New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-15
CLOSING PRICES OF san FRANCISCO srocKs.
WHAT WAS DONE IN STOCKS.


Thursday. December IA. p. m.
There has been suspicious uniformity in the
transactions at the Stock Exchange in the last
three days Fluctuations have been narrow. and
the real business light. If final changes were
one day advances they were probably on the
next day declines. To control the movement
there were one day rumors Of congratulations.
and the next day selling which could not be
denied. Gold is going to Europe, but the out
flow is carefully explained and the Treasury De-
partment processes not TO be disturbed. Ihe
city banks have a large amount of specie on
hand. and they extend Assistance TO a Treasury
which does not need any 1t Is suggested that
q premium should be placed on gold bars posi-
bly, because the supply Of coin. although sii me
not adequate even to the redemption OF out
standing certificates. The annual report Of the
Secretary Of the Treasury Is delayed still further
because no reasonable estimate Of receipts under
the possible reform of the tar1n can be made.
1t is about time that the Treasury Department
should be relieved Of the embarrassment ana
that by act of Congress 1t should be authorized
to Issue bonds exchequer bills to meet it3
ordinary obligations Until there Is some sort
Of @ financial policy on the part OF the present
Government II Is absurd to expect activity or even
weii-defned movements In the stock market.
Special stocks may be affected according to re-
ports about the lucubrations OF the Ways and
Means Committee of Congress- but these changes
are merely speculative vagaries
The stock market Is waiting one. Chicago
Gas to-day was relatively strong, and II gained
nearly per cent, and one or two other industrl-
al or special stocks recorded small gains. but
they were exceptions to the general movement
While final changes were generally declines they
were too small TO have signifcance Rail-
way stocks yielded In spite OF renewed agree
ment TO restore traffic rates
THE DAY IN THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange. and bids for both classes Of As were
reduced u per cent. The closing quotations were
as follows: ,,,.,
Bid. Asked p,-col 80, 1904 Hilni IL
T. eoa s I'D Il 1881 : ssI 's $. "
$T sss IS s ss1 E: iss IL.
The business in State issues was limited to
Virginia funded debt 2-3 per cents. which were
firm at 57A, and TO Virginia deferred 6. stamped
receipts. at 6is. There were no sales or city
The general bond market was moderately ac-
tive but variations were small and final
changes divided. Atchison genera. As were duli,
but fraction lower at ia, ana seconds.
after 37%, closed with a loss OF y per cent at
$3.50 Chicago and Northern Pacific frsts de-
clined TO As, but Northern Pacific issues were
utterly neglected Philadelphia and Heading
first incomes were active, and after falling 10 .?
at 33a suffered a loss Of II per cent On sma'I
sales the general As closed nearly ! per cent
lower at TN. Reference Is made TO our Iui
report OF bond sales. -
Money on call was in full supply. at ~ and l
per cent, and the bulk or the ne" buSlHess "slS
done at the lower rate.
The Clearing House statement was as follows:
Exchanges s76,16s.033; balances. s4l65 H.
The Sub Treasury was creditor to the Clearing
House $500 O38 It's ne. gain on balance was 49,
46l, made up by a gain Of sl51.l63 In currency
minus a loss Of $77702 in coin. The day opera
tions covered: Receipts $3O290s7; payments. 81
e49 62s resulting In a general balance OF sy. W..
GIG consisting Of sG4.2e2G G2 coin and s2ho2''9Oi
Tho Iynitsd States Treasury at Washington
received to-day s422 0O9 National bank notes for
redemption ...-oo A.. ,...
nal revenue receipts s4O2,47S. and the miscel-
lar,eous receipts $50
To,days Washington Treasury statement OF
ash on hand and deposits IN bank compares
with the figures Of the last previous statemeh,
sa s,n . 9fS = s ass I Dee DTsiS;:a
s.;i S Siss @ ne
Actual cash in i The
over outstanding so, .-occ al, 90, -oo,n s,,,7
p ssrs.nsa in bank. SS52ST is5l5 Inc $500
No, cash siooai scs sioc 1857 Inc soa.7io
The foreign exchanges were quiet and strong.
The Immediate demand for remittance on ac-
count of interest and dividends seemed TO DE
satisfied for the moment sharp rise IN ,ilc
rates OF exchange on London at Berlin PIE
Guided further exports Of gold 10 Germany. Fol
lowing are quotations FOR actual business: 5hhk-
ers bills, 81 sA,A@M S4A and ~ S1Sg4 SIA .. iTr
francs 61O4s45lSA and 5l71kM5.lt7s: reichs-
marks o. -1Gds9J 3-16 and 95$. m95 1916.
''''' FOREIGN MARKETS
Tho governors OF the Bank Of England at
their weekly meeting made no change in Its rs
= ner cent In the week the bank gained fl74.-
o5 bullion but the proportion q, of Sc ey to
liabilities was lowered from oa.io to o..ss per ep
ner cent in the corresponding week last year,
When the discount rate was unchanged at
par cent At the London Stock Exchange
british consois were unchanged at IS 1-ls for
money. but a shade higher. at 9Sh for the ac-
count In the open market money was hrni
~ or nor cent for discounts and dearer al
Saa2a per cent for bankers balances bal ,,I Bar
ans.r,oar railway shares were dull, and varia-
tons were simply in accordance with the home as
MAJ ,o ge ON London being easier at 25lSis
francs to the ssn The Weekly nj
OF the Bank Of France nS ana Dos ncr 20
silver n Con-. srnounca ,h., ,bav
Charles c. Edey q s anS se New.Y ynrs and and
are prepared to buy anu 'e' N'"-io'A anu