New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-20

CLOSING PRICES OF BOSTON STOCKS.
ILOS'-' Ma "a
WHAT WAS DONE IN STOCKS.
Nf.nAnrr Doc I'M ID

NllAI w Al DONI- ~ 'ACNiN''
Monday, Dec. 10-p. m.
| H. u,o,av market To-day showed more strln-
oancv than at any time last week and the con-
! eoororce wac the precipitation OF fresh lqiida-
zion in the industrial shares. The transactions
in the four leading stocks in this group border'd
cIoeo unon one-half Of a heavy day business, anu
,heir rate of dccliue at time was SENSATIONAL
Distillers and Cattle Feeders was 10y far the most
active stock and after opening eN the INV
dcnd of IL per cent at Ga, IL plunged do"h""'N
| 10 81. The break in Chicago Gas was ho"''o''
| the most startling feature. Not until TO-DAY "a7
that stock shown extreme NulnIamlity' III '"H
from 80 Sd TO Sc IA might be described a" coh-
parativcv gradual, but it then went to :" Oh
small sales that almost despsHd fractional hu'ula-
lions When this break occurred, the market
generally reached its lowest points and there nai
have been a purpose in the " UNDERSTANDING '"a'
a: once became current that th" bnll pool back
Of Chicago Gas had expired by limitation, loav-
ing each member TO look out for himself Among
tbe other industrial shares American Sugar Tell
from 1oG1-2 10 1C4 1.2, National Lead from
A n 10 80 "a, National Cordaae from 1873 "a
70 l34 3-4. National Linseed Oil from 40 Is -
80 National starch from 81 IA 20 % Il, General
Electric from II IL TO l01 IL, and so iortH'
Nearly all the Industrial shares rallied rom
| tbpr lowest points. The railway stock Iltt
showed remarkable rcsist nee 10 the lnlIuenc" 81
the depression in the Industrial Group IN dIh'sS
none OF the active issues i u" net decline ol NC
day more than fractional, and the lai" Tendency
Of the market 10 rally waS checked OHy pN, iIr
weakness in Philadelphia ana E"adlhs' ma
stock cniovcd the most activity among INC rii-
way share- Il sold early al q 3-iaj4, but was
sold steadily 20 II l-2a52 Is, the hnol d'alln4'
bcinr marked 10y vigorous r9ldlnI. IL i uhI1I-
tunat" that AT a time when The llluiuaIoh III ''i'
Industrial shares appeared 10 have clIulAat"i,
READING should, through the ambitious p"h' %. ~
managers. seem 70 present an attractive POM 10
Il. ~ l.tfn ffffle H.
points was responsible" for closing the speculation
In Am unsettled and feveriSh condition.
The bears had III their AID the fact that actuai
engagements Of gold for shipment by to-morro"
German steamer Were made to-day IN Excess oi
the amount looked for saturday nIoht. An
order for 5000. 900 was al that was cancelled,
the sum taken from the subj reasury amounting
10 - $50 goo, and S2l 1000 being supplied out
SIDE The foreign exchanges however, nave
fallen smartly under the effect Of furthr' hr'e
sterling loans, and the decline renders 1t doubt
ful that any large amount Of gold viii 90 ont by
Wednesdays French steamer. The liquidation Of
loans TODAY and the character ~ the late free
offerings of money at the legal rate may assure
a relief from the strlngcncy when has gwen the
/ bears their recent advantage.
THE DAY IN THE BOND MARKET
| Government bonds We're entirely neglected at
the StocE Exchange The market was steady,
with final quotations unchanged as follows
U.s4ls 1897 con. 5 egr 6 $50 Io3
tnued at per cg 81 go , d9i
USE: s25sS il, i1s cur Is5 Ii
: Tic sales in State bonos were confined to Ala
hama, class \, at lo2 IA. In city bank stocks
Western National tlO sold at 20.
Tie general bond market was lower in sympathy
with the depression III stocks Reading issues
were weak, with losses Of - per cent IN first pref
crencr incomes AZ IL Ia in the seconds ~ 81
and7-s per cent in the thirds AT j-l-I Texas Pacific
firSts fell PCT cent 10 -, but the second incomes
lost only small fraction at 20 "a Union Pacific
Denver and Gnlf drs,s were of 81 PEI cent at
IS - and Western, Ncw-lork and Pcnn-y ivana
seconds dropped per cent to 30 ID Atchson ~,
comes are down Is per cent at - H. ana
to u. The weakness confined to spccuia-
tive issues prime Investment securities holding
steady Reference is made TO our full report Of
Money on call was active, the bulk o. III" early
business Icing done at l5a!5 r. cent. Their r.
numerous i6ana up 10 80 ana the rate 9hc@ touched
40 per cent. When the demand subsidized rates
be- gan 10 yield and the late business was done at
6 per cent. with large offerings by prominent
houses at that figure
The Clearing House statement waS as follows
Exchanges. $3j,2J4. j02: haauccs, SG.jj2,2Gl.
The Sub-Ireasury was debtor to The Cleaning
House SSiG,1 %. lis net los on halaac, since
Friday wae Ssj$.19o made up 10y 4 lo,9 OF : =
1S2Il4 i'll cOin minus gam Ct S2,J!S0l, ~
currency. The two days operations included
Receipts, SG,sG9.69J: payments, S1,t2@,S34: re-
sultng in general balance Of Sl12,412 %, con
sisting of Sl0a'93' $40 coin and SS,4'4,1l4 cur
rcncy.
yer bullion AT price, ranging fTOm S3.4S t. hJ.jJ.
The total offerings unusually large, amount
Ing to 11Jj,OO0 ounces but III" prices OF the re-
iectcd bids were not made public. The Mcr,ar-
tile Safe Deposit Company OF this city reports sill
Yer on hand. 10 secure outstanding certihcit Is,
amounting TO Sss,SsJ ounces decrease Of 63,0O1
ounces.
The United States Treasury at Washington re-
ceivcd to-day S3jO,j9G National lank notes for
redemption.
The customs receipts were SG3e. 7G3. the in
ternal revenue receipts S9'',3'4, and the mis-
cellaneous receipts >53,i1l.
TO-days WASHINGTON Treasury statement Of
cash on hand and deposits in bank compares
with the figures Of the last previous statement
as follows:
gold hand. 1921 J92 Sl22 Dec. 1857 g97
Net legal tenders
on hand .......... 4,29s347 4745 81 Inc. 4i747t
Net silver hid 10 Si2,03O 10 S21b4O Dec. l.lyD
Actual cash In the
Treasury vaults
over outstanding
certificates .s13s l61 075 sl3s 9}7 882 Inc s75a57
Deposits In bank. ll71G G5S LOIS pee los $50
Net cash bal 40 03s C33 sI40 $40 Dec sI23 293
The foreign exchanges We're decidedly easier |
under free offerings of loan bills made by bankers
Sterling exchange was reduced "a for long and |
1-2 cent for short bills, ana rcichmarks were /
easier. although French francs ruled unchanged |