New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-05-14
CLOSING PRICES or boston srooxs
BosroS, Friday, May 10, 1891.
FRIDAY. Nay 1872. n.

As result of Secretary WINDOWS an.
nouRccmcnt regarding the continuance at 81
per cent interest or the payment Of tho
per cent bonds to-days stock market shows
Important advances from yesterdays decline.
Opening prices were all higher than Yesterdays
closing figures but alter that, barring two OF
three special stocks, there jump
ing Of prices, but rather steady aud
healthy advance. which indicates a moro
actual general buying and les~ manipulation
than have been seen before in an advancing market
for weeks. II is beyond dispute that the entire stu
alton is changed, but whether for o long or short
time is still matter of opinion. To-day witnessed
that which the cques for weeks have laborcd un-
successfully TO accomplish popular buying ot
stocks. Aud for the moment IL matters little
whether the reasoning that produces this
result is correct or not The public has
taken hand in the speculation and is
not Likely TO Withdraw before a considerable
advance IS established or bad break occurs. To-
nht 10 is the fashion t. reason from tie point Of view
of easy money rather than from the capitalizaions
OF earnings Of the properties. What viii or can
people do with their money r. Is tho question that
silent stranger may hear propouudcd, not only
within tine walls Of the stock ESchange but 10
every brokers' office ard in every group of persons
aggregated on the street curls Hence the MEM
bcrs Of the CIrb exchange are bryers Of Stocks,
because il is supposed that the action TIE Treasury
insures mperabundance Of money. Those ara
powerful elements toward the creation Of " bull
stock market and with all the opposing In
lluenccs lying dormant. they are likely 10 hayo
full swing in the making of values To-
days business in stocks amounted 20 $4,000
shares against 100000 shares yesterday As be-
fore stated. the advance. after opening hgnrcs
was gradual rather than spasmodic. There
we're, however. some notable exceptions Rock ISL
aud wasunusuallya and after rising from S9's
10 40 showed some hesitation at the latter figure
but when the stock offered at 40 was absorbed tho
advance to I44a14324 was rapid. The special
movement in this stock is based upon the trust
worthy bnt unofficial reports Of the companys cur-
rent business, and the probability that the stock
holders will DE permitted 20 subscribe 20 the treas
ury stock iSs 900, OO0 at par. Hannibal and St.
Joseph common stock was another that moved
by spasns rising from 74la 10 - and end
nag at 70li while the preferred stock jumped
from IL 10 115l2 but ended AZ 1872. Both CT
these movements were based upon tie position OF
the ,ocks-it being such that the .lue may forco
the shorts to cover at any price It peases
Among The low-price stocks those OF Chesapeake and
ONO are specially noticeable for on exhibition OF
strength The market closed excited aud iirm close
up 20 the best figures of the day.
Tho business at the Boards in Government bonds
amounted only TO 900, but a large business IN
the way Of exchanging is reported over the counters
of the great dealers Prices are yet hgl cr the final
bids showing advances Of b for tho Is 4 for the
5~ aid - each for the iis and Is Annexed are tie
closing quotations.