New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-11

W HAT WAS DONE IN STOCKS.


Thursday. August l0-p m.
Inc STOCK market was not specially active to-
NY put prices advanced from the first There
vas Il more colilcnt sentiment, based apparently
vi 'rIiNaiS Oi gold from Europe and receipts
Vi currency attracted by the large premiums
cch'y PAID or compelled by the action of the
ciy banks IN advancing the rate for rcdiscounts
ara extensions The strained situation was re-
lieveu 80 lar that the premium on all kinds OF
currency was reduced Ii seemed not to b.
recognized that the latest receipts of gold and
currency Were due to the argent demand and
!hat decline in the premium necessarily tended
10 cnecK tne inward movement from both the
interior and Europe II is mere question Of
SUPP " and demand. but il would have been better
II the premium had remained high for short
time longer
The imports of gold from Europe have reached
such dimensions that the Bank Of England Offered
its usual objection in advancing its official rat" of
dlscount from TO per cent. The recent imports
oil god therefore. must be regarded justly mere
purchases at a high price, and the bank virtually
serves notice Oh this country that the price has
been raised. small engagement was reported
in the day. but it may have been made before
the bank objected to Il continuance of the move
ment. The advance in stocks moreover, was in
defiance Of natural conditions. The Government
crop reports were certainly not favorable, while
the delay in Congress in regard to the silver qnes
ton necessarily involved further distrust. 1t has
been hoped that the compulsory purchase of sill
Yer bullion would be stopped Immediately, but
this expectation seems doomed to disappointment.
The movement of prices upward. First
prices were generally the lowest General Flee
trio was not the most active stock, but it made I'll:
greatest gain. Ii rose over } per cent and re-
tanned the greater part of the Improvement. en-
cagO Gas rOse per cent and sugar Refining near
ly az much. Their final gains were not 50 large,
but the closing was not lacking in confidence. In
the active stocks the linah gains were from 10
per cent on an average.
TIE DAY IN TIE BOND MARKET.
Transactions in Government bonds at the Stock
Exchange were Omitted 10 $40, 900 registered A.
at 10. The market was firm in tone at these
quotations:
U. s. 4las, 1891 TScuros. 1so5 . .l0 G!
continued Mt tScut.6S lslI -IO2
us4s iiSScS77 T reg liz ssurcs lsss, iC3
Dis s COIL iS g 1871 SOL ILL., III liz .2
Among State issues Tennessee settlement, So were
1-2 per cent lower at "a -, but the business was
the sale of a single bond. or city bank stocks
Tradcancns sold t2Jl at 90.
The general bond market was dull, reported
transactions amounting To hss than $4,000 AT
par value The movement of prices very if
regular. Atchison 4s advanced the fraction 20
20 IL, and on small transactions seconds
were , per cent higher at 30 l-?a31 IA. Ere
seconds consos sold at 81, but at 81 3-s closed
without change. Chicago and Northern Pacific
first declined per cent 10 30, but Northern IA
ciiic conso js, after early sales az ~ IL, closed
steady al Al In general. the closing was dull
without other feature. Reference Is made to our
full report of bond sales.
Money on call extremely easy at ) per cent.
There was hardly any other rate, although re-
ncwals were AT per cent
The Clearing House statement was "a follows:
Exchanges, S76761,0IA; balances. 81 200
The SubTreasury wa. debtor 10 the tl"irlh-
House Sl36.59j Its net o:s on balance was
S9Ol Pts. made mp hy a loss OF Sl.si2.1sl IN
coin les gain Of S94l ,3G6 in currency Tn"
DAYS operations covered Receipts S?.432.S'j
payments, S3334,093: resulting in a general
balance Of S69.02s, j cs, consisting OF S1931",-
GA coin and S9,67i4s4 currency.
The United States Treasury AZ Washington re-
ceived to-day SIIs,ies National bank notes for
redemption. o -, ,.,
revenue receipts. $4s3,oSj, and the miscellaneous
receipts. Sl1.91s.
To-day's Washington Treasury statement o.
cash on hand and deposits in banks compares
with the figures of the last previous statement
follows o n,-o.o,oos
Net gold on .o5 tp5 sos SS s's'
w. % 's 5 5ss R g: sSf
Actual cash in The
ccrtlacste 1921 qn7 SO Siof 1lo SOL Dec, ssit95o
Deposits In lonK. II .2i2,29s ll3ii,3-9 Inc s'o3l
Net ca.h bal sss go I4s siae 49, 900 s7o5o2o
The foreign exchanges We're strong. bnt IN
the late dealings rates NieldedSn response u IN"
lower premium on gold, Cable transfers again
sold at "a 90. Lut rreceded IA per cent On Parls
cable transfers sold at 81 - and on lrrln
az % 5-s Long bills were Affected ny IA"
higher rates for money in London. FolI0"in"
ers' bills. 81 ~ l-2 ard 81 81 3-iaSi SO, for long
and short sterling rcspcctiycly: French francs;
5?11- and 51s "a rcichmarkS, % 30 and
% IA.
FOREIGN MARKETS.
Tie governors Of the Bank Of England AT Their
weekly meeting advanced its minimum rate OF
discount from : to per cent. In the week
the bank lost G2.290.100 bullion. and the pro
norton of reserve 10 Liabilities was lowered from
4Gl1 TO $3.50 per cent. against an advance IRON
4f.10 10 4j.j2 per cent in the corresponding week
last year when the discount rat" was unchanged
AZ . per cent ~ the London Stock Exchange
British corsols rallied the fraction 10 % -iG for
money. and 1-s t. % BIG for the account. In
the open market money advanced to l4a4 -
per cent for discounts and J.? per cent for
bankers balances. Bar silver was IA higher
at "a Sid. an ounce. American railway shares
were quiet and drOoping without important
change in rriccs. ~ Paris French 3 per cents
were practically unchanged nj $500 10, sight
exchange on London rpma ming nj 2j.32 - francs
70 the g sterling Although this is tho gold-eNport
inc pont no shipments to London were renOrted.
The weekly statement Of III" Bank of France
showed q decrease in speci" of 2.02i.o00 francs
Gold. and SOS, 600 francs silver That Of In"
Jmperial Bank Of Germany showed Il deere 81
i'm specie of 2,?600 900 marEs
RAILROAD EARNINGS.
BALTIMORE AND ONO sOUTnwFSTERN.
xnu,.. =, u,,o. 1881 81 ISL ssi 's :;si
H En,o Week %' in August sj9d0o sI54t7 s55o27
Ian I 10 Aug -. 1896 5j2 1iGo.933 1.505,7sS
CHICAGO. MILWAUKEE AND ST. PAIL.
Egnor q s 40 sos sss2 s7 "a "a
Jan. 70 Aug. L.. l9o'' 'ol I'io0'"'' '''''o'''
MISSOURI PACIFIC