New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-18

WHAT WAS DONE IN STOCKS.

Monday, july LIP. D'.
The dealings in stocks to-day considerably
below the daily average of last week. but there
was increased depression. Foreign houses con-
tnued to sell moderately, and there were indca-
tons of selling by the professional operator who
bought stocks at the recent decline. Tho only
buying support came from tho taking of profits on
short contracts and it mattcrcd little whether an
issue was comparatively active or not-in either
instance the decline was about the same One
stock-Atchison, Topeka and Santa Fc-sod at the
lowest point In its history. Few issues were
spared in the melting away Of values. The net
losses were fairly uniform, and reached or en-
cecdcd per cent whether the Nanderbilts, Ike
Lake Shore and Chicago and Northwestern, the
Changers, the Could group pr the international
shares he considered. Absolute activity was
reached in st. Paul, in which the dealings
amounted to nearly 10000 shares while the
price fell to IS 3-sajS 3-l, against GO 1-s on
Saturday. Chicago, Burlington and Quincy was
second In point of business DONE and 1t declined
SIS per cent to so, closing on a rally OF -
pcr cent. Next in order were Rock Island, with
n net loss of "a per cent; Western Union,
down per cent; Chicago and Northwestern
down 5-s per cent, and Louisville and Nash
v,llo which lost ga per cent. Northern Pacific
rreferrcd won the distinction Of suffering the
80 on Saturday. Two of the prominent industrial
stocks-Amercan Sugar Refining and Chicago
Gas-yelded little ground, but General Electric
fell from CD "a TO 81 3-sa62.
There was no news Of sufficient importance I"
influence sentiment The additional bank IAN
urcs in Kansas City and the bank SUSPENSIONS III
Denver were considered onW part of the daily "N-
ncrience which must be undergone untu the SILVER
law j. repcalcd What j. equally Significant oi
the situation however. was the rise III IN" ior-
cirn exchanges The fall in rate. for call loans nus
stopped the offerings Of loan bills and relieved 0i
a small demand, the supply of new commrrcial plIIH
still being Of modcrat" importance. Were lh'r-
chants able 10 secure money for their rmittanc'-'
the demand for drafts would doubtless have an
unfortunate influence upOn the exchanges, uhl''
higher money should again induce the
making of can bills VINE ca.r o innuS
are more easily obtainable, the lower quota
tions TX no means represent actual iinanclal con-
ditons II is idle to deny that l. per cent repre-
scuts the fair quotation for time arc0mnoda'i"n>'
and merchants are fortunate who may secure us
counts AT 10 and II per cent Persons WIZ w
business in Wal. Street do not ne'h 10 ne III
formed of thes, facts but too-Optimntic pnnli"a
tons may deceive interests outside Of NcW-l 0rK,
AVID bv provoking fresh demands may increase in'
Git,iculties of the banks. which are 80 ainlrahlN
endca vorng to provide for local mercantile ne
ccssities. 1900 .,,d
The downward movement today was Retarded
h,. only ordinary fluctuations Trees 'nd'" III
on,no instances at triiing rrcOverlc' from lowest
quotations. but the stock market closed weak ana
lacking confidence.
TIE DAY IN TIE BOND MARKET.
Government bonds at the Stoc; Exchange were
neglected but the market was steady f1nai
l. ,...,at fall