New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-02
WHAT WAS DONE IN STOCKS.


Small holders Of stocks were in a state OF panic
to-day. In the industrial stocks the liquidation
was not unexpected, because they have been held
up by main force for a long time The declines in
sound stocks, like New-York Central, Lake Shore
and Northwest whose dividends are assured, and
in ST. Paul which will soon take ia proper
place among the dividend payers, were more
significant The special weakness in Western
Union could not fail 10 excite remark The pre-
text for the movement In stocks was the spread
Of cholera IL must be admitted, however, that
the market was ready for any excuse, and would
probably have found it if the cholera had not
teen introduced int this country. The Interrupt
ton of foreign commerce is the planest result and
the more stringent the quarantine the greater
the disturbance The lack of commercial bills
caused further advance in foreign exchange, and
the demand for remittance was sufficient 10 make
necessary further shipments Of gold. No engage
mente were reported, hut the exports on Satur'
day are not likely 70 fall Short Of 100000.
Tho continued selling for European account, when
the conditions in this country apparently are in
favor Of higher prices indicates liquidation
whose end may not be predicted. Europe must
lie very poor when ii IL obliged 10 throw over us
investment stocks at the best price II can obtain.
The New-Yorl< market has borne the constant
pressure with the greatest fortitude, but the
course of stocks which have an International
market suggested that limit might soon be
reached
The closing was at smart rally, but the final
variations were declines Of | 20 per cent In
railway stocks, and to per cent in the in-
dustrial stocks and in specialtes
THE DAY IN THE BOND MARKET
Government bonds remained neglected, but
the asked prices of As were raised IA per cent.
The final quotations were as follows
Biz Asked. o "a AsAeo
u as..s s'l ss 1872 ifi
r.s.cur.e, 1855 .io7
The only business in State issues was small
sale of Tennessee settlement 3s at 80 IL. Ihcie
were sales Of city bank stocks.
The general bcad market yielded in sympathy
with the speculation in shares Atchison I1c' mes
coils were l-e lower at ,o4. Reading incomes were
Irregular, but the seconds lost 3-S' ana ,he
thirds / per cent. Many other issues suffered
fractional Losses Reference is maze to our full
report Of bond sales.
Cali money az the Stock Exchange was much
dcsrer Rates touched Il per cent, ana III" buIK
Of the business was done al about per cent
The Clearing House statement was a. 10 lows:
Exchanges, Sl03, 449,2l3; balances, SOL Pol ,
The Snb-1rcasury was debtor 10 the Clearing
House $3S3,SoS. It's net loss Oh balance was
81, 547, 235, made up by a loss Of Sl65l ,4G2 IN
currency. less gain Of SlGi22a IN CON c aae
payments, $3,sO5,sG4; resulting in a general
balance of Sl33,052,3o3, consisting VI 81 ','oo'-
975 coin and Sis,ls34ls currency wosLiro,or
The United States Treasury az ashihStOh
received to-day Sl7l,64 NatiCLal bank notes Tor
redemption. .oa- a., A., i;
to,rsl revenue receipts S309,54s, and the mis-
ccllancous receipts S91,6l3.
To.day's Washington Treasury statement of
90 sb nm hanl and deposits in bank compares with
the figures OF the last previous statement as
follows: ~
Net s sc q" on S'na IA saisss 75S inc 5S
Ne. iG hand 1s2Ososs 70 $50 Dec so7a
Ac 4.,: s,sH 1 n sss
i HyfF Tais@ Ga si2e I.c sSso59
Ne. cash bal 90 700 cal $40 1850 IA ins si4o4sa
Tlc foreign exchanges were dul, put again
hioher The demand for remittance was far in
excess of the supply of merchandlse bllis. ana
although no engagements we're ,naoe eHp9r.s Oh
gold will be resumed cn SATURDAY.. Following
Esnkers' bills, 81 SO "a and 81 So IA FIR long
and short sterling respectively; French francs,
SIG rs and 5.l5 80; rclchmarRs 9' i-AaS' DO
and 95 j-sa9j "a.
FOREIGN MARKETS.
Tho Governors Of the Bank of England at their
weekly meeting male 70 change IN us minimum
rate Of discount, which remains at per cent
In the week the BANK sainee - IisbIi,ies wos
raised from 50Iv to Jn.66 per cent against
reduction from I5.7! TO 1929 per cent IN ,ne
rntc Vas unchanged at J.? per cent The bank
today lost G2G,OOO bullion on balance At
the London Stock Exchange British consols closed
a. a6 iI-I5 for money and 90 "a for the account.
both ex-lneerest. In the open market money
was easier at 7-saI per cent for discounts and
unchanged at l-s pei cent Tor DanFefs balances
BAR silver remained steady az 80 l-sd. an ounce
American railway shares were dull and dropping
and they ended wIthert rally At Paris French
3 per cents rose t5 centimes to I0o.3o. inc
weekly statement of the Rank of France showed
decreases in specie Of 3.425,0o0 francs gold md