New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-18

WHAT WAS DONE IN STOCKS.

Monday. April lip. m
Sales for both accounts caused general De
rrossion to-day in tbe stock market although there
was little excitement except in the early trading
The order OF Secretary Carlisle suspendihs 'le
issue of cold certificates cannot be credited WIFI
causing the declines lis action was SIMPLY tle
execution of "A mandatory law ara III 10 Wis.,
alters the financial situation, nor VIII 1t add 10
the Treasury's stock of gold or prevent with
drawas while existing conditions prevail IL
was step hardly needed TO call
public attention TO the evils oil
continued depreciation in the character OF the
National currency Whatever sentimental effect
may he sought TO be ascribed TO it, that effect was
exhausted in the early sharp fall in prices AT
noon the market rallied when il became APP
parent that the shipments of gold tomorrow
would be considerably less than had been popn-
lary expected. Yet the weakness did not dlsap-
pear and the bears were aggressive only wncn
they thought they detected attempts 10 iha'hc'
Inc decline of IL points in Manhattan Ele-
waited for instance, can be explained only on inc
per cent at $50 - ard was steadily pressed ior
sale down to las l-2a1i9. Po!itico-fnancia
reason, need not be sought for in explanation OF
the weakness when the character of the selling
was so apparent National Cordage If down
"a, American Sugar Refining and National Lead
5-s each, and General Electric IL per cent
Where the railway list was active losses generally
occurred, Chicago, Burlington and Quincy. with
"a fall OF "a, and Chicago, Milwaukee ana ~;
Paul, with per cent, leading the downward
movement Remarkable exceptions were New
York ard New England with rise of IA
per cent, and Philadelphia and Reading, which
gained small fraction. In the industrial group
Distilling and Cattle Feeding. after an abrupt
fail 10 20 - recovered TO q -, showing only
a trlng net loss
Gloomy advices from London indicate the So
hank failures. The Withdrawals of gold for ey-
port from the Sub-Trrasuly aggregated only
$l..jO,00O. Nevertheless the foreign exchanges
again advance l. and sterling drafts now quoted
higher than they have been In months. The
market is bare of commercial bills, but in con
sequence of the high rates rcmitteis OF course,
cOnlnc their purchases TO most imperative wants.
Perhaps the failure Of bankers to ship heavier
amounts of the precious metal may be due to
inability 10 market necessary bills, but the COM
plratiyely small exports tomorrow may be
ominous Of heavy outward movement on Satur-
day. Trade conditions and financial uncertainty
have not changed because tO-morrows . Id EN-
ports will be less than SO, 100000. In view of
the broader features In the situation it is hardly
necessary to refer TO the rumors of an impending
railroad clash over transcOntncntal freight rates,
the small labor troubles reported among Union
Pacific shopmcn or the decrease in Chicago east
bound freight shipments.
The stock market closed weak, with prices
generally at about the lowest quotations.
THE DAY IN TIE BOND MARKET.
Exchange, but the market was strong, and the
asked price of the As was advanced IA per cent
Following the final quotations:
T. s. frs 1879, Bid A''ed u.s. cur os. 1910 hd Asked
continued at m rs. GUS. 1896 lo7a
% ls Ts CUES s%Ss I IsSSs "
There was business in State bonds. The
only sale of city bank stocks was Irving 1O) az
$50.
no Jor mil nd
particular feature Richmond Terminal collateral
trust IS were irregular, bat after sales al AZ -
closed ga per cent lower at AZ; Philadelphia
and Reading issues We're moderately active, first
incomes gaining the fiactipn at A. 81, seconds
gaining II at 33 3-S, although one bond sold at
the end at 80, and thirds being Is per cent
better at q 3-s. Atchison As are of trific at
SO IA. and the seconds. class A. down ~ per
cent at 52. Chicago Burlington and Quincy
loi. Northern Pacific consols IS were re. shade
lower at 60 81. The closing GENERALLY heavy
Reference is made TO our full report of bond sales
Money on call loaned Is high ds per cent.
but the common rate was IL per cent and
some business was done at 4 per cc':, which was
the closing quotation.
Exchanges, ssS,443, ,69: balances Sj,0Os. 027.
The Sub-Trrasury WAS debtor 10 the Clearing
House Sl,lis:ao9 It's net loss on balance since
1907 ,235 in coin and S1G34G2 in currency. The
Two days, operations included Receipts,
S7,o59.425; payments, Ss,Glo.l??; resulting in
Il 9'H'ldI piidtC' VI -%c'.1f- ~, col>l>tlNS VI
S7l ,00I .033 coin and l7,GIl3 sc currency
The Treasury purchased 100000 ounces of silver
bullion at prices ranging from $40 to 80.
The total offerings l.17J,60O Ounces, but
the prices of the rejected bids were not made
public. The Mercantile Safe Deposit Company
reports silver On hand, to secure outstanding
certificate, amounting 20 1885, ounces.
The United States Treasury at Washington
received To-Day Sas5,jG3 National bank notes
for redemption.
The customs receipts were S6is. 1888, the internal
revenue receipts S635,233, and the miscellaneous
receipts S24,A53.
1o-day's Washington Treasury statement OF
cash on hand and deposits in banks compares
with the figures OF the last previous statement
as follows:
April IL. April II. Differences
Net gold on hdsi0 $40 s32 slO3,lc3.3i7 Inc $3.50 55
on hand -. 81 09s 80 1925 Go Doc e0jto3o
Net silver hid. 797j,077 g.0eI,07O Inc l,0ij,J03
Actual cash IN the
Treasury vaults