New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-16
coMPARATIvE BALANCE SHEETS.
.s5I ,2Js, 445 $i7.57j,0OC s47,lo347l
WHAT WAS DONE IN STOCKS.

MllhI WAS DS|NIS IN SlONhN
Speculation Ia stocks was more active, but
no less uncertain. In the morning hours prices
were depressed because the Government had not
granted instant relief to the common fears about
rallied with much spirit In the expectation that
the Sherman enabling act would be pis-el with
out delay. This action certainly would settle any
questions about the authority of the Treasury to
issue bonds to protect tho honor and credit of
the country, but IL would hardly change the
situation. There is now, sufficient legal right
vested in the Secretary, bur an issue OF bonds
will not wholly relieve the fears that have been
aroused. The repeal Of the law which compcls
monthly purchases Of silver bullion is ~, TIE de-
because it will not do more than check the out
ward movement Of gold The financial sore can
not be cauterized by an Issue Of bonds
Tie stocks which led the early decline were
Sugar Refining and National Cordagc new, ani
they both fell about q per cent; In the maj
rally both recovered about Onc-half of their loss
With few exceptions, aside from these stocks, the
early declines were fully recovered and the final
changes were small advances 4 good par, Of
the buyinQ in the last hour for the short
account and the closing was not bnoyant in spite
Of the rally.
exceed $4,000, 900. although no endorsements We're
made and predictions might be defeated by
Continuance Of the foreign demand for securities
TIE DAY IN TIE BOND MARKET
There were no transactions in Government
bonds at the Stock Exchange. but there was no
Cover from the recent decline. Final quota
tions were follows:
Bd.Asled. 100. i na ASKED
S.ils1S91,c.L. 'eur'os io ooS i 10 ''''
nnt 40 W ooL, - u S.cur.6s 1897 ITO
US As 1907 reg 112i2 1884, Useur Us ,Soo =
r.s4s 1897 con ll22 IL" "
D.s.Co3-tj 1894 lli'a ia
State issues were wholly neglected. Oh CITY
bank stocks Commerce sold go. at l9'. nairs
NJ auction were generally at declining hanfe~
On increased activity the general bohu mar
kpt was lower. This has not been thc RUE
lately and the weakness must he attIlpu'ru 10
realizing sales. Philadelpha and Reading ls'hes
were active, and in spite of sharp rally II me
la.t hour they closed with fresh losses firsts
fell 10 81 IA, and at Gj Ia suffered a maj .i.'
Zine of IA per cent seconds closed l.! lover
IL 80 I-2, although they rallied the same iia ,
ton and thirds fell 10 a.. but AT ~ - lost onN
'' NO., cent Chicago and Northern Pacific hrsis
were 3s of at 1s I-2, and Northern racine
consol Is declined rs per cent TO q? Ncw-i ofN.
Chicago and st. Louis A. we've IL highsr a.. u.
30 and Wisconsin Central incomes 9alheu III
same traction at 80. Other changes wcir small.
but usually declines reference ~ "ao' ~ o'
full repor. of bond sales: A., ; FL, Li,,h
Money on call was distinctly easier Inc tl. h
%, rate was per cent. and the onik OF .ne
business was done at . l-2 per cent IN !he n'Sr
homr foreign houses were large Fhue's "' pr
cent which was the closing rare. ,,,,s g.
Tho Clearing House statement was as ,olo"S
~, hopcc. Sit ass, 800: balances. 81
Tho SubTrcasury WAS debtor 10 ,nr go, ,x,s
IIousc s741,335. Its net gain on paiah; !; W.
s75.s6I. made mp by gain o. sni ;a The DAVIS
rcncy. minus loss OF Sts, 90 IN con-! ssn nav
operatops included Receipts. SS,.Sn.21ohh a,snce
ments, $3,655,7io: resulting IN gene'ai 'a''A'