New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-06

WHAT WAS DONE IN STOCKS.

Tuesday. April j-p. m
One-third Of the business in stocks today was
transacted in tho first hour. In nearly every in
stance best prices made AZ or soon after the
opening. 1t TO the credit Of the market
however, that notwithstanding some untoward
developments later on. there several sub
stantial net gains held al tlr clusc. The early
strength was the result Of d free demonstration
in the way Of buying orders, apparently for Lon
don account, which stimulated further the cover
ing Of shor; contracts The question Of the orr
gin of these foreign purchases may not be settled
for several days; at present all that is seen is a
maintenance of irmness in the foreign exchanges
in spite of an increase In the weeks merchandise
exports, which ought 10 supply quick bills. Con.
siderable activity and further strength in ST Parl
helped the bull side but neither i; nor any of the
other stocks which are dealt in abroad clOScd
more than fractionally higher than yesterday.
The speculation still remained the victim OF
manipnlations which absorb the bulk Of the
activity, ami confusing To a Judgment Of the
general situation. Perhaps it was the weakness
in the Richmond Terminal securities which was
Of greater moral influence than other features.
The plan for the reorganization of that system has
certainly reached a critical stage, even if the pub
lie belief that it is virtually dead If incorrect
No statement of the amount Of securities ALREADY
deposited can be obtained from lh' III
stituton which is appointed to receive
the deposits have been particularly dlsapp"n'-
ing aus regards the holders Of Terminal stocks ana
bonds Those holders are apparently content 10
accent tie criticism that they have been 100 VIII
favored IN the plan when has been maze ny
holders Of underlying liens. and to mvltc u.
punishment that Will come should inc Pit-'h'
scheme fail one is loath 10 believe thnt an
important banking interest formally cphImit' ~
10 The plan is really indifferent TO It's success, hn'
il is none the less the duty Of Terminal holders
10 debate the consequences a their continued
traction. The April Obligations OF the Elchmohd
and UanyilIe and other constituent properties were
me, by the contribution OF 81 100000 by some
of the into rests pledged 10 the OlcDtt scheme: IL
tho scheme j. given mp II VIII ne a serious pom!
how any future emergency will be NET without
damage 70 the cOhcsycncSs OF the Terminal
system.
The news Of the failure Of The Ncw-Jerscy
legislation - le9alze the Readings leases was
met by inside support else had been dis
counted as The Tribune suggested il might he.
Reading sold from % "a 10 "a 3s, but II rallied
TO -, showing a ret gain OF l-2 per cent ms
stock however, stll shows an unnatural activity
and tic course was full of feycrisllncss Heavy
liuuidatiOn attended further fall in Ncw-l ORR
and New England Of more than per cent, and
the most distressing rumOrS concerning the ln'ncrs
of the company found a circulation. The property
has lived through many vciss!tud"s, and the stock
ties even if it became "ex" "mystery' when II
reached near the sixties in February.
The market closed irregular, but with prices in
most instances nearer the lowest than the highest
Of the day.
TIE DAY IN THE BOND MARKET.
Government bonds were weaker. with sales OF
coupon IL at llJ j-s, decline Of j-s, and Of reg
final quotations showed bids under the actual
sales. and were as fOIl0W6