New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-07-31
CLOSING PRICES OF BOSTON srucns.
Boston, July 80, 1883.
THE SEQUEL TO SATURDAYS RAID.

Monday, July SOP. m.
The semi-annual statement of the Norfolk and
Western Railroad Company printed below, shows
surplus over all charges OF s34s,464-a gain
on the six months Of 1887 OF over 100 per cent
The surplus of the last six months is equal to
l5s per cent on the company's preferred stock.
In the last six months of lss7 the company's
surplus amounted to s4597 26. Without allowing
for any increase for the last six months OF this
year. the surplus for 1887 will be ss0s,l90 or
g. 50 per cent on the preferred stock. But in
the three weeks OF July, the gross earnings have
shown an increase of s5s. 712 or over 25 per cent
The sequel to Saturdays raid on stock values
was not long delayed. To-day's market opened
at higher than Saturdays figures, but immedi-
atey following the opening there was renewed
pressure to sell phantoms, and in half-hour
prices marked to and below Saturdays
figures. Then came a period of dulness which
lasted nearly an hour. By midday, however, it
was discovered that the raid had frightened no
one else into selling, and with the first attempt
to make any purchases the real strength Of the
market was developed and a recovery in prices be-
gan and continued to the close leaving figures
well up toward the highest Of the late advance.
The market was somewhat stimu lated by con-
frmatory cable dispatches of the shortage Of the
English and French wheat crops, but that vas
only additional TO conditions which have been
recognized for more than four weeks. So much
has been said about a reaction being due that
1t is interesting to note how the market has
reacted several times. The movements of St
Paul since June 2 are fair sample OF the
whole market. On June IL st. Paul sold at
81 it's principal fluctuations since then have
been as follows: June IA. So l-s; June Is,
81 49, June 6, 81 June II, CO 7-e; June Is,
SO 7-s: June 90, So 1-2 June 20, Go IA
June 26, so "a ; July Z, &c 5-s July 0, IS IL;
July ls, II l-2; July 20, 60; July 25, 70 IL;
July 26, II IA July %. 10 IA; July 80,
II Ia and 10 IA. Between June at 50 l-2
and June 1s at II l-2 there were numerous
vances of 7a12 per cent, which are 80 much
talked about to scare people away from the
market have been made the same as that Tor
St. Paul To-day's loan market reflected Sat
urdays raid Of Chicago and Northwestern stock
by a new demand TO borrow some $500 shares
of the stock 1t was sold down TO II 0 ls Sat
urday and to 40 "a this morning; it closed Mt
l12 1-2. Other stocks also were in better
borrowing demand The announcement that the
United and Commercial cables had signed agree
ments to advance cable rates to 25 cents
word on September had little or no effect
on the price OF Western Union stock; it rose only
ga per cent from its lowest price. There are
well-informed people who are confident that ne
gotiations are pending for the transfer OF owner
ship OF large block of Western Union stock
The market closed strong.
THE DAY IN THE BOND MARKET.
Bonds were offered to the Treasury to-day to
the amount Of s202, 900; As at l27 l-4al27 1-2
and 1-2s at 107.40a1 OF 1-2. The Secretary ac-
cepted $50, 900 4 1-2s at 10740al07 49, In the
local market Governments were dull with the
quotations as follows: