New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-30
CLOSING PRICES or CHICAGO STOCKS.
Monday. June 2O-p. N.


Thero & no legitimate basis f7r belief ,ha; ne
wealth and mower and Industrial element in this
country will allow the noisy free-silver aG.,ators
n control the electorate in the fall There has
hoeo 70 evidence in past elections that the enc
mica Of honest n oney C-ntr / enough votes t. turn
National election their way. Yet their noise Is So
great that tim.l people fearful, and in Wal.
Street advantage is being taken Of this timdi'y 70
hammer away at stocks. To-day's market wae
hammered and "ra;led.' and prices yielded 10 a
considerable extent. Mr. Wh!tneys interview IN
Yesterdays papers encouraged bear Efforts TIE
poli;.cal sit.ati)n throughout the country Is not
50 well understood as it should he and there are
too many pcople in the Street who are not aware
that the bark Of the siverte is worse than MS
bite State conventions may be packed by the adj
vocates Of free silver but the voice Of the honest
people will be heard when the final vote IS taken
and intelligent people should not believe that tne
preponderance Of the free-sver element In the
Democratic party IN various state conventions
represents the sentiment OF majority oi me p'V-
Pile The people honest and will vote for an
honest dollar. Wall Street Stock Exchange ope,
raors who are not In favor OF lower prices shOuId
calm themselves and hold their stocks. Despite
the fact that stocks have been falling, ana mat
the bear element has been making strenuous e.
forts to depress the market the intelligent iiieH
bers CT the financial community are not IN t"e
dumps regarding the political situation
Considerable lightly held stock was shakcI
out In the first hours OF trading to-day, ana
prices in the chief active shares ran down from
] TO per cent, and in some cases heavier losses
made. Dealings IN the speculative IaEor-
ties were heavy. especially In Sugar Rehhne'
American Tobacco. Chicago Cas- Burllngton. 81
Paul Rock Island and Louisville ana NashVlle;
Unexpected Withdrawals OF gold for export ana
net declines in the May statements 81 the ~.
Paul and Burlington companies helped TO de-
moralize prices. Last week London bought more
stocks In this market than il sold, and Satur-
days purchases for the foreign account were
well absorbed in London today, while there was
q good-sized foreign buying interest in to-days
market. London operators evidently understand
the political situation here regards SOUND
money sentiments better than the local opera
tors. and they are taking advantage Of the cur
rent decline. When London buys the market ~
supposed TO advance. but for the last ten days
foreign operations in this market have been
made without notice or effect. Upward OF 4OOtc
shares We're taken to-day for the foreign ac-
count There covering OF shorts In
the afternoon. and a small rally was effected,
last prices for the majority Of shares closing
slightly above the worst prices Of the day. hut
well under Saturdays final prices. not losses rang
ing RON 10 PEI cent IN the chlef active stocks
Mr. McKinley's speech at Canton helped senti-
ment and responsible FOR the only rally
just noted. In regard to Mr. McKlnley's views
on the money question. all the dcvotces of Wall
Street who waited and suffered on his account
before he was nominated are commended to read
his utterances Of to-day, which wiz be found
printed in another part of The Tribune
Total transactions In stocks were 3SG,2:}
shares, OF which sugar Renning furnished $3.50,
ST. Paul 54,96S. Burlington 30,91O Rock Island
IL .36G Chicago Gas 1922, American Tobacco
Is 100 and Louisville and Nashville 10 705 The
chief losses were sustained by American Cotton
Oil, which lost 3A per cent; Sugar Refining 3@
per cent; Burlington. "a per cent; Chicago Gao.
per cent; Cleveland, Cincinnati. Chicago and ST
Paul, 2ia per cent: Delaware and Hudson. ~
per cent; General Electric, per cent; Great
Northern preferred, 3al per cent; Lake Shore, az
per cent: Nationa, Lead preferred. 3i4 per cent;
Jersey Central. Az per cent; ST. Paul, per cent:
United States Rubber. Pa per cent: Northwest
Us per cent: Louisville and Nashville per
GENT Pacific Mail, II per cent; Omaha preferred
z per cent. and Tennessee Coal. Ia per cent
Gold to the amount Of S1.O5O.O00 was taken for
export and $4,000 for Canada.
Closing prices to-day of a number Of active
stocks compare with Saturdays as follows