New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-15
CLOSING PRICES OF BOSTON STOCKS.
Tuesday, July 14p. m.

Now that the uncertainty regarding the atti-
tude of The controlling element In the Demo-
cratic party upon the currency and other Ma
tional subjects is at all end. stock traders are
turning their attention TO the state OF the god
and the exchange market, factors
which were lost sight Of in last weeks political
turmoil 1t has been discovered that the gold
reserve has gone under the sentimental
limit; that gold continues TO go to Ger
many, and that exchange rates are frmer
than a week ago. AS the stock mar
ket as a rule, follows the course Of the
eAchange market, declines at this time are not
unexpected, nor are they unusual in period OF
duness such as the present There are no heavy
operations beirg conducted in the market
Heavy interests are out Of town. and leading
houses are not dissatisfied with the present APP
pearance Of market fluctuations. To-days fiuc-
tuations were toward a lower level new
short interest forming was indicated By the
course Of prices and many brokers thought the
market good sale Tinlid holders readily sell
their stocks when the gold reserve goes below
500 OOO0 600 and such selling is more pro-
nounced when exchange rates are stronger and
gold exports arc made The falling off in the
foreign demand for securities has had the usua
effect upon exchange rates, and sterling To-
day was quoted at an advance OF &c. ire
demand showing an increase anu tUt supply w
bills being small The demand for remittance
however, is not heavy and the chlef cal! ior
gold is from Germany 10 make good the loss
sustained by the Imperial Bank Of Germany IN
its operations with Russia. The condition OF the
exchange market is more favorable than IL mas
been at this period in several years MS
time last year strength and hlgheT prices chai-
acteriZed the market. the prices FOR some casseS
of bills advancing TO the highest points on rec
ord. with the exception Of the following month
rates demand bills reacting 4Voi2gt"l' "hlir
cd ftS Las
there had been no foreign buying OF secuIl-
ties since the spring, and the condition OF IN
ternetiona trade was not SO Satisfactory "S
at present In the last two weeks more IMAM
1O0OOO shares have been taken for the EurJ-
mean account, and although there mas been niue
doing BY foreigners In the last few DAYS. inc
chs nces are favorable for renewed foreign puy-
ing to-day the few foreign operations being
purchases and exchange houses eXpect that
in a few weeks the cotton movement VIII LUZ
n,sh enough exchange for all requirements .ne
iarrest cotton crop in the history Of the country
lii IL IS thought, be furnishing exchange
v,tbin three or four weeks. AT the utmost Tor
eien banking houses do not expect more 'hah
Few millions more Of gold exports ana Ger
81, NOT enough TO reduce the reserve 10
nnnt calling for another bond issue
lover prices to-day were made by the nalorl'y
-, s,ocLs and sentiment besides being affected
VI "a, 'sa,, nv the strength Of foreign exchange
,,'as djsnosed to take an unfavorable view or me
,ntrd'narty movement agitation such lnhu-
ences were favorabe ior sel,s Ioi ~ ~, ~
IN
anu opi,,njty Reports OF heavy gold exports ior
Sppt,vrdov were freely circulated. ana various
ntrer rumors put out by the bears encouraged
,r,d,,q Iiouidation. the final changes IN price
shn-,irc among the active shares losses or Egli1
,1ar cent and above in few issues There was
- activity than yesterday. total saieh amount
ie, IN D33 (u)3 shares. against l'o-V" !esterua!
. tho hulk OF the business was again IA me
anscnIativc favortes. and 10 some extent III 'he
apthroc,,e shares a break OF per cent IN Jtr-
ssy Central leading to an increase IN Operations
80 49, the coalers ST Paul. Burlington 1ehtr
a. g,isctric Rock Island. Louisville ana Nash-
,uIe sugar Refining American Tobacco ChI.cu
S,a,.e leather preferred. and Chicago Gas con
.thuted l32 60 shares Of the totai DuslesS,
There was little outside selling Only si"aI'
amount ~ commissioning STOCK coHills ~,
the market and no disposition among iarse ~. ~,
in'nortont interests 10 liquidate ne p,cnN 10
NC Industrial shares was the chiei ifatuIe Va
the davis business Sugar Refining ,psnE -. ~
en-, Chicago Gas III per cent, Cni'.u 7ta''a
7 aatber preferred ~ per cent ana ANU ~
Cotton oil preferred 3i1 per cent. IN me la.' ,
NM Ist the corn-carrying roads losl ) pc, '. ~
- above Weakness in Government ponus' w
- 1s losing per cent contributed 10 aus u
40 s,,ess among traders. At the close Ias' hsn.
,rtces showed slight rally from the loves, ~
!tnnrs was considerable feverishness rNhip''ru'
The break In the Industriais was purely 'he ~