New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-21

WHAT WAS DONE IN STOCKS.
Tuesday, December 20-p.

Tuesday December Pop m.
relatively slight perturbation in some OF the
industrial stocks has been dignifed far beyond
IFS merits The British delegates to the Inter
national conference We're not bold enough 70 say
plainly that the United States was not able 10
maintain specie payments on a god basis III is
about time that servants of tie people should not
impose on il large burdens The faith and honor
of this country are pledged to the full payment
of IFS debts. Encte monarchies cannot prevent
the accomplishment Of this honest purpose Two
mole tary conferences stand adjourned; which one
will be the first to assemble and at what particu-
lar point wild the discussion be resumed? Inc
value Of monetary conferences as well as INDUSTRIAL
stocks was doubted yesterday. In support OF tle
leading industrial stock it was urged that the re-
cent fall of about II per cent III week was III
tie very face of developments favorable to the
comnanv The only persons who fully ac-
ouaiuted with these favorable developments must
be the insiders. and the management Of the
Nsti!Gng and Cattle Feeding Company has not
been changed since tie dividend was reduced 10
IL per cent quarterly. 1t Is now IL per cent
quarterly. and an innocent public is asked to be-
Ieve that the stock has been placed on a per
cent basis The general doubt was expressed by
the decline Yesterday and the rally to-day. Dis
Killing and Cattle Feeding fully recovered the ioSs
which tie abrupt liquidation naturally caused.
TIE most of the industrial stocks followed the eA-
ample
A lau i'll he rates Of foreign exchange seemed
to be the signal for an active buying for both
accounts The fall v as not large, but no a0so-
Int. ENGAGEMENTS Of gold for export were mace
aid . sn5ll parcel of 100000 was the only con
tingency. 1t not surprising III theSe cHcu.n-
Stances that Ianway stocks, whlch nave al III
lrInsic value, advanced steadily. ihose "IlVn
mai lDlt
perhaps hat they all made Substantial guns
lhe Granger shares were conspicuous DS hclI
strength and st. Paul ana kock isISHu Jio ',IIa
over Der cent hl2ler. Louisville and NashVlIie
rose nearly | per cent, and Erlc ON small pIF-
cha>,s, nl.t.e hc same advance. Among .i.e
.lccialuos Manhattan Hallway was foremost, DI'
il WAS SUPPORTED by Western MON Telegraph,
which is slppOsed 10 be owned III the same IN
lcrtst The closing not at the very highest
figures, but it WIS strong and confident
TIFF DAY IN The BOND MARKET.
There we've no transactions in Government
bonds ard bli, for one or two OF the currchry Ss
werc lowered J.? per cent he market was fairy
stcauy, however, at these closing quotations:
us,ss1s9l con: ysen Gu, g. so TO- Is;
unued at per !. s'o ,, ,G 1s 1os
Ss ::. #: liz: If
State issues were wholly neglected, and there
wer- no - es of cit. bank stocks no
The .encra. bond market was quiet, put 'Ie
/ general movement VI
other words. il required less buying TO restore
prices than selling TO dcprrss them Specu.d-
live issues OILY are considered; the demand r
investment bonds remains unsatlsncd me
largest advances were III ide by he fAlIadelpnIa
and Reading INC mes, which closed from J 10 J.?
p@r cont nj sher Even the deferred incomes were
II per cent higher al u. AtchlsJn s"coh"'
/ class L. advanced j-S per cent to % S. ana
Rock Island debenturc - were IN demand a 10
Many issues recorded actional gains reference
is made 70 oar full report OF bona Sale-.
Money on call easier. Early In the day
IA 81 were held at ard l. per cent. bnt they
/ ncs, was zone at about and : per cent Al tI"
close rates wclt nominal at ! per cent.
The tlcarIhr Il,use statement was az follows ::
| EXCHANGES SlDOI3G.9Os: balances, Ss,OlH,N2l.
The Sub Treasury was debtor 10 the clearing
! House 81 .07l,331. Its net loss on balance was
81 i 81, 1872. made mp by lose OF - ,A0?'6l" IN
! currency. less gain Of S3O9,22l In coin
| lie dsv'- operations included Receipts, 81
| 6:.t.n33: paynients, S4,s2O.325; resulting in n
| general balance Of 81 1.22H,sol, consisting Of
! SI04. $4,000 coin and S6,Psl ,9ol currency.
| The United States Treasury at Washington re-
cciyed today Sl97,l04 National bank notes for
! redemption. ~
The customs receipts were S375,30l the IN
tcrnal revenue receipts S226,1s1, and the mis-
! cellaneous receipts S2G,%4o.
| To-days Washington Treasury statement ~
cash on hand and deposits In bank co2pnr'2
with tie figures Of the last previou, statemcno
as follows:
ye. eo. on "a 1922 cds co. slaaf 90 De '2's7a
Nj G99 Ma on I'd s2 l i54fis B 5S2s
,,.,.i c.sb fo N.