New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-10
CLOSING PRICES OF BOSTON STOCKS
Boston Oct 9, 1891.
WHAT WAS DONE IN STOCKS.
STOCKS.

Friday, October 9-p. IN.
The stock market was devoid of animation to-
day. There was no important change in specu-
ative conditions, but the market lacked con-
trolling impulse and was left TO the mercies of
professional traders In the early dealings they
sought to attach an unnatural Importance to the
postponement of meeting of the Advisory Board
of the Western Traffic Association, but the sell
ing on this account was light, and the downward
movement was resisted l.. itself the postpone
ment was of little consequence, but the attempt
to fasten the blame on Mr.. Gould was wholly
gratuitOus. Apart from considerations respecting
his health, it may safely be assumed
that until the passing of the Missouri
Pacific dividend has been forgotten, or
forgiven, he will commit overt act to arouse
public animosity. The Western Traffic Associa-
ton is not likely at present to be disrupted by
any action of the railway companies under Gould
management
The subsequent movement Of prices was toward
q higher level, but among the active stocks the
buying appeared to be chiefly for the purpose of
protecting outstanding contracts at the close of
the business week. The ease Of money, the an
nouncement of further shipments of gold from
Europe and the common expectations OF favor
able bank statement tomorrow were additional
reasons for the buying of stocks while they might
be secured without difficulty. The demand for the
short account, however, was liStleSs and the adj
vance in prices was neither large rapid.
Atchson rose over l per cent, but this was merely
q full recovery Of its previous loss Other
stocks which closed without change
were Erie and Lake Shore. Except
ST. Paul. which specially languid, the
granger shares were in good demand and with
the leading Gould stocks they scored gains of
about l-2 per cent. The general advances were
nearly az much, and only few stocks of which
Louisville and Nashville was the most prominent,
suffered small final losses. Among the sbcciaties
Chicago Gas was both active and strong. rising
nearly per cent. Hooking Valley moved in
lively and cratic way.
1t fell on 80 announcement Of an issue Of
81 600. 900 preferred stock and rallied. perhaps,
because of better appreciation OF the proposed
increase of capital. IL is becoming daily more APP
parent that many companies consider this fit
ting opportunity for satisfactory adjustment OF
their financial obligations New issues Of stock
and bonds constantly being announced, but in
every case they are excused by the necessity of eX
ira equipment or other improvements which has
sprung from q large increase in traffic. In the
cases Of the Hooking Valley, and the Louisville.
New-Albany and Chicago railroads, the English
method Of covering these expenditures by enlaTg-
ing the share capital is TO be adopted. The adj
vantageS of this course are obvious. The numcr-
Gus stock and bond issues afford new evidence OF
the universal faith in the financial and CONNER
cia prosperity of this country.
THE DAY IN TIE BOND MARKET
Sales of S25, 900 registered 4s were made at full
prices and the market for the gold issues was
strong. Bids for the extended IS were raised
IL per cent 10 par. Bids for the currency IS
were lowered by q small fraction. The closing
quotations were follows: