New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-11
CLOSING PRICES OF BOSTON STOCKS.
Boston. Jan 10 1904
Nas.erdnx Tohay YcsterIsy. To ia '.
WHAT WAS DONE IN STOCKS

Tuesday, January up m
The only prominent feature on The stock
market today was Philldclplia and Reading III
which the transactions were more than thir'
of the total business. Its weakness w2s not less
oonsnicpor, than il, activity The utter collapse
within a wear Of another ambitious attempt to
control the anthracite coal trade Of the courtrl
was a sufficient cause IL was SAID, OF course
that the early selln. was for the shoft ac-
count. but at every rally stock supplied
and although the last price was above the
lowest il showed d loss of about per cent.
The weakness of the income bonds Of tic com
pany. Oh which full interest las been declared. was
significant of lack Of confidence in its further
earning capacity. The actual result Of, per
haps. the best year in It's history, WAS n sur
plus applicable to the stock Of less than goo
OOO Ills was fully Offset Gy til" fact that
the company was forced az the end of rs fiscal
year to borrow S5,OOO,000 more 10 provide
for interest payments after it had arranged with
an independent company for advances on nnsold
coal The commissions paid TO the Finance
Company, OF Pennsylvania, may not make II an
"expcnsve selling agency" and possibly the
pledge Of collateral trust bonds AT the market
rate for money. Acquisition Of Eastern railway
lines may may not supply new markets
for coal Loss than a year ago the lease OF the
great advantage. the recent dissolution Of the
contract was by mutual consent, and yet the
Reading Railroad is said by its friends 10 be-
benefited by the separation One claim OF the
other would seem Ia b., acking in foundation.
The general market was inclined 10 be strong.
IT, reported good authority that the Bank
Of France had withdrawn is premium on gold,
and it was inferred promptly that further cN-
ports could not he made unless rates for sterling
exchange advanced about II per cent. In the
expectation that the outflow Of gold had ceased
TOR m IL. "a lt Al
the movement might have become pronounced If
it, had not been for the depression III Reading
securities. The industrial stocks were still mon"
irregular Dstillng and Catt. Feeding was
second only 10 Reading In point Of activity, and
in spite of further advance III the price Of spirits
and the virtual certainty of an increase in the
revenue tax, il occupied the same position IN the
Industrial stocks that Reading maintained in rail
way shares. II pressed for sale a. III" mar
kct absorbed ii, and withheld when there was 10
appearance Of real buyer: In pursuance Of this
speculative policy its final loss vas insignificant
In general, the movement OF prices was irregular,
and the closing variations were divided.
TIE DAY IN TIE BOND MARKET
a sale of 10000 registered Is at li3 81 was
market. Bids for both classes OF this issue were
reduced again IA per cent. Final quotations
were as follows:
usAns1s,, con. H'dA'A'' u.scuro.Iss, 80, cldA'k'i
tinucd at 2 per, ,scurG,'Is3G l05s
Y s., ioo7rg 49,. a rs eai e,isas ii:'a 80.
,,i, col s 81 So. To-. "
The business in State bonds was limited TO a
small sale Of Virginia deferred Gs receipts at Z.
OF city bank stocks Fourth National firm at
200
The general bond market remained fairly active
and, with fcw exceptions, prices again moved up
ward The drag on the market was furnished by
the Philadelphia and Reading issues. which con-
tinued their downward course First incomes
steadily declined per cent to "a IS and -. sec
ands closed "a lower at G7 81 after sales at g. 3s
and thirds fell 10 80, and at - IL suffered loss
Of Is per cent. Reading general Is were not
specially active, but they ended with less Of 81
per cent at SO -. In refreshing contrast 10 tn"
movement was the advance III Union Pacific col
lateral trust Int"s, which rose j.? per cent -
OF on continued sales of the underlying bonds OF
branch lines. The amount of these notes Il being
constantly reduced by an Investment demand for
the branch line bonds Reference Is made % oar
full report Of bond sales, which amounted 10 about
81 $4,000. -
Money on call was suddenly much easier. The
highest rate was > per cent, and lew loans Were
made at that figure The bulk of the new bust
ness was at 4a4 q per cent and the last loans
were made AT 3a3 l2 per cent
The Clearing House statement was as follows /:
EXCHANGES Sl435G', 455; balances - 222,O6l
Iio,ise Si.loe,o33. It's net gain on balance was
1861, made up by gain OF 100000 n
coin. minus "a loss Of Sl7G,35s in currency. Tie
days operations included Receipts. SI,l25,2l 8;
payments. 1851 BOZ resulting In general bal
ance OF $l06, 1862, consisting Of SlOl ,3J6'
5l3 coin and S5,l2l,G40 currency.
The United Stutcs Treasury at Washington re-
ceivei today $52o,,53 National bank notes for
The customs receipts were s4OO75e, the in
ternal revenue receipts S2s2,3GO and the misccl-
To-days Washington Treasury statement OF
cash on hand and deposits in bnnlS compares
with the figures OF the last previous statement
as follows:
Ne. gold on ma 'f 80
&c" &c. XXX sg ""''s l7iesos ssli s2S Inc. AS cs