New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-17

WHAT WAS DONE IN STOCKS.


WHAT WAS DONE IN STOCKS.
Monday, May lG-p. m.
Their. was no relaxation of the efforts TO de-
press values to-day, and il was not until the
last hour that the attempt was confessed to be
failure The character Of the market. however,
WAS revealed by the fact that in that bricf Time
Prices of the prominent stocks which have peen
the target of bear attacks recovered TO level
M 10 or above the closing figures OF last lhnrs-
day Prominent exceptions of course. TO thlS
statement NAV he found in Northern Pacific pre-
fcrred and Union Pacific, the former stock nav
ing suffered from liquidation, while the iat'er
has been subjected TO a peculiar mampaIa'io"'
The general list however, has emerged from inc
ha;tcring of the last few days with prices prac-
tically intact. with the confidence OF hoider'
mistaken, and with short interest IN existence
which may find danger alike either IN an at'emP'
TO protect itself by covering or in inrther as-
erosion II is somewhat significant, also that
the sharp recovery was accomplished on N"ii',iC
Of business somewhat smaller than that Oh '"e
last few days.
Two influences combined TO change the tenn
nor u; speculation. There y re distinct indlca-
lions of renewal Of foreign support. ana LONDON
followed its curly encouraging advlces win MOI
crate bnying orders in Its faVoritc St0cHs. NIar-
ing and warner weather was reported from me
st, placing better aspect on me crop on,iG ic
loet week excited the solictudc Of the bear fac
lion The net advances of the day were per
cent and over IN the stocks which enjoy an inter
national market. and those that have recently
hccn most under the hammer. The rise met with
resistance notwithstanding the early purchases Tor
European account Northern Pacific preferred raj
lied TO 80. but was borne down TO - 3-s: II
closed at - -. a net Improvement OF IA pc.
cent Union Pacific was depressed to 30 IS: II
ended at Al -. AtehiSon went It,, to "a - It
ended ut 81 80. 81. Paul. after selling NJ - -
rose TO IS 49, Rock Island. after II 81. sold
at So 81 Omaha common. after as "a, SOLD ~
80 IS, and Louisville and Nashville. after 20.
closed at 10 IS. The coal stocks were dull INT
firm. while Hooking vclcy reacted Per cent
Tie Richmond Terminal securities were hcsvy. hnt
il was not known until after stock ENrhang"
hours that although the Reorganization COMMITTEE
was not able 10 dcclar" The Olcott plan effective
large representation Of Terminal .ccnriN-holr rs
had selected a committee - cooperate with 'r'
REORGANIZATION Committee in preparing new
scheme for the rehabilitation of the property.
Last prices in the general list wcl> the host
Of the day In the final dealings the buying 10
project contracts became nrgcnt. ana IN" marhet
closed strong and confident
TIE DAY IN THE BOND MARKET.
4 fair bus ncsG done in Government c1upon
IS at IL i-Iall, -. and the tone OF the market
wa, strong. Annexed are the maj quotations
,..,so, con Bio A's' ,vs ls III ills NsN'
r crt ra~ storpd ,or L S eur ises. ..llG2
Ts955 5 ;ss I rs; cur 9. lsS3 9 lis
-
State bonds were neglected at the stock ~
change The onl? sale in city bank stocks
wa state OF Ncw-lork 90 at IL.
AlthoUs! the general bond market was only
moderately active. ;hc conrsc OF prices was up
ward only few Issues were lower CHICAGO and
Northern Pacific lists ycldin9 Ia per ecent 10
declining IL Per cent to lO2. AtchisoE incomes
were in demand a. an aAyanc" OF ! per cent -
Sc. All the Reading junior Issues were iractlonay
higher, with an exceptional advance OF J l.: per
cent in the 3ds convertible n G3 -. East Ten
nceacc Virginia ard Georgia gold - gained ! per
cost al %. and Eichmond anG lanylIlc IS sol
tru.; IS coincdcrtally declined per cent TO
-. hut recovered to - and the Gs sold at -.
CHICAGO and Indiana Coal lists were unn.uali IS
active AZ - rise of j-S lc cent - ] % 1-2. MobIr
and Ohio general Is are up 10 per cent 10 G3 IS.
San Antonio ard Aransas Pass irsts jumped ,
Per cent - 20. Reference is made to our fun
icpor. of bond sales.
Money on call continued a drug of l-2a2
The Clearing House statement was as follows:
The subj raasury was dab,.r "a tie Clearing
Uonss S72s,I3o The net loss on balance since
FRIDAY was Si72.93s, made mp by lo%o Of
in currency Tho two days operations included :
R-ceipts $3.50, sG3; payment, S6,4i3.s0l, re-
smiling in general balance Of Sl@i 7l5, CON
sis,ing Of Sll 5.096,25o coin ana S2o,so3,456
The Treasury purchased 10000 ounces Of
silver bullion a. prices ranging rom ss.io 10
&
ounces. but the figures of the rejected lots wer,
withheld from Ill" pub lc.
The Mcrcan,il, Safe Deposit Company reports
holdings Of ?,3s-.o ouEces OF silver to secure
Tho United states Treasury at Washington
received to-day S93j,7i9 National bank notes for
redemption. On , ..,
The customs receipts were S6Gl .so3, the internal
revenue receipts S1s7,l70, and the ccllancou6
receipts S20s. O69.
To-day's Washington Treasury statement OF cash
L.,l.
figures of the last previous statement az follows,
S x :G ac % Oh n'nF "a ' 80 ps
N en- hSsa.'onq,r' .,s5 45ol COG Inc. s2o''5
Actual cash in the
cer'asacS ;5sOs.? siG3 p Dee s'5, 81,
SO. cash BAL si4osios 1895 ~ 10 400 sGs Dec s'+soos
The foreign exchanges were extremely dull,
| but the tone was easy without change III prices.
| Following are quotations for actual business ::
iaakcrs' bills, 81 so "A and 81 - "a for long
| and short sterling respectively: French francs,
| BIZ l-2 ard j.lj rs; reichinarks. % IA ana
| % J-s.
| In London British colsols were is lower at
| o. lilo for both MONEY and the account Inc
| lank Of England gained tjj,ooo bullion on
| balance In the open market money ruled en-
cessivcy easy 1T IL per cent for daily balances
! and IS FER cent for discounts. Bar silver was
| firm at Saturdays advance 10 40 3-sd. an ounce.
! TIE market for American railway shares "us
cheerful, and prices steadily advanced 70 the end.
| At Paris French per cents advanced 10 centines
| 10 1885, but reacted 10 $3.50 at the close.
sight exchange on London was quoted at 2jl :
! francs 70 the sterling.
The entire amount of the preferred stock OF tne
Herring Hall Marvin Company, offered by John H.
/ Davis & Co., and Connor \ Co. WAS applied
lor during the hrs, hour of business TINS morn;
Ing, aud by noon il was decided to REJECT an
further applications and formally - close the
subscription books for the preferred stock AT )
| o clock The subscription lists for the common
stock remain open. and will close OIL or before
| Thursday, May TO- at y. IN.
| Elsewhere will Ike found details Of the offer
for n,Lic hu Iiarvci Eisl, & Sons of