New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-12
:, LOSING PRICES OF CHICAGO STOCKS.
Saturday, December lip. m.

Saturday December lip. m.
The stock market was strong and active To-
day. with final prices we'll above last nights
closing. Commission houses were moderate
BUYERS. and there appeared to be good support
from important market interests while the
marke, has reached level at which realizing
sales are attractive. It seems more than likely,
that the effect OF these sales will be offset by
revival of speculative interest. and 1t is in
teresting to note that the general tenor OF COM.
mission house market letters takes this view OF
The situation. The strength Of prices this week
has been accompanied by investment buying on
large scale In securities Of stated income yielo'
and the great plethora OF money will doubt
less further stimulate the movement. In Janu-
arv interest and dividend payments, estimated
at S1Oo.OO0,OO0 will be made. VIII not inc
.rsoter mart Of this amount seek reinvestmentI
There Is certainly no reason TO lock II up Dear
traders endeavored to-day to continue the re'
action which set in yesterday. but In the az.
sence Of selling pressure they soon chanseo
their tactics. and began to cover. Sugar henn'
ing was aseressively strong: also Northern ~
cinc preferred, which rose a point from It's low
est price on good buying. Manhattan was "e'~'
but recovered part OF it's loss before the close
The last trdnsdCtiohS "cic a.
figures OF the day Southern Railway preie''S
was a strong feature.
At this time a year ago, and throughout Wv
season. the exports of corn were larger 'h"'
ever before in the history OF the country se'
the shipments at present are in excess Oh ia''
years enormous totals. Exports OF corn ia ga
week were 3,313,OS6 bushels. against ooo9,.~,
bushels a year ago while Atlantic Coast VIZ,
exports amounted TO ABEL bushels aer.S -
o97J65i bushels In the corresponding We 80
1896 The demand for grain 10 cover the
eign shortage robs the rapid advance a. m,ieht
prices In Chicago Of the injury when u s.,I
otherwise do. were 1t based purely on spe.uo -
tive manipulatlon. The increased exports ~
grain and cotton are affecting the iore,sn
Change market while a falling of In the denS, MAJ
Gov Investment sterling is a factor inHueh sasn
rates The demand for remittance ha r,,cI.
lighter than expected and the inquiry h-aad Il
nation of January disbursements aue arohshIs
NOT vet a factor In the market !. 10 ppo,,rites
that European holdings or American sars and
ore lighter Mt present than In many yea's cent
In view OF the sales for foreign account III re,nit.
months II is not likely that the can iv,,s,ement
lance will be heavy. To-day's pahn SI0 600.
showed an increase In loans or neally .,ion ex.
600 doubtless rejecting the accomHoIrion pa.
tended in connection with the second y. a. this
cific payment. Owing to the operation, arc too
account the bank statements at pres,sn .rsase n
mJYed for useful comparison. the my sieassased
denosits amounted to 1891 800. Cash decl re- ~
81 90 100 and surplus reserve so,-oso and
sis SSi. 425 against $31 .GO6.3o0 year ae0'
SIG 30t. 325 In the same time In $3.50 .c,iye
Prices for the sales OF the prlnciVaat Al
stocks to-day compared with the ilnai heu'
Yesterday, were as follows' =,