New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-05

WHAT WAS DONE II STOCKS.
Wednesday, January i-p. m.


4 fresh plunge in Sugar Refining carriel .hc
price TO ll5, which was relatively the highest
point eyer touched The advance unfortunately
WIS not. maintained and the last price. which was
tie loves. for the day, showed fractional 10 s
Earlv in the day there WAS some talk about tie
probable action Of Congress in Iccart 10 IN" tarll
OH sugar II is only necessary for certain brokers 10
visit Washington 10 have Wall Street Hooded wifh
information on all economic questions. display
Of some kind must bc made, and trip 20 Wash
ngton is about the cheapest Outside Sugar
refining, which was really of it'll, consc lu"nce.
the centre of interest in the stock market to day
was Philadelphia and Reading. Tic tran'aciIons
in this stock were so large that apparently tie
rest of the market was content only TO look at
the spectacle The general opening was strong.
but fractional advance was checked by realizing
sales Throughout the succeeding period OF dn'-
ness Reading was inclined to advance on the
theory that large short interest had been
created In the final dealings it fell wi'ii
nncNample readiness AMI Of course, lis
last price was the lowest. There WIS
no news to affect the course Of prices \ slight
advance in rates for foreign exchange suggested
further exports of gold, but shippers do not
look for large movements Of gold 10 Europe
before spring Money was easier in London ana
firm here, condition which was opposed 10
shipments OF god. The sharp break in DISABLING
ana Cattle Feeding. which seemed TO DE the
signal for general selling, was hn' caused ny
the rates IF exchange on London or Paris. H.
was not caused even by Stop orders, although
they furnished an excuse The fall OF over
rr cent in Distilling occurred simply because
there market for the stock. What hlp-
pencd 10 IL Is likely TO bcfall any stock which
IS controlled by speculative Interests Artl
fetal support cannot be maintained for long
or coal The universal law Of supply and de-
mand is bound 10 upset the bcSt-lald schemes
designed 90 subvort IL.
lie closing was weak at the lowest points
Tho only opposition 10 the general movement
was made by the Granger stocks cxccpting ~.
Paul and by Louisville md Nashville ami Union
Pacific. They closed small fraction higher.
TIE DAY IN THE BOND MARKET
There were no Transactions ia Government
bonds at tho Stock Exchange, but the market
VAS firm at these quotations:
u .s4ias,Is9i, con. U.scurG.,lsoj. los
tlnucd at per I'M Sur ~ ~ ~, , $50
So: ii II.
Among State issues lc only business was a
sale Of Tennessee settlement .;s-S;ndll-at - II.
or city bank stocks Merchants sold 1000 a.
In the general bond market the tendency Of
in Reading issues affected the whole list.
Readina A. declined - per cent 10 50 -, ana
Of the preference incomes seconds fell : per
{ hicago and Northern Pacific fiIs,s closed II
lower at ~ 10, and Northern Pacific consol
IS lost IL at oS I-2. A small sale Of New
decline Of 10 per cent to -. Reference Is made
10 our full rel or, OF bond sales
Money on call was decidedly easier. Some
business was done at Q per cent; but thc rlilng
rate was about 3, and AZ the close oi'f' OF }
per cent were not accepted
The Clearing House statement was as follows
Exchanges. S2I4,440,I4?; balances, IS. sGo,S3i
The Sub-Ireasdry was debtor to the 'learih2
House S2S26, $50. It's nct loss on b1'ancc was
Sa4O7. sos, made up by losses of 81 ,g5l,o'3 ~
ouerations included Receipts, ga S,O2o pay
,ncnts So s25,504: resulting IN a general oaIan,'
Ct SIO1, 81 $50, consisting Of $l03,o3o,el com
and S4,s7l,,4A currency ~, .,,,.or for
tho new month by accepting S6s,00O ounces at
n,icos ranging from s3 TO 80 Ia cents an ounce
The offers amounted to l,OOs,000, nut inc Prl'rS
of those that were rejected were not haae
p"TTi The United States Treasury at WASHINGTON
received to-day S4O3.7i0 National bank-no'cs Tor
Thn customs receipts were SAL the internal
revenue receipts Sl40,32i anu the "isc''ia'e'"'
receipts S253,459 , s,o,o,,o,, or
c,sI ON hand and deposits III bahN c'hp"Iu,,
,yith the figures Of the last previous s'a'c"c"'
~ follows: go, r,ce,.,ce.
oa 81! !rG 81, ss 81 iag 70 bee D"s'Ss
= s ia I%y sss
Actual cash in tbe
Treasury hsuts
, orr oSia"a $50 cs pee c's
penosi,s In bank IoD2i,M. li.1oS,3@G Inc IeG '''
No, .., IN, s,1s COS O5 sI4s ~; ooI Der slu.2Oa
Tie foreign exchanges were strong and frac-
tion higher The demand by bankers YVES mic"
Dcyond the supply OF merchandise bills Following