New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-18
CLOSING PRICES OF BOSTON STOCKS.
Boston, Nov. II, 1890
THE DAY IN THE STOCK MARKET.


To-day's stock market when one bears In nina
the scare of Saturday, developed strength that
few anticipated. 1t was natural to expect thaV
Saturday mornings scare would to-day develop
numerous failures and complications arising ont
Of brokers attempting to protect their loans re-
CARELESS of their clients accounts. But only TWO
failures occurred account OF saturdays de-
clines. The failure of Mills. Robson & Smith of
course was due to stealing by one of the partners
For the firm it, of course, was unfortunate that the
discovery of six years stealing was made at
a time of so great depression of values. The
necessary liquidation of honest accounts had 10
be made at extremely low values, and affects the
firms liabilities just the extent OF the difference
between values in steady and in demoralzed
market
The stock market opened feverish and unsettled
It was. of course known that there was TO be a
liquidation of Mills, Robson & Smiths accounts,
but there were fears of other forced lQudatons
growing out Of the frightened selling of long
stocks by brokers early Saturday morning. That
was an unknown factor in the days market and
the mystery of it checked operations. Fortunately
day. that Of Randall 4 Wiernm, early. and after.
ward that of Gregory, Baliou d Co., neither OF
which was Of anything except local importance ee;
The market was comparatively dull, the total
transactions recording only 3l5,3s9 shares in the
general market, against 3s1, 1855 shares in Satur-
days two hours Of business and $500 shares III
While the whole market in its dun'ss, ana
despite the forced hquidations Of the three
wrecked firms, developed a steady strength, a
fackawanna and Western stock. After opening
at 1876 it declined to 1914, and later rose 10 $50,
and closed at l2e 1-s. while in the
loan market the stock oomma pnoea ny Ssh ,be
stock is more closely cornered now Than
it was when thu. price YVES l45,, but 1t would NC
highly preudcial to the general marst TO io P
cific. in the early dealings, developed seeming
weakness and declined from So 81 to 81 IA.
l. closet Of 81 G asslnsSf 81 SS Sa oatSn
of that kind, and It possesses no novelty Atchi,
son fell of from &c 3-s to "a ga, and closed at
81 L. Northern Pacific preferred opened at
a59 North American ruled firm at l l-4al? 1-2
Big Four opened at So IA, and closed at 80.
against 81 Saturday. Considering the general
uncertainties of the situation, the whole mar
let. after the first depressOns ruled strong and
made steady and progressive appropriations.
Silver certificates sold at 1ooalOO 3-S AZ
menace against the general speculation that 1t
was when the price was rising from ] 10 TO 100
To-day the Treasury purchased its silver at the
lowest price il has done under the new law, and
nr"bably At about the bottom figures for it. But
the quicker the Stock Exchange forbids the deal
ing in any merchandise, and particularly in silver
within its DOORS the sooner Will 1t return TO- It's
proper Functional mart for securitles-and clint
nate from its quotations articles that are easily
manipulated to the general disadvantage OF its
clients 1t will not do it. any more than it will
dispense with it's fraudulent unlisted" depart
ment, which in public estimation las dscredited
all dealings at the Stock Exchange.
WHAT wAS DONE IN BONDS.
There was no business done in Government
bonds The bids for the per cents were reduced
l-2 per cent. Annexed the closing quotations: