New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-19
CLOSING PRICES OF BOSTON STOCKS.
poston Tune Is 1890.
THE STOCK MARK ET.
STOCKS

Wednesday, June Tsp. m.
II was a purely professional stock market, tha'
of to-day. II was full verication OF the pre-
diction made in this column four weeks ago oil
what would occur if the governors OF the Stock
Exchange failed TO discover and put In operation
some method of relieving its operations from the
dcmoralizing influences Of the methods when II
permits in its unlisted department AS ceI-
tainly as eject ever follows cause, has dulness al
the Stock Exchange taken the place OF an actlVe
speculation, because the majority of operators
not prolessonal-have taken fright at the methods
which the Stock Exchange sanctions IN It's ui
listed" department. We have no desire 10 IeIfdt
thad most dismal of all sayings We told you So
but we have right TO refer TO the record, because
il was one So clear that IL ought 10 have pecn APP
parent 10 even the ObtuScness OF The governors ol
the Stock Exchange. IL IS a poor student IN
medicine who fools with well-deNeIopcd cancer
good and scientific surgeon does not hesitate I"
apply the knife, because failure only results IN
the same thing as "a do-nothlng policy. lhcTe are
no surgeons IN the governing board oil inc SlocH
Exchange. They wish there was no unllsleu
department.. but they dare not cauterlze II, he
cause it might hurt some one or two important
clients. ..
on Monday with transactions in listed stocks Of
only 66,2ss shares, and on winch thc pc'Is
have built their operations OF yesterday an" 10
day They refer 10 Mondays record for eTl-
dcnce that there was no demand for stocks. ~
WAS an equal evidence that there were no real
stocks for sale Since then, however, there ms
been q free supply Of contracts, SO that To-Day
business in listed stocks rose 10 2,43O shares
with all the sales made at declining nguTcS LAKE
Shore and Wheeling and Lake Ere are eA.
ceptonal in showing no final declines IN inc ihs,
sales Bu, aside from the liquidation on Tie
mart Of board-I0Om traders there were few stocks
sold to-day that were not for an account that
cannot he closed till they are bought back. In
other words the previous large OUTSTANDING
short interest was largely added 10 by the days
operations.
toned which gave the market hgnTcs ZEN IN
porarily 10 any aggressive force, there was the
idea inculcated that the Senacs action on the
silver coinage forbade all hope Of any SILVER
legislation AZ this session Of Congress, ana theic
was the further shipment Of $4,000 Cold. rs
10 the silver legislation are not wise enough
10 predict BIT It's prospects have not yet been a
factor IN the mining loutsdc OF silver, mahuIact-
uring or speculative markets And probably some
silver bill will pass that viii add something 10 the
result Of the existing law which adds S36,00U,O00
a year 70 the legal money Of the country. Inc
gold for shipment by tO-mOIrows steamer was
Withdrawn from market and bank to-day. and Vet
money was IN excessive supply al J per cent
The influences, including the extreme dnlness,
which are temporarily influencing the markci are
purely local. md as temporary as are me lncas
Of the sellers Of stocks The great problem whlch
again will rule. even NJ the seat of Ignorance
tic Stock EXchangc-reipains unchanged. The
country is cXtrdyagan'ly Prosperous ana the rail-
roads continue despite war lctWccn speculative
managers, 10 report phenomenal gains Inc ~
suit of the accumulated short" interest," ana 81
the general conditions may not be developed
to-murr0w or within week. hut the c"nflhraI
booming" arising from Yesterdays anu 10
days short selling, is as certain oS the rs'nf
Of the sun. Yet the market closed TasSeu al
about the lowest prices
THE BOND MARKETS
The Treasury to-day purchased only 5000
pcr cent bonds at l22 and 500 II per cents az
i03 Al the Stock Exchange no business was
done in Government bonds and the quotations
were steady as follows: