New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-02

WHAT WAS DONE IN STOCKS.

Wednesday. March l.-p IN.
The rally in stocks which was begun in TN"
late dealings yesterday, was continued to-aay
during the morning hours. There was Il lively
scramble by the bears i'll Northern faciic pre-
fcrrcd, and Sugar Refining rose ncarl; " per cent
without even the excuse Of an Official statement.
This stock. indeed. was the leader of the market.
and il carried with il OF the upward turn nearly
all the industrial and special stocks. The general
market even. was affected favorahiy by ITS con-
tjnued strength The abrupt fall of about >
per cen. from its highest roint consequently
cxertcd depressing influence. II was suspected
that for violent fluctuations in "a mercuriai STOCK
there must he substantial cause. IL w'uid seen,
IN b., impossiblc that Sugar Refining STOCK slould
Inc thrown ont Of loans l'causc tire next quar-
tcrlv dividend NAV be raised to 3 per cent, ana.
according to some authorities. the earh!hg.
of the company Ill" 80 Iar3e " I
a more liberal distribution il prevented only ~
fear that il may provoke hostile Legislation or
InoIe energetic competition sugar i'hhhI w.
the most active stock. and It's final loss Wa apo II
. Nor cent but its fluctuations were "N''T'''d ny
National Coragc which dropPd per- PEI, CENT IT., a' ~
recovered only a half Of III" loss. II" p'1I ~,
this stock was said once more 10 have bc"l cios''
at n profit. .u.1 Ia. ouoc,,l
influences the market was neither ac'iNc nor
interesting The final variations were dlyided'
hut the largest were declines, and III" closing
of thc active. stocks decidedly weak ne
Whole movement was confused. however; ana 'hc
character of the trading unchanged. IN" SHOT
Interest was cast ont Of som" stocks bht AZ once
their last state WAS worse than their hrst
THE DAY IN TIE BOND MARKET.
There were no transactions in Government
Bends al the Stock Exchange, but the market was
firm at unchanged quotations.
4sisol cot, DIV ''' ys :n:e. s;,' iS.,
tinucd at : PEI :. Scar'os i isy1 ~; IN 80.
rs,5s III ,s; i i2 s sss S H. ~
DsC 1891 il e. ~
The business in STATE issues was confined 10
Louisiana consos As at ~ and IcnI|s-c rH,
no change in prices. City bank stocks "'n'
wholly neglected. g.. A.,
There was a further sharp shrnkasc in IN"
transactions in railway bonds. Ihcy were r.
ported at 81 $4,000, against $2,Oc1,ono ycst'l-
tlav and Ss,60000O on Monday rs IN" move
ment of prices still irregular III spite o. .,'
holders Of certain Issues are WILING 10 PIT "''.
them when the market is strong Ih'r' -
stcadily a good demand for frst-class bonds, ana
the supply is very light The particular chal
day were not important, although the advances
were much more significant than the u''ilii' +.
Erie second cOnsOls rallied from 90 TO lOlai w -
Chicago and Northern Pacific firsts further az
vanccd the fraction, at l-2. ana Northern "a
cilic consDl IS gained Ia per cent at 90 -.
Reading issues were dull and generally lover nut
the changes were not over per cent reference
is made to our full report Of bond sales.
Money on call was triflc easier Inc hish's.
rate was s per cent and the BULK OF ,he ne"
.
BALANCES again were offered at 4 II per cent.
The Clearing House statement was as iolloHs
Exchanges, Sls7,ooo,14s balances So'olS s.r0s
Uouse S627j2s Its net loss on balance was
$50, made up by losses Of 81 40 in com
and 81, in currency. The DAYS operations
included: Receipts. S2,4si,ls2: payments. 81
G47j4O: resulting in general balance OF $50
s7aO3s, consisting of $si,ls7249 coin and s@4'-
J'he Treasury bought 1890 ounces of silver
bullion at 81 cents an ounce. The o'erihsS
amounted 10 1,010,060 ounces. w
The United States Treasury at WASHINGTON re- re-.
ccived to-day S3O5,22 National bank notes Tor
rcdcmption The customs receipts were SSiS,,,
OIL. the internal revenue receipts S31',3'O, ana
the miscellaneous receipts $31,2
To-day's Washington Treasury statement OF cash
on hand and deposits in banks compares with 'hc
''o Toh 2s March I. Differences
No, ,, IN hand sCs sos 2o5 slO3 2ls sO Dec. s7'0.f3l
Net lega.tcndcr' o,-.o, ., n, 1os Inc 1-a7,o
hand...-.. a'0ia ~ c'5.tt ~ I,.c .oG il.
Net silver Oil ma o'o'o'-Vo "'-''' 49,