New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-10
CIosING PRICES OF BOSTON STOCKS.
Boston, Nov. 8, 1891
WHAT WAS DONE IN STOCKS.


In any attempt to interpret To-Day 7'o0~
sneenlation. the fact must be borne In miho tna'
the professional element is now dominant ina'
element, as it is now represented Dy agsivSie
orsrators is committed TO the bear side. While
circumstances favor it at the moment ~ hnus
a Suspension of buying power that waits Ior
revival only upon an assurance that the un1aVor-
ohio featnres of the situation have nearly speht
their force and il is certain that large SNORT
;n+e,est exists which would find 1t dimcuIt 10
oo,,or Contracts were there to be cessation VI
accidents To-day, however, the bears hau carry
control and they were encouraged at the OUTSET
in attacking values by the unanlihty oi o,ie
press cables in testifying TO The slfaiheu oonu1
ron NJ the foreign financial markets. III Is sur
prisine that the activity In speculation was aVV
moro snirIted and that the foreign buying wHie
not able 10 avert general dulness. should nave
axceeded the selling. Houses with foreign CON
pections oontended that the situation ABROAD nau
been exaggerated, but against this view was INC
continued recession in British consols and french
2 DER cents. The European sltuauon may .rr;
unsettled but the effect upon American secuI l-
So in the end should be favorable Inc eIochs
sold from necessity Will pass INTO tne nd hno 20
foreigners who appreciate the coholtioLs hidT $50
full Of promise III spite VI o'eH f'
ivy s,niy few stocks were entitled to be called
active TODAY Of those WHICH envy ~
tional market AtchisOn showed the most re
inctance to decline it led the list IN point VI
activity and lost Only l-2 per cent neu snHMihs
a Stubborn resistance around 40 against salss ny
Dromipent bear brokers. LOUISVILLE alQ .I ,
Vile is down more than per cent, anu NoltiIeiH
pnnfc preferred broke more than per cent
both being in the active list. ST. Paul ranked
NEXT 10 Atchison in point OF business; put lts heo
decline vas only 1-2 per cent &c.,, -,
Effective bear work was done IN Senfal VI
New Jersey. which declined more IMAM PEI ceiiO
on the theory of coming dissensions IN the an an
tbracite coal trade because OF the transfer OF Ue
Coke Bros contract from the Lehigh valley 70
the Reading The lastnamed stock fell from
"a 1-2 10 "a rs, but ended at 35 "a, against
SO Is Saturday noon: Laekawanna 1e!i from
1877 IA to 1875 "a, but recovered 10 l3o Do;
TE only other significant losses are 10 be found
in Erie and the Vanderbilt group. but only 10
Erie was there any trading Of Importance. ihere
was no unfavorable news from Boston, ana the
arrival OF $4,000 gold by the European
steamers over Sunday still leaves about SZ,2OO,-
600 in transit TO this port. Money rates were
lower and the decline in the foreign exchanges
was the result of renewed offerings OF bankers
bills as we'll as Of az increase IN the supply OF DIS
drawn against grain and cotton exports Inc
favorable home situation, however is still obscured
by fears of what may grow ont OF Foreign com
pications and the market closed unsettled' NOT
understanding rally from lowest quotations
THE DAY in THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange. and quotations were steady without
change as follows: