New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-16

In to-day is to the 0o92 shares dealt in yester-
day, to-day's stock market was more active. But
It was the less fentureless to the mind that
carries one days operations after another in re-
mrmbrance. The market still reflects nothing
more than operations of Traders. The quiet and
undemonstrative absorption Of stocks by home
investors and foreign accumulators does not
yet make itself felt, simply because the borrowers
of stock are not called upon to make their de-
livcries. But nevertheless there is steady pro-
gressive, slow, but certain movement toward the
point when the bears" will be called upon to
stop and deliver their contracts. The active
stocks are already cornercd, and that would be
developed in days business il there was any
speculative bull elem Mt In the market. The
fact that this is not dcmonstrative bull spec
ulation, but that instead Of it there is quiet
absorption OF stocks, will make the final
settlement of short" accounts more difficult
The days report Of railway matters at the West
were about as bad they can be and they
were given the usual supplement Of exaggeration.
And yet despite oil these realities and lmag nations
the whole market after some such decline closed
materially higher than last evening
certain news agency Of Wall Street in seeking
to make its record good with the Stock Exchange
Members, to-day sent cut the the ioliowins IN,
tercsting item of news: :" The financial editor OF
T. iIIs this morning sternly reproves the
Stock Exchange for ignorance and incompetency
shown in the administration of its affairs. Not
content with directing the Exchange as body,
he undertakes to manage the business OF lndl-
vdual firms and begins by advising them not to
take our news nor to advertise in " The Times"
The Street ought to be grateful for the Interest
taken in its affairs by person well qualified to
advise" This is good. We never have named
the agency except in creditng it for some merlto-
rious work therefore we cannot be held response
Ia Ton omit inn oil uyIin nnh n
world being a superb fit for itself AS to the
sternly reproves" Of the Stock Exchange, we
able to say that the writer, in ten years ex-
pcrience, never incurred so many congratulatory
comments from the members of the Exchange as
he did to-day OF course this not include the
plying to the court for the appointment of q
guardian for the writers Of trash" The market
closed strong at about the first figures
NOT A HEAVY DAY IN THE BOND MARKET.
State bonds were neglected Alabama Class BIS
sold at ia. or city bank stock Manhattan sold
Il o. at 16l. Sales OF several issues at auction
are reported below.
fairly well distributed business was done in
railway bonds at generally full figures. lhe
Missouri, Kansas and Texas issues were specially
weak under speculative sales; the rs declined to
90a00 IA and the general 6s to 6s Laos l-2.
Fort Worth and Denver firsts rose per cent TO
81 Milwaukee, Lake Shore ard Western con-
vertibcs were active at 80 1-4a89. Eric second
6s sold ut o. l-2a97 ga and West Shore As were
firm at about OF.
VI unIlStp0 securities uedlt III dh Vhc pto'h
Exchange. Cotton-Seed Oil certificates sold 1000
at 30 3-4a3l Is. Chicago Gas Trust 1900 at
80 l-2a32 IA Chicago and Atlantic Beneficiary
q COZ at 6. Lehigh and WiSesbarrc Coal t2O0D
OF lie Mexican National Construction t60l at
o. Toledo, Ann Ilarbor and North Michigan
(2OO) at "a and Georgia and Pacific hrsts Isl, OOO
at 90.
Money ruled easy at 2a2 1-2 per cent
The Clearing House statement to-day is as FOL !
lows: Exchanges ss7,5o9,147; balances, 3d.
2466 $50.
The ub-TreasuPy was debtor at the Clearing
House s2O7677. But its gain on balance was
s206, $50. made up by gains OF $4,000 currency
and sI93O3O coin. The days operations COW
cred: Receipts Sl,432.503: payments. 81 1885,
10: resulting in general balance OF $685.
Z 2Gj. consisting Of s144,7S64Sl coin and
1.7S7.7S4 currency.
The foreign exchanges were dull with O. firm
tone at quotations for business as follows: Bank
ers' bills "a "a 3-S and 81 IS 7-S for long and
short sterling respectively; SCI 7-S and 5l9 3-S
for francs: % l-S and 95 8-S for rechmarks;
80 7-8 and 40 for guilders.
REPORTS FKOM WASHINGTON
The United States Trelsnrv ar Washington re-
.e,ved to-day 1882. 900 National bank notes FOR
-edem ption. $1,000 oo
n fernal revenue receipts we're S272.S12.
To-day's WASHINGTON Treasury statement OF
,ash on hand an deposits in bank compares w n
the fignres of Yesterdays statement rs follows:
Fan IA lsSs Feb Is. lss2 Dir,rsnras
.t ,ol1 On hand sgOl s2O5O4 776 lac st4 1908
i 81 silver hand. 6I4li,s22 A24o.o45 Dec l74227
\ et legal u niers on anna.
ss3 Dec Dec S S2s