New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-22

WHAT WAS DONE IN STOCKS.

Wednesday, December Up. M
Speculation in stocks was affected adversely to-
day by an advance in rates for foreign exchange
The unexpected strength of this market was "A
disagrecable surprise, in view of the fact that
since Friday sterling loans to the extent of az
least $4,000. 600 had been effected. That billS
for this large amount should he absorbed 80
eagerly after heavy experts OF gold excited amaze
ment and DO little uneasiness. Of course tlc
advance in foreign exchange was caused partly
by the lower rates Tor call moneT bat ASIDE
from thar influence The market displayed mar
vcllous strength Fears Of further shipments oi
cold were excited anew, and tie absolute scaIltj
of commercial paper tended to helShien them
The sterling loans which have recently cen maze
nuSt bc paid in sixty days. They mature, there
fore at a time when we are beginning 10 Ill
ticipatc d natural outflow OF gold, ana WhcA ''o
onward movement of merchandise Is usually not
large. The loans temporarily nave c"'c"1' S''"
sbipnents. but unless there SHALL be ne I""--
cal change in the situation within sl>N """'
they will in the end, merely agaraN'' '''"'
In these circumstances ii was not Surprising '"'
,Lo .tocl, market. which opened fairly s;r'nt.
G i'0 have oui,,,ly Gcrcloisd leyersA hfr-H-
ority and Weakness rs . rule. lrst pIlc'' W.
the highest ior The Gay, MIllc h' -,
heavy at about the lowest point. IH' "'..
bilt stocks furnished conspicuous 'AD'
tho general movement, ana, excepting Nan ~
tan RAILWAY and one or ~" st''!"'"t'. ,'..,
alone achieved final gains. Ahloi- 90, ",'"-
shares Rock Island SHOVE c,d rJ only
clinaton to advance, and IL c'on. IL VIA ne
= shade lower than it dill YESTERDAY, Wing ~
final losses III Erie ST. Paul, LouisNI 2',
vile, Northern Pacific pre'clIci' n,o. lir
a few others were only small h"t'!'i'. -
from ST. Paul these stock, were nor a. ~ Nv"
ever. and their strength was III Sp1r - 'T,cd;,,
cral w,ahnes' Diitiin5 a anI ia o't ancinatian,
were frequent enough 10 satisfy u" I'1u' w.
"plungcr7 among professional IRA 'Gfs. , ,.o,
were not wuc but rapid, ana ciolH7 ~ Fgri
above It's lowest point the r,ocK SUI ,,,
a lo.s of nearly Der ccnt. The movement" We -
accompanied by the usual variety Oh I.inDi D"1
III was impossible 10 detect when ones NeI' - Il,
by the management of the company iot pun.
SPECULATIVE effect. Reading was second III pom
Of activity and early in the afternoon II yielded
with SUSPICIOUS a!acritY, but IL iiiii I,S' VS.
| only a small fraction. The heaviest declines oc-
CURED in Missouri Pacific and Chicago "as' W"iTi
lost, respectively. Is and b pr cent IL
General the declines were l-2 . 81 per cont on
an average. The volume Of business was uid-
! tcriallv smaller than il has been recently.
TIE DAY IN THE BOND MARKET.
sale of 100000 coupon Is at ~ had q
dcprcs;irc effect on the Government bond market
and both Glasses of that issue were lower Inc
/ final quotations follows:
Us T'ss eS g.. ls s5 l TO-; co..
usl.Io7 Ii:'. Ii3. sS ea q.l. 3d. III III $3.50
! Ds.l0l.a.OJ lsYi.Il3A -- -.
state issues continued to I've neglected. Or
CITY iarl, stocks American Exchange sold 90 at
l5G and Central National - at l39 ~
The general bo' i market was Il'ilr NOR
| oc,ivr and although tie movement OF prices WI"
irregular, The final variations were pch'ra!n
advances Atchi.on A. were IA per cent better
At S. "a, aud seconds, 'iass - maze me fl'".
rain NJ "a Missouri Pacific hIst collateral trust
- rose / Is per cent to 81. ard lnion Pa
riGc collateral trust notes were active. closing
at an advance Of IL per cent at -. 60 fhil4I,
delphia and Reading issues. the fiFot ana -''ol4 i
incomes closed IL per ceIf higher at 80 anG
ce 10 respectively while the thiri incomes ana
tbo general Is each suffered a final loss 81 -
rrr cent. Richmond Terminal collateral trust
"a declined IL per cent to ~ 80. Reference Is
made 10 our full report Of bond sales
M,rov on call again was distinctly easier. III
,Lo eo-v hour. there was considerable business
n : per cent, but tie bulk OF the new loans
,cas done at about Per cent. The supply was
~ large that at the close balances could not De
placed At better than per ccn, ,.,s 90 follows
Evrhancos Sl64.GlSiG7: balarcc-. S1.sSN,?9p.
The Treasury bought 4Gl 900 ounces Of SILVER
bullion AZ prices ranging from SAD to $3.50
ccnte an ounce. The offerings amounted 70 Nou'-
ooO OUNCES but the prices Of those TINT were
rejected were not made public me purchase, 'r
completed the monthly requirements, M 10
tnr,I.r offers will he considered until Wcdne'-
5ar ionuurv 4 The Mercantile SUE Deposit
Company, Of this city, reported s1cG G coa
on hand against certificates "t S'V'''V o""''''
- docroosn Of o3QgS ounces.
Tbn sub Treasury was debtor 70 the Clearing
ne,c aoe made nm by a loss OF $672.712 in
corr ",Sr' less cain of S5G.3si in coin. The
days operations neladed: Receipts s%'i @5 coe
p pai Of SIl0Gi2473. consisting Of SlOi,3'J,
os4 coin and 9G.3O9ls0 crrrercy,
The United States Treasury at WASHINGTON re-
ccivcd today S2s2, Oi4 National bank notes Tor
THc customs receipts wore SG2"55l' the ~
,ornoI rcycnnc receipts S2j7 .5j3, and the mis-
r. dnv.s WASHINGTON Ire sury statement ol casH
'hond or1 deposits i'm bank compares with the
Gur@s Of the last previous statement "a follows
-, On hoo OF D.nDrcn.
- ~ Co., 900 40 f-2 noi Inc. $40 1872
Sct gold hand sl-2, ~ T4--'i'"'- INV
Nct legal tenders o.ooo Coz o,c Tn. 90 O7G
on Iva d., -, q 40 90 De-. 5gj 2l6
Net silver on nd. lo,-3''il' 80
Actual cash IN the
Treasury vaults
over out standing - $500 oo- -. M oo- seo Nc 500 100
csrf"catcs - 40 - - 1,-I o