New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-25
WHAT WAS DONE IN STOCKS.

Friday, May Up IL
Well, the stock market to-day furnished the
second DAYS expected reaction But 1t WAS
reaction from the furtbes advances Of this morn
ing The final figures, compared with those OIL
hast evening" show few advances ana more h''ih"'
Of only I-sal-4 per cent The sharp advances
during the early dealings were largely due 10 ON
urgent demand from tie " bears" fr"chcniY
,bis WAS the last day Of the week. and therefore
naturally there was good deal Of realizing by
Traders who have been fortunate enough 10 be
long Of the market. The unexpected taxing
Of s1,GjO,oOO gold for export by tomorro~'S
steamers naturally caused some hesitation on the
part Of average buyers So, considering the
realizing sales and the hesitation about extending
lines because Of the gold exports. the reactions
from the extreme prices Of the morning and tin
im,naterial declines from last evenings figures
are pycof that the principal buying Of the last
ten days Possesses staying qualities, and las not
been of that character which seek Is prollt IN IL
week o: ten duyS +,
The transactions in listed stocks aggregated
100000 shares against 4O2,U2O shares yesterday,
Int toward tU-duyb sales ~. Paul stock CON
tributpd $4,000 shares less than Yesterday al
though it casly rose l,2 yer cent to - IA
finally closed al 73, the sane as last evening.
Northwestern rose 10 ~ "a on demand OF
shorts" and closed mt Ill 5-6, or Ia per cent
lower than ElNl evening AltliSOn Nub DOSu''N
90 a. So hy those who had urged need for
their purchases only 20 react 10 46 at the close
Is per cent higher than last evenings hguu~'
Rock ISh,nd rose 10 100, but closed at 30 30
The same yesterdays last price. Burlington
aud Quincy sold up 10 lO3 5-s, and finally nj
I03, or IA of from last evenings price.
Missouri Pacific rose to 10. but viii!
"a G pSs cent from last evening Union Pacific
rose 70 G2 ia, and at 81 l-2 nt the close shows
a reaction OF Is per cent from last evening and
rs guin on Yesterdays early figures. Delaware,
Iackawanua and Western shows a final g1ain OF
rs and Delaware and Hudson a final loss Of
rs per cent Philadelphia and Reading was
active Ht A. IA, and down 20 ~ l4H46 3-b, show
ing a reaction Of "a per cent from last evening
Lake Shore after selling up ~ yer cent closed
l-s lower than last evening Ncw-lork and
New gland records final decline OF 5-S pr
cent Manhattan ~as exceptionally strong at the
close; IL rose from 90 l-2 20 lO2, and closed at
lOI 8 Western Union was dull with small
fluctuations, and finally closed of ia per cent
Chicago Gas sold down 10 81 and closed al So.
The speculative element in this stock has largely
realized during the last three days on the
announcement OF a per cent dividend payable
In June But the stock sold has fallen into hands
that believe il 20 be per cent investment and
for the first time in several DAYS, after IL sold
AT 90, there appeared orders 70 BUY IL up 'nsl'a"
OF 10 take stock rs IL was offered.
The incidents OF the day, the dealings ana the
results thereof have furnished further evidence
Of the solid character OF the market, ana have
made IL evident that the men back OF 1.-THE
recent buyers-Ore not men OF strnw, or men WIG
do not comprehend the movements Of money.
Specie exports no more frighten theIn than DO
sIecie imports excite and exult. BY the way, we
have the right TO direct attention 20 the fact that
the withdrawal from bank OF ST., $4,000 gold had
no effect on the money market The market
closed n, about the lowest fgnres OF the day. with
the general expectation Of lower prices to-mor.
row Tomorrow VIA be q short day--two hours
at the Stock Exchange, and th' course Of prices
in the first hour, perhaps, viii depend upon tue
disposition OF board-room traders
THE DAY IN THE BOND MARKET
| Government bonds were neglected, but steady
| in quoiain ms IS follows