New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-16
MONTHS T~Jft on 7- = y T. u 80 =
WHAT WAS DONE n STOCKS.

WItAI WAS DUNE l' SlNNNH'
The stock market to-day was Irregular and IN
settled, although there was check 10 the heavy
ceiling movement Of, Saturdays shtdf, session.
There. WAS no change in existing speculative con
dit,Ons and outside Influences were OF A rather
moro depressing natur. The prominent features
of the marke. We're the absence OF buying sup
port except from hiful purchases TO cover short
Contracts and the pni'stcni slles OF securities ior
London account. The days advices lioin abroad
we're ample excuse for the adverse attitude OF
European investors, which il daily becomes mere
apparen, is the result OF Gre neceSsity. ihiee
by cable. Two of them are of decided Import
ance, involving deposits that aggregate nearly
c.O.O0O,O00. All the London markets were ex-
cited and depressed while serious failures az the
stock EXcbanger.at that centre were evidently
only averted by the process OF tdng over In
the circumstances it would seem imperative THAI
England should turn TO this country fer re-
enforcement of its gold reserves. The foreign cy-
changes offer ample margin Of profit in shipping
gold 10 London, and while houses here are reluc'-
ant to ship on account Of the unsettled home con-
ditOns IL seems virtually settled that something
like S2.OO0,O00 of the precious metal will 80 oLt
on Wednesdays English steamer
The reflex influence OF the foreign situation
was felt in the stock market by the shares which
possess IN international character The trading
in Chicago; Mllwauk"c and ST. Pau! absorbed
One-siXtI OF the entire transactions. The stock
was persistcntly weak through numerous iuctua.
tons Opening at 6sa67 IS it gradually rose
10 %, but then as steadily receded to &C 81. Toe
late rally carried the price 10 IS, but at the
clOse at 81 "a II showed net loss OF per cent.
Louisville and Nashville fell from 81 3-4aG6 IS
to "a a ana closed at % IA, a decline OF "a
per cent Union Pacific. after sales at 3Oa2S Pa
20 Is, and Atclison, after fluctuations from
:ja!4 to % 5-Sazi Ia, are down IS per ceit
The general market was teverish and heavy until
the last hour, when rapid advances on the short
interest carried Rock Island, Chicago, Burlington
and Quincy. kackawaDha and a few others above
saturdays closing range On reports of favorable
progress in recognizing the company affairs Nl-
'onal Coriaee rose over : per cent. Manhattai was
"a . L
splcuous feature Of the day was New York Cen
tra. which, on unusually large dealings, fell from
100 81 TO 3s, recovering near the close to 100.
II was difficult to determine whether the dec line
was the result Of foreign liquidation or the closing
out OF an assisted" account
The reports regarding the Western banks were
more reassl,fing and although there were rumors
of Impending troubles i'll the Northwest they
happily not verified. The .parkct failed 70
hold the extreme prices made on the late rally.
and under pressure OF renewed Iondon sales m,
closing was irregular and barely steady. '''
TIE DAY IN THE BOND MARKET
Government bonds were firm, and sales n,
registered As were made is per cent above tiIe
bid prices. The asked price of the coupon a. w,s
reduced 3-s rcr cent Following are the final
quotations:
4. s. AS, 1891. con. tscurGs, lS0j.iO5 800
tinued at per Sounds, is9c 1917 -.
s.: 1884, 1897 ssis ! l:. s s$'S 1s ss5i
Dis .Col.3O5, 1s341iia ii2
State bonds were neglected. The only sale in
city bank stocks was ST. Nicholas l23 ut 1870.
The general bond marhet was more active, but
the increased business was at the expense Of
values Reading ISSUES were notably weak the
first preference incomes declining .,-s per cent
70 80 IS and the seconds per cent To 20
Most OF the Southwestern issues were weak at
losses Of la3 per cent. Oregon improvement -
fell Is per cent TO As rs. Richmond Terminal
collateral trust rs lost 3 per cent az 5, IT,
Atchison seconds. class A. are Of l-2 per cent