers and brokers belleVe tha'
their interests and the interests OF the countr!
at large will be protected at the election IN NO
vember The considerations which have re-
stricted stock trading in the last few days may
be summed up as the interest taken by brokers
In the proceedings at Chicago. STOCKS are
neglected while brokers watch the bulletins, for
an intense interest is manifested in the progress
of a revolutionary political convention, despite
the fact that no fear IL felt that its nominees
will be elected in the fall To-day's market was
strong at the opening and in the morning trad
ing WAS slightly higher. In the afternoon irregu-
Iaritv prevailed but closing prices showed net
advances in most shares. The bulk OF the traG-
ing was done in Sugar Refining. Chicago Gas
St Paul Burlington and Louisville ana Nash
Vile London did nothing of any importance IN
the market the London prices for American Sc
curties showing higher range, however, IN
connection with the amount or STOCK recen'ls
taken for foreign account, and the chafdc.eI VI
the buving considerable interest IS niahliesteu
in the coming settlement on the LONDON EN-
change which VIII give some ,apa It tgin s On
Monday The leading railway shares were lrac-
tionaly higher. Sugar Refining was up e: pe pr
cent Chicago Gas per cent ana I. n,.eo o ,taro1
Leather was down ~ per cent EXceptioiiaii,
ueakness was developed In American Cotton Oi'
nreferred which lost J11 per cent on COMPARE
lively small transactions Inc detilhe , w. ~
IN selling BY small holders. and the apsence 90 ~
anv eunporting orders. Total sales We're 3''ViI
shares against 124J4S yesterday sniaI'
amount of gold was taken Tor eAporo ~ ,,ao
800, tho 500 1900, and some small amounts
~ gold were also taken for local account que "
orders from people who are hoardlhg soio Oh 4
small scale , Att, oo,,r,, tbis morn
Inc 70 the potato standard In discussing the SIT
Yer question. and the unntentiona' 1iss.um
made OF the author OF the name OF tl'7 , w., -,
Ioo Poherts Pennsylvania banker. who mas
written an interesting little DOCK which thoi
oughy refutes the groundless areu,iei,s - an
80 silyer orators The name potato has peen
a,ora.ted because the free-silver school mas uls-
covered that the payment OF debts can DE i,l"p t
nv a variable standard, and tnat depts can ue
no IA for by produce, which nuctua'es III ,S go.
and which is practically equivalent 70 tne sys.e,h
of debt payment by oo-cent doilar. me i ~,
headed farmer and workingnlan Often II -, da IN
~ time and reading have their IDEAS com uSeu ~
the word Juggling Of such philosophers as III
man and Altgeld and also by professionai e' ~
goods men: but when they understand ,nal .ii-!
are asked to take part In dishonest ueal ti.S ~,
n,d,ate their teachers and put themselves OH tIie
,da ~ honesty and sincerity. 1t cannot De posi-
his that the great mass OF Western and Southefn
farmers and workingmen will agree 10 pay ,ne eu
dahts Tor 10 cents on the dollar or that they VIII
aocant the teachings Of Communists ana ReNo-
iutionists A mob which appeals to the lowest
instincts Of men cannot run its course M IS
Iii" through a country predomnated by the
hnnast YANKEE spirit Investors in securities
need not be fearful of the outcome; and. fortu
nately the small investor and the large lnHeseoI
are viewing the situation In this iignt ',r
'he security markets will be dull and lifeiess our
ine the period Of the campaign. and there may pe
little doing save the trading OF the proiess'o,,a,
element Bear pressure may force declines a an,
aftar tho hears have oversod there may DE RAJ,
Hes but the general price level Of securities VIII
not In the opinion Of the best experts, De alr ,,
Gladly lowered from any lack OF cohlaehcs ia ''e
ultimate outcome of the political campaign
Closing prices to-day Of a number OF acu'e
.nLs comnare with Yesterdays as follows: