New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-06
CLOSING PRICES OF BOSTON STOCKS.
Boston Dec. J. 1890.
TIE SOCK MARKET.


The known movements Of money for tho cur
rent week indicate showing by tomorrow 5
bank statement of q ar,c loss in cash. But there
is the unknown iacor Of a money manipulation
which forbids the mixing Of any estimates If what
the statement may low If II does not snow "A
considerable less of ash, il will be because some
part Of The money Nich has been locked Up for
speculative purposesias been returned TO the gen
eral circulation. 1Oloys call loan market for a
Friday was u'Isuall easy at Cat per cent. That
may or may not ne a indication of the artificial
movements in none,
The days rumorsof engagements Of gold in
London for shipmcn'bY tO-morrows steamers 10
the United States sem 10 have been little too
previous" No coiirmGton Of the rumorS
could be obtained. Yet. at The going rates
for sterling cNctage. imports are now per
Missile and sooI will follow if the rates for
exchange do not tdyancc, under present
conditions they IRE rot likely 10 do in the i'm
mediate future Considering our late heavy i'm
ports Of mGchndsc and change in the silver
movement br bur months. from a S7,O00,00 net
export last yGr 10 net import of $500. 900 for
this year. thee seems 10 have been some grevous
error IN the publications that nave been made
relative 10 he large return OF American secuTl-
ties from rope. There always should be
distinction Gawn between London selling OF
NeW-l ork ri the selling which requires the i'm
portauon the securities from abroad. One
simply ants the local market, like III, buying
or selIlng Boston or Chicago In tbs market
the other dects The international exchanges The
exchange hrkct during the Whole Of the last
month haslot at any time indicated any III
pOrtant mPmcnt Of securities toward New
York, and tire probably never was month when
less anou OF returned I0-share certificates
have passed trough brokers' Offices on deliveries
than dnrlnghe period Of the recent depression
Yet the tal6f foreign sales in this market has
been one Of he factors toward making tie de
preston whl( has occurred.
Io-day stk market was opened oil from last
night cl0slniigurcs. There was not an item 81
news pGDIlShfln the morning papers that was not
conducive II opening at higher figures This
simply shows ne. power Of manipulation which
for the time ing IS ruling not only the market
but also the n,ds Of thousands Of capitalists who
are standing aund n picN up bargains bat who
arc paralvzed the figures the tape shows them.
They have thcloncy for their purchases in their
pockets, but demoralized 10 find that stock |
is selling ! o2 per cent lower than they in |
tended 10 pay That class Of people will bc IN |
important fact when all the clouds have rolled |
by ana prices c 10 per cent higher than they |
now are. Tht the opportunities 10 buy such |
stocks Big FIR At - -, Chcsa peal Ike and Ohio
first preferred 40, Rock Island at 20, Blrne |
ton and Quinc at 81 Louisville and Nashville |
at y u, Moran Pacific preferred at 80 and |
by, and we shl he told that they are n safe
purchase for ipstment and for speculation be-
cause the situa'n has cleared up. There is ono
fact that needs be kept in mind all the time
and that is thathc whole of the late dcprcssions
lave been forccfor the single purpose OF buying
socks. IL Is n time 20 huy stocks on merits
and not on monllation Is such stock selling
beDw or above value is the only question for
an investor. Wthcr or not manipulation will
further deprcss price or per cent is
problem which 4 one %utside can solve. II the
merit is there, II time 70 get in and stay.
Aftor midday p temper 81 the speculation
changeI: that D there a progressive i'm
proyement in The lucs which carried prices gen
orally btck Ia tbonlast evenings closing figures
IN some instances hher-sO that the final changes. |
except in Union Pace and Northern Pacific. were
IRREGULAR and hsiaicant. We shall call the
closing firm
THE DAY IN HE BOND MARKET
There was no lns'ss reported in Government
bonds The nominal rotations are steady as fol
lows: