New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-19
CLOSING PRICES OF BOSTON STOCKS.
TIE BANK STATEMENT.


BY the operations of the Ncw-York Suh-Trcasury
in the week ended last night the associated banks
lost S49O4O7 The weekly bank statement pub
lishcd to-day showed an average gain OF cash oil
Ss3sOO. The high rates for money evidently
attracted fresh supplies, and receipts from the
country must have countcrbalanccd shipments
There was a further reduction of S5,24s,2OO in
dcposits, but this was caused wholly by con-
traction in loans of $5,471 800 The other
changes were small, but in its details the state
ment was unusually consistent The result OF
all the changes gain in tho surplus reserve
Of 81 ,305,S5o and the banks hold in excess %
legal requirements Sc, O39,125. against 81 Gi9",'oo
in the corresponding week year ago. ana 9''o'''
81 In the preceding year. -
The following are the comparative e'dehcn'"
Of March Il ard March IS
Loan. Nar:9 Me!sa 81 Dec R@2p;:;
Spsec as 200 800 go Rs 'Iecc
3 PspSis @ 55c cSoc 5cs,oco @ $500
The following shows the relations between the
total reserve and the total deposits AZ the IT,
spective dates:
fpssc " a4cS35o 4ssoScC 29 400
Total reserve silo415o0o siio520 400 Inc. sss'soo
H sssHs. 'd dso.a III so2 s5 1000 25 Dec 1872 o,
s,,nu. s404s27S 90 Ca9 1c5 Dec 81 .39j so
The Clearing House statement was as follows:
For to-day-Eycharscs Si4? .3S1.i6i: balances,
S915O. SAG. For last weel,-Eychanges. $780,
i5o,454: balances. S34,'4o,l43.
WHAT WAS DONE IN STOCKS.
Stocks advanced almost without interruption.
The early announcement that exports OF gold mllht
no resumed next week caused a momen'ary hcslt-
ton but the publication Of the bank statement
cXerted an opposite influence. AMI the closing was
extremely confident. Sugar Refining rose nearly
4 por cent and ended At its highest price. O'her
industrial stocks followed this Leadership, nut
their firal gains were less pronounced DIs'llIiig
and Cattle Feeding, however further ADVANCED
as per cent and no material concession was
permitted in the final dealings. Northern racine
preferred among railway stocks. was cOhspicu-
ously strong but all Western railway snar,h
moved upward and those which were relatively
active gained about per cent on an aNcrag".
The transactions in Erie were not large, put tiht
stock exceptionally suffered a small loss us
weakness was plainly due to d Vicious attack oV
n recognized organ % the bear faction lN'crc>,
on the second income bonds will not be dlc uhti,
June and the statement that il Will NOT be paid
was made for merely speculative effect ne earn
incs of the company have been satisfactory: al
though they have been affected by the prevailing
low rates for freight traffic, hut in this respect
the Erie has suffered probably lc~ than other
trunk lines The coal business OF IN" company
is especially large. and there is no apparent reason
in any branch of the traffic 10 suppose that the
next interest on its funded obligations VIII nov
be met. r.
Business in Government bonds at the Stock Ex-
change was limited to small sale OF currency
Ga Of 1898 at ll3 1-2, an advance OF per cent
above the bid price. Final quotations were as
follows: