New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-11
CLOSING PRICES OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.


There was little larger business at the Stock
Exchange TO-DAY. and. of course. the movement
of prccs WAS downward The weakness of the
market Matched "A brood Of rumors. but the con-
ditions surrounding speculation were not mate
rally changed Money was easy enough, ana
the rates of foreign exchange dld not Indicate
immediate shipments OF gold. Recent buyWS
for European account was admitted TO oc dh
arbitrage business The industrial stocks wcrc IN
a sense the weakest, bat the enforced iiqnl-
dation was extended TO railroad stocks, and Mis-
souri, Pacific. Manhattan and Rock Island lost
more than Sugar Refining. Chicago Cas- Cotton
Oil or National Corddge General Electric was
exceptionally weak, and. with loss OF nearly
per cent. there the usual statement that
the company was not in need of money. and
that d recelvcrshp was one OF the lmpoNsi-
bjlities Why Western Union should decldnc
in the face of improved earnings. and Missouri
Pacific fall below its intrinsic worth. are qucs
tions which may not easily be answered. IL would
appear that a fountain OF stock had been struck.
but the inside holdings must now 10 larger
than ever before.
IL is quite useless 70 advance arguments IN
favor OF an advance in prices. The uncertainty
about the currency Is so great That no one MAJ
iorctell an issue Of Government bonds. brcdu-e
the present ADMINISTRATION has not finished ITS
object lesson" The stability o! the currency
must be maintained at all hazards. and possibly
il would be better to have AT the head OF
the Treasury some one who Will not suggest
that full lcsal-tcrdcr notes may be pa!d II SILVER
instead Of gold
TIE DAY IN THE BOND MARKET
sale Of 500 coupon A. at Il - '-s was NE
only transaction in GoyeTnment oonas , AsSed
i.4al.2 per cent. The closing quotations were
as follows
sd.Asned, Ea.Askca.
,jnred ~ D n.r u =. curtis. lS96I012
cent, reg e 80, - eSIos. j lss5 IL
T.sHs i@o7. ccu'il22 lIs Us curOs. lssoll6ls
Dis col O5ls9ilil'a III
State bonds were utterly neglected, and Of city
bank stocks the only sal" WHs :, ,lare' an cd
The accounts have not Yet been fully settled.
The general bond market was devoid Of special
feature The 'ansac1on were hn, ,bn 'r ovrent
Of nrlces was downward, and IN some Instances
there would have been larger business If the
onorincs could have been absorbed. Ere scconl
consols closed per cent lower at "a. Chicago
and Northern Pacific frsts lost J u per cent a,
CO. and Northern Pacific conso IS fell over
per cent TO 50 "a Philadelphia ana Keadln a,
55sI'.@ General Electric dcbcntue IS suffered
final loss of IL r cent ana oren many !. D mnGr
issues wrrn m mater o bond ,om sales
Money on call was unnaturally easy. In,
ighc, rate was per cent s o ana cent mi 'e iaS'
Tho Clearing House statement was a. Iollows
r,rhonons Sl26,3?l.l04: balances, $7.os..3jo:
The sub rcasury was debtor 70 inc Clearing
House SIe4732s Its net loss on oa!ance was
S7s7359 made Up by loss OF SS $3.50 IN G Ti
az: 'oner,tions included Receipts, SZ.s?A;5O
ailments 1851 sos; resulting IN genera o5 pa
pnce Of s.; ,oO2.4s4. consisting OF So'eeo''''
CON and Sl2,Ol3.650 currency
The Treasury bouGht 100000 oHnces OF SILVER
h,ilion NJ g3. 95 and OIL cents an ounce. Inc
"anrinas were s:l, 900 ounces . w.,,.,o,
The United States 1Ieasury az Wash,heton
,ooaiv,d today SI4j.l4s National bank rotcs Tor
poa.I,ms receipts were sGGS. 0!2 the internal
.innus receipts S50I ,9ss, and the miscellaneous
receipts $3.50, r.,. .,o,o, ~,
"eTnGavs Washington Treasury statement OF
IL on hand and deposits IN banks compares
ca' si H.. urcs OF the last previous statement
as follows
hand 90 N sssco so"so Zoo n, D1 .i'so
Ss 5,sss ', osGs9 s:s R.' sS "a
Actual cash in ne
owl sig zee zee s Pee "a
nssd.,ns IN banS iiajGcS- lfOo4os ''c' lo.l'u
-, s,so 400 fo4 .is9s72oos Dee, ss7 .9e5
r,a fo,c.rn c>changcs remained irregular On,
rondon rates were higher FOR slgnt drafts ana
Lonuo. ,,anstcrs but nnchanacd TOT long bills
canie mi Uni nxchance was inclined TO be weak
I!oninn arc rcvisIt quotations Tor actual
fotio W Ranl,nr.' bills 81 81 lass s. IL ard
r n's,n o,SI - 81 for long ana snort sterling
."caInac,ivcly. French francs. BIS '-ia''i6 -:
..osrSma,ks "a - and - IA
In London British consols were "caEN ana a
.hade, lower at ~ The h, Bank Of EngInd gained
Ior me me aa.uinn n, balance In the open market