New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-10
CLOSING PRICES OF BOSTON STOCKS.
Iau a 800


Thursday, Jan. Up. m.
Relieved from continuance OF the raidlnS
and washing of the coal stocks, to-days stock
speculation was dali and insipid, but altogether
the market strong in tone and hgures Inc
total recorded sales Of listed stocks AT tie Stock
Exchange amounted only TO l6ol16 shares,
against 3s2,5s7 shares yesterday, when the
bears" in the market were engaged IN multi
plying the volume OF business by matched Orders
PHILADELPHIA and Reading stock continued 10 he
the prime factor in the speculative situation.
The question Of interest the first incomes Is
still unsettled The Wall Street bear news
agency was unusually enterpr ng IN obtaining
specals from Philade phia upon the SUBJECT, but
u added not one atom Of information 70 the
senexal knowledge Of TIC situation. lie news u.
could bav, been as well written in the northern
confines Of Siberia and credited to Philadelphia
Ms In New-Iork The question OF lneres on me
earnings Whatever earnings up 10 Per cent
on tie first incomes anu 50 on 10
the seconds and thirds must be pad. me
manacrlncnt has no option IN the matter.
II nothing has been earned Their, is no Question
of borrowing money 10 pay unearned lniere l.
Il is question with winch neither bankers
nor voting trustees have "a rl-ht 10 exert any
influence :: The interest Is due from earn
Ines. II made and must be paid; If not earned
nothing is due Any interference 10y either p1hh-
crs or voting trustees Is al lnloleraOe lmpeIu~
hence VIII ,h would not be submitted TO by a
management competent to run a New-Enghnd
pig-pcn But the philadelphia spe LIS were
well calculated 10 keep the market Tor heaolhS
securities in a feycrish condition Yet keadlns
stock after 81 5-s closed at - LIDS hlg er
than yesterday-and the Transactions IN II "er
only -. 200 shares against l9o,VVV Yesterday,
The stock loaned for delivery al 10 ao-o4'
premium II the regular monthly reports of the
earning, Of the Coal and Iron Company had been
continued. there could not be any sdth I"es' 40
or doubt whether or not interest had been earned
ON the income bonds Whether or not any IN
icrcst is paid them, the voting trustees VIII
hr held responsible Tor the reelection OF a mani
nrmeut which works sensations IN tic stock mar
krt Probably II is impossible To make change
that will not he an Improvement
The dealings in Delaware, lackawanna ana
Western were less than oue-hall those of ycsicr-
dav and after selling up to l3S 3S, It's hnal price
of - B., a gain Of Il per cent Yesterday
sellers Of 900 Lake Shore stock down 10 lOt -
were looking for opportunities To recoup; with
transactions OF only 1900 shares the price rose 10
lO5. This is an example Of the general sltua
ton in the whole market. WITH an entlre lack
of bullsh speculation, II Is easy TO drNe prices
or The attempt 10 recoup invariably results
in the marking of higher figures I'm active
speculation. if 1t eNistcd-it does not-would
nuirkly mark a higher market value for Lake
Shore than that ruling for the eli iucd stock
of Central Of Ncw-Jersey. On lis merits 1t -
worth more than Central of New-Jcr>cy, be
cause after retiring $4,000 OF MS bonds each
voor II earns more per cent for lis holders than
does Central Of Nev-JcrscN on Ms stock, with
bookkeeping that needs T. be- examined. Sp ak
the market but IT ruled firm in tc'e and prices.
The unlisted department furnished new SEN
satiou That special pet of the governors, in
which. notwithstanding the danger signals"
man may deal in 600 600 shares at cents per
roo shares or for nothing. while il costs So IL
ia purchase or sell 100 shares of listed stocks,
kept mp its reputation for dcmorozer Of the zen
cral business To-day il was the sugar trust. which
from "a IA declined to 81 5-N at the close. We
to-day have listened 10 much abuse Of the trustees
Of the sugar trust-nOt one word of which is war
ranted by the facts. The sugar trust is a private
copartncrShip. II never has made. and never IN
tends To make an official statement OF lis affairs
This was as well known when the certificates were
selling Mt l26 as il is to-day. II any wants to
hurl curses on this subject AGAINST any owe let him
strike hard and often at the head of the crime.
the governors Of the Stock Exchange. who cave to
the MANAGERS the privilege of market its floor
of private copartncrship As business trans
action il probably exceeds in docv any rcco"d Of
history. The unlisted department is daily killing
the legitimate speculation. But the president o.
the Stock Exchange with h'audncss that sounds
very Gouldish. says: There is danger signal
the fact that Won NAV deal at - commission.
for nothing in those stocks should not induce you
to skate ON thin ice.
THE DAY IN THE BOND MARKET
The Treasury purchased $27i,300 bonds:
per cents $l3l 900 at 1875, and = a. 800 1 IL
per cents at lOi 5-S At the Stock Exchange
the business in Governments covered by sales
OF currency IS at lls 3-i Annexed are the
tuft,