New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-11
CLOSING PRICES OF BOSTON STOCKS.
Boston, Nov. 10, 1891
CHASING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Tuesday, Nov. up m
There was sharp upward turn in the Stock
Exchange markets to-day. On account OF the
fortnigbtly settlement in London. which showeu
a scarcity Of American railway shares. thcre was
an active buying for European account. but there
is little reason to suppose that it will be followed
by equal shipments of certificates. Abroad. as
well as at home, the market had been oversold and
for that reason the advance to-day was not more
significant than the decline yesterday In both
cases il was simply a question of speculative con-
tracts Free selling for the short account pro
duced decline which was regained on the follow'
ing day by vigorous buying in the same interest
The decline brought out little long stock. and the
recovery was not due to sudden revival o!
public interest
Il is a point in favor of higher prices that on
every occasion declines recovered on smaller
volume of business Atchison. which has been
the most active stock, affords an excellent illus
tration 1t closed with a gain of "a per cent
on transactions Of about $4,000 shares at the
same price at which 1t ended on thursday, ana
the decline in three days was achieved only on
sales Of about 1000 shares. Even II this was
an isolated example, 1t ougtt TO be ar object
lesson to those who strive constantly TO bring
about q lower level Of values. Among the acuve
stocks Erie made the largest GAIN, closing at
2S rs against 26 SIS yesterday. The transact
tions in the stool, were about $4,000 shares,
but TO produce the previous decline OF the same
extent there had been sales OF ABOUT oo,VVo siSs.
Both illustrations are stocks which are largely
dealt in abroad, and consequently nave pee!
liable TO all the vcissitudes Of an international
market. $1,000. :.
The European news that was received was I'D
marked contrast with that of yesterday. Inc
Berlin failures were said TO be OF little consequence.
and the situation at Paris was not so oad as IL
had been PAINTED. In proof OF the better 1eel-
inc there was a considerable rise in French rentes
and British consos, while both III London and
Paris money was in ample supply at easy rates
The conditions in this country are too well known
"a be repeated. The outward movement OF PROD.
nets is shown by the Custom House statement OF
exports from this port in the past week whlcn
were the largest in many years, II not on record:
GALWAY earnings in every ssctlon OF
the country continue TO show large increases.
and there is every evidence that rates are firmly
maintained The Richmond Terminal Company
has overcome it's financial troubles by the sue
cessful negotiation of about S4,000,000 Bonds.
and to emphasize it's relief, lie East Ienncs,
see. one Of its auxiliary companies, has declared
a dividend Of per cent. The earnings OF tnc
Erie Railway have been large enough TO justify
the resumption OF dividends on the. preferred
stock. and in fact, all the railways in tIe country
arc beginning 10 feel the stimulus OF large
traffic at full rates Under these conditions, N is
NOT surprising that stocks and bonds are in con
stantly better request The closing was conf:
dent at the highest figures, with hnai gains or
about / ga and per cent
THE DAY IN THE BOND MARKET.
Small sales of 4 per cents were made at droop:
ing figures and, in general. the Government bond
market was not strong, although there was no
change in closing quotations, which were as ioi'