New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-03
>,,os,xc pr,crs OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

Thursday November 2.--p. H.
The unconditional repeal OF the Pie'."'
law and the virtual Adjournment OF ''e 'P'
scssion Of Congress called To consioer "i'a''. -.
questions. had an unfortunate erect y" Wv
stock market The repeal brought 'he GUN
fry at once to a gold basis. ana consequence
q good many stocks which are not on 'hc s"."'
foundation suffered material decnies'
h,,s,rose was about the same IT was yes
terdav. and perhaps. the losses were IAN,
no larger than the advances then recordeo.
MI ,o,,rce If nrices apparently demonstrated
tho fact that the most favorable events are
of,., anticinated in the speculative markets
In ordinary circumstances. an ad)ou''"'e"' "a
C,oreress encourages buying for investment a.
count hut the present interruption In law
Giving is only for n month. and 1T cannot Nv
foretold what the regular session may hoid'
1r.y,ls about the tariff. the conditicn oi Inv
Treasury and provisions for dencit IN IN" =,
fiscal year may bc necessary, ana u'inapp"i
can hardly be FASTENED in a reSuiai sc"H'.''.
10 I. should be discovered that some means io'
protecting the legal-,ender reserve must W
ss1on,aJ the discussion might be pr0longeu'
The receipts by the Treasury are not anepu"U
- meet the disbursements. and the result must
be n further impairment of the gold reSrlNs q.
The London market evidently per'ri nc ' nr
difficulty. because it continued 10 sri ah,,,aos
every rally. II probably mere aIpieins,
business. and possibly the selling was on Orders
from New-York. The short interest IN 'ne 80 n,
stocks is still large If races IN UT. t,',,ia
.rovd are a safe indication, ana maniPuia
rio,, Of the London market would pc reaSoNa
bic. and possibly the last resort me h'la'h
on Louisville and Nashville. which was 80
successful as to cause Il final loss oil -ig PEI
cont WAS a conspicuous illustrator Ihere
were many rl,nors about the AFFAIRS OF me
COMPANY and foreign holders were reported 10
he opp,.S-d to further acquisitions out me
r,,mors were simply speculative. The move
ment was general. and fairly uniform however,
and final declines We're. as "a RUE from - ~
ahout Ola per cent. Larger losses were suIereu
~, snecial stocks and American Cotton Oh icli
over /, per cent on the publication of the yearly
statement The closing generally at the
lowest figures
THE DAY IN THE BOND MARKET.
Government bonds continued to be neglected
at the Stock Exchange, but asked prices io'
As were raised Y per cent The closing quota
tons were as follows
I; :o 81 tnstd i az T+eSrs.. Isosiot
rs !.1 1897; slIs i NE r sS"rS is,s
i U.s. "a Of l 80, lssssii Still ii:
The business in state issues embraced Aia-
hama class A. at 49, and Virginia funding aeb,,
"a per cents. at 52A, on sellers optioh ioi UNI;
DAYS There were no transactions III Guy DAMN
stocks. $1,000 ,,,,t,, du,,
Reported transactions were less IMAM 9l'oyo' wv
GOOD securities but the supply was n9ht. ara
the principal trading was In bones OF d So
ondary class The movement On priGe ,,, was as, ~
small fraction higher at 1874. while "A SECONDS
were more active and tn" same fracloh iowe,
at 40a4Oh. Erie second consols ieii ABOUT -
Der cent TO g. Reading first incomes were y
per cent higher at So. but other issues were
weak and fractionally lower. Texas ana racine
frsts gained "a per cent at 10. and income sec
on1s fell x per cent TO 1873. reference IL 'iaoe
ia full
Money ON call remained In abundant supply
at about !. per cent. although d Small pHSihess
was done at per cent
The Clearing House statement was as follows
Exchanges, sl33.4li,s24; balances SIG, 3os.
The Sub-TreaSury was DEBTOR 10 me SIeatihs
House $S262is It's net gain on balance was
81 1862 O44 made up by gains OF S5Gc,13l in coin
and SOL 253 in currency. The days operations
covered: Receipts, $Aos1,llS; payments. SZ.sIS-
O75. resulting In q general balance Of S4.s9l.-
673 consisting OF $51.G5i,CJ2 coin and $l7,237.G2l
currency.
The United States Treasury at Washington
received to-day s453,036 National bank notes
The customs receipts were s572ss3. the inter
nal revenue receipts $44S,zlV ana the Wiscei-
laneous receipts $l32.lS?.
To-days Washington Treasury statement OF
cash on hand and deposits In bank compares
with the figures Of the last previous statement
as follows. -
Not gold on hand Sss ss is Dec
ssaS ia a7c s 81. ss,cIa I Dec 10 ;SI ~ ~
Net SILVER OH ma oAlosV o'-"''''o Dc'' '"'''''
Actual cash in the
Treasury vaults
over outstanding 80 .o.n.o-o, o,. .oc
certinc 80. ISL ~? ~ ~ 20 Dec
DEPOSITS IN bank l2,si'''ai '-''Vio' Dec 'I-.oD
Nc. cash bal .io9 oos BIZ sIooi5'4eo Dec. s5asaso
The foreign exchanges were virtually UNI
changed There not much business ana
heavy imports Of gold are not probable. Fol.
living are rates for actual business: Bankers
bills. "a S0k asa S1A and MS5%Ms4 "a Tor long
and short sterling respectively; French francs.
saSaM52sM and 52lM452o reichsmarks.
9I&. @giIs and s5is.
FOREIGN MARKETS.
rha governors of the Bank of England. at
their weekly meeting. MADE no cnange In its
I'LL cent In tic week the bank lost f5s5oo4
hu,,ion and the proportion Of reserve TO Ia
bt,tics vas lowered from $3.50 10 1923 per cent,