New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-21
CLOSING PRICES OF BOSTON srvCKs.
Boston, April %. IS.
Yesterday. To-day. Itsterday.To-
WHAT WAS DONE IN STOCKS.
Thursday, April 90

Ar TIE close OF business to-day no Trustworthy
information in regard the financial police OF the
Government had been received from washington
Tho r,nor WAS repeated that if the Withdrawals
Of cold trenched upon the legaltender reserve the
Treasury Department would refuse TO surrender
gold in exchange for Treasury notes issued in pay
nent for silver bullion 1t is difficult 70 believe
that this action is seriously contemplated pe-
cause il would disturb at once the parity OF the
two money metals, which the Sherman silver law
SAYS il is the policy of this country to preserve
Withdrawals of gold from the Sub-lrcaSnry
amounted to Sl,250,ooO Of which Sl,O0O,ooo
will be shipped TO Europe and the rest 10 Can
ada Pavmcnt was made in mixed lot Of cur
rcncy including gold certificates old lcGal-tcnder
and Treasury notes The Withdrawals to-mUr
row will probably approximate Si,Oo0,OQO, a
sum which undoubtedly VIII reduce the legal
tender reserve below l0o,0o0,o0O. This Will
test the polio; Of the Treasury and, II discrlmlia
ton against one form of currency Is lnteidc1 II
will presumably be exercised inlncdla The
discrimination will not check the outflow of gold.
but II will instantly place premium on god
and gold notes The mere fear Of this action by
the Treasury has caused virtual premium on gold
in an advance in foreign exchange to the highest
rates made in several years. Many bankers re-
fused to sell their bills even at the current
figures.
1t was not surprising that the uncertainty about
the currency question should have disturbed values
at the Stock Exchange. The market was active
in the first ard last hours, and. in spite Of Il
smart rally toward the close, the final changes
were almost universally declines. The Gould
stocks remained cOnspicuously weak, and in POINT
of activity Missouri Pacific was the leader Of the
market. In spite Of official denias that the com
pany il in any degree financially cmbarr isscd the
stock dccred from the opening. After "A fall Of
over per cent TO d rs there was in the final
dealings spirited rally which brought its loss he
low | Ter cent Western Union Telegraph was un-
usually active, and, although it closed lractionaly
above its lowest point, il suffered loss OF
Per cert. Manhattan Railway was relatively
quiet. but il also lost ] per cent: while the iina
declines in Union Pacific and Wabash preferred
were "a per cent. The losses in the stocks named
were the largest in the whole list. Chicago,
but its final decline was only II rcr cent while
ST. Paul was comparatively strong throughout the
day and, With Erie and few Others closed abb
General Electric, which lost nearly per cent. the
industrial shares werc strong, and Sugar Refining
National Cor;aec and Chicago Gas scored frac-
tional advances. ard, on few hundred shares
United States Rubber rallied IA per cent
Tic closing was active and in the midst of q
rally c%sed probably by W vt the hcrt "
in the market is urdoubtedly large. the operations
today added materially TO the holting supply of
many stocks.
THE DAY IN THE BOND MARKET
The sales Of Government bonds at the Stool,
Exchange We're $500 coupon Is at IS, and
81 : 900 registered IS at ! - and III 81. Bids
for both classes were lowered IA, and for cX-
tended IS J.? per cent. The closing quotations
were follows
U. s. s.s, 1891 ''' N'''' US cures 1sosie5 nv.
continued al o T. g. CURES. 1890. lO7a go.
U.SAs 1917 reg l2a II34 ~ S. cur.0s 1s9s.ll3a
US.4s 1907, couli2h 1884 L IS. cur.Gs lS90ll5a
Dis co3-1, Is3i.lll@ li2
State issues were entirely neglected. OF city
bank stocks Irving sold t2ol at 160 and Southern
(l20j at II.
There was little demand for railway bonds, and
slight increase in business was at dropping
figures. Reported transactions amounted to S972,-
600 Atch;$on As declined Ia per cent to 81 5-s
aSI Sd, and seconds, class A, suffered loss Of
l-2 per cent at 81 10. Erie second consos were
quiet, but IL per cent lower at 95 l-2 and Chi
cago and Erie incomes fell IA per cent to
80 ga on small transactions. Northern Pacific
consol IS declined IL per cent to 60. Richmond
Terminal collateral trust IS closed per cent
lower at AZ after sales at ~. Reading issues
were dull and featureless, but general As, at
"a IL, closed IL per cent lower, and first in
comes. at a. l-2. suffered loss of 5-s per cent
Toledo, ST. Louis and Kansas City closed at
40 l-2, final loss of IA per cent. In general
last rriccs were tho lowest for the day Reference
is made to fall report Of bond sales.
Money on call continued to rule at 4. but a
considerable business was done at ~ per cent.
In the afternoon a small loan was made al per
cent, although round amounts were offered at the
same time at 4a4 l-2 per cent.
The Clearing House statement was as follows :
Exchanges, Sll9,575,536; balances .S6,S5s,1sl.
Tn" Sub-Treasury was debtor to the Clearing
House 81 ,O43.354. It's net loss on balance was
and 81 s's,472 in currency. The days operations
incllcd Receipts S2,635.64s; payments ST.
33l $685. resulting in general balance Of Ss5,-
43296l, consisting Of $71 ,o23,G64 coin and $l3.-
The United States Treasury at Washington re-
ccived to-day $34l,slO National bank notes for
redemption.
The customs receipts were ssss,Aso. the In