New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-15
LATE RAID on STOCK VALUES
PRETEXTS OF VARIOUS KINDS FOR 1T.
TIE BEARS IGNORE GOOD NEWS on CHICAGO.
BURLINGTON AND QUINCY - TIE
TRFkSUEYS GOLD BALANCE.

TIE BEARS IGNORE GOOD NEWS on CHICAGO.
BURLINGTON AND QUINCY - TIE
TREAsURY'S GOLD BALANCE.
The receipts Of gold in the special deposits made
by the banks at the Sub-Treasury to cover checks
drawn for the payment Of customs dues were SAID
Yesterday to show a material increase, owing to
the policy adopted since the visit OF Secretary Car
Isle to the city last week n continuance or this
policy will soon result in gain to the gold ball
ance in the Treasury. The Sub-Treasury yesterday
received 81 $4,000 in gold from the Philadelphia Mint
in the form of s. and $40 pieces. The steamer from
Havana brought into port $4,000 OF spanish goid'
The influx Of the precious metal from Europe has
ceased and the rising tendency Of the foreign ex-
changes has destroyed all hopes Of reinforcement
from this direction for the present A favorable
item of news from Philadelphia in the an
nouncement that the last OF the Cearing-House loan
certificates issued by the banks OF that city hao
been cancelled Word from the West OK
progress in the organization OF a new traffic agree
ment for the maintenance of rates
Under the influence of this kind OF news tho
Wall Street markets yesterday opened in san.
demonstrat ton against values. began TO cover their
late afternoon the good feeling disappeared. ard
the bears made renewed and successful attacks s
active stock and after rising to 96l2 II fell to +Y
sii. Chicago Gas rose early to g. but ended az
rnent that the Peoples Gas Ligh; and Coke Com
pany the principal company in the Chicago Gas
combInation had sold the first mortgage bonds,
the issue of which recently authorized; or tho
S. OOc) bonds authorized 100000 have been de-
posted with the Central Trust Company OF TINS
CITY for the purpose of retiring existing issues:
An ARRANGEMENT has been made by which holders %
the floating debt of the Chicago Gas Company VIII
take sjOO0Oo Of the bonds at par. About sED.VO
bonds have been deposited with the Central Trust
Company. be exchanged for the recently issued
dividend scrip The remandcr-N,5pWV-of the Is
sue has been taken by a syndicate.
The rest of the industrial group OF stocks showed
rregularity In fluctuations. National Cordage fel!
over 3 per cent and American Cotton oil declined
from 81 70 1884. but Distillng and Cattle Feeding
closed a shade higher at 49, and General Electric,
after a reaction from 437s to i2i.. shows net gain
OF !, per cent. The most active railroad stock was
Chicago. burlington and Quincy. II rose to s24 on
the declaration at the meeting OF the directors IN
Boston OF the regular quarterly dividend OF w
per cent. but subsequently sold down to SAnSes.
Chicago. Milwaukee and St; Paul after touching
g. dropped to 62ss Louisville and Nashville fell
from IS to i6. in spite of official denias OF dssen-
slons In the management. The decline in Manhat-
tan from 100 to l2,ss was explained by the re-
newed activity of the Rapid Transit Commission
in considering new plans of rapid transit. AS
rule the stock market showed only small net
losses but the late drive OF the bears carried prices
materially below the highest points Of the day.