New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-18
CLOSING PRICES OF BOSTON STOCKS.
Boston, Oct. IL 1891.
THE BANK STATEMENT.

Saturday, Oct. lip. m.
Bv the operations Of the New.York Sub Treasury
in the week ended last night which included
deposits of S1,Is5,000 for shipment to other
places. the associated banks gained S5,oss,246
The weekly statement published to-day showed
gain in cash of 81 3o0, result exceptionally
consonaut with the known movements of money.
The outflow TO the interior was less heavy than
in previous weeks while the receipts OF gold from
Europe and the disbursements by the Treasury eX-
ceeded $40 10000 The expansion Of So, $4,000
in loans reflected the more liberal action OF the
banks in consequence Of their growing reserves and
as the requirements Of the speculative markets were
not increased appreciably it indicated wholesome
demand from mercantile business. The increase
in the average deposits was larger by $780,
QUO than the other changes required. ana IN the
past two weeks the discrepancy in this Item
amounts to nearly S2,5O0,Ooo The statement was
made on rising averages, and the actual condition
OF the banks ct the end of the business week was
somewhat better than the average showing Inc
result of the changes was an increase or 81
3se, 225 in the surplus reserve and the banks now
hold in excess Of legal requirements $9,O27i 700
against deficit of $34e, 225 in the corresponding
week a year ago, and surplus OF Ssl7,25O ID
the preceding year.
Ths following are the comparative statements Of October
10 and October II: o,- n,,o,aD..s
Loan. SSs Il so SIS Inc
Specie ...... 7o,076,s0o 75,9oo0o0 Inc. 5,s2s log
.SS 4. Ss15sSS5 Rse 5Ss S
e Circulation 1850. 5,ssi7oo $50 100 Dec 50 800
The following the relation between the total re-
serve and the total deposits the respective dates
Regai.sendss So. s7,750,4OO s6,4146Oo Dec 1,SS5soO
Total reserve sO7 s27 800 600 Inc. s4As7sOo
sssins, deposits SOS 1cs2s4sOO Inc 2O97
Surplus .... ssea9,475 80 O2s 700 Inc. g., s9o225
The Clearing House statement is as follows ::
For to-day-Exchanges, 1929 l5S,7SS oaia sSs
Sc, 0s3,196. For the Week-Exehanges S'@4-
255, 614; balances, SS7 ,452,472.
WHAT WAS DONE IN STOCKS.
The stock market lacked distinctive feature.
The volume of business was somewhat larger than
| usual on a half-holiday, but in only two stocks
-Atchison and Northern Pacific, pre1erred-did the
| transactions exceed 10000 shares. There was
naturally no arbitrage trading with London, be-
cause that market was closed before business mere
was begun. The opening was strong, partly rom
sympathy with foreign quotations, but after a
| slight improvement prices yielded slowly, and the
movement was prolonged to the enc; The pup
Ication Of the bank statement was made the excuse
for weak closing because the increase in reserve
was not SO large as many sanguine traders had
expected II must be confessed that If the state,
| ment had been even more favorable, they would
have been forced merely 70 discover some other
rretext 1t does not follow that they All were
arrayed the bear side Of the market, ana PROB
ably prospective buyers helped TO make the clos
ing weak for effect the London market on Mon
| day morning The manoeuvre is not new one
and in many instances it has been emlnenty sue
cessful IL is not improbable that on this oc-
casjon the strength Of foreign confidence has been
Ihderestimated. ,,
The final variations were generally. declines,
but these were rarely more than 1-4al-2 per
cent. Louisville ard Nashville yielded under
realizing sales nearly pei cent and 1t was third
in point Of activity. An exception on the other
side was Lackawanna, which on moderate trans
actions advanced l per cent and, in spite OF the
final weakness maintained one half OF Inc I'M
provement mon racine aho -Nen-Llis 80
Closed IA per cent higher, and ampng the special
ties the Wheeling and Lake Lrie stocks were
conspicuousy strong. ,,,,
THE DAY IN THE BOND MAKhEI.
There were no transactions IN uovefn aIl'.nS
quotations as follows: