New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-12
CLOSING PRICES OF CALIFORNIA STOCKS
L,rn.an IsnD Ii lS.Nl.
TIE DAY IN THE STOCK MARKET.

y
4 continued manipulation OF the local money
market. and a continued supply oil eXaggeratiolS
Of the conditions and possibilities of the strike Of
laborers-unskilled al that-on the New-iork Ten
tral and Hudson Riyer Railroad were the prn-
cipal factors in to-day's stock market. Except
for the sensational accounts which are given OF
fine strike there is not n doubt that IL would have
been ended in twcuty-four hours. As an illustra-
ton If the use made Of il AZ the Stock Exchange
Sc cite a story told in one OF tie morning papers:
Inst after midnight all the locomotive iremen
member, OF the Brotherhood OF Locomotive Fire
men, on the Hudson River Division OF the New
York Central. joined the striking knights OF La
Dor BY one Of the local news agencies this
flSr statement was repeated, with a quotation ana
-crt ont as a fact before o o'clock. That agency
did not find time during the whole day to correct
~ DENY the false statement. 1t is 10 the credit
Of another agency that il did before 10 o'clock
.rud out tie following
Grand Central Depot Special, 0 :20-Mr Webb
authorizes the following statement: Neither the
iremcn nor the engineers On the New-lori; Cen
trai have struck. rs some people expected them -
10. Ia fact We are getting hourly into better
wor1lu- trim
II would he Interesting to know the actual
ilctS Of the relation ot this strike TO stock
speculation. The general evidence 4 a direct
not hc formulated into l"ga1 evidence except
through an Investigation clothed with the power,
OF "a c.islatiVe committee. Certain II l. tAaV
tAc confidence displayed by certain largc oPr-
ators for decline a week ago Is less mystery than
II vas. Perhaps II might be we'll for the strikers
TO make IN lnteStIg CATION rs 10 the speculative
interest OF some ot tDrlr leaders and look for
the link which connects them with some IarSc
operators. An Investigation could do no harm ana
u might open the eyes Of some dupeS, VINO, "hilc
pulIU- tie fiddler, never d. any Of the dancing.
IOE
Of tlc crops, which. II II shows anNthlng, shows
that the grain crops Of this year. while below
The abundance of last year, are likely +" exceed
the average Why. the farmers are nov obtain
INK for the remnants Of the old crop Il cents
more Tor corn and - cents more for wheat thah
for the early deliveries of last year, ana, II tAc
receipts mean anything, the present prices Tor
the old crop ara entirely satisfactory Inc gram
receipts at Chicago to-day amounted 10 ~" cars
and The receipts Tor tomorrow are cstlmnrd' from
odyico> received tn De- LOCO cars. do our read
crs TAX" IA the size and significance ot such re-
cripts. principally from thc old crop
The monetary situation Is such tHdt maliPu-
latlon Of rates I'M the local market ~ the Nt"'N
Exchange with the cNlstuG laisc sentiment re-
gardlng a rule OF - pcr cent reserve LOT 'He
National banks is the easiest thing lmn'Ih""I'.
The wires flash all over thcN country that m9hr[
IN Ncw-l Or< l. - per cent, "hlle not rII'"ur
u this city paying over pr cent ON DlN lo'ilS
and hardly lilo OF per cent of brokers loans ere
drawing much rs per cent per "uHuu'' iuV
money market has been depleted Ss,5o"ou" 10y Idl',
gold exports because the Treasury freely 'HIh'd
Oui gold bars on Inc lemAul OF lol'l-i "'N'N'''
long as they called tor them. having WiN VI.
rrcry aided To impoNcrlsh the NcW-i3IN LlourS
market, the Treasury now lnds ltsfu HtlPrS
10 apply a remedy from its alleged snrPi"s ol
s1oj 600 900 hrrorSr of the small bond over
ings line fact that the bond oHrrlhSS ~ ~
small AT the very liberal h,urcS ~hich the It's
ury is willing To pay for bonds onlf SHoMS ',M' i
the holders Of the bonds, both lndINidUaiN oht
institutions, do not believe IN tie present rates
Tor moncy-wc mean per cent ana NOT q 20
per cent rate. The NanderblIts are sup
L.Il lpf
not accept l2i for their per ems; ~
rcinveSt in such assured securities as w T,L
Central stock at l06. Lake shore al l"", .r"l."
western a certain per cent stock. at los - ana
Biz Four common a certain 1 per cent sloch' ~
Co. II is not 10 I've expected that other hIl NluutlS
institutions Will take the lead IN h'N1"E i,'S
exchange But perhaps that eNchaIlIe II Ao'1-
ON NJ this moment. only the bonds 'anh"t ne
offered 10 the Treasury till after the stocks nave
been secured in weak market such 10 we "''
now having.
Dcspitr thc heavy pressure u sell stocks all day
little prorrcss ANYWHERE was made toward marhlh-
Il lowe plarc of values All the Nanderhilts met
with better support by the presence 81 OF riS
10 take offerings without marking mp pres
Atchison WAS banged all day. and rs closing hGuic
was Only 81 lower than that OF N't4riaN, 81
Pluls gross earnings for me Hfs' "crN III N"-iSU
came in the largest for the same week IN me
company's history; but il was the signal 10 marx
the price of the common stock on l.? per ccnt ana
hold il there 10 the clos. making the "erllht l3r
the tAv Is pPr cent. Union fac!nc was severely
attacked and after "A decline of | IS per cent. II
closed with a recovery of only Ia per cent. ten
orally TN" final changes are small ana IN some
instances they were gains We are constrained 20
quote the CLOSING : strong. despite - per cent
for money and all the other damaging reports
THE BOND MARKETS
The Treasury purchased $4,000 per cent
bonds nj - and s. 800 - per cents at 1903 Sd
At the stock Exchange no business was done IN
Government bonds, ana Uuot'tions were as follows