New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-18
CLOSING PRICES or BOSTON STOCKS.
BostOn Sent. II 1901
WHAT WAS DONE IN STOCKS.

thursday, Depb l1-Ap
The transactions in both stocks and bonds to-
day were larger than on any previous day in the
present revival of speculation. Joined with a
smart rise in values this activity could result
only from wider public interest and steadily grow
ing confidence, Against the force of this element
professional speculators no matter how power
full, may struggle in vain, for IN financial well
as political revolutions the public will cannot
be resisted. The obstacles in the way Of the
present movement are of the f1imsiest character.
The free inflow of gold from Europe is being
hampered by the Bank Of England, but 80 long
as tho foreign buying of railway securities con-
tinues on the present scale shipments may DO
delayed they cannot be prevented, and, per-
haps, by being artifcially restrained, they may
be more extensive in the end. The opposition
exerted by those who desire lower prices Of stocks
mrely to correct previous mistakes would be
trivial If the power and influence of the interests
were not frequently over-estimated. mouth
piece of the obstructonists sagely announced this
morning that the natural rise was over, and that
any advances that now occur will be forced. The
principal manipulation in the past few weeks has
been In favor of lower prices. One excellent rea-
son for disastrous n,t tsg5e was w Sas
evident that there was no burning desire
to sell stocks, and consequently the manipu-
htion consisted chiefly In attempts TO create
of few stocks, In which there is no public In
terest the efforts in behalf of reaction have been
sentimental, The speculation has outgrown mat
tiers Of little real consequence, and IL is doubt,
full If there could be any possible combination oil
interests which could restrain 1t except momen-
tariy.
The business in stocks was not well distributed,
for Atchison and Reading contributed over 100000
shares TO q total of about $4,000 shares. The
activity and strength of the first were due partly
to the announcement of close traffic agreement
with the Denver and Rio Grande Railroad. The
rise in Reading, which ended with a gain of %
per cent was stimulated by an early advance in
London, and the opening transactions were at an
improvement of per cent. While the business In
these overshadowed the market other stocks made
substantial gains. Northwest was In brisk demand
and with unusual activity il scored final advance
shares were dull and laGgaTd, but in the late
dealings Sey moved upward with some spirit
and closed about / per cent higher. ST. Paul
responded feebly to the increased earnings re-
ported for the second week of this month, and
after fuctuating within narrow limits. closed with
a net gain Of 5-5 per cent. In general, the Van
derbilt stocks and those which are dealt la abroad
were active and materially higher: the Granger
shares neglected, but by no means weak. ana the
Gould stocks sluggish and apparently depressed
Among the specialties there was further rise IN
Ontario and Western and Missouri Kansas and
Texas preferred, while the Milwaukee. Lake Shore
and Western stocks advanced sharply on good
buying aRd movements in stocks that have long
been inactive attracted attention: The closing was
strong and almost buoyant at the highest points.
THE DAY IN THE BOND MARKET.
There were no transactions In Government bonds
sale of 81 200 District Of Columbia coupon
g. 65s was made at ia and bids were advanced
1-2 per cent. The market closed strong at these
quotations: