New-York tribune., 1896-07-24
CLOSING PRICES OF CHICAGO STOCKS.
CLOSING PRICES OF PHILADELPHIA STOCKS

Thursday. July 23-p. m.
A gradual upward movement In stocks indi-
Gates healthier state OF affairs than a rapid
advance. although operators who work for quick
profits think to the contrary Such operators
were disappointed in the course of to- days mar
ket for it gave no indication Of advancing rap
idly and at the close was only slightly above
last nights final prices and in few stocks
losses were made. 1t better and more
natural market than in many days, however,
and conservative brokers were well pleased at
the result Of to-day's business Some hesitation
was evidently developed by the uncertainty SUR
rounding the Popustc Convention in Chicago.
for the outcome Of that Convention, unlike past
gatherings of this queer folk. will figure TO some
extent in the strength of the Democratic free
silver party. The bear element is anxious to
take advantage Of every factor which II can
construe unfavorabe. and now that II no
longer has the gold to worry about
thanks TO the New-York bsnkers-it has been
apparently counting upon the Endorsement of
Bryan by the Populists as an effective bear card
Doubtless the bear element believes that it's
harvest in the stock market Is not yet over, and
doubtless 1t Will be able to work the market
Its way on more than one occasion between now
and November but despite the reactions IL may
bring about IL is confidently believed that the
general tone OF the market will be strong with
prices tending toward higher level The ac-
tion OF the banks In turning in gold TO the
Treasury and the concerted movement of bank
ing houses TO end the gold export movement
have changed the complexion OF the financial
situation to a material extent. 1t is now likely
that the Street will be able TO give some Of its
attention to the condition of the growing crops
and other factors of a favorable nature. and
even If such factors are not realized now, their
effect Will show later on, for they are based
upon actual conditions and not mere reports
Of al oil no
wheat carrying roads have bright outlook a.
indicated by the excellent condition Of the crops.
and the effects OF good harvest will be multi
piled upon almost all branches Of industry. and
especially upon the foreign exchange market.
Opening prices were fractionally off from last
nights closing. Throughout the morning
gradual improvement prevailed. but before the
close there slight reaction from the best
prices Of the day, leaving final changes frac-
tional gains in the majority Of shares Heavier
gains were made in few stocks, particularly
Delaware and Hudson. Jersey Central Lake
Erie and Western preferred. and United States
Leather preferred. The volume Of business was
about the same yesterday without any con-
spcuous movements outside the generally active
list The Industrials Changers, Louisville and
and Western Union furnished III 400
shares out Of total In all stocks OF Zio.ll3
London prices were unsteady. but me temper
of speculation abroad as reported by houses
with foreign connections was decidedly I'M
proved although prices did not respond TO the
advance here yesterday. The Engllshmen now
eyer have been concerning themselves with an
other rDyal wedding. which has had holiday
influence upon the market. and tomorrow they
nav wake up and give prices little movement
toward a higher range. To-days deposits or
: ala NV the banks. with those made yesterday,
amouptad up TO the close Of regular business
hours 70 a sum sufficient 10 place the gold re-
serve upon a firm basis again, and the actual
amount pledged TO the G1vernmen5 pu,s tne Tbe he
market closed irregular. the only conspicuous
nssas among the active shares being made by
Manhattan. which declined 2@s per cent from
ast nights closing. ana Chicago "as' WHO" 'os'
Closing prices to-day Of a number of active
,oo,,s nononare with yesterday as follows: