New-York tribune., 1886-07-14
CLOSING PRICES or BOSTON sroCKs.
BosroN. July 1S. 1888
TUESDAY, July 1872. n.

TUESDAY, July 13-P n
The price Of bar silver in London to-day made a
further decline Of 'si to AID. ounce English STAND
ard This figure is exactly 1od. per ounce lower than
,bs nrice in February 1873 when the United States
Congress enacted the remonezng Of ths 4l2s grains
silver dollar ana the compulsory coinage OF s-'oooooo
worth OF silver each month into dollar coins since
then the Treasury has expended about IN
tho nurchase silver which produced at the nints
about $500 600 900 OF coined silver dollars or TINS sum
Of coinage about S37 900 has passed into general
circulation and the Treasury holds in dollaro and
bulion, S1s3.600.000 OF the sum In the Ireae
ury Sss, 1000 is in circulation In the shape
OF certhcates leaving 00.0O0 of the SlS3oooooo
held in the Treasury stored and held at the expense
and risk of peopleas belonging to the Treasury
When the Silver bill became law 412l2 grains OF silver
were worth about SO cents The Government has pur-
chased about sl92. 100000 worth, about one
half OF which 1t Is still hoaroln2 anu
the value of 4129 grains Of silver to-
day is 74I2 cents 1t seems TO be peculiarly hitting
that this extraordinary decline OF SD in the price OF
SILVER should have come on the same day when the
United House of Representatives, was to take up
Mr. Morrisons resolution (which should be ent'led' An
act TO destroy confidence and values as speedily as
DOS sbe). tie purpose OF which is to force all the silver
in the into circulation in some form or oher
by a wild redemption OF bonds The
whole system Of issuing Treasury certificates against
cash supposed to be in its vaults originated under the
dstress OF war times its continuance is perncioue In
practice and unjust tax upon the people
at large Perhaps however the quickest remedy Tor our
complicated currency be found in some such radical
measure AS that of Mr.. M0rrisons which may quickly
teach the people and Congress that commerci" laws are
superior to isatve enactments When Mr. stephens
passed his bill making Illegal to deal in gold required
only seventytwo hours TO convince him OF tho luily
OF his attempt TO regulate the commercial values OF tue
world and he himself moved the repeal Of the law.
The stock speculation to-day was about as dull as 1t
fhn nfal
1sO5l4 shares There vas however. a cessation Of
attempting sell by the cQues and the efforts we're al
rected toward the establishment of rally in prices
without the accumulation OF stock As there no pro-
nOunced and concentrated "bear" interest In the
market this a thing easy 70 do; and 1t was done
after further early declines from the sales OF out
ders had made and prices generally for the active
stocks closed at nearly the best figures or the day or
definite news there none; OF rumors or probaDie
settlements of the Western railway war there were
abundance affected prices IS per cent one way
o other. They for the time are the creatures OF
eph-m-ra causes nut because the pubic has seiz-i
upon the war at the west, rates ior
brc.use the earnings reported are dlsappOn ing aud
that such on lS~0 IA are reporte are not
because prices nave mad a large advance Aided 10
this damage 10 the wheat ana oat crop OF me
northwest which will amount IN yield to any wherr frou
cent. ne condition Of the coa trade u dOhcr
disturbing element. because the cos stocks nave been
special in rrcenI speculative des mat trade
seems TO be bad to fast As possible
AZ a time chief customers are steadiy pro-
grrsspg Tart the plane OF prosperity III Inc leslt-
nat .rorkuoters OF the mp satisfied with
NE ,nanasrnenfs which produce results do not
Know that specus stOrs have any rlght to complain IL
l. likely To give an active stock market
bonds dun. with bids Tor the ~ up
and for he 3s of a per cent Annexed are the clos
mg quotations: