New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-09
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.
NnnIaV May S-D

The Wall Street community felt a sense OF re-
lief whcr il announced to-day that all VI"
Clearing House checks for balances on FRIDAY
and Saturdays heavy transactions were duly paf''
Further encouragement was given by the H"tlce
sent bv Mr. :. V. White 10 the Stock ENchang"
that he would pay - per cent of all his ind"bt-
odncss tomorrow. expecting TO be able to resume
business on Saturday. Gratifying as was the "N'r
dcncc furnished To DIV that the acute Ii iuiia;ion
Of long accounts over for the present, the
outside conditions gave 10 warrant for the buoy
ant movement in the last hour. The advances
made were due to tho covering Of shorts, and
hence wcr, accomplished AT the expense OF rcdiic-
ing the element of support supplied in large
outstanding hear interest The stock market
naturally exhibited decided tcvcrishncss at the
start. American Sugar Refining sol! down
from 81 10 10l-a and Chicago Gas from - IL
70 7O1-o and General Electric from 40 IL 10 "a.
Manhattan went from 100 TO I2j "a, and 'her"
we're sharp breaks in the general railway list.
Transactions for London were Oh both siics OF III"
account but on the whole there was disposition
TO resell the stocks bought N the depr"-slo' oi
Friday But the lack of pcIman"ncy III IN" ioi,
oion demand developed last "" X wa. Wnl'a"''
in The ABSENCE Of security bills in the iorri@n N
charge market. There was Tree srlllna OF 'nr
Cr,nc,r shares early. tie distressing natllf" nl
ali the crop reports The serious aspect of this
situation may b" realized wien Kansas reports
prospccts of "A reduction IN ltS Wl"dI crop 81 soli
90 pcr cent and that Il a SIat" IN "hlcn nan Il
dn,nn raiI,vs have 20 to 80 per cent OF their en-
tire mileage. , :. III.
The afternoon rally was pronounced IN only =
few stocks American Sugar led the Use. ana
closcd q pcr cent above Saturdays close. hlcfSo
Gas oaincl more than per cent net pn' VOL
oral Llectrir although recovering from - 10
81 2aosl i a shade lower than on Na'huaN;
\,,nn,l Cor,laee declined over per cent, ana
DjstiIng and Cattle Feeding w., weak IRON
,p A m olao1 IS Manhattan Railway sore"
q net advance Of about per cent. VIII" Cnlraeo,
burlington and GUM: after sales az 80 ~
IN IL AZ 81 a. and Western lrion ~ ~ !,
~, > nor cent better 81. Paul was active. ana
roovercd from =, 5s 10 - IS. bat ~ final price
shows no change. Tine GAINS g"n"raiN W"r', li'.
t;onal and rot few stocks ended 'rlIh' 'oW,i
outside of the unfsvoiab' crop report. ,I'
most SIGNIFICANT development was the furtI'r
.uonotl' in all the foreign exchanges TIL" rates
may advance hut little more without MUM!
froob oycorts of gold Orders in IN" lnirt"' 'o'
sh;nment have been temporarily wi'hdr W.T. "i,
financial cond ;tions point to Their "N"cu'loh d' "
narI,. dn,c The relapse in call money r'h~ u"
dar s;mniv wilrns the difference between nom"
ard foreign QlOtat tons a. discount, WEIR ,'ln' ~
| ali Euroocan centres am distinctly h'eisT III
| Como The closing of the stock market NJ ABOUT
;ts hcst noints may ha0T been partly Designer Ioi
o,oc, on Lannon's init al dealings. b'5 the shai
| .dv.ncn has eliminated lar1e short interest," anu
will facilitate the liquidation interrupted by tue
| rcnarkable rally OF last Friday afternoon.
TIE DAY IN THE BOND MARKET.
! Covorrmcnt bonds at the stock Exchange were
| roodor,telv dealt in, the As registered adNahcihi
| IN within IA per cent oI w" asker Ply I
| .I. cnunons selling Ia above the bid. Inc CLOS
| inc quotations however, were unchahSe" DIS
| follows ~, alta,