New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-04
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

Without public support and with practically no
London arbitrage buying, the stock market to-
day was more active than it has been within a
week, and substantial advances in prices were
general higher level established at the
start and the improvement was maintained TO the
end. Yet nine out of every ten commission brOk-
els if asked for the would reply. il is
sonably certain, with one word "Manipula-
ton" The breadth of the market is measured by
the four walls of the Stock Exchange, and the
strength of the buying power cannot disguise its
professional character. There was no important
news TO affect speculation suddenly, but the trad
ers of the day do not ask for any. 1t is more i'm
portant TO know whether an unweldy short inter-
est has been detected in this stock, or whether
new pool has undertaken TO advance that About
the only item Of news of general Importance WAS
the weakening in the foreign exchanges. CRATE
full increase in the supply of commercial bills WAS
responsible for this desirable development, but the
market is far from having assumed \ permanent
tendency and the face Of affairs would be changed
il the advances in stocks should tempt renewed
selling of American securities by European hold
ers. Favorable weather at the West assures more
of the corn belt from attack by frost, but esti-
mates of the probable yield are too conflicting TO
permit confident figuring upon the net earnings OF
the Western railways IN the next few months.
Five stocks contributed to the total record Of
dealings 2l6,O23 shares, or about 60 per cent OF
the whole amount Three of them were indus
trials, representing properties whose earning
capacities are known only to inside managers
One stock is the centre Of speculative mystery
and the other pays dividends and is surrounded
with litigation. New York and New-England was
the leader of the market and yet it is impossible
to verify the that attach to it,, 1t opened
exctedly at differing prices, but quickly sold at
"A IA, it's subsequent fluctuations being down
TO AZ and back to "A 3,s and "a l2! against
AZ l-2 Saturday That close connection
exists between the source of buying here and
orders from Philadelphia may not be proved, but
1G M i'm
the New-York Stock Exchange The sales Of
phladephia and Readlng; countins ut 1T as lGIi
haf-stock, it took second rank. The price
rose IL per cent without a preteAt
OF the other leaders Chicago Gas rose over
per cent on the well-mcrited punishment OF a
Western short interest that does not hesitate 10
use litigation in an endeavor 10 cXtricate itself
Distilers and Cattle Feeders followed pro:
gramme mapped out for il by powerful holders,
and American Sugar Refining again demonstrated
the completeness Of the inside control. In
terest attached to the rise in some Of the Western
railway shares solely because Of the closing ont
Of a short interest There several spirited
evivas Of life in some OF the specialties:. the
most interesting, perhaps, being that in NIew-York,
reflects the value of growing earnings and the
expected benefits of the Stroudsburg extension
into the Pennsylvania coal centres
The market closed active at advancing prices
and with seeming confidence.
THE DAY IN THE BOND MARKET.
Although there were sales Of Government
bonds at the Stock Exchange, the market was
strong Bids for the per cents were raised
IA per cent and for the As Is per cent
higher Following the final quotations;
us41s 1891 con ~ lU.scutSs. 1896. .ic9is .~
tinued at peroo, u;S.cur,eGs I Iss5 ~
81 i iis s. ss5 49, 5Is 49,
There was an unusual movement in Southern
State bonds, and variety of issues was covered
in the dealings. North Carolina special tax.
Western North Carolina Railroad issue, sold at
-. the new Sc at Os IA and the funding act
OF 1866 at 0 1-2. There were sales of Arkansas
is. Little Rock, Pine Buff and New-Orlcans Rail
road at IA l-2al5 IL, Little Rock and Fort
and aniI'' Red River issues at I5als I-2alj. South
Carolina non ftIndabk 6s sold at 3. In city
bank stocks the only sale was Western National
In the general bond market a fair amount OF
activity was enjoyed but prices We're somewhat
irregular sh0usld the p1nspa st IS
received attention at rise of | per cent 10 o.
Reading general As declined IA per cent to 81;
s D, fractions Northern Pacific consos js
rose "a per cent to "a, and the coupon lrs,t
gained the fraction at nc "a AtciGn ge"e snd
Eastern Illinois general IS We're u per cent
lover at OF 10. and Chesapeake and ono con,
soils IS were of 81 at It, 1 hond eolcs he'e'''''
Money on call was firm at 4 per cent VIII"
cone;dcrahle business done at 8 per cent. u..,.
Ia Clearing House Sttt'ln'Hb WIS
lne e. oG 915539: balances, Ss,30WloI
was nc de 1a.s to ba ar a snes
I liGHSc "e St45.o73 made up by a loss OF
s sTGay ysg "i s Currency css gain Of in
coin The two days operations an !nci onc ,s,it
f @g n general balance of sl2o12I$IH con
listing Of Sl14,T3,76s coin ana @l4'4i '''''
T6e United States Treasury at WASHINGTON re-
ceycd today sI73,783 National bank notes LOT IT.
Tbc custom. receipts were Ss97,36g the inter
nal revenue receipts Ss'5,3S4 ana the "'iScei'F
n'I Todays Washington Treasury statement OF
cash on hand and depo,,S ID HamH s,otoment
as follows: No. . differences
-, - ,A era on Ia fl19 1916. 500 Inc. $40 355 |
Net silver on hd. 2,'oo'"'
Xct LEGAL tenders an M, -o2 10 27Ost2 Inc. $500
on hand ..-...-.. i%'~oI''O -
Actual cash IN the
Treasury vaults
over outstanding mo o- ara jOj o73 Inc s2O7 800
certificates - - ot CSy5Ol Dee 1Oi49i
in BANK li''o'''"'