New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-27
CLOSING PRICES OF BOSTON STOCKS.
Boston Nov 20, 1890
THE FINANCIAL SITUATION.
Wednesday, Nov. %


Dnrinc the last few days there have been more
or less talk and some publications about prob
ability of gold exports 1t is easy to trace the
source of all this suddenly developed fear in
regard to small possibilities. Ii is directly con
nected with the managers Of the manipulation
of values at the Stock Exchange. But II is sur
prising THAT any writer should dare TO assert that
the rate for exchange is close up 10 the gold
exporting point. when II really IS J.? cents
per z below it, and that az 4 time when for
peculiar reasons the exchange market IS demora.-
lied. The danger ol gold exports cndei al the
time when the iianl; OF England found II cheaper
10 borrow $4,000. 900 from tie Bank of France
at per cent than 10 attempt TO force the move
mcnt of gold from tins country. Inc hIsh rates
which for the last TWO weeks have ruled here
for cables or short sight bulls on London or IdIlN
hut which have net Vet touched the gold export.
ing point. have been entirely due 10 @cneIdl
indispOSltOn on the part of hanEerS Ia ara" CHECKS
upon their foreign correspondents, ant because
mauy houses would not draw at all Even with
the more settled feeling that is prevailing now
the difference between banncTs' 'p-daN ana seli
sterling bills is ; cents pee :, 81 at the rate OF
i per cent per annum. while the open market rate
tor discounts in London i , II per cent
While money al the stock Exchange Is grad
ualy working easier. and The Clcaf!n- ilous' al
ready has begun II contract ITS 'ledilh- Iiou'c
certificates there are not vet any indications "f
d return Of the S3o000 900 Oi money when was
Withdrawn from circulation aud locked up. The
people engaged in that Transaction w!ll he a. care
full ia returning the money To general circulation
not % carry an anisc-seed bag Tor The MOUNDS -
follow, as they were in the original Withdrawal.
IL is an item of some importance thar the hrm
OF stock brokers which for the last TWO or three
years has been the largest borrower ~ StockS-
among them 20. 900 shares OF ~. Paul since June.
1857 and a large dmohlt %, Rock Island for
eighteen or twenty -four nonths-aitcr four WccHs
OF backing and filling, buying ana selIns. Nc'-
terday closed up the account OF short stock
We not permitted Z know for whom ms
short account has been carried through all
the changes OF thrty-sX months. Any one NAV
guess according TO his fancy. But - II reason
able 10 suppose that hi, immense short interest
in a single office finally closed until after other
Offices for the same Interest PAD accumulated Il
large line OF stocks for the long interest We
only make the suggestion and H. connection WIN
tO-days marhet 1t is worthy OF attention Noh
speculative point.
THE DAY IN TIE STOCK MARKET.
To-day's market must be called dull, because
the transactions in listed stocks amounted Ony
TO 244q7s shares against 2s3313 shares ycstcr
day and 409.11o shares on Monday. The open
ing of the market simply betrayed tie general
disposition of the average operator at The IN
change. They held to their assumption that Yes
terdays late declines were only the beginning Of
decline 10 lower figures than Vet had been touched
that the powers which had forced the dcnoralza-
tion had not vet accomplished their purpose, and
that they were chasing profits Of : or 4 PER cent
on their late purchases. II is hardly necessary to
detail the transactions, but il j. well 10 refer
10 Chicago. Rock Island and Pacific stock which.
since il sold AT 81 IL last Friday, has been the
favorte short" sale for average traders 80 thcy
sold IL at 81 "A this morning. against GS "a last
evening, and later wondered why H. sold up 10
Il 3-Aa11 Is. when Mr.. Gould had not yet Oh
tanned control of the COMPANY. ST Paul went
on from IL - 10 H. and later sold AT - 3-ai3.
Some wise imni SraQts from Chicagr reduced The
pricc obtainablc by the Chicago Gas Company
from s. % 10 ~ per 1000 feet and sold the stock
of the company down from - IL 10 81, and 1t
the close were looking for sellers Of il at - "a
The whole market made material Improvements ia |
the last alf-day. and that without excitement |
or booming characteristics II was simply ease |
Of an Absorption OF early sales. and scarcity of |
stocks when the carly sellers attempted 10 rccoup
ndeI ordnaTv circumstances II would he safe 10 |
saw that to-day's late advance was too radical 10
hold But as The late conditions Al the Stock |
Exchange were the result Of force, were nm |
natural and the results Of a wicked combination.
there exists no precedent by which the market |
may be measured The whole market closed |
strong al abont the highest prices Of the day.
THE BOND MARKETS.
There was no business done in Government
bonds For the per cents the differences be
ween the bddin: and asking prices were wldcncd
. per cent each way. Annexed are the closing
quotations.