New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-16

WHAT WAS DONE IN STOCKS.


The buying Of stocks for European account to-
day rather exceeded in volume the selling yester-
day. There was no apparent reason why the
selling should not have been resumed and' indeed
considerable fall in English funds ought to have
afforded a sufficient preteXt if the previous selling
had been genuine. 1t must reasonably I've con-
cluIcd that both movements were speculative and
probably the result of orders from New-l ork.
IL may be Inferred also. that the short interest
in the London market obtained new lease oil life
az the fortnightly settlement which was COM
peted to-day. On both sides OF the Atlantic the
holders Of stocks are not loath to encourage the
short interest by freely lending their certlhca'es'
The premium Of Is per cent, which was cAac'eu
at the Stock Exchange on loans OF chicago Dur
lington and Quincy, was in this respect an error
OF Judgment although it was clearly indicative
of the unsatisfied demand. OF the active Granger
stocks this was the only one which did not show
final gain in spite Of the vigorous attacks by
the bear faction in the late dealings. The closl'g
was affected by engagements Of S2,joo,OOO gold
for shipment to Europe. They were considerably
in excess of the amount generally expected, ana
naturally encouraged selling for both accounts.
In narrow market timd bulls are more to be
feared than aggressive bears. The realizing sales
which were made in consequence of the gold
shi pments may he deeply regretted pelorc
the end Of the week.
The final variations in prices were divided, but
in the active stocks they aid not exceed traction
in either direction The Granger shares main
tanned their recent improvement and close slightly
higher If the press reports about crops III Rus
sa NAV be believed, Western farmers Will re-
ceive prices for grain which will more than on
set any probable shrinkacc in the yield: Money IN
the hands Of farmers means a good business Tor
Western railways. In contrast with the Granger
shares the coal stocks depressed, and, in TACT,
an apparent weakness in Reading, which inaily
lost nearly ! per cent, started the afternoon de-
cline. 1t may he remarked. however. that prices
of coal are maintained somewhat better than
trunk line rates. and that litigation against the
Reading deal will hardly disturb the profits which
are daily accumulatng. The industrial stocks and
speciaties were generally strong, but they were
devoid of specal feature Rumors about the
Richmond Terminal reorganization were set afioat.
but the stocks and bonds Of the system were
stagnant Private dispatches from lcNas an
nounced that the State court had signed decree
for the restoration of the San Antonio and Arkansas
Pass Railway TO the reorganization committee.
Details OF the arrangement may be received TO-
morrow In every direction. differences are being
adjusted In consonance with known conditions,
The closing was not weak, although in a few in
stances last prices were the lowest for the day.
THE DAY IN THE BOND MARKET.
Small sales of both coupon and registered as
were reporte; at the Stock Exchange. The market
was firm at unchanged quotations as follows: