New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-07
CLOSING PRICES OF BOSTON STOCKS.
Mn AIR.
WHAT WAS DONE IN STOCKS.

cors;dor;rc oil the untoward conditions, the
dorross;or in values M the Stock Exchange to-day
s NOT grcat Declines were almost universal
and many important losses were scored, nut
there was no activity which comes from pressure
of holdings and excitement was entirely iachin4'
In the bond market there were some sharp ~"
c,incs in values, hut these we're generally coh"hc"
10 issues already discredted or to those 'ha' may
have suffered from the closing out Of loans In
tho stock market too the transactions fcprtSen'e"
no general movement and liquidations were ac-
complished in an orderly way with varying
changes in prices that wcrc determined largely
bv the position Of professional cli1ucs
The bigh rates for money brought the most
nressure against the stock market The With
draw,l of more than 100000 gold from inc
Subj rcasury for shipment to Europe tomorrow
eeems specifically to be an extraordinary trans
action, in view of the Generalization OF t"e
foreign exchanges The fact is forgotten 'ha1
there is an urgent demand for gold from aoro''
for various financial and political reasons ana
that demand is bound TO he satisfied IN .nc mr.
ket which chooses to cheaper the precious metal
IIioh rates for money will not check sucn ihoF''
ment when the rates are the pr0iuct Oh ui',r"s! ~
either currency or speculative p si.ioh ~ !,
shipments of gold tomorrow NAV rcdut vi" 90 , III
tha National Treasury to SOL 100000, ami the
New-York banks have lost 20 lnucl reserve W
their country correspondents tia' ''cs I'm 80,
hr ,;u o. " tdmnorizing Treasury p,lcy. Tn
credit of the Nation is sufficient, however, TO Fiu
vide ample means for ailayins cNS,'hI n,"" fc,r.
stringency in so far IA that results from iedi'
connected with the sil Yer question. -. ...,,;,
The industrial stocks suffered severe losses, WHO
American Sugar Refining as the leader, MN
tho activity shown was not comlDcnsaiale VITA
the extent of liquidation reported 10 NV s,na
place In the railway ist the Pr,n,r,,pal LOST sn
ouincy~tlie 6rst-named stock still suffering from
the collapse Of its too extensive ambitions an
the latter being classed by the Dear ofrno,
amonr the systems weakened by excessive branch
Ings-out The less marketable stocks were SUI
ferers peculiarly from the monetary ttIinscncy'
but in some Of the stocks which ENJOY al ''ari
national morkct-likc Erie and Louisville AMI
Vashwijle-,herc was notable resistance 70 thc
general declining tendency: ,, .,
Sentiment in the Street is sfli snstah'd nS III;
hone of an issue of Government bonds that VIII
i've foreign gold f. relieve the monetary strin-
rency. II also looks beyond the inaugural adhr'S
for cfiectivc work for sound france. tn" market
Inscd ri lowest points as a rule but it was un-
settled rather than weak
THE DAY IN THE BOHD MARKET
There were small sales OF Government per
cents at the Stock Exchange at tho bid price. The
final official quotations were as follows
.i:sss 8 Sc! s sl:ss e
e; s.; }}EE
| Tennessee settlement Gs at - "a. IN city bank
stocks the only sale was Of Bank OF Commerce
| 40 at 1913. accidentally
active. the sales being about S1.Soo,ooo par
value Depression was general ir sSmPa''y wi VIZ
tho decline il stocks Unusual ac, rice 70 e
and at 81 l.? a net decline was scored OF -
per cent Tho circumstance suggested thc ci1 c
ing ont Of bank loan Ere second he eUn'I Pacific
consos IS fell "a per cent TO O. 3D. anh 'l%rr
were material losses in Philadclp hia and KraainS
issues General Electric dcbenture IS ieli FL, III
per cent TO - H. Reference ~ hlauc " o"i '"'
There was an active demand for money all day
ner cent bnt the bulk Of the loans was made
from * TO 20 per cent. The demand continued,
however. TO the close, when the top prices oi inc
| day were bid. 80 ,.uo,.s
'rhe Clearing House statement was as i. follows
Exchanges $3.50, $685. G3; balances. S4,9l3 i4o:
The Sub-Trpasury was Debtor 70 ,le Nea airn
uou.o eso3137 Its net loss on balance since
Friday was $467,7l6 exclusive OF an app p, rem
transfer of book Keeping balance OF 20 az ;n
The loss was vnd %a@s up by e"n The days
operatlGns included Receipts, S4,oos,o2+ pay
ments S5,326.o7o: resulting in genera, na'an n;n
of sio5'4asS sax c STnsssI"s 0' 7''''
ana reasury pnrchasei 100000 ounces of sill
| vor NJ nrices ranging from 1910 TO $50 me
go, oger;nos were 81, 900 ounces tuf me pTIn's
to'a. one a;ncted bids were not made public. The
Worcartiir safe Deposit Company Of tins CRY re-
ports silver bullion on hand 20 sec' ounces de-
| certificates, amounting u "s''''' '''
The ceremors at wasrH1"m On, on
| cc."rdo" Wv Tho weekly Treasury statement VIII
he found below and tho Government receip's are
nr;nted there instead of in the usual place on MOI
| ggaWs To-day's Treasury statement i'eressarny
o omts Saturday in its comparison with previous
| figures. ,. Txo,surr statement OF cash
| ' ,uJS arI donosits ~ banks compares with the
an NJ The last previous statement as follows
| "-" ,,.. Match a. Differences
| -. - hand s1oy g9i 127 siO3 ,0j2.Gl2 Dec f52,ol"
Net lccaltenders an aon $50 e,1 Dec 3OJ, tsn
| OF hari. ~ Zee sO-s OIS Dec 100 333
| Net silver on hd o'"o''""o e.v
| Actual cash IN the
| Tr~asurv Tul.s
l over ortctand- 49, -o- q, M. no hoe
inc cetnc IT, sIyo y" 10 c-a los Inc oyi 595
| renos.s in hank II''3-,oi" '.,o,
| 49,, s11o 200 Coz 81 II .6,2. sGJ Dec s7o7,742