New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-22
CLOSING PRICES OF BOSTON STOCKS.
Boston. July y. 1898.
v,.,..dor r. dos. xoatnrd., To-day
WHAT WAS DONE IN STOCKS.

Friday, July Up. M
The stock market resumed downward course
to-day, but the movement was sluggish and lrreg-
ular Chicago Gas and General Electric. by some
fortuitous circumstance. Were the leaders in the
decline. From its highest point General Electric
fell per cent, but the recovery was equally
rapid if apparently less excited and the stock
recorded small final gain. The debenture bonds
of the company closed at their lowest point with
further loss of per cent. Chicago Gas was
less fortunate than its early companion and, III
spite of rally Of about l per cent, it suffered
loss of ] J-S. Sugar Refining WAS the most
active stock, however. and although II closed
! 10 per cent above its bottom figures, il lost
nearly . ID per cent. The three stocks which
by their activity or violent fluctuations attracted
the greatest attent IL belong to the industrial
group 1t is impossible, therefore, TO say whether
the movements We're purely speculativ" or the
result Of the condition Of the companies. HE
selling may have been for the short account anu
on the other hand it may have beep fresh rcaliza-
tons by the inside interests. In the railroad
list a decline of over ! per cent in Erie. with a
much larger one in its second consolidated bonds
was probably the most conspicuous feature
There was revival OF the recent rumors'
previously proved to be uniOundcd that ia"
company was having trouble in carrying it,
floating debt. Next TO Erie, Lackawanna wac
specially weak and ii recovered less than Il hal
"A
| TO he affected seriously BY the closing Of mills
and factories (which in the Eastern States may
become epidemic. The closing means not only
idle labor, but a smaller consumption of coal even
when the mills an. run by water power. ne
news of the day not otherwise nfaVorabl"
| Their. was "a good demand for money from IN"
| West and South. hut the banks were amply adj"
TO meet il and rates for call loans at the Stock
Exchange were decidedly easier. The closing
was in the midst Of rally. but il was not strong
| To some recent incidents in the trading al III"
Stock Exchange unusual prominence has been
given In compliance with the general but
strictly unofficial ,pinion OF the Governing Com
mittrc, the president of the Exchange tomorrow
members lie will explain, presumably TO
| their satisfaction. the difference between
| currency and COIN according to wall
Street and Government accrptation OF me
| terms. lie will possibly attempt 10 explain inc
declines in Distilling and Cattle Feeding, National
| Conlage Sugar Refining and, not 10 make too
| hurdcnsOne a list. he must not overlook the r"-
| cent decline in General Electric. The dealings
in these stocks are under his supervision and, OF
course he knows whether they have all been
genuine In the case Of General Electric II -
possible that he will specify the directors who
| hnld more stock than they did three months ago
or even when the last quarterly dividend OF
per cent was declared. Otherwise his remarks are
| in danger Of being considered pedaeogic.
THE DAY IN TIE BOND MARKET
There unusually large business IN GOV
ernment bonds The sales included IS coupon
| and registered 4s, and currency Is OF 1896 1hry
were made at the bid prices, excepting those IN
| As which at HELL IL. The closing
| quotations were unchanged as follows