New-York tribune., 1891-10-17
CLOSING PRICES OF PHILADELPHIA STOCKS.
CLOSING PRICES OF BOSTON STOCKS.
Boston. Oct. 10, 1891.
WHAT WAS DONE IN STOCKS.

Friday, Oct. lo-p III.
The upward movement in stocks which was pe-
gun Yesterday, received fresh impulse to-day
from the continued buying for foreign account
The most active stocks and those That maoe 'he
LARGEST gains were the favorites of the European
markets For two days the buying for this ac-
count has been persistent and confident and the
advance has not been without opposition from
those who had based their operations on further
fall 1t is a matter Of little Importance whether
or not the buying has been purely speculative OF
for the long or short account. The demand Is real
and the advantage substantial If the buying should
be sustained the outflow Of securities would De lol-
lowed promptly by new imports Of gold. The revival
Of EurGpean confidence may be due partly 10 the
success of the Russian loan, and to possible I'M
provement in South American affairs, but more
sound reasons for il are the ease oil money aDroau
which delays indefinitely advance in discount
by the Bank of England, and the exceptionally
favorable conditions, both financial and conn1ercial
which prevail in this country. Even II IT could
be admitted that public interest has not been
aroused there can be no possible doubt that the
conditions which now surround speculation must
in time exert their natural influence.
II public interest is not actively engaged, now
ever il is alert and vigilant and when 1t has Deeh
clearly ascertained that professional mahipulsVioh
in favor Of lower prices has Deeh oelealeu vi
abandoned the outside public will prove its faith
nv ms works In the meanwhile the absorption
of stocks and bonds has been steadily going on
and in both the floating supply has been reduGeu'
rather than increased, by the recent reaction Inc
most vigorous assaults by the bear faction have
foiIad IN disodge any considerable amount OF
tono stock while at every decline cautious but con
6dent buyers have appeared. TIE advance In the
last two days, moreover, has Deen so graueaii
and superficiay uncertain that IT is very douDtul
II the short interest in the leading STOCKS mas Deeh
materially diminished ,,o.d an
The course Of prices to-day not only indicated an
ac+ive demand by Europe but 1t also furnlshed
Snrther evidence that certain large interests were
,o Ionoer bent on interruphng the movement
11,a Transactions in Union Pacinc and missouri
pncifc were not so large they were yesterday,
~ in bot1 stocks the final advances were ABOVE
.ho averaop while their last prices were practi-
Ill the highest. Louisville and Nashvlle also
,ras loss active but IL closed with gain OF /.
ner cont and at an advance OF about per ceile
~ ~ two davs the demand evidently was not satf-
Sed Although the dealings IN Atcnlsoh MeIe .re
aarIv fifth of the total transactions, tle pusess
Us yell distributed and one OF the features ol
.ha day was the fresh activity in stocks thaI re
cnn+lv have been quiet or neglected. NeW- J oik
CantSal for instance, was unusually acuNe ~ ~.
ranidlv advancing prices. This feature was oniy
apptber moot of the confidence which seems 10
%a,-e hoen again reawakened. The CLOSING was
active and confident.
THE DAY IN THE BOND MARKET.
Government bonds continued 20 be neglected at
.bo Stock Exchange but tie market was nrln Az Az
aes,srday,s aae advance There was, no change III
Sno,ati~1s which remained as follows