New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-07
CLOSING PRICES OF CHICAGO STOCKS.
Saturday. March 6-p. n

Saturday. March 6-p. n
The uneasiness abroad over the Eastern s:tuas
ton was the ruling factor in to-day's stock mar
ket. traders selling throughout the list and
transactions In general rejecting the foreign ap.
prehension, which has been communicated 70
investment interests here. The fact that tn
failure OF Greece to withdraw her troops may
lead to force by the Powers. has brought abom
caution among foreign and local investors. whnA
speculation Is more or less confused on account
Of the uncertainty caused by the foreign political
outlook. II war results between Greece and
Turkey. and II the Powers become seriously m
volved. the financial markets here will doubtless
feel the effect OF the shock: but the strength q
underlying trade conditions. the ability wh'es
the market has shown to absorb foreign sales q
securities. and the bright outlook for industsM
revival under the new Administration are No
tors which will prevent any lasting effect upee
the local security market. There have ben
heavy sales of securities for the foreign Account
in the last week. but they have been well tsxo
up. and further sales as a result OF Europeee
war would be absorbed in like manner. 1t mu@
be remembered that liquidation OF American -
curItles held abroad in the last three years D.
been extremely heavy. and that future liQuioe
ton resulting from a war would likely be com
paratively small on account OF the reduced ho'e'
ings In foreign hands. The chances are. bow
ever. that In case Of a general European wS'
which is extremely improbable. there would me-
be heavy selling OF American securities. a. CIV
ditions here are such as 10 make European ~
vestments in our securities the safes, protecuo.
for foreign capital War between Turkey ~
Greece would affect values here in sentiments
way. but cause no permanent injury 10 the W.s'
ket while II would doubtless stimulate our q
port trade. IA
Both bonds and stocks closed lower. but VIZ
few exceptions at only small fractional ioes@
The statement OF the associated banks had y
effect upon prices, and the foreign SITUATION -
peared the sole controlling factor In the a.
trading The trading In bank holdings resultees
a loss In surplus reserve OF ~. yb4.OoO and -
In cash holdings Of Sl.O4l. 100, made up oy ~
crease in legal tenders Of 81. 1880 and an ~
crease in specie OF 81 l2OSOO. In the last NAM
item, the receipts Of gold from San France
were responsible for the gain. ana IN ,his e.
nection IL Is interesting To note that apout -.
600 900 gold was turned over In the week ~ -
banks 20 the Sub-Treasury, while the depo."Ss
In the Clearing House vaults raised the amos-
so held TO above S.,o.00U0Oo Loans showed -
expansion Of ~. i52. 100. and deposits an mere.
OF So ti.,l son the first named resulting run
better demand from borrowers and prooapy
part from operations connected with the -
shore refundng operations. Borrowing oy ~
porters who wish to take advantage OF the ~. s,s
ent taiin law was reported. The surplus ~ "a
now stands at S55. a56.92o against 81 -or -
this week year ago. and So, So-V ~ -
sar,e tine in 1898. An incident OF the day ~
a further decline in the commercial price " m
silver to 637s decline from last SATURDAY ~ ,sy.
Prices for last sales OF the principa, .s
stocks, compared with the maj nsures vi W.