New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-17
Ycster,iav.T To-day.
WHAT Twas DONE IN STOCKS.

Friday December l6-p. N.
IIirh rates for money and unsraNonaOc exports
of cold have caused an abrupt liquidation III the
industrial stocks The price of spirits may b"
raised 3 cents a gallon daily; the insiders VINO
fX tbc price NAV lie liberal sellers Of tie stock
There is no law TO control them. Inc aht-'ruSV
law is iropcrative of course, because most Oh
the companies have been regularly Incorporate
in New-Jcrsey Or somewhere else. There ar" 10
trusts now, but only corporate bodies lh'Ic
should be consequently no Discrimination III lo''S'
The banks ought 10 lend money OIL sugar
Load or Distilling. Just as freely as on Lake
Shor. or Northwestern. The industrial STOCKS
have the plain advantage of paying larger dlEl-
bends II DistillinG pays 6 per cent, there w9aid
seem 10 be no reason why the stock should D,
ceiling at 6S OF CO, when per cent f4iIWdS
stocks are selling Considerably above par values
would seem TO be out Of Joint
The forced liquidation III the industrial stocks
is strong argument in favor OF railway STOCKS
A great danger has been avoided. lie pfOlll-
nence of the industrial stocks. as a. factor III
speculation. is thing of the past me mafKcl
il becoming more natural and reasonable STOCKS
ar, rot selling according 10 their earning ca
pacity proved BY long series Of YEAR. out
strictly according 70 professional mahipnl3iloN
The early movement OF prices to-day was DOWN
ward, and after moderate fluctuations the clos
ing was heavy, at something above IN" lowest
figures. The. market was active hut HnlIr'u "
natev Distlllng furnished nearly orr-ihifn 81
thc total business The final variations were d"-
clines, but the industrial stocks suffered The
iarccst losses The railway stocks were hrl, al
though fraction lower
THE DAY IN TIE BOND MARKET
Government bonds were wcak, although the
only sale at the stock EX hanec was 81, 900 cou-
nm A. Al ii4 3-s Asked prices for II were low
ddrcd Id Der cent and bd9 for most of the cur
r1ncy issues u per cent The closing quotations
were a. follows -
Us4rsisel T. cur Gs 1s S5S IS7 80.
tinucd per y . ~.vi, Co t6,i, ''''
r si. IS iso5 couIii ill., uscura'l''' ~ ..
n...,o..4-"1. u oos.II3s ...
rho busincs, in State issues was limited II
email sales Of North Carolina special TAX. cas-
! =, ~ 4 and Tennessee settlement - at
or city bank stocks National Exchange SOFA ''J
a' Railway bonds were not in demand, ana gen,
c,alIv prices were lower. The final declines W.T.
| nt imno1ant however, although III some SpcvIdl
issues they appeared to be large Ke'dihS ~ nc,
nSs <r Taiyl, Steady. but the frsts lost 5-s pei
cent at Il "a. Texas and Pacific nr nd Kg g
! Tor cent TO 49, Toledo, st, LOUIS ana M M ~
tiiy Grsts were per cent lower at -. r r,.c,
,nnGSd Terminal issues were irregular Reference
IL made 10 our full report Of bond sale. " a.,
| Money on call ruled az 10 per cent. ~ 60,
os,nrnn9r tbere Was some business at - pei
! cent. but the last rate was per cent ,.,".
~ nnt 70 he overlooked that the supply =! '."'
money at per cent i0r ioui III" ''H
'aI r He Ce,rjnp House statement was as loiIo"S
Exchanges, $40. G9l,53G balances, sou, a..
hn IL
Clearing House 81, i3j,1sG. The business o. ~ H.;
| - 'rrnas,rv for the week ending t0-nlgIt III
o 1,rn rcceints If SlS,52OlG0 and pawn ms .
| 80 800 az leaving the General balance - ,,
| Sry'%qo arainst Sl15,11i,311 on Lcc"h, &.
80 ,rn,renf loss of Sl,3Os9SJ. i'ut dcIu'"i
Srnu1 Inc payments S2,4ls,OOQ am IRON ILL., ILL., ,
cenis 81 t9i 900 for items when aneGt OILY -
accounts with the general lIc'sut,if, rot,,ir =,
@trrotinr the banks IS SOS $50. ihls Ir,''' -
80 r~ocoipt. of - 90. 900 Tor payments a. 2''
! points aud payments OF F-"''0' i''
pociGc Railroad bonds.
"To.day', operations included kc1"lP's, o.
t.+psi vayncnts ~ ,o3?,'jH, WIN p"I",'''
ca, ia 1913 com AMI Ss.l41,'O' cuit'h,N H.,
me Treasury bought 2'roVU ou.V," " oo,,,
I,uIlion at prices ranging rom o'.Ip - =, an
' nunce The offerings lmounl'o 10 f.pg
w i'"s bnt p,ccs of tlo>r that were rrJscrl WET
rot made public The Mercantile oaiu ,Trp -
Company OF tins city rcpJrr sivvI ~ q. =,
Ind at gJi.Ss1 ounces, ucc'o"S' VI -'''
The United States Treasury mt "ashihS.oh -
ccixcd to-day S23J,061 National plAN ho'e' ~
redemption. ,,r, GO oss thn i,
| formal revenue receipts S1'p'7"0' ann ''' ~
ccliaucous receipts 81 ,Oyg o...o,..,r, d
"a dov's Washington Treasury statement
c,sb on hand and deposits IN banks e',nPn. a
. with the figures Of the last previous '"" '
as follows Toe +, Dec 1o Difference
yct god or band.$i-3 ,sa5 5s7 vi o'' ''' Nes
Hes iee,, 'e"aer' 41osl 1914 4o5o 1913 Dec. 49, 70 70
Net sil'tr on J. u 'o2' N. ----- -------
Actual cash in Tho
otsr o"istaad'ns .,oo 10. 40 ync $500 o,
certificates .SI1 'ooo? II ia TO- Iu.. 33l ,Oi
DEPOSITS IN Dlhk lI'o'''li' i Il'0'
-. e,.n ,,,..77iooi4<si sieo7a7 go ne s7ss,i'
s...t Z.