New-York tribune., 1890-07-12
SILVER
CLOSING PRICES OF BOSTON STOCKS
Boston, July II. 1890
WHAT WAS DONE ~ STOCKS,

Friday, July lip. IN.
The prola-cc gold export by to-morrowS steam
ers is 81 100000. although only 81 100000 had
actually been taken from the Assay Office at the
close Of business to-day. Thus fall 70 the ground
the absurd speculative predictions of o shipment
Of at least -. .O0O,O 900 by to-moTrowS steamers
and the silly tall, of the Bank Of England having
determined TO import $5,ooo,oOo gold from this
country. The Bank of England does not engage
in the business Of importing or exporting gold
Sometimes. 10y its rates for discounts, II forces
private bankers 10 import gold and at other times
its rates make II profitable for private bankers
20 export IT, And this brings rs night mp 10 the
story that Mr. Willard yesterday was seller OF
Northern Pacific preferred stock on lis arrival
in London because lie probably yielded 10 tie
fears Of monetary Stringcncy that have prevailed
in Europe for some time Now, yesterday trans
actions in Northern Pacific stock amounted Only
to $500 shares; the price declined from - *
to 81 ii. making decline for thc day that was
almost a parallel 10 the general declines from best
figures for the general list. Simply imagine the
Importance o1 Mr.. Nillaro's liquidation OF his in
reresi in Northern Pacific preferred stock III mar
;et that records sales Of Only $500 shares, and tie
ahsurdlty Of the idea that 100 shares were sold
for his account becomes apparent. THIS brings
rs face to face with the fact that large part
Of the last three days selling by rcpuicd arhltraSc
brokers has been on orders from nome bears
aIlPgcd brokers OF London INNS were ciHploNcl
Tor eitct-to show that Europe was selling Out
II is an old game but never before was II more
clumSily played than II was this time = he IN
tended dcceiVcrs were the only ones deceived.
To-day's stock market, measured 10y the re-
cordpd TRANSACTIONS was less active than was That
OF YESTERDAY In the general department the
business aggregated only llO,lss shares, against
lGS l34 shares yesterday. Bui-aud II Is hl%
but-there was a tone Of strength underlying thc
market that was inconsistent with the general
outpivine Of this mornings financial articles.
There was a sad failure 10 connect between The
points given and the actual conditions. The mar
ket ought 10 have opened panlckN u nave pc"h
in accord with the point iurnishers Dut IN
stead il opened mp 50 that last evening Closing
prjces looked low. With dulness, which conlln-
uay we are told means lower prices, there was
steady appreciation in values, subject 10 nuctna-
tions Of IA per cent, till the very close "l Inc
day. II not booming speculative market
but Legitimate response 10 modcrat" dcIhaIidS
and o smaller supply.
The Chicago principal Office Of imaginary re-
ports to-day reduced the salvation OF thc corn
crop in Nebraska 10 n limit Of two DAYS for
rainfall and vet Union Pacific, with total s1les
Of only 200 shares, closed 3-1 higher than IaNt
evening. II ought not 10 be 50, because "hab
Chicago don't know about stocks-0nd II always
tells the TRUTHS not worth forgetting. 81. Paul
also records n final advance Of IS per cent l'y
the way, the 81. Paul Company starts on wei lot
that predicted heavy decline in July by snow
ing of SIS 900 gain in gross earnings for TIE irSt
week Delaware Iackawanna and Western was
special feature in the dealings. ana rose IRON
l47 IA to IA Ia That stock at me moment is
almost alone in receiving the supnort of a specli-
lativc interest. The general market he's 10 'aHr
care Of itself, and il is doing il very well, despite
the fact that the leading professionals axe enlisted
against natural advances and the current large ana
nroenerous business. The rlict closed dull but
strong
THE DAY IN THE BOND MARKET.
The Treasury purchased $4,000 4 IL per
amounts of As sold at l2l 3-4. Annexed are the
closing quotations: