New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-15
ON THE STOCK EXCHANGE.

Tuesday January H-p m.
The financial situation as viewed by Wall
Street has a far brighter appearance than 1t
had a week ago. All classes Of Stock Exchange
operators and the whole financial community
are disposed TO take an extremely cheerful
view Of the situation. Induced, no doubt. by the
rapid accumulation Of evidence pointing toward
a successful subscription from the public to
the recent Government bond proposal. and also
toward the constantly Frightening aspect Of
the Venezuela question. The notifications Of
the bond circular which will undoubtedly be
announced will make the placing Of 100000 900
bonds possible without any serious dsturba nee
TO the money market and IL Is thought by
bankers that II the time for the balance due on
the bonds after the first payment be extended
over four or five months. there will be no oc-
casion for any strngency in the money market
If National banks throughout the country are
allowed to act as agents for the Government
there is no doubt that the gold will be forth
coming to take up all the bonds. The with
drawals Of gold for export tomorrow checked
the early strength in the stock market. but the
export movement, which Is small. did not af-
feet sentiment outside Of the Stock Exchange
The business in gold at present Is fairly large
bullion dealers paying per cent premium for
the metal and selling 1t at q per cent. the
to subscribe to the new Government loan me
demand for greenbacks Is again heavy.
premium Of seven-eighths OF ] per cent now
being quoted for them. The local money mar
kets continue TO exhibit an easier tendency. and
the many uncertainties In the situation week
ago are now reduced to something near mini
mum.
The announcement Of gold exports tomorrow
coupled with exaggerated reports as to the size
OF the shipments. ended the buying movement
which was started at the opening Of the security
markets The opening was strong at advances
ranging from 4 to per cent, and higher Lon
don quotations were followed by considerable
foreign buying In ST. Paul and Louisville and
Nashville Outside OF declines forced by the
bears on reports of big gold shipments. there was
no reason for lower prices except. perhaps In
Chicago Gas and United States Leather pre-
ferred the first named declining on the renewed
attacks upon the property by the Chicago Board
Of Aldermen. Leather was weak. because the d.
rectors met and took action upon dividends;
hut this should not have been unexpected. now
ever and no disappointment should be felt II this
company cannot pay It's DIVIDENDS Inc reuuc-
tion In the last five days OF the short Interest In
the market was reflected In the course OF prices
to-day especially the transactions were III
great part confined to the professional element
ANY investment buying was done al the opening
and prices were generally then the best or the
day All the industrials were unsteady, among
the active shares which closed al net gains "eie
Jersey Central Rock Island, Denver ana Rlo
Grande preferred Distilling and Cattle Feeding
and Southern Railway There were no sighli-
cant Losses, the majority OF net declines DeihB
confined to small fractions
Closing prices Of the chief active sfockA COM