New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-11
CLOSING PRICES OF BOSTON STOCKS.
Boston, September 10. 1891.
WHAT WAS DONE IN STOCKS.

Thursday, Sept. 10-p. m. ,
The energetic efforts put forth in favor OF
reaction in stocks resulted merely In checkin9
business in all departments Of the Stock Exchange
+o-dav The transactions in shares amounted 10
little over 100000 shares, a shrinllnge OF more
than one-fourth from the business yesterday, ana,
while the decrease in bond transactions was nOt
en- large. that market suffered from pure syinpa-
thv with the speculation in shares. Inc conl-
narrative dulness was o fresh and convincing PROOF
of the confident temper of the pubnc, ana coh-
seauently Of the inherent strength oil the mar
hot Recent BUYERS of stocks evidently are not
TO be frightened easily, and for that reason II ior
no other. the schemes of professional operators
are likely to come 10 naught Although large
blocks of stocks and bonds held for sale there
has been considerable distribution in the last
few weeks and such declines as have been SUI
tered to-day are source of satisfaction, because
they demonstrate that the recent buying was
genuine and intelligent. The market, III ou i
Words has become materially larger and broader,
and there Is every reason to expect Chat P9pllc
interest will continue to grow until lts Iorce
becomes irresistible -. Gov
money was supplemented to-day Oy the common
pxpectation that the Government crop report Ior
August would show poorer conditlon Oh COIL ori
mis- led to an active selling of the Granger anu
Western shares, and there Is no doubt lnaU inc
short interest in these stocks was enlarged by the
DAVIS operations. Inc nnal deCnntS IN lhle BlouP
were about 3-s per cent but St Paul was strength
ened by the heavy increase III It's gross earnings
for the first week in September and II closed the
same fraction higher after declining nearly per
cent from its highest point Other large gains III
earnings were reported by the Cleveland, Clncln-
natl Chicago and St Louis, and the Toledo, ST.
Louis and Kansas City companies. The earnings
that are printed daily will repay careful attention.
for The Tribune alone makes comparison with
two preceding years.
Aside from the Western stocks, the movements
oft, To- NOR CniFltp6 anthracite
coal stocks were inactive, but heavy although
they Were not pressed for sale or the Wander
biit stocks Canada Southern added another
While New-York Central and Lake Shore
after early strength fell with some abruptneSs
i'm the closing dealings. The Northern Pacific
stocks were unusually active and strong, but
North American suffered about the average decline.
Again the final variations were fractional losses
rather than gains but the movement was not
uniform. and the closing not weak, although few
active stocks ended at practically their lowest
figures. The Government crop report was not
published until after the close OF business, in
accordance with the custom of the Washington
DEPARTMENT and its effect on the market will he
watched with great interest Together with the
lower rates of foreign exchange and the possibility
of fresh shipments of gold from Europe il will be
likely to render abortive any attempts 10 manipu-
late the money market at the end Of the business
week.
THE DAY IN THE BOND MARKET.
There were no transactions in Government
bonds. and further reduction in the price of the
4 per cents failed TO excite demand. The market
closed weak and at these quotations.