New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-18
BETTER FEELING N WALL STREET.
PRICES OF STOCKS AND GOVERNMENT
BONDs-HEAvY GOLD WITHDRAWALS.

PRICES OF STOCKS AND GOVERNMENT
BONDs-HEAvY GOLD WITHDRAWALS.
A better state Of affairs prevailed in Wall Street
yesterday The panicky aspect Of the stock market
disappeared and speculation proceeded in very
nearly the regular fashion. The idea seemed 10 be
inat the bears had created about as much havoc
a. they capable Of and would be wary
about getting short Of the market for the present
lest they should he caught and compelled 10 cover
a. a heavy loss. There were few operators who did
not believe that all possible unfavorable contin-
gencies had been pretty thoroughly discounted and
nat there was more room for improvement than
destruction.
The key TO the situation was found IN the course
of Government bonds. The Is of 1925 which
are more active than the other issues. opened at
49, against the final price of 1928 the day before
They receied 10 49, and then advanced to 1l4i+
finally closing at 1Ss.. Railroad bonds generally
closed at or near the concluding prices on Thurs
day. Dealings in stocks were greatly reduced.
which implied that the enforced Liquidation had
been completed. The results Of the transactions
in the leading stocks, shown by comparing the
las. prices with those Of Thursday.
Adyances-A tchison. =; Atchison preferred, =.
BROOKLYN rniSn Gas ~. Chesapeake and OHIO =
,ias J. Louisville and Nashville u: Metropolitan
T qe MS2san en GTsfra MfsSggi Pa
Leather. =, Rubber. "a. Wheeling and Lake
Deolihes-sqsar., 4; Tobacco, =; Burngton and
quincy 2. Canada Southern, = Chicago Gas, =;
/.
Ia. Z Whisky. d: Lake Shore, J. New-Jersey
central :: Northwest preferred. g. Rock Island, q;
s, Paul. /. Southern Railway. i: Wabash. IS;
Western Union IA.
good deal Of satisfaction was felt In the Street
over the refusal OF William c. Whitney. ex-Secre
tary OF the Navy. to accept the Chicago platform
end ticket Mr.. Whitney is representative OF
large investment interests and he does not propose
20 aid the wholesale destruction Of values. mat
Ter II other Democrats surrender their principles
and cooperate with the would-be repudatonists.
J. was agreed that Mr.. Whitney's example would
exert a powerful influence on the sound money
Democrats and keep them from wavering In their
opposition 10 Bryan and the platform OF devasta-
ton on which he stands
surprising thing was the equanimity with
which large Withdrawals OF gold from the Sub
Treasury and Assay Office for export to-day were
viewed Iazard Freres took $500 900 in coin from
the Sub-Treasury and 10000 In bars from the AS
800 90 and l. Won HOFFMAN, & Co. 10000 bars
from the Assay Office. II was necessary TO pay
premium Of one-tenth OF per cent on the bars,
which was equal 10 500 each $4,000, but this
was fully as cheap for the shippers as TO take coin
a. It's face value FOR the coin shows loss By abra-
sion The value Of gold in international transac-
tons is reckoned by weight and hneness. whether
In coin OF bars. 81,
william E Curtis. Assistant Secretary Of the
Treasury came up from Seabright and paid
another visit 10 the Sub-Treasury. II was said
that he came from Washington 10 discuss politics
probability that II the gold reserve IL Drawn down
10 any startling extent the banks Which possess
gold will turn over the Government part OF
their holdings in exchange for legal tenders