New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-02
CLOSING PRICES OF CHICAGO STOCKS.
Friday. Nav Up. m.

Gold TO the amount OF $1,000 900 in bars was
taken to-day for export TO Europe tomorrow.
BY a triangular operation. II Is possible TO send
gold TO Paris at q profit but II Is not thought
likely that the amount OF the metal to be
shipped TO that city Will figure up any large
total. The demand for remittance is not I'M
usually heavy, and there are good prospects
that a round amount OF exchange from sales
OF American securities abroad will come into
the market in the course of n few weeks The
fact that gold bars, which are obtained only
at a premium. were taken instead Of gold coin
caused some doubts as to the profit OF to-day's
transactions. but the shippers estimate figure
out in their favor. although the gain Is not
large. The condition OF the coin which the
Sub Treasury would furnish for export Is not
far within the limit Of tolerance. and even at
a premium Of S-16 per cent 1t Is little more
advantageous to send bars instead OF coin Inc
stock market and the financial community
viewed the Withdrawals Of gold for export WIN
eauanimity, and, while the gold exports may De
considered chief reasons for the hating charac-
ter Of speculation, they cannot be classeu AT
this period alarming or unfavorabIe FACTORS.
Stock trading is held in check by gold exports
and foreign political troubles but prices mar mar
no important recessions. rejecting the innu-
ence Of a firm and strong undertone IN 10
days market there were no movements OF sis-
nifcance. and trading dwindled down 10 an un-
dustrial shares were fairly active, but the raii
way list was neglected. the only Suspicion OF
activity being in Burlington ana ~, 70 a ono
shares Of the total dealings In all STOCKS
amounting to 104.41S shares. American Tobacco
was sold by room traders. because they WIZ
disappointed at the lack OF support expecteu
from inside interests on account 81 the oecIsio'.
denying the injunction to restraia the payme"s
of the scrip dividend The stock down ,o iM per
cent, but elsewhere final changes were sHai,
and about evenly distributed among gains anu
losses.
Wall Street, like the rest Of the country. now
believes that the nomination Of Major Mckinney
is assured. Business men In general express ui
bounded satisfaction over the prospects or tne
nomination Of the advance Agent OF prosperity,
and in the financial world OF Wall Street scarceiy
a murmur Of disapprova Is heard over the can
didacy of the leader OF Protection Wme tne!e
orc a very few who are not entirely agreed with
the views of Major Mckinley upon the money
question. the rank and file OF the Street are gen
orally satisfied that the nomination. OF o ., sonnd
Governor will mean everything whlch Is sounu
in money and In protection Business men VINO ap
preciate the value Of a man whose very name
when whispered In me ears oil Tn" in the nomna
ton OF Major Mckinley return to the prosper
Gus DAYS preceding the Inauguration OF fresi-
dent Cleveland and they are now ARRANGING .ne,'
affairs accordingly. 1t is conceded IN inc nha an
cial community that the result OF the Illinois he
publican Convention means the nomination oi
the champion Of Protection ana IL IL aiso Con
coded that his nomination means his election.
The Democratic party is too closely Identified win
the free silver element TO give II ngntihg chance
~ success and its record in the last three years
has been such as to leave 1t almost without sup
port among financial men, wall street men
want sound money and they want frotect,ol'
They want the man whose nomination ana eiec-
ton stand for progress In the Industries ana
stability In the currency They believe they VIII
get all this. and 1t is only the narrow minded VINO
are not willing to take an optimistic view OF the
future and to arrange their interests ready 10
meet the wave OF business revival and prosperity
which will follow the election and Inauguration
Of the next Republican President.
Closing prices OF number OF active stocks