New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-07
cros1ys.rRIcEs OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

The recent manipulation of Sugar Refining
stoc, has confused speculation. Orders in the
stock have been matched without regard 10 com
missions and the price has steadily declined The
rccular dividends were declared to-day, and
promises Of "a freer distribution of profits dis
appointed. II NAV properly DE urged that an
extra dividendswould be indiscrcCt at the begin
ming of a new session Of Congress. 1hcfc can
not be any change in the tariff by the present
Congress but the interest, which control the
stock are not aversc to playing once more on the
general creduity. The skilfu manipulation may
have been for the purpose Of acquiring stock,
while the steady decline suggests that 1t was
simply 10 create a market. The result was that
transactions in the stock were considerably more
tLnn a quarter Of the total business, and that
tie final decline was ~ per cent, a;housh
The only other stocks which were even com
parativeiy active were Distillers and Cattle f'ei-
ers, Philadelphia and Reading and Chicago ,.aH
Their final losses were per cent or more. win
the single exception of Reading which lost only
~ per cent. The largest decline was suffered
by illinois Central, which. on small sales' lei
2I-9 per cent. Victory is sometimes defeat The
decision in the Arnot case against the Reading
Company was. not adical In tins case the
Master find, that the Reading and Ethigh Val
lev railroads are not parallel and competing lines,
but the Supreme Court of Pennsylyania decided
some time ago that the Beech Creek was
parallel and competitive line 10 the PennYIVania
Railroad II is possible that there are two laws
in respect to corporations in Pcnnsyvania
The activity. and weakness in Distillers ana
Cattle Feeders were wholly inexphcable. Tho
price Of spirits was raised cents gallon, ana
what was supposed 10 be an active opposition
was said % be merely tender 10 an aiinos,
autocratic monopoly. IL was consequently not
plain why the price Of the stock should have
yielded almost from the opening. The transac-
tons in sugar Refining. Dstillers and Reading
These stocks dominated the general market, and
the closing was rather heavy at about the low
est figures 1T Is possible ssh thst sharp IA do ,a ,t N
the depression. but the connection might have
to he explained.
THE DAY IN TIE BOND MARKET
Government bonds were practically neglected at
| tie Stock Exchange The only transaction was
a sale Of $500 coupon Is at IA "a. There was
a corresponding change in the views of hoideH.
| The closing quotations were as follows:
snued at per lC eur Ss lssG. ,03la -,
: sSsi n , li, ss%I So If r.
| DE- ol. So ,issi.ii5. '''
There were no transactions In State bonds. OF
city bank stocks Commerce cold Is AZ 2O%,
America II o. ut .217 and Nassau coo at la.
The general bond market was less acilve, Dut
| the movement of prices was not sluggish, even
if it was extremely irregular, Atchison seconds
class A, closed 3-e per cent lower at o. i:
Northern Pacific consol 6s fell "a to go a;
Richmond Terminal IS dropped to "A. Reading
incomes were quiet but fraction lower. locuo
the fraction at 90 "a, and several special issues
| gained l per cent or more. Reference is made to
our full report of bond sales A., ~.
Money'was easier Oh both call and time. On
call more business done, at per cent than
at higher rates. This was the opening and clos
ing figure. The supply of time money was in ex-
! The Clearing House Statement was as follows ::
Exchanges, $l6O,3ll,55o; balances, $9,l77,s3e.
| The Snb-Treasury was debtor to the Clearing
| House S333403. Its net loss on balance was
81 s74. made up by loss Of SOL. LAP in currency
less a gain Of 81 96,26s in coin. The days opera
tons included: Receipts. $@.'4l ,Oi7 payments;
| S2142,92i resulting III general balance OF
STA ,57292O, consisting OF SlO9,l 55,620 coin anu
s., Al ,294 currency.
| The United States Treasury at Washington re-
ceivcd to-day S233, 720 National Bank notes for IT,
The customs receipts were S2o4,e35 the inter
nal revenue receipts Sl94,3sO, and the miscelh-
To-dav's Washington Treasury Statement Of
| cash on hand and deposits in banks compares
with the figures of the last previous statement as
| follows: -
.fs sa ss $:
S ss i Ssnd 'e"o'' sos5so ilOs 2eC
Actual , cash u, H,a nc
over OUTSTANDING IA, ITO 7o7 ss5 $50 4es Inc $50
DEPOSITS in bank ii33l.275 liO5i'Oi Inc 3iosS'
Net cash bal sl404s $50 sl,7 5si iO7 sIIo2, Ia5
| The foreign exchanges were inclined TO be
| weak, The supply Of both merchandise and
security bills was more liberal, while me dsmahi
| FOR remittance was lighter. Shipments OF gold
| bv Saturdays steamers may not be large Fol
| lowing are revised quotations for actual business
| Bankers bills "a IS l-2 and ~ g. "a Tor long
| and short sterling respectively; French francs,
Sic IS and 5l5; rcichmarks, % l-2 and
| 05 rs. , ,..o,
| l-I6 TO 81 5-l6 for money and OF ZIG Tor the
account The Bank of England lost E52, 900
bullion on balance. In the open market money