New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-13

not fall further than fractions was due to the
fact that heavy operators in stocks. large flnan-
are firm believers In the prosperity OF the
United States. and they are unwilling to be
scared into throwing over their securities on
account OF any action which was taken on the
Cuban question, or any unfavorable develop
ments which may. by some chance, result there
from. Throughout the period Of dulness and
depression there has been tenacious holding OF
stocks, and the total lack of pressure to sell is
exhibited daily in the very restricted dealings
Spring trade has not yet gotten fairly under
way Congress Is still in session. and the cam
ddates who Will lead the Republican and Demo-
cratic parties in the fall are not yet decided
upo These are all factors which cause more
or less uncertainty. Then, as yet, foreigners
have shown no disposition to take an active
interest In the local security markets. and the
prospect Of gold exports still AFFECTS the senti-
nent OF few people, Such considerations APP
pear to be responsible for the lack of Interest
In stocks. Actual trade conditions show I'M
provement. and the great iron Industry always
considered barometer of trade. reflects en-
couraging progress. The railway companies re-
porting in the week showed material improve
ment and with the. execution OF some u li
vorabe reports from the winter wheat districts,
there much that was encouraging all over
the country. The damage done in winter wheat
in the West by the storms and unseasonaple
weather have, according to report, been con
slider able but II must be remembered that these
crop-damage stories are generally wofully ex-
aggerated.
Gold exports in the week had no depressing In.
fueace upon general business, and they passei
without particular. effect upon sentiment or
stock values. The cash balance IN the Treas
ury Is upward Of s271 900 900. the heaviest IT has
been In long time. and the largest gold bal
ance since 1891, so there Is no worry or fear on
account Of normal gold export movement,
despite the extent to which II may run psioIf
the fall. In the week just passed the Roiu e"-
ports amounted to s1.300.000. and the gold was
not taken from the Sub-Treasury. symptom
of the return of more normal times IN the
business world. II was taken from depository
bank-the National City-but not from the
funds on deposit there on the Treasury ac-
count The bank, OF course, can relmDuise
itself il 1t so wishes from the Treasury, but IL
is doubtful II any such action will be TAKEN as
the bank holds large amount OF goio' anu
has shown a CONNER dahle disposition 10 as
sist the Treasury in protecting It's gcia ~,
some misstatements were made In the week
about the gold Withdrawals to the e1ect that
they would show a loss In the Treasury me-
GOLD balance but such, however. has not peer
the case The rates for foreign exchanse WEI.
reduced on Friday trifle. and at present
would be very hard to squeeze a pront on, -.
gold exports Large amounts OF foreign money
are being offered in this market, as prey ai i
rates are much more attractive ,l,li .ha.
abroad. and 1t was estimated yesteruas .hicb
inward of So 600. 900 thus lent mere, "hi.,'
otherwise would have gone to Europe III svii;;
AS TO the actual trading In stocks. no eN'e i,
comment is needed. The market was INTENSE.
dull and narrow and speculative lm.eien'
was confined to the lndustriais anu 80 LEV
wav shares From the brokers' point Oh w
the chief factor that concerns them is the -
logged cor diton Of speculation. he,e -
marked tendency in prices during ,ne VIZ ne
early declines being followed py Srnan md
close so that the net changes were sinai aIau
oanorallv fractional The total business
amounted to only 752.776 shares ana o' '"e''
twelve stocks furnished 6l2.?sl shales. 4,
The following table shows the movements -
the week of the chief active stocks ana porus