New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-21
CLOSING PRICES or BOSTON STOCKS.
Boston. Feb. -. 1890.
WHAT WAS DONE N STOCKS.

Thursday, Feb. 20-p. m.
The prominence Of Rocl, Island continued 10
be a drag on stock speculation to-day. IL huctn-
ations were less violent however, and after trans
actions, which were nearly third of the total
business in railway shares it closed al ycster-
DAVIS last price. The recent manipulation oil tins
stock has been worked a. a mystery, and, Of
course. the absence Of monthly report, las helped
il. Rumors about the mana cement of the COM
pany and the speculative position Of It's principal
officers have been freely circulated. II las been
suggested even that the company had paid IFS
last dividend before a complete reorganization.
The stock market is 50 narrow that these riiuor-,
III spite Of their authorship, Lafc'hAd great ln-
nucncc on the course Of prices. ILclc u I'
foundation for any one OF them. The company
rcports lis operations only once 20 year. bat there
Is reason TO believe that tuls custom mas Dee
altered after tine close of the present hscu year.
The management undoubtedly Will yield e. mod
ern requirements III these matters. To- answer
the many ruECrs which nave recently hr'h
started would be impossible bat Nc can say
without fear Of contradiction That no prominent
interest in the Rock Island Company. whether
executive officer, director or shareholder, 4ar
sold It's stock, and thai the company has not
sold any uussUcd stock held IN rs treasury u
may be added that n" company j. earning some
thing above its present rate of dividends. HAT
the manipulation Of the stock in these circum-
stances has been skiful Is proved hy the recent
decline, but il Il not impossible that ia some
DrdctlcPS tine rules OF Inc NiffR IAfNdll-f Itt =
been violated. New legislation by the govern
ing committee Oh the subject of bnctrt->hops and
their Stock Exchange connections might be s1s-
gcStcd.
The opening was favoraby affected by the
reduction in the Bank of England rate Of dis
count The closing was made 10 appear weak
by the excitement Of lively fears that the weekly
bank statement tomorrow would SHOW aholhcr
large decrease in reserves. Prediction 81 "a loss
of three or four millions were freely made on the
known movements Of money toward the Treas
ury and from this centre. Whatever the average
showing may bc. there Is no fear Of monetary di~-
turbancc except on the part Of the bear l'ruoh.
Their requirements ~ present do not Ac 30 IBIS
direction The results # the trading, after Il
strong opening and feeble closing, were Irregular
changes The Northern Pacific and allied stocks
improved before the announcement OF a. second
quarterly dividend Of per cent was made, ana
the coal shares were cOnSplcuousN strong pIi
tic other hand, Louisville and Nashville welded
under free offerings supposed to lac for FOREIGN
account and several spcclalticS suffered severely
in quotations Tennessee Coal and Iron for ln-
stance fell over per cent, and recovered only
per cent but the amount OF genuine transfers Will
probably fall far below tie reported tranSactlohs
The trust stocks were dull without important
change. and in general. the conspicuous feature
Of the trading It's strictly professional CHAR
actcr.
THE DAY ~ THE BOND MARKET.
The Treasury bought $2lj,0O0 I per cents NJ
124. and $74. 900 coupon rs al l0l 3D.. NJ
the Stock Exchange there was a moderate huSi-
ness in the latter issue AT II above the toy
crnmcnt price. while quotations for the per
cents were again reduced Annexed are thc clos
/ ing quotations: