New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-07

WHAT WAS DONE IN STOCKS.

Tuesday Oct. 6-p. N
A distinct abatement Of speculative aouVU
was the prominent feature of the stock market
to-day. The recent reaction naturally discouraged
outside buying, and control of the market 70
certain extent has fallen again into the hands
Of professional traders The comparative qulel
is a bealtbful sign. because interruptions would
not be permitted if the advance were simply the
result of skilful manipulation. 1t is another
evidence of the natural character Of the present
movement An equally satisfactory feature Of
the market was the fact that dulness followed
declines in prices. The realizing sales which have
marked the trading in the last two days, have
been borne with calm equanimity and renewal
Of public buying may easily be stimulated by
temporary lack of excitement. The principal sell
ing of long stock was for European account. The
London market was affected by fears Of higher
rates for money, and by rumors of fresh financial
troubles in South America further advance
in the bank rate Of discount was expected on ac-
count of the continued outflow Of gold 10 this
country. but il is unlikely that a moderate al
vance will check the movement. except Temporal
rly 1t would instantly lower the rates of eX-
change here and, 50 far as the uade
of the two continents rs concerned, one
influence would offset the other In fact'
the movement of money he checked
onIv bv continued selling Of American SECURITIES
held abroad. and they are at present the most de-
Eirabe investments whlch european caPl'aI ar
secure The outward flow of merchandise is con
timed on large scale and the exports from thls
norr in the last week fell little short of 81 OOouOp
in I-alue These must be paid for In gold. II THIS
country does not want goods and European holders
will not sell their American investments. a CTS
sation of Qod imports may be regarded, therefore
q highly improbable contingency. 10 what ue,
gree the foreign markets are liable 70 De dlsUurDeu
Nv renewed troubles in South America cannot ne
known although it is reasonable 70 suppeSe una
rho seyerest losses on that account have already
been suffered -.
rbe carly dealings were on falling prices eut
. STEADY recovery in the afternoon left the general
nerket virtually unchanged at the close. Inc
Ell declines were more numerous than the al
vances but they were not over l-9
rer cent and almost invariably the LAST prices
were better than the opening ones ERE dlspscen
Etcbison in the leadership, and It's actlvlty re
called the good old days when 10000 shares
conId be sold at the market quoteuohs; Inc
bUTing of the stock was of the best kind, and.
IN sniTe of the early selling for foreign account,
- caused an advance Of ! per cent. The Interest,"
aSv+ended 10 the bonds Of the company, and the
ad,-ance Of 10 per cent in the second cohSOIs
yrae the striking feature Of the bond market
SnoonS the specialties, Tennessee Coal and Iron
among s r1 bv further rise Of nearly per
80 aitbonah concessions from It's highest price
800 nern,itted In general the market closed
e+roro M about the highest points for the day.
THE DAY IN THE BOND MARKET
covsrnrnent bonds continued 10 be neglected
- ~ advance Of 1-sal-4 per cent In DDS Tor IS
~. ia - indure sales Bids for the currency Is
I1as ,tere also raised without effect. ne closing
oU0tations were as follows