New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-08
CLOSING PRICES OF BOSTON STOCKS;


Wednesday. Bcccmi"T - Ill
The stock market was not active at any ume
TODAY, but in the last hour ther" was DISK
bpvinr for the short account. Prices advanced
80 readily however, that only trivial part OF
outstanding contracts was settled and the bear
faction postponed further covering in the hope
that something might happen over night to re-
licye the present embarrassment. 1t is easy
"a sell stocks and to put in circulation dam
ooinG rumors: il is an entirely different thlnS
IN recover the stocks without loss II may
not be pretended that some of the active stocks
are not selling above the dividend earning basis
but il by no follows that the market
will seek an exact level In stocks there l.
ALWAYS the chance of improvement, while con
troll of companies which may be nearly hank-
rrpt is always worth something. The most
active stocks were Distilling and Cattle Fred
ing and Sugar Refining. The last named practl-
cally rcgained the loss suffered yesterday ana
closed at its highest point The fluctuations in
Dstilng were narrow and its final gain was
only small fraction. Advances of about
per cent were recorded by Louisville and Nash
Vile Illinois Central and a few spccuatvcs and
the Gould stocks, with the single exception Of
Western Union, furnished the only exceptions
to the general movement Missouri PaclhN
closed 10 per cent lower in spite Of a rally
of nearly per cent The closing was strong
and confident
Absurd rumors about the Brussels Conference
were set in motion early in tie day. They w"r"
designed undoubtedly TO affect the price of silver
bullion certificates and possibly the action of
the Treasury in regard to its purchases Of silver
1t was reported that tie Conference hal adopted
resolutions in favor Of himctallism. with recon-
mcndatioa that they should bo approved by th"
nations represented at the meeting. This action
would be very acceptable in this country. and, Of
course the rumor wa. no, without speculative
influence. The London market afforded Il positive
contradiction. The India Council refused to allot
bills for the simple reason that tenders were AT
too low figure and the silver market I'M
settled and lower Quotations for silver and
rupee paper were almost nominal. Apparently IN"
silver crisis which English lnancicIs have pr"
dictcd for long time j. more likely to occur
in Europe than in the United States. 1i" mcr"
suggestion that this country may suspend IT,
purchases Of bullion has created great alarm.
THE DAY IN THE BOND MARKET
There were no transactions III Government
bonds at the Stock ENcharge. Euly in the day
the market was rather weak, but it closed firm, al
these quotations.
U.s4laslsoI. con. Z 5 cur s., is95 io.a
tnued at . per : .cnI.G- iS.9I l9s,
Us4s 9O7,cou;.in 1i+'. tu.seurGs 1850 10
Among State issues the only business was in
South Carolina mon-fundablc IS at > IS and
, 3d. OF city bank stocks Western National
sold 49, at I2l. At auction one share of Chemical
Bank sold at 81 $40 and one at - 400.
There was q moderate business in railway
bonds and while the movement of prices WAS
irregular, many issues Were higher. Chicago and
Northern Pacific Grsts gained the fraction At
"a II and Northern Pacific consol 5s advaJic"d
"a per cent to 10. Reading incomes were quiet
but the thirds rallied %-~ 10 60 Ia, IN spite
Of renewed rumOrS that interest on them and, per
haps, the other classes, might he paid IN scrip
Many other issues secured fractional gains. Atchl-
son seconds class A. were Il per cent lower
at 81 Toledo, II. Louis and Kansas City hrsts
reacted to -, and "A 80 IS suffered Il loss oi
| nearly l per cent. Reference is made To our
full report Of bond sales
Money on call ruled at per cent, and only
a small business was done at -: which was
The Clearing House statement WAS as follows:
Exchanges, Sl39,59S ,J13: balances, S6,32G,S9l.
The Sub-TTeasury was debtor 10 the Clearing
| House S464.16s Its net Gain balance
! Si24G47. made mp by gains Of S!j,33s in cur
| rency and S09,3O9 in coin. The days operations
included Receipts, S2,532.l9j: payments
S2,4O7,j4s: resulting in general balance OF ~ H.
G97,5G7, consisting of Sl00,2J4,93j coin and
The Treasury bought ;7i;OOO ounce, of silver
| bullion at prices ranging from $500 10 $3.50
cents an ounce. The offerings amounted to N03,-
| 900 ounces. The Mercantile Safe Deposit Com
rany of this city, reported bullion on hand at
,2Sj,431 ounces, n decrease of 34,0S7 ounces.
The United States Treasury AT Washington
| ccvcd today S340G47 National bank notes for
| redemption.
The customs receipts were $3.50 $50, the inter
nal revenue receipts Sj5',24j, and the miscca-
ncous receipts SjG.J92.
To-days Washington Treasury statement Of
| cash on hand and deposits in banks comparcs
with the figures Of the last previous statement as
follows:
Doc. q. Dec. :. Differences
gold hand: 3jj 39 l9iJi 90 Inc. 4l52 SI3
Net legal tenders
on hand IT. sos5.IsG 77OGl,oO Dec. 37s asj
Net silver nd 3iO2lrS 257 23S Dee. lGi $50
actual cash In :hc
| Treasury vaults
outstanding
certificate, Sl3j $50 493 sl35 f9 80 Dec. $500 SOB
Deposits IN bank. l1,6jl,Gli H2siGj7 Dec. 3GG9i7
Net cash bal si47 53 lo7 4677GGj7 Dec. 97j7 $50
Tie foreign exchanges inactive, because