New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-08

WHAT WAS DONE IN STOCKS.

The duness of speculation to-day was not I'M.
expected because it was bank holiday in Lon
don. and consequently the volume of business
was reduced by the absence of ubitIaee dealings.
A more potent influence in the sane direction
was the general reluctance TO enter upon new
ventures on the day when Congress was convened
N special session. The weakness Of the market
had not been anticipated, and in view of the
smaller transactions il was the more surprising In
the prominent stocks it developed in tine
early dealings. although superficial indications
pointed toward large short interest. Union
! Pacific for instance, declined almost from the
start, and long before 1t had fallen per cent.
! Rumols of rcceivcrship We're not revived until
! after the decline was fully under way The
rumors met, usual, by prompt dcnias,
| although il was admitted necessarily that the
company had large obligations maturing in
short time, and that negotiations for extension
were in progress Missouri Pacific fell abruptly
over Der cent, hut it rallied with greater -
luctahcc, and it's final loss over 3 per cent.
! There was not the same excuse because it has
been repeated on every possible occasion that the
floating debt of the company is being carried
exclusively by lis friends. \ rccoivcISlip in this
ease must he considered utterly pr'posi"rDus.
General Electric opened az an advance of over
/ | PER cent, but after covering a range of > per
cent closed weak at about its lowest point with
a loss of per cent, while Sugar Refining con-
tinued TO pursue it's erraic course, ending with
a loss Of IA per cent The weakness was not
confined, however, to the so-ra!led t'ould on
industrial stocks. In spite of sharp rallies the
Granger shares lost about per cent on an aver
age, while on small sales Lake Shore, and even
New-York Central, finally Loot per cent. and
Northern Pacific preferred after a rally OF per
cent suffered a loss of IS per cent. The clos
ing was weak although last prices were generally
not the lowest In the last hour the trading was
light and, in fact. destitute Of important features
The general expectation was disappointed. IN
doubleday, by the first delay fr the present Sos
sion of Congress The public mind was prepaI'"l
for ringing message and the postponemcnt
for only twcnty-four hours was endured with
difficulty especially when IT was Know INA, ~
was caused by mere official Formally. IN the
interval cO1jcciurcs about the ric>>ag" ana about
the action on it i'll the two ho"tes oi congress
were offered On every side. None oI li'h WI,
sufficient 20 modify tn" financial SITUATION, Nn
while call money pasY il was In.possihl" !"
negotiate time loans. and in the d"Hrth o, cur
rency a premium, was paid for gold for both I'M
mediate and future delivery. Tbs premium
tended TO raiSa the price Of EXCHANGE on London,
and no large addition to the stock OF gold may Dc
FNp'''TiTIiI E i'T DAY II THE BOND MARKET
There were no transactions in Government
bonds at tho Stock Exchange, and change in
quotations. which remained AS follows
u s. 49,. 1891 n'dA'Ae' s.eure. 1872 % sa N'"~''
eoatin1ei at . T. s eur g.. 600 go I Io ..-.
us4 Ieo7 l l"s 10 S S,re. ls III
Dis Dis Col 60 i sS5 1ssiliiis iie
State issues werc wholly neglected. of city
bank stocks Trade-men's sold li5j AZ leo ana
Western National l4jl at 100
The general bond market was extremely dnll,
reported transactions amounted to Jess hnh
half day on saturday. The movement OF Micrs
was downward but from the lowest points tb"r"
was a considerable rally in many issues Atcnison
Is declined per cent 10 - 10, bat AZ :? re-
covered half Of the loss while "a seconds
closed only IA per cent lower at - %-4 On
cago and Northern Pacific lirSt' fell per cent 10
~ 10. and although dull, closed AT their lowest
figure while Northern Pacific conso's Is closed -
per cent lower at Al, after 80 IA. although
single bond at the close sold at IL 3-4. General
Electric debenture IS were per cent lower at
10 and many other issues sustained losses OF
Ia2 per cent. Reference is made to our fnlI re-
port Of bond sales :,
Money ON call ruled at about per cent. EN-
ceptionally renewals and early loans were made
at 6, and in tho last hour balances were placed
over night at per cent.
Exchanges. $500 ,2G2; balances S:i,i9?.s3j:
The Snb-Trcasury was debtor TO the Clearing
Uonsc S97655 It's net gain balance Since
Friday was Sal .4O4, made mp by "A gain OF ST.
523, $50 in currency, minus loss OF Sl,ll",i3l
in coin The two days operations covered re
GENTS S13435I5g: payments. Sl3,4oo.i1S; re-
suIting in general balance Of 81 $500, con-
sistinc OF S6l,170,31l coin and Slo5ls,'o2
currency. ooo ill.,,
bullion at 1919 cents an OUNCE. and made counter
offers Of the same price for the balance OF ~"
oneriuos which were 5OJ, 600 ounces. The Mer-
camille Safe Deposit Company Of this city re-
ported silver bullion on hand. against which GER
tifcates are OUTSTANDING at 1901. Ounces.
The United States Treasury at Washington r."
ccivcd to-day $l4s,s00 National bank notes for
redemption.
The customs receipts were Sj24,94?. the inter
nal revenue receipts S140Gsl, and the msccl-
Ianeolis receipts S7j,1GJ.
Jo-day's Washington Treasury statement OF
cash ON hand and deposits il banks compares
with tho figures OF the last previous statement as
follows
= Differences.
Net gold oil hand slOi $50 s1O2 POI 9j Inc Ssl3s2
Net legal tenders 49,. $500. 900 IN 49,
hand 1s3sl,S1J l.,.il O.S pc. tfU.d1
Net silver hid 2jio,04f 2JlNi1o De- "h0'
Actual cash in the
Treasury vaults
ccrtacatns xl22 3i5 07a sI22 5fs !GJ2 Inc s2o3ss0
Deposits in bank. II C35y2S loo2S "oi D''' W.