New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-13
CLOSING PRICES OF BOSTON STOCKS.
ID
CLOsING PRICES or PnILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.

Tuesday, Jan. 12-p. m.
The exports of merchandise in the past week,
according 10 the Custom House returns were
S9.Ds4,76O. For the first two weeks Of this year
the amount TO 81 :, zoe, 066, sum which probably
was lever equalcd in the same period. The re-
cent advance in exchange on Europe has been cN-
cused in some quarters by the apparent ialllne
OF in the exports Of grain. Marvellous stories
about the lack OF freight room aud the utter
exhaustion of the storage capacity of Europe have
been repeated until they have attained certain
amount of crcdibity. Financial theorists VIII
do well 10 explain now whether bills Of exchange
are drawn AGAINST shipments of merchandise OF
any character and whether imports of gold Will
be resumed Immediately in consequence OF the
increasing trade balance in favor of this country
There can he no doubt that Europe Is paying III
securities for It's purchases OIL American pioudcN
While this policy may increase TIE WcIOh VI the
country lust as much aS II the settlements were
ma lie IN gold, Its influence on the stock market
may not be wholly favorable.
There was a natural and needed lull IN Specula-
tiou to-day. The opening was Strong a. materially
higher prices bat generally the succc .dihS NOV
mrnt was downward. The market tnen became
dun and irregular, and II was hot uhtll ule IiS
hour that G.c activity was r. suned Lndcr ,ic
jc ii of the coal shares, which advanced rapidly
without other excuse than me covering 81 sno'
cont acts the closing both active ana strong:
Delaware and Hudson rose from ia Il TO ~ ana
closed at IZ6 -, and Iacllawanna ended IA trlle
below its highest price, WITH Il gam VI oNcI PI
cont The transactions in Reading were only u
Little more than onc-third Of It's extraordinary
business Yesterday, but The stock fully recovered
its loss It's place as leader OF the market was
taken by Mon Pacific, which was strong through
out the day. with the exception OF brlcf reaction
i'm the last hour, but it rallied again with the
rest of the market and closed nearly per cent
higher Similar advances were made by the
nrncinal Granger shares and few Of the special
res bnt the Northern Pacific stocks were heavy.
and with New England they suffered small losses.
The movement Of prices suggested that CON
siderable short interest had been created in the
bast week. and the final rise that the smaller
hears had become frightened The selling had
been in the hope OF q war between the authracite
coal companies and a dissolution OF the Western
Traffic Association had been talked about. AS
there seems to he possible chance of either
event. a part of the short interest followed the
discreet course, while tmid bulls regained COURAGE
II NAV be regretted that the trading vas largely
professional, and that the demand for railway
bonds seemed to he temporarily satisfied. a
change in both respects will be brought about by
further advance in prices.
THE DAY IN TIE ROND MARKET
There were no transactions in Government
bonds. anG asking prices for the A. were lowered
small fraction The market was steady at
these closing quotations: