New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-25
CLOSING PRICES OF CHICAGO STOCKS.
ON THE STOCK EXCHANGE.

Tuesday, March 24-p
Too much valuable time Is being wasted In
talking and thinking about possible results OF
all the war talk in Congress Holders Of stocks
have no reason TO envelop their thoughts In
despair and gloom because the Senator from
Texas wants this country TO occupy Cuba. and
operators who cndeavor to encourage lquda
ton on the strength Of the daily defamation
exercise in Washington would do well TO
smother their thoughts else conhne them
selves to their homes until Congress has
adjourned business conditions do not de-
pend upon the Cuban resolutions. and the
dulness in general trade has not been brought
about by the attitude Of Congress upon diplo-
matte questions. Other factors are responsible
for slack trade. Factors which directly affect
the country's industries have been at work
since the adoption OF the present Tarir law,
and they have contributed more uneasiness over
the business situation than any dispute upon
the Venezuelan or Cuban questions. The real
reason of the lack Of support to the stock mar
ket lies In the failure Of Congress to pass
remedial legislation. Foreign investors are not
keeping out Of the market because public sentl-
ment here favors the Cubans. and when the
countrys Treasury is upon a sound revenue
basis again the correctness Of these views
from which no legislation favorable TO the busi-
ness interests OF the country can be expected.
but II Is also in q position from which no adj
verse legislation will result. and 1t Is appro-
pirate at this time for stock operators as well
as others 10 bear this In mind The winds OF
adversely are not blowing n very serious gal"
over this country. and little storm or pro
lection which will come in the fall, Is all tnat
Is needed to clear the atmosphere fortunately
no general liquidation has followed the con-
slant efforts of the bears to create war scarcS'
and investors and large operators are Keeping
out Of the market pending the possible changes
In the industrial and financial SITUATION ana
not on account Of war talk
A frmer foreign exchange market to-day ana
the gloomy attitude among certain operators
over the political and diplomatic outlook brought
on several foundations among speculative ac-
counts and until the afternoon declines were
general. Covering Of shorts then caused a raily,
and final changes among the active shares were
about evenly divided among small gains and
losses There was increase in life In the
market, and II remained entirely professional
throughout the day. London sold It's favor1tes
again and considerable weakness developed
among the corn-carrying roads, while the In
dusrials generally weak Sugar Refining
breaking per cent and closing at loss or l'2
per cent for speculative reasons. Chicago Gas
was an exception In the industrial list. gaining
per cent. Foreign exchange was stronger under
an increa sed demand for remittance, while the
supply of bills small. with no indications Of
an immediate increase a factor which used
to influence liquidation but without success ex-
cept among small holders. The total business
in stocks consisted of ls1 663 shares, OF which
l20 GO shares were contributed by six stocks
American Tobacco. Sugar Refining. Rock Isla nd
Burlington, ST. Paul and Louisville and Nash
Vile
Closing prices of a number OF active stocks
compare with yesterdays as follows: