New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-08
CLOSING PRICES OF CHICAGO STOCKS.
Thursday. October IN. l

People who are interested In seeming higher
nr,ces on the Stock Exchange should not sell
their holdings on the belief that number or un-
important traders have absolute control or the
market Conditions are altogether too Favorable
for any protracted decline in prices. and holders
who have sacrificed their possessions through
fear Of bear aggression will live to see scramble
on the part OF the bears to get from under the
batteries OF coming bull cohorts. That the mar
ket 10 resting upon n strong foundation. and Is
actually in better condition than a fortnight ago.
despite the recent declines IN values. was proved
to-day by the indifference shown throughout the
list to a sharp break and heavy liquidation in
Chicago Gas. Reports from Chicago OF the sale
OF Universal and Mutual Fuel Gas companies
was construed" by the bears the beginning
OF a war against Chicago Gas and they accord
,nely hammered the receipts Of the last-named
company with such vigorous attacks that the
price fell from 979S last nights closing. to o2's
closing at a net loss Of per cent. The raid on
Chicago Gas from bear point OF view was not
senseless because the bears knew that they
could make some people believe that the change
IN ownership OF the opposition gas companies
meant serious loss 10 the Chicago Gas concern
As a matter OF fact the standing Of Chicago Gas
has not been injured In the least. for the opposi-
ton companies were there before and have
merely undergone a change In ownership. CHI
caco Gas will continue TO pay dividends.
outside of Chicago Gas the market was In
tensely dull Consolidated Gas. which. for
number Of days. has run up and down the
speculative scale at leaps and bounds, moved
Within narrow limits. and the whole list showed
only fractional fluctuations. Bear pressure and
hear talk had no material effect upon values.
In Some issues decided strength developed, and
in no issue except Chicago Gas, wes selling
nressure noted At the close small fractional
raclines were made by the majority OF issues.
The prediction is ventured that the bears on
chicago Gas will be severely punished at no
late period Even in a purciy trading market
"r;cas cannot 60 one way al. the time. and for
nc roa son n rally should soon set In. AT the
a,nso az business sentiment was more bullish.
"a nredictjOns were freely made that prices
,~erc about to enjoy IN advance More gold
r,aa engaged for import to-day. and all de-
,Ionments were favorable 10 higher prices.
nm5nn traded on both sides Of the account but
hn,Cht more than it sold. In this respect fol-
io,rfnp n course which 1t has pursued AL inc
,vsek Foreign houses are lbera! buyers OF
Northern Pacific preferred. ana II Is UNDERSTOOD
~, local interests identified with the company
20 been picking UP the stock on all reactions
10 10 ,ha road's current rate or earnings oiVi-
~ a. -, an tha preferred stock Is assured GOV
uenu ,,,, honds made further advance to-day.
,hn lie Of 1929 closing at ILois9l IA lor inc
r"cistered ard 1864 012Ih for the coupons
pics for the last sales OF the principa ac..s
~. to-day compared with the maj Hgures
- ys~terlay were as follows: