New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-18
CLOSING PRICES OF CHICAGO STOCKS.
Friday. July 11-p. ID

Bear pressure was not pronounced To-day
and there was more support to the market.
which with covering Of shorts, gave a better tone
and made sentiment more cheerful among the
timid ones in the early dealings. Opening prices
were irregular at email declines from last night
and throughout the morning the market ruled ir-
regular. with changes small, generally advances
from first prices but at the close the majority Of
stocks showed small net losses, due 10 recession
in the late trading. Gold to the amount Of
50 900 600 taken for export, and an effort
was made TO weaken the market on its account.
but there response, and it looked as
though the attempts to create fear over the gold
export movement were about played out. The
demand in the foreign exchange market is not
urgent. and it is doubtful II any large amount Of
the yellow metal will be sent abroad next week.
There is a slight profit IN sending gold TO France.
but it is not likely that the rates will hold strong
enough TO make suchsexports an object for any
length of time. The decline in the price Of the
new Government bonds in the last few days to
111Z@112& has made them extremely attractive
to a large number Of operators also to investors,
bond houses reporting considerable buying from
this source on the decline. The result Of such
buying was reflected in the price OF the bonds to-
day the quotations for the coupons standing at
one time as high as ia against 111&G 112&s
Yesterday but they lost a part Of the gain at the
close last quotations being 1l2G l13 for the cou-
pons and 1124l12i2 for the registered Some OF
the buying Of Governments was for the foreign
account. In to-days stock market arbitrage
houses were again buyers, and prominent houses
reported no disposition on the foregn bourses TO
take pessimistic view OF the situation here on
of the slump in prices in all classes OF Sc
curities. serious decline in values. like that or
yesterday and Wednesday, is likely 10 be accom-
panied by considerable foreign liquidation; and
that there was none may be accounted for by the
insight the Europeans have Of bear manipulation
here and the confidence that the revolutionary
Of the Chicago Convention Will not
be received favorably by the voters OF this coun-
try in November 1t is interesting TO note that In
this weeks slump there has been no disturbance
in the money markets and that while prices have
declined from 10 per cent. the rate or call
loans remained unchanged at 2@212 per cent
with exceptions at 3 per cent. All branches or
the money market are dull and probably will re-
main so until general business picks up and the
crops begin 10 move. The time money market
was trife stronger to-day.
Transactions in stocks to-day showed raining
off in volume. the total business amounting TO
26l 944 shares. against 4JI ,OJ6 YESTERDAY Inc
Industrials. Changers, LouisViile ana NashNllIe
and the Gould shares again furnished the largest
part OF the business the total In these amount
ing 10 about three-quarters OF all sales The
Vanderbilt shares were lightly dealt in, and In
lined to weakness in the morning, but closed at
small fractional gains with the exception OF Lake
Shore which lost ! per cent, while the general
.ailwav list showed a stronger tendency through
out and the recession at the close caused ONLY
,lieht fractional declines. Rumors about new
ssue Of Government bonds were persistently CIR
ulated again, and the heavy dealings IN the ne"
Is were reported due to such rumors; IN certain
,uarters but good outside demand for them,
,ased upon the value Of the bonds as purchase
II their present level was the real cause or the
increased transactions and advance. The reac-
ion in the afternoon was general throughout the
LIST and was due to falling on In demand from
he shorts" Among the principal shares where
et declines were made there were none which
uttered more than fractions. with the exception
Z Jersey Centrai, Lake Shore ana western
Inion. Atchison. Chesapeake and ONO BROOK
yn Union Gas. Consolidated Gas. General Eiec,
rio, Iowa Central. Laclede Gas. LouisViile ana
nashville Missouri Pacific. New-York central !
usquehanna and Western preferred, Northwest,
m Pacific Mail Southern Railway preiefred |
nd Tennessee Coal were among the stochs
hitch showed net gains a. the close
Closing prices to-day Of number or acu'e
tocks compare with yesterdays as follows