New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-30

WHAT WAS DONE IN STOCKS.


Monday, May 2J-p n.
Allowing full weight to existing adverse conGi-
tons the declines i'm the stock market today
nay not he considered serious There was a
natural Edlspositon 10 operate for a ri1" IN We"
of the pending Decoration Day holiday and OF
the apprehension respecting the settlement III Lon
don this week But this also tended TO render
the bear traders cautious, for manipulation III the
foreign markets while Ncw-lork's business IS Sis
pended is by no means novel. The advices from
London were not disturbing, although one failure
was reported High rates were paid 10 cany
American securities over 10 the next fortnsntiy
settlement but the crucial test of possible trouble
At this settlement will not he met until payday
On Wednesday The local developments IN the
rold situation to-day. however. we've OF snhr'en'
Importance TO La:e made more decided impr s"i"h
In values without exciting sdIpris' Ho'"i'h'
standing the slight increase in exports OF lnef-
chandise reported last week. the supply OF com
merc;al drafts continues extremely mcaSr"' AM
sterling exchange opens this Week with rates nr'h
Mt a large margin the eold-eN porting p'int.
To-morrows German steamer VIII carr ou'
81 900 900 gold, and 1t Is already announced 'ia'
in the two following days the shipments OF IN"
precious metal will amount To at least S',ooo'o""
A significant striw is the further withof'"a' u
S2CO,O0o gold for export to 'anana. n al =,
are generally agreed 'h1t the Wees ''.', nnfno
of ,clo will he unusually heavy nnic's u"'o'"
soon dovelorments check the movement -, ~
ess than half dozen stocks n'r,t' ,'e ,'rm
"activ-" to-day. IhadcpEla ana HradiiR' ~ Il
with the sales reduce to fati sto X hTnop"'n
more than onc-fith Of tn" aggregate d"ai'hs>' "',
il was the leader in point OF wraSh"'. a. ~, -,
The price steadily declined from Il IA 20 |" '-o'
- "a in spit.. of the bnoyant quotations IRON
London. which Influenced considerable GOVERN
of shorts early The ASSUMPTION oil wan mn
that the reorganization plan oitcialiN ahnouh 81
,h;s morning was intended to fail probably DIES
injustce Ru, the opinion is alm.,t hammers
that the conditions accompanying the sch"Hlc a.
surc its i,npractcabty. The required assent Oh
90 per cent of the general mortgag" .G h;
holding interest is considered virtual phNSi-
cal impossibiity in the time allowed. II Tor ~
other reason The funding of coupons on thc
general MORTGAGE bonds for five years may III ~
self excite opposition anil the proposed seven Ear'
yrtino trust is another experiment not a trle1v"
70 a,ockhoGcs Tho sea'imen' OF ,'ir ccmnlnI,H
G'rdine the apparent conaTn'n% Of w pcnGin.s
securities and credit in hi NrwEngland features
is rot he'Dful to tn new p IAN 1T any rare,
Feelings rtcrk and lrnds ref 81 IN" "on Ia Ion
10 sailurc. and chat foreclosure j ncyit'hl".
Tho only other Hallway stock mt r", ,n,,.I -
iao and st. Paul, wln"h fiuc-nttcd ir'm
6s 3-4a6o 10 6S'6s "a. ""rcrai Ihc'lI. on
,iruci romincnt in the traiins: hut 'iirrr
Of nrodts Nv The Irars rr!c6 tho price
g srsSs7 IS Amcric1n sugar kclmira, slowly
rccalod from S6 3-ias1 IL 10 81 - m Il
Owed a little tcao> cry TO So II. Di>till,rg III
Cattle Feeding fell more than :? pc, cent -,
Chicago Gas, alter fo1fnln- u''b"'N -
s,ls7e is westcrn rrion lost NOR than
nor cont but the significance lay rat III ne.
amount Of business done. Int IN the Snppr'l
character of tho selling. The general list MS
iower. the only noteworthy c>ccption beine ;l.'
rise in Chicago, l}nr'mAto and Quincy rom -
70 sass 1-2. Owing 10 Il" closing rf 81 ''',i-
st .ac,s Owe nre better ;han the lowest, br ,ho
market ended unsettled in t"n"
THE DAY IN THE ROND MARKET.
Tbcrc were no sales OF Government bonds at
L al he
8 per cents Following are the final quot tons
U.S. 49,. 1891. BID Asked q. q ,. 4
y: isS sss IFS. i lis SCI g sssa
State bones and city hAnk stocl<- wcr. elected
q. the expense Ct values The total trans lctio IS
amounted to nearly 81 100000 par value. Inla-
depa and Reuanf issues en wTaI MPd rc MnaT
ner cent to 70l-2. First prefer nee incomes fell
2i.4 per cent to "a 81 after Thing "a. , S"c.
81 90. Thirds dropped T. 70, ana at n" los, IRE
per cent at : Noinern Paclnc c1ns1s IS on ";on
rral Electric dclentures ~ further dropped p. per
cent to ~ Wabash seconds are down 3 per cent
10 II 81. Louis aud Southwestern S"condS WIZ
ner cent lower at 20, and a similar loss was sllS-
tanned by Toledo. Peoria and Warsaw iirsis al 90
Reference is made 10 our full report OF bond saics
Money Oh ftli gfncItlN .ui'u - -
In the afternoon there was brief spasn, which
carried IN, rate to ) per cent, hut closing loans
were made az = 1-2a: rei cent.
The Clearing JIous" statement was as lollo"S'
Exchanges S7O,2Ol,1O1 balances. Sf,22l, 400"
The sub Treasury was debtor TO the Clearing
House S244.352. Its net gain Oh balance since
Friday wss Sa.j0j, 500. made up by gains OF
81 75s 439 in currency and S1i1l40 in coin. Inc
two DAYS operations included Receipts. $3.50
3l2: uayments Sj.l24.1l3; resulting in gem
oral balanc,, of s. ,s9341l, cOn>oting OF SOB
4ls.ssa coin and Sls4'4.'.s currency .;,,.or
The Treasury purchased 100000 ounces OF silver
al 50 SIS out Of offerings Ct $4,000 ounces. In"
local purchases for the month were 3l6,o"o
ounces The purchases Iuir'd by law having
b.cn completed for Mav Oilers will H. con
sidered untii jane .. The Mercantile Safe Dep sit
COMPANY, of this city. reports silver bullion on
hand TO outstanding certificates, amounting
TO PSI sos ounces. nv
redemption. o.
mai revenue receipts Ss4l ,4J4, and the misccllA
neons receipts SlCo.13?
To-,!ay's WASHINGTON Treasury statement Of cash
IN hard and deposits il banks compares with the
figures OF the last previous statement as follows ::
Nav ~. MAY % Dhctsnc css;
Net GOLD hand s?s sC4.49o eossoo4-S ihc' f'o''-'
ON hand ~ ls:5s9lo I1.9j6.5t6 Doc. 27Ys 200
Net silver Oh hand lU.Col.04S i0l2525l Dec 4s's91
Actual cash In the
Treasury vaults
ever o,tstandin" -. 400 49, ,,,- -, a., .o- ,-,
,:i ~ so el: " 80 Dsc.t-'u
Deposits IN tank Ii.-'s,''" p'S'@'o-- i"o' ''oo'
Ne. ,.a nal sis ss 252 sIs2 1852 o.7 Dec 81 03e
Tho forci on exchanges were firm, with a scarcity