New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-29
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

The stock market was reopencd, after the hoii-
day, with great spirit and courage. Reading was
the real centre of interest, and the transactions
in il were nearly onc-haf of the total business
II opened eXctcdly at an advance of 4 per cent
above the last price on Wednesday, but the first
was the highest figure. The reason for the move
mcnt was the proposal of new issue Of bonds
which seems to have been well received by Tor
cign holders of the stock and bonds of the com
rany The plan il is urged, avoids a complct"
reorganization with assessments on the stock ana
income bonds If the scheme should meet with
success, and perhaps there is 70 reason to doubt
its accomplishments the holders may discover IN
time that there are various methods Of levylng
Ar assessment The new bonds are 10 prccede
the preference incomes, and TO that extent they
impajr the value of them The possibility OF DIV
idcnds on the stock becomes still more remote
and while the funding for five year, OF in,'r-,'
on the general As may prevent an inm"dia!c IN,
crease in the fixed charges, II ought not 10 u"
overlooked that at the end of that pcriod bo,ii
the bondcd debt and the interest charges VIII
have been increased by the operation OF TINS pro,
vision of the plan. In other WORDS. 'le p'opo on
merely lays another heavy burden on com
many already over-weiGhted II is no wonder
therefore, that the early advance in the
price of stock and bonds was NOV MOI
time nearly touched the price at "hlrh !, cos
on Wednesday, and after sluggish rally us h,al
gain barely cNcee I'N per 'h'' II
stocks which were At all active moved downward
from the start, but they suffered hnal losses OF
/ per cent or more. Distillinq and Cattle iccdc
ing lost nearly per cent on renewed I bor and %
North Michigan fell over per cent on the re-
port that the "mharrassmcnts of the COMPANY ha,
ended in a rcccivcrship On" favorable fca'ltrc Gl
the market tho resistance displayed nv STOCKS
which have an International market ihey
formed the principal exceptions in recording maj
gains, but unhappv those were small, ana III"
Il. L., l;.,it
The general financial conditions remained IN,
changed II is now admitted 10 bc IN" settled
policy Of the Iovernmcnt to pos,pone an issue Of
emergency. The fntilitv Of hanks outside OF
this city giving gold 70 the Treasury !. demon
stratcd by the fact that IN" net gold in fs vaults
the outward movement of gold would further
dcp"tc the Treasury stock Of the precious
meta. and the advance in the rates OF foreign
exchange point toward further exports
THE DAY IN THE BOND MARKET
There We're no Transactions in tiov"rnment bonds
classes Of "A at an advance OF l-2 per
cent. bur only half the Improvement was main
tanned. The closing quotations were as follows
t. ed 81 Nd at 1884, Is S"Fs, 1872 1"s
@ ,s;5 ~ ;:; : :i':
Tho business in State bonds was limited -
small sales of Arkansas ~, issued n aid OF me
Litl" Rock, Pine Elnh and Hrw-orlranI Kali
sold % at 1870, and Tradcsmon's '25 at | -.
The feature of the Genera bond market wa.
the activity and strength Of the Philadelphia ami
Reading issues. They opened with an appearing"
of buoyancy AT advances Of 70 , per cent. he
prices made in the first few minutes We're ia"
best for the day, hut the whole Of the impIovr-
nent was not lost. General Is closed with a
Gain of . per cont at - -, and OF the incomes
frsts finally gained "a. and the Others ! per
cent. Outside the Reading issues trading was
light and fluctuations were narrow. The total
transactions amounted to about Sl.s0OO0O par
value. Reference is made TO our full report OF
bond sales.
with renewals at ,, until the middle OF the after
noon, when The rate was advanced quickly to =
per enre cent but "ans were maG at
After the demand was satisfied the rate fell to
The Clearing House statement was az follows:
Exchanges Sl4l.7O0,7jG: balances, 1885, 638.
The SabTrcasnry today was debtor TO the
Clearing IIouse 81 ,0s9,3$2. The business Of the
Sub Treasury for the week ended tonight IN
Of S16,525, So5 leaving the general balance
Ss1 .6332is. against SD, 12l $40 on April II, an
apparent loss Of So' $40 T.; Hn, aeducns from
only its account with tn" general Treasury, its
gain as affecting the banks is S15t,62s;
TG%E ps SPT5@n1Sns i4cc" with 6aiancc
Of S644 iI.jl7 coin and Sl1,l9I,7ol currency
The United States Treasury at Washington
received to-day S377,A 33 National bank notes for
redemption.
The customs receipts were 81 1925, the internal
rcvennc receipts S45o,464, and the miscellaneous
receipts Sl6,6Jo.
To-day's Washington Treasury statement of
cash on hand and deposits in banks compares
with the figures Of the last previous statement
as follows:
Net sa on n,na Aa q Inc N''aSaSSs
Net lcoal.tcnders -
hand u 3l6,OSS .O.oSl,.ZI 12slB1
Net silver on hid. 10006.407 10,OO4. 1871 Dec. .270
Actual cash IN the
Treasury vaults
outstanding - - 49,. 49, - -
ccrtih SPA 071 iOj sl23 4l2,1OS pee &b6sG37
DeJn.t, IN bank. lll2S696 1884 ,62l Inc. 27o925
Net cash bal slS5 1872 l0l Ys9 Dec. s3ol7I2
The sterling exchanges strong and higher
The advance was chiefly in short bills, and for
that in sterling drafts there was the pretext of
higher rates for money in London, but rates on
Continental points were also raised. No gold
was taken for export beyond 100000 for Can.
ada. Following revised quotations for actual
business Bankers bills 81 IS l-2 and 81 SIS for