New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-22
WHAT WAS DONE IN STOCKS.

Post & Mont 9o'a sc'' Butte q Bost Cop o
WHAT WAS DONE IN STOCKS.
Wednesday, September 21-p m.
There was no substantial change in the spec
ulative situation. Tmld bears were disposed 10
cover their contracts on every rally and equally
pusillanimou, bulls We're ready osscll vn every
reaction. The rallies were provocative of selling
for the long account: the declines failed to eX-
cite public interest. The trading was entirely
professional and the final variations were lnslg-
nifcant Money was easier and foreign exchange
firmer for precisely the same reason. The recent
loans of foreign capital by the sales OF long
sterling bills supplied the money market, ana
bankers hesitated to make further engagements
on the first indication of higher rates for money
in London In other words, there was par'ial
adjustment of The rates for money IN the Two
principal markets OF the world. IL
The particular fluctuations IN stocks were haiuIS
worthy of notice. In the last hour the ailthrl-
cite coal shares advanced on buying, when was
supposed to be for inside interests anu lhild i ei
phia and Reading closed nearly ! per cent higher
than it did yesterday. The advances made by Tie
less prominent coal stocks were III full sympathy
deal were not wanting but IT was not announced
officially that the Ncw-JerseX Central hdd leased
all the other lines There is no special reason
WHY this should not be the solution OF the present
question Ii would seem TO be inmat.rlal whether
the Reading the Jersey Central cohtroiicu inc
trade so long the prices OF coal can pc fal1eu
periodically. The friends of all the companies pe-
ieve that the terms of the agreement VIII DE
carried ont in spite of laws and opposing SUITS
The liquidation in Northern Pacific was con-
nued Wih less ,pFIb a any BEEN ' oyersod at6ouch
it suffered a loss of II per cent more Proinl-
nent stock relatively was Louisville ana NasNIIc,
which was depressed by the delivery OF oertliica'"s
arrived from London. The western railway stocks
were affected by the cutting of rates winch IS CON
stantly becoming more cr2us any DS !s rhc
closing was rather heavy, but the fnal VarlatOns
were divided and the declines were generally
small
THE DAY IN THE BOND MARKET.
There were still no transactions in Government
bonds and reduction of II per cent n oid prices
for As failed TO encourage ouslhens- Inc cioAihs
quotations were as follows:
IS AIS 1891 cur o. a. So 49,:
cent IS7 l 49,, lie i 1873 "
tsi isS7 SS9 s9 is D'c0sc5 iol'ni w
Us. cur .6s. 1893 10Y -, - -
State issue. were neglected, ana tneie "'i' nv
sales Of city bank stocks. -. .ho
The general bond market was quiet, but me
demand was sufficient to make ,ne n nained d"'I la
tions advances. Erie second consols galheu -
per cent at l04 "a. Reading incomes weIc he4
lected until the last hour, when they were az
vanced l-2 10 IA per cent; Nortrrh "oin. .
ecnsol 5s fell to II, but closed only 5-s per cent
lower at IL IS The transactions, however, were
considerably less than they were yesterday hcier-
ence is made to our full report oil bond saicS; m
Money was easier on both call and time. Inc
ruling rate for call loans at the Stock Exchange
was 4 per cent but large business was uoHe
at 8 1-2 per cent. e,,..
The Clearing House statement was as follows:
Exchanges, Sll6,e5l,S43 balances, S5oi5ioor;
The Sub-Treasury was debtor 10 me oIeaIi ,i
S1lI,242 made up by a loss of Sl6O,3Si III cur
rency less gain Of $4o,l42 in com; me Day
operations included: Receipts, S2,oo3,54G pay
al mo "A
al and S! Sd, , sai,44l carsenSy @
The Treasury bought $4,000 ounces OF silver
bullion at prices ranging from s3.4s to 1870
cents an ounce The offerings were $4,000 ounces
The Mercantile Safe Deposit Company OF this city
reported on hand to secure outstanding certificates
S3l4G1 ounces. a decrease of 10000 ounces.
The United States Treasury at washington
received to-day Sle7,457 National bank notes
The customs receipts were Ss24O72, the internal
revenue receipts $6231 SO, and the miscellaneous
receipts SAC, 1913.
Tndav's Washington Treasury statement Of
cash on hand and deposits in bank compares
with the figures Of the last previous statement as
follows:
Ne. gold On hand $s sH D:1s%si
N on ssnd 1alss so4 124l5es7 772GO7
Actual %,n.. cash I in the
Deposits in bank. Iiiss7s5 ii5o73i Inc. 1870
Net cash bal sl4s 2ss 49, SAB I5oCO1 Dee. 1881
The foreign exchanges wsgc dull and firm.
Rates for time money were easier, ana c0nsc-
quently bankers found no profit III selling long
sterling bills. Following are quotations for act,
ual business: Bankers bills. 81 S. II and
81 sc "a for long and short sterling respectively
French francs, 5.1S i-S ana DIG '-o nlchmarks,
% IA and 90 5-S.
In London British consols declined is per cent
to 81 Is for both money and the account. me
unchanged. In the open market money was album
dant at per cent for discounts, and IL per cent
for daily balances. Bar silver was quoted steady
at 3s sd. an ounce. American railway shares
fractional improvement. At Paris French ) per
cents welded Ia centimes to 1890, sight eX
change on London being 2520 francs TO tie 9
sterling. c.. r. nil,
Comnany announces in another column that
interest due October |, S92, on second mortgage
bonds classes A" and B. will be paid on and
after that date by the National Bank of North
America Boston; the Union Trust %, OF New
York and Mcssrs Barring Pros. d Co.. Limited.
iondon Holders of certificates of the Union
Trnst Company and Barring Brothers x CO., Id.
eccond mortgage bonds issued for income bonds
deposi ed for conversion into class " ~: Will re-
Ceivr payment OF interest upon presentation Of such
certificates AT either of these agencies The new
second mortgage bonds class a" will be ready
for delivery in exchange for trust certificates
shortly after Oct. | Interest payment on second
r,ortoac 90 class "B" bonds will be made upon full
Maid subscription receipts, which should be pre-
sented AZ either of the agencies named. An
nouncempnt will follow when the new bonds will
he ready for delivery.
The following securities were sold az auction z, the
u : rE s,: G, vi. I K sSs CO.. 1901
~ shasss MvsrdAis Pax c.. e2.ooo hk