New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-31
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.


| Tuesday, August 30-p. m.
The transactions in stocks to-day were hardly
sufficient to furnish fair quotations for many Is
sues The dulness was discouraging to both sides
of the market. 1t naturally checked buying for
the long account. but tended also to frighten the
short interest. Advocates of higher prices refused
to add to their holdings, because they
were not sure that fresh buyers would
appear, and the bear faction was restrained
from active operations by the fear that stocks for
delivery might not readily be borrowed The re-
suit Of these opposite views was stagnation. An
active and energetic renewal Of the everlasting
contest would be welcomed. There are few com
mission houses in Wall Street which are earning
their SALT and something more than that is usually
required The Paradise Of the stock broker is
activity and II it cannot be in the upward di-
rection, he prefers a sharp decline. The refusal
| Of prices 10 move one way or the other is some
| thing which Dante never imagined.
The stock market called strong. The trans
actions in Reading were little more than half
| of those yesterday, and the rally IN price was III
about the same ratio. 1t hardly needed the ru-
NOR of special session OF the New-Jcrsey Legs
lature to excuse the previous decline, and the rally
was probably not due to the, denial Of that story
The rumor was started thai the July statement
| of earnings may be Xplained by the Withholding
of certain receipts because the management feared
| the consequences of an actual showing While the
ReadHg RaGad has fareN kept s re eses 1rom
agement has not reported the actual earnings month
by month. 1t is not surprising. however, that
many spectators and investors are unable 10 bal
ance the net earnings i'll July with the advance in
! the price Of coal in the last year, and with the
| large economies in administrative expenses which
were bound to follow the perfect harmony created
| by the Reading leases.
The market was strong because the final vari-
atoms generally advances. although, with
| the exception Of New-Ensland, Pacific Mail and
fractions. Declines in thu PRINCIPAL Gould stocks
| Shore and New-York Central may have been pro-
duccd merely in the hope Of securing cheap
stock. 1t has been long time since there has
/ been speculative scoop" in the Vanderbilt
stocks, and perhaps, the fractional loses may
be the beginning Of movement Nothing
Of the kind can be expected from the Gould
stocks. which apparently are for sale on every
rally and the industrial stocks seem 10 have
reached level at which inside selling is at
tracted. The European selling of securities was
higher rates for money foreign exchange was
firm. The closing was irregular, but confident.
THE DAY IN THE BOND MARKET.
There ,ns soe and
again were unchanged as follows:
ussas. ,se, he
Ts.. 1S s ISL 1s: sSSFs' Hs II
| U.S.cur.9s 1895. 10Y
State Issues were neglected, and there were no
sales of city bank stocks.
The general bond market was more active, ana
in many cases the losses suffered yesterday were
fully recovered Atclison incomes. gained the
fraction at 60 Sd and general 4s closed Il per
| cent higher at SO 5-s. Edison Electric Illumirat
ing firsts rose ! per cent to 100. Rock Island
3-S per cent to 81 ga Reading issues We're
quiet, but after an early decline closed practi-
calIy unchanged First incomes were an cXceP-
ton, gaining 3-s per cent. On the other hand,
| Texas and Pacific seconds fell ! per cent 10
| 20 3-4a3O. and on small sales Western Union col
lateral trust ~ suffered the same loss at lOJ -
| Reference is made to full report or bond
| sales. :,
Money was dearer both call and time De-
mand loans at the Stock Exchange ruled az
| 10 per cent, and little business was done ut
3 per cent On time there We're some important
transactons at per cent for six months rs,,o.s
The Clearing House statement was rs follows
| Exchanges, 81 Oj,J07 ,62s; balances, Ss,3SJ,TG.
The SubTrcasury debtor 10 the Clearing
House $524,36O Its net loss on balance was
Tency less " gain Of $2ao,S $50 in coin The DAYS
operations included: Receipts, S3,312,jO3 pay
ments, S3.e35322 resulting in 2 general balance
OF $135,34J,s45 consisting OF 81 l5,6O2,69 coin
and S19,743,154 currency
| The Mercantile Safe Deposit Company reported
silver bullion on hand, to secure outstanding Ger
tihcates, at 1,850,J72 ounces, an increase of 49,
456 ounces
The United States Treasury at Washington
received to-day Sl9s,o96 National bank notes fol
redemption.
The customs receipts were $3.50 900, the internal
revenue receipts l,94S. and the miscellaneous
receipts 81 1881.
cash on hand and deposits in bank compares will
the figures Of the last previous statement as
follows:
Net gold on hardsli 5oss,s slis44o55l Inc. sss ~
| Net eiivcr nd 329o,l9 3,561.07 Inc. 27G27s
N' On hand"....' 1ilossso 1s.so5,5la De sos,sls
Actual cash in the
| Treasury vaults
ire ccrtfca,rs sO7 O07 1920 312 1888 Inc. IS 81
DEPOSITS in bank 1l,754774 h,oT1l7 Ine. 222,3iS
Net cash bal sIfl O6I sH si4l,2ooloo Inc. s22s 25.
The foreign exchanges were quiet and strong
at the advance in rates reported yesterday The
market refused to yield to the highest prices Of
money. The demand for remittance was light
and, perhaps, there will be no shipments OF GOLD
this week bnt only n better supply Of merchandise
bills can prevent them. Following are urchan ged
S4 s6 10 and 81 81 3-sa$4 SO for long and
short sterling respectively French francs, BIZ 1-9
and SIS BIS: rcichmarks, % Ia and 95 5-S.
In London British consols advanced smartly "a
OF 5-l6 for money and TO 81 SO for the new
account The Bank Of England gained $4,000
bullion on balance. In the open market money wal
abundant at ] per cent for discounts and j.
per cent for daily balances Bar silver further
declined Is 10 3sd. ounce American railway
shares were weak until the late dcnlings when
they rallied with somo spirit II wac reported
At Paris French per cents closed few Gen.
times lower at 9e.S2 1-2 and sight exchange on
London declined 10 25.1S francs 10 the 6 sterling
| Attention is called TO an advertisement in an.
other column of the Orr Richmond Terminal
Committee, asking stockholders TO communicate