New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-28
WHAT WAS DONE IN STOCKS.

WHAT WAS DONE IN STOCKS.
Thursday. July 21-p. m.
A sharp recovery in the prices Of the leading
stocks contradictcd the theory that the depression
yesterday was parallel with the panic of 1913.
There have been no symptoms of panic in the
recent movements. and while prices have declined,
stocks and bonds have been absorbed in such Il
way that rallies, even if partial, have been eX-
tr,mcly significant The opening to-day was I'M
settled hut for both accounts the buying was
more confident than the selling. The hr-t turn
was on the announcement that million III gold
would be shipped to this country on saturday.
1t was not clear whether the metal was TO come
from the Bank of England from the open
market The subsequent statement by one OF the
most prominent houses in the street that 800,
GOO gold was on the way 10 this country showed
turn in speculative temper. II was NOT sur
Trising, therefore. that the closing was a. I'm ,st
LuOyant. Few active stocks fully recovered the
losses suffered yesterday but this result could
hardly have been expected That Itrkiwann1
and Manhattan Railway failed 10 recover fully
their losses ougllt 10 be offset by the strength oi
the Granger sllaI">.
The issu,. of about 81 800. 900 loan certificate.
may have had no connection with IN" reported
imports of gold. hut II i entirely possible tiat
facilities for the imporiation Of cold as II dld =
wear AGO for shipments. Til" imports ~ 2"W,
in any event ought to be heavy i'll the n"N,
few weeks; AZ this '~ason III" movement 81 %ol !
e
tions have been disappointed sine" III" Ifriil2>
fsilur- but perhaps this wac "nlr an lncr'.n'
The panacca for financial ills l. IA" r'pe" oil tI'
Sherman law. but this may mol d. effected m
mediat+y and in the Moan tim" otiief questions
NAV assume a ereater Importance IL Il worthy
of notice that the advance made 'o-iay "rir on
smaller transactions than thos' reported N'f'rI-
day I'm other words. il r"nnir'Et smaller Pur-
cha,as 70 offset the supposed liquidation.
TIE DAY IN TIE BOND MARKET.
A sale Of $1,000 coupon A. AT lOo was eh0agi
h.n rkst
we're lowered l-.al per cent, and the final quota
lions were follows
u ssa,In as ' 81 : SSf g. :,'l 3! ..
49, S; ds, less. ios: s.cur 1899 ITO
bis Co 8 .o5 ls9tlllts IL
State issues were still neglected. or city Danh
stocks Metropolitan sold $50 at D.
Tie hnsin.ss in the general bond marke' wa
about the same as i was ye'leidaN re I,poi o"n
transactions were 81 900. AGAINST Sl,-S''oVo
M par value. The tone OF the market, how'Nr''
was entirely changed. Few issues rcroNrf'u 'n ,
fnU amo,nt Of H." l0ssr- suffered YESTERDAY ann
.ane others sustained further declines. tfir $50
ond consols early sod down per cent 10 - pu'
closing At 90, they nearly recovered YET ihS ~
\tciison issues were without spirit. but genera '.
closed | A hiaher al 90 l.. after 90 IA, ana y
seconds nearly per cent higher al - -
Northern Pacific cOnso Is fell !. per cent y"s'H-
day and rallied per cent t9-1ay' anu n,,'a
the previous lOss Of 81 per cent. rhilhu"Iphi,
and Reading issues irregular, and VIM III =,
incomes advanced J.: per cent TO -, ''!ir"I r",,
70 IL for a single bond and the general a. close''
3 per cent lower at g.. Bonds Of the prominent
railways in the Southwest sustained losses OF lioI,
! 10 per cent. Reference Is Hd'' ~ '' '
report oi bond sales.
Money on call ruled at Is premium above l'.al
interest until the middle Of the afternoon Wh,n Inv
rate fell to about per cent. Aitrf"afl "ai"'''
were loaned at per cent. ,,.
The Clearing IIou-. statement was a. follows
Exchanges, xg1 .j35G j3: balances. 90
The SnbTrcasury was debtor 10 ,," ',a. ="
O53, 50l made up by losses Of $1,000 III com am,
81 .4s2, $40 in currency. The day opcfa'iHcn
covered Receipts. S!,139,i"; payment
5s6 os:i resulting in a general baanc" OF So
s4s'7I4. consisting of S65,O5j.'65 coin ana - =
1O,949 currency. a., ,..., ,o
The United States Treasury al Washington re-
ceived to-day Sl29,3ss National bank notes i'i
The customs receipts were 81 ,o?4.9l the in
ternal revenue receipts ,a S4s''o''' ana tue "'''
'To-dav's Washington Treasury statement OF casii
on hand and deposits in banks compares WIN
the figures Of the last previous statement d.
follows: nc.,ooo.s
.oa on hand ss a% sSs sss o5slGio Inc ss!sCi
S sss "'s SO SO De S9ssl
Actual cash in the
Treasury vaults -,
SHsT oSt,"unf 1871 40 Inc
neeost. in hank iis4iS5o 1867 325 Dec l'1
Ne. cs.h bal siss si5 455 sis47s5s's Inc s''oHo'
patcs for foreign exchange were lower. me
s,nnlv If commercial bills was not Iaf!e' 1n'
,hapr was more liberal Offering Of security DIS
Fnasaements Of gold were reporteu W anoui'' t
1911 business Bankers bills, "a 80 ana - ga
"a sS14 for long and short sterling rcsl*I,,rEj
f.ch flames o5 and j.22 IL; 1elchinarks'
% "a and "a SIS.
FOREIGN MARKETS.
.lo>Q.uk Of England at their
,oai,lv meeting made no change III lts MINIMUM
.rate Of discount which remain NJ - PR c,n'.
In the week the bank gained t'9ITo ,yas r"
from 4797 TO 4s.33 per cent, aeans. rcuu","
f,o 20 IN Al &c per cent in the corresponding
week last year. when the discount fa, 1 Wa" Stort
changed at per cent. AT the LONDON " t,,
TTx"hanae tbs was the second day OF t1r Tort
.'h.'r settlement but the tone Of the market wa
;nnrroved The open market rat" Tor money W ',
,9raoI "a per cent for discounts ana l--ao'
nor cont for daily balances. l4r silver wa
f;abcr at 90 I'D. an ounce. AZ iaris r'," -
Iilei'l az docired TO o. 81 - sight exchange on
london again advancing 10 80 er tho p,n,, Of
e sterling The weekly statement OF t'i 900 f sns
France showed a gain in specie OF -,o-1'"oo '"
cold and 5000, 900 francs silver
RAILROAD EARNINGS
cuu.AGO ANE WESTERN MICHIGAN ~
1891. 1s'si , 'e ss.
Third week in Jsy 81 SG 80 ,,os5S6i s'i
jan ,.,NCiNNArI. JACKSON AND MAcKINA"' o..
f Ss %s q Gi s s!; s ss;ss sla
JAM DETROIT. LANSING AND NoRTHf''' no.,