New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-10
, ROSTON kvOC6S.
Boston, Feb. g. 1893.
WHAT WAS DONE IN STOCKS.
Thursday. Feb. 9-p.


.ho ,oorr;ro bours to-day the stock market
,ras stronc and higher in consequence of the state
rnnt nublished in The Tribune that the leading
o;ty hsnls voluntarily had relieved the Federas
Treasury by surrendering gold certificates for ieea'
tnndcr notes. So far as these banks are con-
cerred. the exchange does not affect their reserve
hecanse legal tender notes, both OLD ana new arc
eouivalept TO gold, but the Treasury Is Strength
ened by the increase in its stock OF gon AZ '"o
close of business exchanges to the amount VI
nearly $4,000, 900 had been made, ana ms 80
considerably beyond the brightest estimate OF goiu
Axnorts on Saturday. In fact, the shipments Vi
gold at the end Of the week are very uncertain.
No actual engagements at the SUB treasury n%t
heen made bnt il Is understood that the cAporle
will not fall below $500, 900, an: that they map
roach 81 OOO, 900 At the highest ligufe lhE ~ WIZ
untary action of the banks VIII enaoie .r an
ury supply he demand da o provided for
fhe old legal tender issue The SITUATION, ~ iip
be- admitted is not altered by the patrlotlc ac,on
Of the banks ihe ssaD wbs %, rscep, perhaps,
in England. and the outward movement OF 20, 10
NAV 5c continued The demand is now 10 De
supplied New tha, ,her specie ~n is at
snry-ice OF the Government. The improvement ID
the prices u socas which ma naturally here aolSw Ss
sharp fall of nearly per cent IN DISABLING anu
Cattle Feeding stock, which closed weak al us
,o1yest noint. Officers Of the company are trying
to borrow upward Of $500 90" on pledge Oh haen
honso rcc.ipfs and their efforts have not yet peeh
successful The money may be needed ior t,'c
naynent Of rebates. although dividend ~ near
az hand and tho rate coul1 Lot ne rcnnfeu and
even decent regard TO recent p pp,1isSsnhia
statements Among railway stocks PhiladepLi..
and Reading seemed To- be pressed ioi SAL, J ~.
while its last price vas ire i1"e,' no, nor 'S The
snIIina near the close was supposed to De I1r
tho short account, but the excuse was not wt,,-
founded. There is apparently a large smoit
torns, IN me stock hut the prolonged weakness
rrnves that superficial indications may DO aeccp.
Eva The rennral declines were about 81 P,r
cent on an average, aud The CLOSING was noa r;b
ill., rste. for money had something To 90 WIN
IN ,onvcment and the defeat Of the attempt 10
ranaai the silver law made them.
THE DAY IN THE BOND MARKET.
Government bonds continued to be ncslcctc cd
at the Stock Exchange ana az 'ne nor cent
.skcd priccs for As were loWcreu '-f pci ''"V'
The last quotations were as follows: ,
Us;.ss1se cur SO H. -:
:::4i; as: :S' H.
The business in State issues was lin, S.1 to
Alabama, class b. at lo4 u; Zoo vi Guy 'D""
stocks Commerce sold Qol at l9s. hrt mot
The general bond market was irregular. oh nsl no'
woaE slthouch some issues recorded small l9s s
philadelphia ard Reading incomes were inoi' snc
to rally. but flrsts closed without cila"Se; ner
2
cent lower The general mortgage As were qt' =.
and Arm Richmond Terminal fola'C o@est f pont
Chicago and Pacific hr ps. fell eon $50 p S.
u ,.rn 10 nor cent of at 49, Reference is maze
to full report Of 5 bona sdies dearer The sup
n,v a. i-aa3 per cent was ample until the iass
hour, when the rate was forced Sns up 10 a, ts
Senu aSI exceptional loans were made at per
cent. At the close balances were onefe' az
The Clearing House statement was as iSlsSws
The Sub-Treasury was debtor to me Tearing as
House. $s67 1898. Its net gain on naianee wac n
=, ooi 107. made up by gain of S3,46o,44s IN
COIN minus q 7oSSI in ous gs 7s sse
aaN SG'I75.0s6: resulting in a general
baiance Of Sill .Os2 800. consisting OF S9''44o
On. coin and Si5,636 064 currency, 40
Tho United States Treasury at Washi s. o. To-
we'd to-day So54,7.7 National banR ho'es '''
redemption ,,.ro $500 AGA. the i'm
...na, revenue receipts Sil2,06o and the miscei-
iercous receipts $50, %. ...,orout of
'sa To.days Washington Treasury s'A,e'ncn' %