New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-10
CLOSING PRICES OF BOSTON STOCKS.
Boston. Oct ., 1898.
NEWS FROM THE NATIONAL TREASURY.

Tuesday, Oct 9-p. m
In the year ended September 80 the Treasury
purchased s401l7,020 per cent bonds and
Sl2, 333 $50 les; total, S52,451 270. These pur
chaseS with the premiums paid, furnished the
sellers of the bonds with 500, 000 900 cash,
displaced that amount Of invested capital, which
has sought other for future income.
Since September 80, the Treasury purchases of
bonds have amounted to 1000 900, requiring
payments from the Treasury surplus of about
$4,000, 900, of which only about $4,000 900 has
yet come out. Adding to the purchase money for
the year ended September 3O-s63, OOO OOO-that
paid and to be paid out for purchases since
September 3O-sl o. 900, OOO-gves ss2 100000 Of
displaced capital, which has sought and is seeking
new investment The effect OF this on the money
question we have already commented on. But
rejecting that this vast sum of displaced capital
is added to the accretions from interest above
expenses of living, and to the natural increased
wealth of the country, explains why securities
in Wall Street have become scarce and why so
large part Of the dealings at the Stock Exchange
are in wind contracts.
The Treasury now announces that the sinking
fund requirements up TO June 80, $50, have been
filled by bond purchases up TO Yesterday. 30
Senator Beck now may sleep quietly till July |,
1889, without dreams that the wicked capitalists
have cornered Government bonds, SO that under
the existing compulsory law the Treasury might
have To pay oooo per fenO potina hat bo s
sinking fund requirements were filled
yesterday, however, undoubtedly had ,,,. a
salutay effect upon holders OF bonds AS tnere
no longer competition in the matter over
$1,000. 600 were offered at the Secretarys figures
and they probably will go in more rapidly here
after than they have heretofore:
No NEW FEATURE DEVELOPED.
The days stock speculation failed TO develop
new feature. While sod-out bulls" socalIed
conservative brokerage firms surnamcd bankers,
who have put their customers out oil Stocks ana
the old-time bears who are looking for mar
ket on which to recoup, crying reaction and
talking and writing nonsense about the possibility
of gold exports, the marNet tuctuates IN a nervous
sort of Way but still betrays an undcrtonc OF
strength that is not due to manipulation "A
London firm to-day engaged 100000 of gold for
export to South America. What of it? Money
IS easy now, and yesterday and to-
of bonds. requiring the disbursement
of over SI2,OOO.000. That affords the ability
for the export of twcnty-four 100000 without
affecting the money market. 1t is waiting mar
ket on the part Of the :" bulls and one In which
the bears argue and reason TO prove their
denial Of any interest in 1t. The fluctuations OF
the day were of the sang character as those oil
Yesterday A strong and higher opening was
followed by duness and depression, ana -, ilna any
generally were 1-sal-2 per cent The New-Eng,
land clique seems in some way TO have gained
the eumity of The Times" IL this morning
bulled7 that particular stock, and therefore IL
was exceptionally weak, closing IA lower than
last evening st. Paul huctuated 3-s per cent
between sc and 81 3-s. and closed at 81 Is or
IS per cent higher than last evening Union
Pacific was a target for the bears" and it closed
l-s lower than yesterday Boston house sofa
900 shares of Union Pacific at CT 1-Sa5l "a
but all the surrounding s-thc sales at 81 just be-
fore by prominent bear" when there were no
orders present-lend force to the theory that me
BOSTON house was employed 10y Ncw-lorls bears
the stock closed SO is. even If Boston was
hurt The market closed strong
TIE DAY IN THE BOND MARKET
The Treasury to-day purchased SD 1850
bonds as follows per cents si332.2 200 at l2g,and
a ID per cents So Si2l5O at l0S -. The local
market was dull and quotations adjusted TO the
Government prices follows: