New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-14
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS BONE IN STOCKS.

Notwithstanding the fears 10 the outcome
of the silver question, which have recently
developed an acute form, there is no visible de-
preston in values at the Stock Exchange. PTIces
fuctuate much as trading element sways thelh'
but whether quotations are up or down there Il
no increase in the supply Of long stocks 1t IL
this feature Of the situation which deos all eerts
by the bear operators and the constant accuin-
mutation of short contracts furnishes the basis
for periodical rallies which in no wise alter the
relative position of holders of stocas and TN"
short interest It is evident that the ABSORPTION
of stocks thas furnished basic strength to the
market which denes temporary unfavOrable IN
nuences and lessons the effect of eravcr appr"-
tensions. There is way to explain tins con-
dition except to assume that investors are bank
ing upon faith that the common sense OF the
American people is sure at an early day to find a
satisfactory solution Of the silver problem. The
recent excellent demand for railroad bonds III
significant to the mere SPECTATOR. More nota-
bic is the steadily increasing demand from Enrop"
fer sound American bonds. WITHIN The last TWO
months, il is agreed by reputable bond houses,
that shipments of railway bonds abroad have pro-
cceded to an extent not known in long time;
A competent authority estimates that the actual
export Of mortgage securities 10 Europe III IN"
last sixty days has easily reached So; 100000 in
value II Is true that the European demand Tor
American stocks has been light. Put there has has
certainly been no movement to this side. Tho
stfenrtb Of the foreign exchange market under
these circumstances is a remarkable testimony
to the effect of the agitation respecting, silver.
which, fTcnT'lses confidence TINT otherwise
might attain larger expression.
The stock market to-day was waiting upon
definite announcements regarding the policy OF
the Treasury Department Although no change
is reported in tn. position the result Of the dis
cuseion between Secretary Foster and the leaders
in the banking community appears 70 have i'm
rarted more cheerful tone. While the cXpccta-
ton of those bankers who look for som" step in
the direction Of fresh isslle Of bonds may be
disappointed, it is clear that the purpose Of
the Administration to do whatever II deems wise
10 strengthen the situation has been made clear
in a satisfactory manner There is less solicltudc,
too. in consequence OF the raising Of the Supply
of free gold in the Treasury nearly S4coo,0OO
from Saturdays statement, AVID favorable in
fncnce also, Yves the absence Of announcements
Of intended shipments of COLL on "Wednesday
beyond the sum of 81 900 The market,
however. was not without irrcrularity. and oc-
casional intervals Of weakness. There we're no
significant declines and the general hs' h AZ IN"
Saturday The activity was confined among
railway shares 70 Phaaclpha and Reading, Chi
cago. Milwaukee and St Paul and Omaha com
mon A rise Of nearly .. per cent in American
favorable earnings. Distilling and Cattle Feed
ing advanced ! pei, cent, but American SUGAR
stronr at a rally resulting from a movement OF
the shorts 10 cover.
TIE DAY IN THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange Final prices steady and un-
changed as follows:
,se. H'A'A'' cur 6 1922 H. A'~ce
TsIss 5sg1Ss 1s 1893 lis ll;s "
pistsli ss5s fSpnH IL ''O' o. '''
The dealings in State bonds were confined to
Tennessee settlement 6s at l02 and Virginia 6s
deferred trust receipts. at 6 3-4. The only sales
OF city bank stocks were Bank of Ncw-fork IL
at 232, and First National OF Staten Island II o.
at llS 80
The general bond market showed disposition
toward increased activity, and the varieties OF
issues dealt in were numerous. Prices were
higher without important exceptions fhlia-
vanced ! per cent to 81 lie and the first incomes
rallied SIS to g. Is. Richmond Terminal collat-
eral trust IS were in active demand at net gam
Of ! per cent at All Atchison general As
4 per cent better at 90 rs. and the seconds,
class 4. rose "a per cent to SO IA. Chesapeake
and Ohio issues also were moderately strong Refer
The ruling rate for call loans was per cent,
Int business was done up TO per cent The
closing rate fell 10 per cent
The Clearing House statement was a. follows
EXCHANGES. Ss4.6ol ,00l balances, Si,676.l2A:
The Sub-Treasury was debtor TO the Clearing
IIG1se S52G. rs net gain on balance since
81 ,0j3,G60 in coin, m mus loss Of S49642! IN
currency. The two DAYS operations included
s@ltins in general balance Of con
sistng of S94 ,3Os44l coin and SIS $685. cur
rcncy
The Treasury purchased 100000 ounces OF sill
yer at prices ranging from 1895 10 s41j out of
total offerings OF 275,000 ounces The Mcrcan
tile Safe Deposit Company Of this city reports
silver bullion on hand to secure outstanding GER
tiGcates amounting TO jj5,662 ounces. decrease
by Withdrawals of 1000 ounces
The United States Treasury at Washington re-
ceived to-day S202,3jj National bank notes for
redemption.
The customs receipts were $6ls.2il, the in
ternal revenue receipts Ss09,s4S and the miscel-
laneous receipts S4396l.
ro-dayis Washington Treasury statement Of
cash on hand and deposits in banks compares