New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-20
Nc PRICES OF BOSTON STOCKS
WHAT WAS DONE IN STOCKS.

The fact that the stock speculation is largely
controlled by the professional element warranted
the rally to-day The recent Hquidations had
gone so for as to render it desirable that support
should be extended, and fortunately there was a
sufficient short interest TO furnish leverage for
lifting many stocks. Yet if from the recorded total
transactions we cast out the dealings in three
roperties-Distilling and Cattle Feeding, Ameri-
can Sugar Refining and Chicago Gas-in which
manipulation is practically supreme. it will be
found that the entire dealings amount to only
24O 900 shares and TO that total Northern Pacific
preferred contributed more than $4,000 shares, or
not far from one-third Of the whole Northern
Pacific was sold steadily from 81 l-2 to 46 l-2
although 1t rallied at the close 10 40 3-S. The
lowest price represented decline Of points from
the close Of last month. These facts dispose OF
any dispute TO the nature of recent selling, and
the only question for determination is whether
liquidation is temporarily arrested. No explana-
ton OF the decline is needed when il is remem-
bered that Northern Pacific no longer pays divi-
dends, that its consolidated 5 per cent bonds RYE
in the seventies, and that the extension Of the
Great Northern system to the Pacific coast ter
inmates the fat freight rates on which the new
roads in the Pacihc-Northwe country have
been feeding.
The general market was not without Irregular
ity Philadelphia and Reading for instance
early sold down TO b3 IL, although the late rally
on Saturday Lake Shore is up only .37s per
cent, and Chicago and Northern 81, while the
Western stocks in most instances gained l per
cent more. The speculative temper Na9
swayed at the start by better prices from London.
The announcement of another iailure-a small
one among the English building associations was
dismissed unimp0rtant. Foreign exchange
further declined, but this vas not due 10 any
change in the international movement Of American
securities. The industrial shares were advanced
to-day because prevailing conditions permitted
stimulating manipulation. The principal excuse
for the rise in the standard list was the popula:
feeling that the strain on account Of The cholera
! a1ex nI hon mr.. la ~
for stocks near the close, so that the market
ended with almost an appearance OF buoyoncy
and with sentDlcnt expecting a further rally.
TIE DAY IN THE BOND MARKET.
Government bonds not dealt in at the
Stock Exchange but the market was steady
Some Of the bids fer the currency So were reduced
- per cont Following arc the final quotations:
Bid Asked. BIZ. Asked.
iinned at . pcr U.scur IS 1897 ..n?'s -.
81 IS; 4 s s$ '
State bonds were neglected In city bank
stocks the only sale was American Exchange ''o'
at 1873 "a.
An increased volume of trading in the general
bond market resulted in rccoveree for the spcch-
latvc issues. Atchison incomes rose ! per cent
to 80 IA, and the trust receipts Ia to - IL.
the as improving IA per cent TO So Is Read
ing general is advanced IL per cent 10 -, inc
second preference incomes gained the iraction q.
4
Q "a per cent 10 20 81. Detroit, Mackinaw ANA
Marquette land grants gained the fraction at
IL rs. Northern Pacific cOnsol % sold at - Is
and ended IL per cent lower at - II. Reference
is made to our full report of bond sales
Money call generally commanded per cent.
but some late business done down To per
cent which was the final quotation
The Clearing House statement was as follows
Exchanges, IS ,l0O,2G6: balances Sa, S9,32j:
The Sub Treasury was debtor 10 the Clearing
House $j0S,72S It's net loss on balance since
Friday was S5G0,l33 made up by loss OF
SSlO,95S in currency less gain Of $3.50, 80 III
coin The two days operations included Re
ceiuts. S5,s90,3ll payments, $6459,444: result
ing in a general balance OF Sl21,l31,931, cor
sieting of $ll3,329,Ol3 coin and $l5,SOS,9ls
currency oo - =
The Treasury purchased 100000 ounces OF
silver bullion at prices ranging f. m o3.1o 10
$3.50 out of total offerings of $4,000 ounces
The Mercantile Safe Deposit Company rcDorts
silver bullion on hand 70 secure outstandlng c'rt
Gates amounting to 1,ss2,440 ounces a decrease
OF 40,0o6 ounces. Wv
The United States Treasury at Washington
received to-day S23G,,00 National bank notes
for redemption. . =, ..-,
revenue receipts 1851 ,3Gi and the miscellaneous
receipts S20jSi.
Tordav's Washington Treasury statement OF
cash on hand and deposits IN bank compare
with the figures of the last previous statement as
follows CT - Can, 10 n,c,roo
x, gold On hend II l3i10i 1893 Inc. $50 oo7
net silver nd. 32vo43i 3'32oi'o Inc. -0IOi
Net Ie9ai''e"o I35493ii 131ss 3Oi Dec 30I .O4O