New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-08

WHAT WAS DONE IN STOCKS.

SleculatIon in stocks was Affected to-day ny
fear of an acute strngcncy in money. High
rates for money heck exports Of gold, and az
the same tine speculative buying Of s"cnriti"s
As money accumulatcs in London and becomes
scarce in Ncw-lcrk there is Perfectly natural
suhsdoncc OF the outward flow Of gold. There
is now tho additional influence Of somewhat
lcratr exports OF mer ,hdndse in consequence of
lower prices fol- grain. II must not he inferred
abruptly tina; exports Of gold have com" IN an
end. CT that III" balance Of trade is likely TO he
turned AZ once in favor Of this country. HE
necessities Of tho West have raised the rates OF
money, and necause they are materially lower
in London tnan thcy are in New-York. the foreign
investor is supposed TO be hcsitatng. lie Is
doing nothing Of the kind, hut selling stocks
whenever he fin the market in complacent
mood.
II is quite possible that the apparent stagnat'on
does not represent fairly the vacillating policy
Of the Treasury Department special session
OF Congress requires thirty days notice, and IN
this instance a period of three months is era
ciously allowed If vote to repeal the Sherman
Silver law were assured. no such time would bc
gwen Savings banks are forced occasionally 10
take advantage Of this rro\ isicn. The author
lied statement by sic President Is rlea LOT
DELAY I'm three months ON people may know
moro about tho silver question than thcy DO
TO-DAY. ard therefore let Us wait. In this I'M
certainty speculation was langnld.
THE DAY IL THE BOND MARKET
A sale Of $4,000 registered is al "a per cent
above the bid ,ricc was the only business IN
Government bonds. lhc closing quotations wrr"
virtually unchanged as follows
L. 5 TBS. 1891 g., ~. - IS I Is:.; 49, 10;
FisS g } H? p! != :S; ID
D., o.3. 5'soiluR ll2
State issues remained wholly neglected Of
city bank stocks IIad"snrns sold i!jl AZ III"
The genera bond market Was stagnanf ana
activity, if there was anything OF the Kind. re-
suited in dec!incs Mchlson As lS't T.. per cent
at 81, after sales at 50 1-s. and second, class
A. were IA per cent lower N IL -. Northern
racif: consoI b We're steady at 81. and Chicago
and Northern facihc Hrsts At 80 l-?a%6 -.
90 l-ia"Y l.. Philadelphia and Reading issues
were uull. cut the iew sales were AT small r"ac-
tons. Reference is made To on: .nll report OF
bond sales
Money on call ruled at about q per cent; Re,
ncwal> were made at ;, and after demands had
rcen supplied the rat" fell to 3 per cent
Ihe Clearing Ilolis" statement was us follows:
Exchanges. Sioi.a2o,l36: balances, S6,5s5,'ll
The Sub treasury was debtor 10 the Clearing
lionsc Si2S,05e. It's net gain on halanc" was
20, 033 o1o, made mp by gain OF 81, l02,3s2 in
con, minus los. Of S6o,0O3 in currency. The
days operations covered: Receipts, S3.ssj.-
Oo0 payments, S2.s5I $3.50; resulting i'll general
balance II SsJ,2S ~,cb3, consisting OF SbJ,sh3,
I42 coin and >2l 1881 currency.
The Treasury bought $780, 900 ounces of silver
bullion at prices ranging from $3.50 to $3.50
cents an ounce. The offerings amounted 10 066,-
600 ounces, hut prices OF rejected oilers were
not made public.
The United States Treasury at Washington re.
ceived to-day S33o,2l3 National bank notes for
REDEEM, ton. The customs receipts were 1854 1888,
the internal revenue receipts S456,3lo ami the mis-
cclIancous receipts S4",lo4:
ro-days Washington Treasury statement Of
"A and
with the figures of the last previous statement
as follows:
Net gold on hand sss $50 s%SS DIr s Ga
Me- ;s ca I'D 20 sSG;s' o ssa2 I n
Actual sa.h in the
pss Il, s bank csss s s IS
Mt 81 bal Abs 7725s5 siss 1919 $50 De- so;. o55
| Foreign exchanges were weak and lower on free
offerings OF bankers bills. Some bankers showed
| an inclination to anticipate exports OF merchan-
| disc in the belief that the low prices Of Train
would cause buying for European account. Fol-
| crs' bills, 81 s5 "a and - 81 "A for long and
short sterling respectively. French francs,
5.1s is and 81 4; reichmarks, % and % 3-s
In London British consols were again a shade
| higher at 90 Lie for money and 90 3-16 for the
account. The Bank OF England gained 81 O. 900
lulion on balance. In the open market money
and l-2al "a per cent for balances India Council
| bills allotted at an advance Of lid per
rupee. and bar silver rose to 80 -4d an ounce
| At Paris French 3 per cents reacted to 0s. % j..
A dividend of 25 cents "A share has been de-
clarcd by the directors OF the New-iork and
| Honduras Kosa-Ro Mining Company, and the
Victor Gold Mining Company has announced its
fourth regular monthly dividend of cents a
| share.
The following securities were sold at auction al
| the Ncw-YorS Real Estate Salesroom by Adrian
| H. Muller & Son:
| eli 900 Richmond and West Point Terminal Railway
| and wsrehou,e Company per cent bonds. 2+,.:
| ! rer cent gold bond, due 1920 l06..
81 900 New.York and Erie Railroad 9TH mortgage ex
| tended per cent gold bond due 1920. Io9ia.
shares Mechsnics' National Rank 1907.
IS sha'es Washington Trust Company, 1872.
| ~ shares Citizens Fire Insurance Company, los.
$50 ehsre. Glens Fails Fire Insurance Company. $50
10 shares United statee Trust Company. $50.
| ~ shares Mechanics National Bank, IFS.
10 shares Thurber. whyard COMPANY. preferred, 72b