New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-20
CLOSING PRICES OF BOSTON STOCKS.
Boston. October 10. 1893.
To.h II
WHAT WAS DONE IN STOCKS.

Al Min Go new 80 80 General Electric a 49,
WHAT WAS DONE IN STOCKS.
Thursday October 19-p. m.
The stock market to-day was dul, and until
the last hour devoid Of interesting features
In the early dealings the industrial shares were
exceptionally depressed and the subsequent
rally in several instances adequate only
to recovery Of the early losses. The weak
ness may have bean caused. perhaps. by the
passing of the semi-annual dividend on its
first preferred stock by the National Starch
| Company, and by the postponement by the Ma
tiona Lead Company of the dividend on its COM
mon stock As rule. however, early prices
were the lowest for the day. In the last hour
there sharp and apparently unexpected
rise. in which the Granger shares We're spe-
| cially prominent 1t started by brisk buy
| ing, evidently for the short account. In con
sequence of Washington rum9rs suggestive of
early vote in the Senate on the Silver Re-
peal bill. The rum0rs were frequent ana con-
fd ant and were supported by Lrivate advices
from members of Congress- They were sufficient
at least, TO excite great alarm and uneasiness
in the ranks Of he bear faction. and the veteran
leader was reported to be an eager buyer, with
out much regard to the prices that were asked.
| The particular rumors which set in motion the
advance Were found afterward TO be unfounded.
but the prevalent opinion that action in the
Senate is close at hand was not disturbed
| The movement was general. and in the leading
stocks the rally was from 10 nearly per
cent. st. Paul and Chicago. Burlington and
quincy advanced with the greatest readiness,
much larger gain. The heaviest advances &C.
Cured in specialtes or stocks that are not
and quincy We're only large fractions. but
Missouri Pacific gained !. Northwest ana
Rock Island each IL. Lake Shore ~. and Can
ada Southern 2 per cent. While final varia-
tions were usually advances. exceptions were
not infreauent. and Erie lost Y and Louisville
and Nashville Is per cent. while Distilling ana
Cattle Feeding. General Electric and Phiia-
delphia and Reading closed absolutely without
change. At the last small concessions were
permitted in the most s'0s snI I h
closing was strong and hopeful
One OF the most promising circumstances. al
though it attracted less attention than 1t de-
served. was the continued decline in the rates
of exchange on Europe. They are slowly APP
preaching the gold importing point. and
further fall of less than cent 10 the ster-
ling will attract gold toward this country un-
less the Bank of England should successfully
oppose the outflow.
THE DAY IN THE BOND MARKET.
ss,es of Government bonds at the Stock Ex-
change were 500 900 coupon As at 1llls and $1,000
registered As at 1l1as. They gave strength TO
the whole market, and bids for AZ were raised
q per cent and y per cent for some OF the
Currency issues. The closing quotations were
as follows: did ABA,
U; co 81 ase d aSs! y:ssS.SS:' issjiSt
49, 49, Ok lssl H Il: ss%fS lsss
Dis.Coi a-e5 1884 .ilIis H.
Among State issues Virginia funded debt 2-S
per cents were moderately active at us resu,
lar and 90 on sellers option for 20 days. or
city bank stocks American Exchange sofa wv
at 145 and Republic 000) al 40
The general bond market was quiet but eX-
tremelv strong throughout the day. The move
ment of prices almost universally upward
and as rule last prices were the highest
Atchson general As advanced u per cent to
68N and seconds, class A. IL per cent to 81
Both issues were moderately active. Chicago
and Northern Pacific firsts on small sale
Welded u per cent at Az. but Northern Pacihc
firsts advanced 3. to 104's and conso 5s gained
further Il per cent at 81 Erie second consols
were virtually neglected bat single bond
was sold at advance OF " per cent Pnla-
deIphia and Reading issues remained quiet. but
firm and general A. gained the fraction at 61la.
Many subsidiary issues Of the Union Pacific sys-
tenn rose smartly Kansas Pacific consols per
cent to 70. Oregon Short Line o. per cent TO IL
and Union Pacific. Denver and Gulf ilrsts ~
per cent to 40i. Reference is made 10 our 1ull
report OF bond sales.
Money on call remained extremely easy at w
and per cent, and the bulk Of the new bus-
ness at the lower rate.
The Clearing House statement was fol-
lows Exchanges $S9,92l,sS7 balances. a.
5s74is
The sub-Trcasury was debtor to the Clearing
House $740,73). It's net gain on balance was
s6211. 800 made up by gains Of $96l.63l In cur
rency and $5.?4s.6H in coin OF which s''oooooo
was by transfer from San Francisco
The days operations covered: Receipts, 49,
500 S37: payments 81 GO9.532. resulting in a gen
era balance of SCI 800. consisting OF $Hl2l-
656 coin and s7,7SS.643 currency
The Treasury bought yesterday at Its counter
offer OF 1345 cents $4,000 ounces Of silver bull
lion. The Mercantile Safe Deposit Company Of
this city reported bullion on hand against out
standing certificates at 1921 ounces
The United States Treasury at Washington
received to-day s4so469 National bank notes for
The customs receipts were s5s4.s7s. the internal
revenue receipts $5s3O3s and the miscellaneous
receipts S205l5
To-day's Washington Treasury statement Of
cash on hand and deposits in bank compares
with the figures Of the last previous statement
as follows
Ne, gold on hand $50 Soao2o sss.ojjos Dec s5s595o
on hand 1oaso3ls OH 800 Dec. Q 47osso
Net silver on hid 7,322.o40 s'aoi,sii Inc. lje.2oi
Actual cash In tie
outstanding .e..
ceriIaeaes si9 $40 ss5 sa9 $50 $50 SO Dec
Deposits in lsnk. l2,yss23o i2''o'''e2 Inc l'o''''
Net cash BAL siIseca.0 1858 se5 Dec 81 CSC toI
The foreign exchanges were dun and weak, and |
for sterling rates again were lower. Commercial |
bills were in fair supply. but the weakness Of |
the market due chiefly to a lack OF demand for |
remittance. The present rates for sight sterling
are within a cent Of the gold importing point,
and i'm direct consequence money In London IL |
reported to be hardening. Following are revised |
ouotatIona for actual business: Bankers bills. |
81 S260sA S2is and 81 S4' for long and short
ling respectively: French francs. 5.22hQ--a and |
500 reicRplarlts. 94js@s4ss and 95H@95ss.
FOREIGN MARKETS.
The governors Of the Bank OF England at |
their weekly meeting. made no change In fits |
Official rate Of discount. wsiich remains at per
,o.rt In tho week the bank gained f247so bull |
i'm hut the proportion OF reserve to liabilities |