New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-12
CLOSING PRICES OLE rH11.Anr1rn1A srocKs.
WHAT WAS DONE IN STOCKS.

VIAL Vas DONE IN SlOCkS.
Friday, August lip. m.
The stock market was excessively dull during
the greater part of the day The total business
amounted to only 49, 900 shares, and three stocks
| furnished nearly one-half Of this. The leading
stock-most conspicuous in every respeet-was
Sugar Refining, which moved in its usual erratc
manner After many fluctuations within range
| of about per cent, it closed with only a frac
tonal loss. 1t was an exception in being active
| from the opening. Chicago Gas, which was second
| in point of activity, advanced steadily, and al
though its last price l-2 per cent below its
| highest point, il recorded gain of > per cent.
| The third stock st. Paul, which moved within
! narrow limits, but ended with small advance.
In all other stocks the trading light. In the
last hour there was sudden squirt of activity, and
the closing specifically strong. Final
changes were generally advances, but the eX-
| ceptOns We're neither rare nor Insignificant
The strength Of the market due undoubt-
eddy to the liberal offerings of time money at q
| per cent. Leans az this rate estimated AT
| from S2,00O,0U0 TO Si,O00,U00 and the money, II
was admitted, came from one of the prominent
trust companies If it was money that had been
| locked up the release was OF the greatest lnp0r-
tance although il Is not impossible that the move
ment largely speculative and that, II p'r-
pose can be achieved. similar amount may be
withdrawn from the market through the calling
of demand loans The ease of money was accom-
panied with a smart fail in the rate of European
exchange, which caused III turn by the viz
tual dis appearance of the premium on gold IL
is q rare occurrence when sterling exchange falls
) cents 10 the : in one day. The decline. how
ever. merely followed the return OF normal condi-
tions. and without premium Oh gold, rates on
London are almost Is nigh as they Were De-
fore. The inward movement OF the precious
metal was not checked, however,, ana engage
| ments OF about 81 100000 in London ana hall
as much in Paris were reported WIN imports
Of about twenty-five millions gold from Europe
| Il tppr .afn
bank note circulation III addition TO the constant
| issue of Treasury notes unaer the la" OF $500
there is no doubt that in "A short time money VIII
| be redundant There remain. the Issue Of lean
certificates which must be retired before money
on time fall permanently below per cent.
TIE arrivals OF gold may enable partial contruc
| ton OF the ISSUE but AZ present the amount II
steadily increasing.
THE DAY IN TIE BOND MARKET
Government bonds were unusually active at
further advance. Tie bulk OF the business was
| in registered A., which early sold al III ana
40 -, and We're = per cent above the sellins
price Yesterday The market was not specially
strong. however. and final quotations were not APP
probably changed as follows
" coa,n1ei at r.s.cuio'. isse 100 70,
I: i SSgs ~ ILL., sSS,S. Ss,, II
Dis Col s.o5, 1891 iia
State ISSUES were wholly neglected. OF city
bank stocks 1radesmens sold l25 AT 100.
HE general DOnu market Tflndl'u '-N'''Nl''-''
dull reported transactions being ls.s than - 70
600 at par value / he market was ieatnrc!"s :
| On small sales, Canada Southern hTsts drcIh"i
| | Der cent to 90 but percmptOry order To ouy
no larger an amount would cause probably
prompt rally. IL j. understood Of course, that
| This is thoroughly an investment issue lis de-
| cline is significant because II proves the heccs-
sity under which some holder was laboring. In
the speculative issues the movement OF prices
was irregular Atchison As rallied u per cent 10
| Il, after early sales at 20, and seconds
which We're very dull, "a per cent to 80: Nhl-
cago Gas Light fr,ts were . per cent higher al
~. Many Others suffered small losses. Northern
Pacific cOnsOl IS fell further per cent to az, Dnt
Chicago and Northern Pacific irsts were dull ana
steady at so Reference is made 10 our full re-
port Of bond sales Money on call remained easy
at per cent. Rates for time loans were lower,
with offerings of round amounts al per cent
| The Clearing House statement was Is follows :
Exchanges, $'',s65,G56; balances, Sj,1"' ,ooe;
House 81 42,g2l. Ihc business Of the Sub-Ir,Tis
ury for the week ended tonight includes receipt"
OF S26,6s7,?ls. and payments Of S3O,"2l't :,
| leaving the general balance SG1, Oi3,j6o, against
S7l - 500 on August 4, an apparent loss OF 81
| 234 100. But deducting from the paym - :
III 900 and flom :he receipts S1,306,ooo ior
items which affect only it, accounts with tn" gen
er,l Treasury it, los, ~ affecting the banks il
x5.5GD,1 co. and this result includes payment Of
se64.s6s for purchas,s OF bonds, i ana receipts '
To-day's operations included: Receipts, ST.
0l7,l79; payments. $500 .Ios with balances oi
S5s,5O7,4 ;y coin amt $s,j5Go90 currency.
The Treasury declined Offers of $4,000 ounces
NJ silver bullion, fixing 1915 cents az the price
VI The Tinted States Treasury at Washington re-
ceived today $so,54l National bank notes Tor
| redemption. .-. , ..,
| The customs receipts We're S4j6,974 the internal
revenue receipts, S331,jij, and the miscellaneous
receipts $2S,e2l: ..-... o,
To.d,y's Washington Treasury statement OF
| cash an hand and deposits in banks compare,
With the figures of the last previous statement
as follows: n,,.,o.o.
cold on hand s $50 go Sss D Dec '
, ,r;;' i.' 's9ssaS ~
Actual cash in the
| Treasury vaults
S ose5 Susna 50, sllo o2 20 l7s
pepo.its in bank. II so liO32 2ol me- -'VsI-
NJ, cash ,al sig. i5i go sI3i 554 81 De-" sso3iO3
Rates for European exchange fell abruptly on
the practical disappearance OF the premium vi
currency Of all kinds For immediate delivery
gold offered ut about Ia per c'. uu, ',rao
was little business at this or any other premium
Following are revised quotations Tor actnai pus-
| ness Pankcrs' bills, 81 70aS4 80 and - 81 IA
| 8. 81 for long and short sterling respectively
French francs 5.24 3-S and 5.2l Ia re!ch'harks'
o. 81 and "a 5-S: IT,, <,n,,or , 0
ner cont Ia % 1916 for money and ~ I-io lor
! H. aceonnt The Bank Of England gained
| 81 O. 600 bullion balance in spite OF withhIa"nl'
| of E265. 900 gold for shipment TO America. III
ncr cent for discounts, and , per cent LOT uaiIS
| Halanccs Bar silver was trfe lower az 81 '-ou
| an ouncc American railway shares a"Nahc'''
| slucrishly and 40 tbe close no important cohces-
| sions were permitted. At Paris frcncn ,. p, pr
cents declined 10 centilnes to 9s 81 ~, oYt re,
| covered one half OF the loss. Sight eAcn I,;,s
| ON London rose to 25.3f francs TO the steflinG
Iut no shipments of gold to London were reported