New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-29

WHAT WAS DONE IN STOCKS.

WHAT WAS DONE IN STOCKS.
Friday. July 2S-p N.
The stock market opened fairly buOyant. but
it was not long before it showed signs of hesita
ton. As rule first prices were the best for
the day. The reason for the renewed lack of con-
fidence not plain because buying for Euro
pean account was continued and the absorption
by local investors, measured by the trading in
fractional lots. was even larger than on previous
days. The importations OF gold from Europe. it
was admitted, had set in for the season. and were
likely to be very heavy for a few weeks The
Bank of England parted with Sl,0Oo.OoO in gold
bars, hut the importance Of this announcement
certainly was modified by the statement that the
shipment was in accordance with private agree
ment. IL was by a similar arrangement that
shortly after the Barring failure, nearly three years
ago, some millions OF gold imported, but
they proved TO be- merely call loan An inflow
Of gold from Europe is seasonable
and in consequence Of the recent exports
Of merchandise and the European purchases of
securities it is naturally exported. To have the
best effect however. the movement must be
genuine one and not merely an arrangement
The stock market has become sensitive that
forced importation of gold might excite instead
of allaying distrust. The decline i'll prices wa
begun to-day before IT was known that an AL,
ditonal issue of 50. 100000 loan certificates la
been made here and over 81 100000 in Boston.
The acton of tn" Clearing House Association AT
Chicago in authorizing, at last the issue OF loan
certificates was colnmendable, but the suggestion
| that the amounts issued would not be made known
was in the other direction. The policy always
| followed in this city OF announcing the issue
| and cancellation of loan certificates ought to
prevail everywhere 1t il entirely proper that
the names of the banks needing assistance should
be concealed, but otherwise secrecy ought 10 %"
avoided.
in General Electric, which opened at Al - and
IS . closed with n loss of Q IA per cent. The
decline was accompanied with confident rumors
that the company would he placed immediately H., IN
denied. The directors, however. have found II
necessary TO offer for sale more Of III" treasury
assets 10 provide for floating debt stated TO be
about Si.OOO,0OO but within two months II
was stated on high authority that the company
| had cash or quick assets much beyond Ito present
obligations: 1t is hardly credible that no,,
DAYS A still more active stock was chicago
| Gas, which fell 4 per cent from MS hieh'rt
point. but on account Of its opening alvlnc" ITS
| final loss was only IS per cent. The trans,
actions i'm these two stocks were nearly ohc-thlIu
| of the total business. In the final dealings the
Granger stocks We're conspicnonsN sron I %nn'
Louisville and Nashville was firm throughout ,hr
| day and closed at about it's HIGHEST point WIN
gain of over per cent Generally iInal Naria'lohs
were declines.
THE DAY IN TIE BOND MARKET.
A sale of $1,000 registered - wa, INA =, al al
| in tho day AT los IL, but subsequent sa,'.
| werc at IO9 IA, and coupon bona was s"iu
| At 100 The Government bond market cons
quently was not strong ana pi,s ii WIKI ,p,.
| As were lowered Ia per cent, rii'i i"
wore as follows:
nj, ,.poa BIe.Askca.
continued at : c,r iG ~ i co. io9
is$9 '%s 49, s"l s: gs
| Dis Col. 1865 1594.lilis IL ,.,
Among State issues business was limited 10 d
| sale of $1,000 Alabama, class a, az -, ~ Voo
CITY banl, stocks Tradesmcn's sold t2oJ az NV.
CITY o the General bond market the dealings com
prscd an unusually large variety OF ,ln sne' ISSUE.
dncncd early in the day, only 10 rally suos 7'+
ouently. while in special cases nist p'i,o o " nnt
The best As rule the huc',alloi'S a W. b;oher
mportan' t,ar innching Gs - and A" seconds
made a Gain of nearly per cent d nrtia,n
| were much less active. Nhicago " Inv, Northcrn
t paciic c"nsol 80 closed unchanged at AZ
General Electric debcnture 80 were not I"o o,c
| annarently by the furry IN the s'och' AM "p ,
s pa,nnS suffered final loss Of only per Gem
Refrence is made to our full report oil oo'''
| sales , :. rm,rded I.s rcr cent
MUnvs IN the morning hours, bat II was iio
| iono before rates fell 10 ABOUT I:al' ~ a.,
and toward the close balances were oncic" az
The Clearing House statement was as iolIo"s :
rvchanons' 81 6 .o0l, OBS balances, SGooS,ols;
| Ilnp Sub- Ircasury was uPntoI " NV
| House S112.3s2 The business OF the SUD IRIS
urv for the week ended tonight includes recc,P'S
| of Sl6s44IOl and payments ol S.u'ooo,: w,
| Leaving the general balance S16,o6o,So" asddiS'
| xsO5S5Df6 on July 81, an apparent loss OF
| ~ & 90 But dcducing from the pay nlente -
| Az. 900 and from the receipts S@'oi2'opo a"'
items which affect only its accounts WIN 'he gu
| eraI Treasury its gain az affecting the palh' - !,
| only 81 / o. and this result includes pay 'n
81 81 al $50 for purchases Of the facilc hh!"a y,
| bonds and receipts of $4,000 for payment d.
| other points. .,,, poo;nts 81
| 400 434: payments, $34ss,34 win balances VI
x644s4siO coin and Sl2,Osi95! currency. -,
IRE Treasury Department rejected onIs ,n ~
| o,0 O0O ouhces of silver bullion at prices ranging
| from 20 so TO $50 cents an ounce .. -
| Tho United States Treasury at WASHINGTON r.
ceiyed to-day SI5s.4i6 National bank notes LOT
| redemption uceo,Yo ,bo II,
| formal revenue receipts SJjO,JOl. ana the "i'-
| cellaneons receipts Sfl,57I
| To-day's Washington Treasury st?fem'h' Oh car.
| IN hand and deposits in hanks compares WIN
Tho figures OF the last previous statement az
follows
| July 81. July os. Diacren'e 8.
Ne, COLL on hand. s97 53o'o 57I"5 De- e"''''1
Net icso """e's eois5 o7o 10 s5o,G4t De-. 1919,
| > %, 10 cr on nd 5s5. sI5 53d5sl2 Inc ioo,'
| Actual cash in the
| Treasury wants
S% err Is pee 49, o 3