New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-01
CLOSING PRICES OF BOSTON STOCKS,
cr oo,xo pprCrs on PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Friday July 31-p. m
A variety of causes produced reaction III 'ne
stock market to-day. The ugly rumorS clrc"id'eN
Yesterday were proved to he false; no engagements
of gold for shipment were made; the Chlcaso'
Burlington and Quincy declared us Iesui'i
quarterly dividend of l per cent, ana WINE 'noie
was LITTLE news the mite was not unfavorabe to an
advance Openipr substantially higher, the mar
ket showed further slight improvement III Uhe
earlier dealings The first important moVcmehU ".
nrioes was downward, however, under the lef'u Oh
Rock Island which slowly fell per cent. Nor'n-
ern Pacific preferred was still more dcil,ere'
it sank l per cent. AS the rest OF the n'iNea
absolutely refused to follow these examples 40
became evident that the dealings were que cnle"S
70 sellinn by the bear faction to conceal
bnvin0 of other stocks. The consequent
ralIv was rapid and in a few instances
eniritod Init the majority of stocks after all
failed fully TO recover the losses suffered yes
+ordav and few persisted in following the down.
One Of these was Atchison, which seemed 10
he pressed for sale from the beginning ouU aiter
decline of over per cent II rec ieS prominent
and active. New-YOrk, Ontario ana western mas mas
been recently sagging heavily anu /; ueovn na =, he
nrevious decline Both illustrations may NC
mere incidents, but they tend to support III i a
small way. the theory that our exports OIL pIouts
ucts will be paid for in large part by retarn oi
securities or the stocks that fully recovered
from Yesterdays depression nearly all "ele 9pff.
ciaIties or industrial shares. Less staid III tntIi
movements than the real leaders OF Ihe MAJ nc
they fell abruptly YESTERDAY and raileu WCa LIZ,
zeal to-day Chicago Gas Trust recelp'e iose
nearly 3 per cent, and retained an advance +b pa
ia ner cent There were rumors about the
size of the next dividend but the yagaIles Oh ts
efock need no pretext. Colorado Coal galheG
. "A; and Tennessee Coal "a per cent, anu
hotlI ended at the highest points. Among tle
Ieading stocks Rock Island recovered half OF It's
early loss. and Northern Pacific preferred closeu
unchanged In general, the rally was not MALI
tanned to the end, and the closing was Ianguiu
under renewed selling. 80, aio~,,oi,t
Tho month has been replete win olsappoihyy
ments for brokers and operators 10r Iisc. ~
onened with the most agreeable anuclpauiohs IN
cited bv the usual heavy disbursements oy '1t
Government, and by the apparent certainty Vi
extraordinary drops. Brokers expected iaIet
business and SPECTATORS dreamed OF nagnliceno
nrofts The reality has been far wide OF theSe
anticjpations Stocks are almost lhVarlauS
lower than they were a month ago. anu, III sOnIe
casos fine declines have been extensive, whle
few brokerage firms have earned much more IMAM
their Office expenses.
THE DAY IN THE BOND MARKET
There were again no transactions IN Govern
rnent bonds. and the market was somewhat II
neoular Bids for the l2s were raised Is per
cont while holders Of the As modified their de-
mards bV 10 per cent, and the currency issues
that advanced yesterday lost the improvements