New-York tribune., 1896-11-24
CLOSING PRICES OF BOSTON STOCKS.
Monday. November y3-p. m.


narrow. dull and spiritless stock market
ruled to-day with the bears again In complete
and undisputed control Of operations Some
neon,e whose common sense should lead them 10
more reasonable conclusions continue TO dweh
unon conditions which no longer exist. and the
onarators for lower prices encourage this sort
~ a.titude with all persuasveness and peril
nacitv Current railwa-- earnings do not reflect
nresent conditions. and strength in the foreign
exchange market does not indicate an unfavor-
able situation The money rates In London rul-
ing above those here make the London market
attractive for loans from this centre ana the de'
mand for exchange to cover speculative pur-
chases made before the election and the demand
in anticipation OF higher rates in the winter are
sufficient reasons for current strength IN the ior
eign exchange market. AS to railroad earnings
the reasons for poor returns are 100 well KNOWN
to make a repetition necessary, and " 'he Dear
element Is banking upon possible uniavoraple
DEVELOPMENTS following the meeting OF CONGRESS-
az further reason for getting on the shoi' si"e
81 the market. their judgment appears 10 pe
aurv with the expressed opinion of the leading
members Of Congress. Weak holders OF STOCKS
n,obablv continue to liquidate. and the profess
sional operators for a decline may before long
change their tactics: they may be able to cover
., q nront hut whatever they do. whether they
work nrces lower or not. their operations VIII De
attended by no alarm OF uneasiness.
After a firm opening to-day ana some ac'N''s'
due 10 the demand from shorts. prices ieii ."
under bear pressure and ruled Irregular the
roc, ~ the day with net changes In the active
lie, ahout evenly distributed between smaii
gains and losses. The poor showing hlade py
the Chicago and Northwestern for Octoper anu
q, advance I'm sterling exchange helped the pear
iaro.n, I'm forcing out small holders. ana the
Grst-named factor was used as a fasls 10, w
nressnp all the Granger shares, "hlch' no"
ever with the exception or 81 faul Cios'u 70. az
tionally higher on late ran! cd"seu y. ~
sfYorts of the bears to recover STOCKS III IN"
fndustrial group quotations were governed py
The movement Of Sugar Refining stock which
showed a disposition 10 rally from Saturua9
loo, price and closing al nearly polp' du
,once Last week heavy speculation IN amer
can Snirits was not resumed. ana IL wax " .
nr,sd that the much talked about meeting OF
dj.,ilIinr interests in the West. which iast week
was scheduled by stock operators ~ DE heiu
this week. was something "h'ch eAIs,I" , @ ~ 90 a,,
only United States Leather preferred was an
evcention TO the general course OF thc ihuu'-
trials losing ground on the belief that n shhie'
dividend than recently expected Woulu ne w
c,are this week The local money Harkr' con-
tinued easv Sterling exchange was hsncI a..
Hc advance from last weeks Closing. or aDou'
Sc higher than Immediately after the election:
The banks continued 10 rehect 'he i'ieaa ,.. " "
ante-eIection boarded funds and one institution
deposited 81 .O0O.UU goid III 'he ''e'''"s ''""'e
Associations vaults ~. .,.
Closing prices for number "I actNe s'osks'
compared with the final figures OF SATURDAY
were as follows