New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-12
CIX,erN0 PRICES % BOSTON STOCKS.
paSton July 1SC
WHAT WAS DONE IN STOCKS.
Monday 1ulV l1-D.

Speculation is held in check by the uncertainty
respecting the result Of the weeks legislation at
WASHINGTON The Stock Exchange cannot believe
that the destruction of option business IN thc
cereals will benefit railway properties. ana IL
awaits the fat" of the Hatch Anticipation bill with
only less interest than the Produce Exchange
awaits IT, Wall Street has rejected the idea tha'
the silver free coinage bill can pass the Federal
House Of Representatives, and Yet II may h"'
shut its eyes 10 the critical vote that VIII pe
taken in a few days. 70 add to thcse elements
q uncertainty the Advisory Board OF the west
ern Traffic Association will meet mere to-morIo"
and railroad men are at sea az 10 whe'hcf 'l'
Chicago. Burlington and Quincy Will make It's
long deferred submission TO the discipline OF the
association. Further recalcitrancc might not
seriously impair the efficiency of the combiRa'ion
bnt the undecided question Of reductions in Colo
rodo-Jtah freight rates is vital 70 the prosperity
-, , larcp norton OF the business Of the pTlnci-
nal Western roads Public opinion Of investors
will De emphatic in case any ROAD dans 70 dssu''c
ih> responsibility Of preclpltatihs a rare W..
Weighing Justly the foregoing Influences 10 wa
NOT to he wondered at that the stock nhtKrt
ra used in dulness. Yet only moderate Gecllnes
were recorded, as the rule. London selling was
moderate. and was felt only IN lUuisvllIe anu
Nashville aad Union Pacific. which are down
more than per cent. The former stock Is SUI
lerinc from the headache Of the haIi-yearN re-
mort. thc STIMULUS Oh llc P'i
!. over The latter stock is weighed Wlth mo
snspicion OF particular liqn iatIon. Inc III
roads were depressed because the beans couII no,
dgnre ont hy the Government crop report S"l,'
oT more than 10000 600 bushels III IN, WIN
thc cereal West only a couple of feet out OF the
orouud ST Paul sold down on us lncr'iS'
IN gross earnings for the first week OF july VI"
hear faction invariably is eNasperat"d AT any IN
crease over 100000. An exceptional improve
mont in Richmond Terminal failed IA develop news
of any progTpss in reorganization plans , nr
strength and comparative activity IN New oIk'
Susuuehanua and Western attracted at'entiYh IN
tho ,rnernl iulness-a condition favorable 70
pccial movements The progress Of the important
pec 90 cnYncrtion TO he made between this ROAD
and the PENNSYLVANIA at Mauch Chunk may
hardly be considered responsible. There mas hi
Loon on foot a scheme To retire the prei'rred
stock ~ that tic common stock may r"'Nt NE
benefit Of the Increasing earnings, ana prohinN
in his direction any explanation Oh revive" III
crest in thc property should be- looked r.
Tho formal lowering OF The rates OF sffrlllg eN-
change was OF no effect values because II ~
reluctant acceptance of actual copiitlons me
,,rkct suffered in only rirr instances irrn TAiI
atoms and although the bears pressed Their carly
.dvnnces 10 the end. the closing was dnII ana
ncavy rather than weak.
TIE DAY N THE BOND MARKET
Government bonds neglected az the STOCK
EXCHANGE but tine quotations Tor the - M'i''
raised Ia pcr cent. Following are hir Hhd'
figures