New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-12
CLOSING PRICES OF BOSTON STOCKS.
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

WHAT WAS DONE IN STOCKS.
Thursday, Aug. lip. m.
An unusually sharp decline in the price OF
silver in London was an adequate excuee for the
movement in stocks to-day. 1t explained the
early engagement Of half million gold for ship
ment on Saturday and the excessive weakness
of the stocks which dealt in abroad The
only important stocks which suffered losses OF
over l per cent were Louisville and Nashville
and Northern Pacific preferred. but Reading lost
nearly as much and the final declines in Erie
Lake Shore. Atchison and Union Pacific were
l-2a3-4 per cent Other stocks yielded l-2 per
cent on an average but tho weakness of those
which have an international market was the con-
spicuous feature of the dealings. The transac-
tons in Reading were nearly onehalf of the total
business, and because few orders came from
Saratoga it was inferred that the selling was
for. the bear account Another explanation was
attempted by the circulation of rumors that Chan
cellor McGill. Of New-Iersey, had rendered de-
cision unfavorabc 10 the anthracite coal comnlna,
ton. As the papers have just been submitted
20 the court the rumors at least hasty, even
if they did not reflect on the honesty OF the
Judge. The excuses for the decline 10 Northern
Pacific preferred which consisted OF eNaggeraIed
Railway, were equally idle and insufficient
While the short interest in both stocks un.
doubleday increased by the days Operations, II
ia probable that in this instance the bear faction
simply followed the example set by real holders
Of the stocks. IN other words. the selling for
the short side of the account was probably les
than the liquidation on the other side. The Eu-
ropesn ceiling was continued In way which
indicated firm and unalterable conviction An
engagement Of $500. 900 gold by a house which
is not a speculative shipper is evidence OF the
continued return of securities from Europe. The
msht hut {f se sa ta na made
holds ont little hope of fresh supply Of com
mercial bills There was no apprecahle pront
In the absence Of available exchange the resort
to specie was not unnatural.
The bear faction attempted TO draw unhappy
conclusions from the Government crop report.
but it's outstanding contracts in the Granger shares
were too large TO be increased without better
pretext. These stocks. as rule. were dull ana
fairly steady. and the final losses were rather below
the average. In general. the trading was largely
professional. and the faint signs of broadening
interest which the market displayed two days
ago were entirely lackina The closing WINS in
active and featureless at virtually the lowest
points.
THE DAY IN TIE BOND MARKET.
There We're again no transactions in Govern
ment bonds and reduction Of IA per cent in
the bid prices of Is failed TO encourage business
The closing quotations were as follows:
asss Tss,S s.: 1922 1872 1872 1921.
81 lis; S:;;SGs
Among state issues, Tennessee settlement b
fell 3-4 per cent on the sale of single bond
City bank stocks were wholly, neglected: NAL.
The transactions in railway bonds were a little
larger than they were yesterday, but prices dc
clned in sympathy with the speculation in shares
Atchson incomes lcll nearly per cent to 30 ~
a 80 5-s on what comparatively small safes
Philadelphia and Reading general As yielded only
ia per cent to IS l-2, but the incomes fell from
5s to per cent, although the business In them
was not large. Exceptional advances were made
by few issues but they werc the result OF special
causes. Louisville, 81. Louis and leNas irns,
for eNSme rose In Ina per cent tbs 10 90
which closed dull and rather heavy. Reference
is made to our full report Of bond sales,
continued slowly to harden. They till ruled at
l.? and per cent, but loans at the lower figure
were the exception
The Clearing House statement was as follows
Exchangs $500, $50; balances, $5j0s,937:
The Sub-Trcasury was debtor to the Clearing
House $s42,6i3. Its net loss on balance was
$20,955 in currency. The days operations in
Guided Receipts, S3,s62 626.; payments, 81
SO3.I62 resulting in general balance of Sl40,-
sos 81; consisting Of l7,376,015 coin and S23,
The Mercantile Safe Deposit Company reported
Withdrawals Of 50,067 ounces of silver bullion.
were reduced therefore, to i,S79,506 ounces.
The United States Treasury at Washington re-
cevcd to-day $2O2,27o National bank notes for
The customs receipts were $l.2J4.7o7. the in
te,nsi revenue receipts 1881 ,l6l, and the mis-
ceancous receipts $9l 81
To-days Washington Treasury statement OF
cash on hand and deposits in bank compares with
The figures OF the last previous statement as
follows: .
August TO- August il. Differences.
Net cold ON hid al 56s Sill 30 200 Inc 1893 2s
Ses s Silver on ma 4essGc5 ao7o'9+ Inc oi27s
Net esa ash aI $40 Inc. s2ooios
Actual cash In the
Treasury Muias
oscr sl31 IT'S 577 $3.50 10000 Inc. 1914 t52
DSnosts I'm bcnk 1881 t2 11e7scos Dec Hf'259
Ne, cash bal sI42 500 $40 si,27o3oie Inc $500 1913
The foreign exchanges remained dull ana
steady. While the supply of merchandise bills
was more liberal, il was not suffclent 10 prevent
thc engagement OF a small lot OF gold for ship
ment TO Europe on Saturday, Following are
the latest quotations for actual business BANK.
ers' bills. 81 81 and - So IA for long ana shor,
sterling respectively French francs - LIZ ana
B Is 5,s: rtichmarks, 95 rs and 1884.
FOREIGN MARKETS.
The governors OF the Bank of England at their
weekly meeting made no change In its minimum
rate OF discount. which remains nj per cent
In the week the bank gained Ei?.uo0 pniloh
and the proportion Of reserve TO Liabilities was
raised from 4410 to 45.32 per cent. against an
advance from 1850 10 44.23 per cent In tne COZ.
responding week last year. when toe discounV