New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-20
A RECOVERY IN PRICES.
UPWARD MOVEMENT IN STOCKS.
CLOSING TRANSACTIONS AT OR NEAR THE hr''i

CLOSING TRANSACTIONS AT OK NEAR NE "'"'
FIGURES OF THE DAy-THE NET GAINS
There a general recovery In the prices OK
stocks yesterday. The entire loss sustained IN inc
slump on Friday not made good pu' as '"o
Stock Exchange was open only two hours. as
against live the day before. there was. az TACT.
not an opportunity for "A complete restoration OF
values The closing transactions were at or near
,h. hest figures OF the day. The net gains. coHh-
pairing the final prices with those or the uay De-
fore were for number OF leading stocks:
American Spirits !: American Cotton OH. -
American Sugar. Is; American Tobacco J; Bur
lington and quincy. 1as: Chicago Gas. Ia; 'oh-
solidatcd Gas. .; Metropolitan Traction J. M's-
souri, Pacific. l. New-Jersey Central. !; Rock
Island IA: St Paul, ia; Southern Railway pre-
ferred. Us. -
The bank statement showed gain Of sSss''.o'
I'm deposits from the previous week. making III"
gain in weeks $sj.WOc".
There is considerable uncertainty as TO what III
nuence the discussion of Camerons cuban r'soiu-
lions I'm the United States Senate VIII nave OH '"e
attitude of foreign investors and spectators low
ard American securities. When the President SEM
in his Venezuelan message year ago ''c u"
moralization which followed II was P'"V''o"''
precipitated by London selling. but Ereat b'itai"
was more directly concerned then than now The
position Of Spanish securities IL really more Ii"-
portant than that of American securities nc
larger part of Spanish securities are hcld III
France The market in London for spanish ST.
curiiies Is probably heavily oversold. SPAN i II"
:. condition where il raise no more ho"'H
ou side of It's own country for the prosecution VI
the war I'm Cuba and 1t IT. very certain thi' IL c.,
nrocure no funds in England France or '''i iitls
Tor a war with the United states, ~ i na' a., a.,
M, the Influence of France should ne 'N'f"" ~
Zen Snain uuiet in order to prevent the iol.'
disappearance of the value OF SpaiIsh So go,
If is also assumed that the influence Oh ~ a.,
Hritain whatever il might amount TO- "o"u oo
used 10 prevent hasty action by Span. ,,.
There was little in the exchange inatket
n indicate what ;he coming week nl'Rnt ilIs 20 ~
IN The way Of god exports-whether gold woum 10
from New York Germany or nJ,. "a" -
.ba. ie described as an on day In both thc *
change and money markets: Condt,ohr arr an mo
~ in favor OF gold shipments but all depends on sn'
state Of money in Berlin and London II inoh,Y 'vn
tlnues materially higher In Berhn IMAM IN iouJ n
ana materially higher in London than III Ne"- 81 ~
t j. nrarcallv certain that London VIII procure EoIu
in Nrw-York 10 be sent TO Berlin. London is ''se
d.btor IN Berlin Berlin needs money ana IL turns 10
Inneon for H. London obtain money NOR
chea,lv in New-York than a. home. ana therefore II
turns 10 New York for II. God exports are dsse on
The rate for demand sterling general thing Inc
nresent tendency OF demand sterling IA IN ih,oi VI
gold exporfs The last week there was an advance
Of fhree-four;hs TO cent pound Tor heinin' OF
shori bills az agalns; hreeeghihs to one-haf cent
Tor sxtv-lay or long. bills. The cause or the WORN
ing difference between long and short sterling was
Inc eyer-alvancing discount rate In London. ne
course OF financial affairs In the last six weeks mas
heen contrary 10 the usual rules Stocks. Instead OF
Advancing have been declining. ana money. ihs'"ad
of going into enterprises and business expansion
has been accommodating. Money cal, brings only
II. 10 per cent and on time only ~ ID - peg c''''