New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-03
CLOSING uRICEs OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

Monday, May 2-p. m.
The stock market almost came TO n standstil
to-day. Trading was confined to the men who
make science out of scalping' narrow fiuctua-
tons. results generally were small. news items
were few. and tho speculation hardly mcrited the
Characterization of half-hoiday affair The
closing of the London Stock Exchange cannot he
credited with influence. unless aggressive bull
operations were thereby deferred from action
through remembrance Of the unavailing labor eX-
pended where Europe's markets observed her
Easter season. II certainly encouraging 10
receive no more disturbing pictures of the cele-
bration Of May Day abroad than those which
came by cable. but there was disposition
locally to speculate upon theory that foreign
buying would he stimulated by the moderate char
nctcr of the labor demonstrations in Europe.
Traders still found Reading an attractive centre,
but after an early rise To 90 IL the stock was
freely supplied from Philadelphia and by brokers
suspected Of acting for insiders closing down
"a small fraction at 80 SIS. The reports Of dis
satisfaction among the cOmpanys employees may
have foundation. but the runor that >ew-Jer-
seys Governor proposed directing legal attention
against the Readings leases simply revived mem-
ores Of the failure Of the dsapproval of the
lcgalizing bill engine Of depression.
Almost the only other incident In the market
the sharp decline i'll American Sugar Refining
stock. witch was accompanied by the story that
the Federal government intended 10 Drlng suit
against the sugar combination. Popular IA II
crusade against this food monopoly might bc in
many respects, Wall Street is not disposed 10
place serious stress upon any attempt 10 disturb
those trusts which are now regular Incorporated
The industrial group. however. suffered somewhat
sympathctically because Of the attack Sugar
1 he important exception was American Cotton
Oil which was strong through the special reason
that the company is expected this week TO take
steps 70 retire part of its per cent bonds and
to disbnrse some of its profits in dividend on
the preferred stock
Possibly an influence on the narrow specua-
ton may be cxertcd by the critical state Of the
Richmond Terminal reorganization. The reorgan-
ization committee has received deposits Of nearly
S73, 600, 900 stocks and bonds out Of about S0l,-
900. 900, and has imposed a cash penalty of
per cent on future deposits. limited to NAV &.
The attitude of the holders Of the underlying
securities is OF chief interest. but the deposits
are said 10 be as freely made in comparison, "a
were those Of the Richmond Terminal security
holders prior 10 the last few days preceding the
expiration Of the first privileged time. Appca-
ton has been made TO the Stock Exchange ~ list
Central Trust Company receipts for all underlying
securities already accepting the plan Of reorgan-
izatiOn.
The market rallied from lowest points in the
late dealings and the close was steady with the
final changes about evenly divided between gains
and losses.
TIE DAY IN THE BOND MARKET.
Small sales of Government As at the Stock
Exchange were made at / ID 3-4. which was the
bid price al the close Final quotations were
unchanged as follows: