New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-26
CLOSING PRICES OF BOSTON STOCKS.
Boston, May 70, 1873.
day. YESTERDAY. To-day.


Scr s e." pref " % E il q 81 5f IS
F rSGH ! sccEiis. Il i PC N'' i'''0n
WHAT WAS DONE IN STOCKS.
Thursday, May 25-p. m.
The stock market was more active to-day, and
the buying for both accounts was at times spirited
The carly transactions were attended with great
confidence, and nearly one-thid of the total
business was done in the first hour. This move
mcnt was in response to the advance in the Lon
don market which was caused by the report that
an extra session of Congress to repeal the Sher-
man Silver law would be held early in August.
The abrogaton of that law would tend greatly
to restore confidence in American securities, and
also T. check the Withdrawals Of, capital which
have been going on for more than two Years.
How great an influence it might exert abroad
indicated clearly by the rapid advance which
followed the mere rumor of an early session Of
Congress Belief in tho report was less confident
in Wall Street. although the early dealings I'M
doubtcdly wcre influenced by it. Afr the first
hour the market became quiet, and toward tho
close absolutely dul In most instances con-
ccssions from the highest figures were allowed.
hut final variations were generally substantial
advances. The activity and strength of TN"
Granger and, indeed. all the Western railway,
shares were specially encouraging. Ihry wcrc
due partly to more favorable news apout me
growing crops, but still more perhaps, TO thc
increased earnings which all the companies arc
making The general manager OF the Rock Island
Railroad, for instance reported the passenger cara
ings far in excess Of those year ago, and SIM
lar accounts were received by friends Of other
Western lines. The final advances extended from
per cent in ST. Paul and Is in Rock Island
TO IL per cent in Chicago, Burlington anu
Quincy. In less active stocks even larger gains
We're recorded Among the industrial shares are.
American Sugar Refining conspicuous by its
and alt IL
from its highest point it still scored an advance
Of 1-2 per cent. As q rule other industrial
stocks were lower and General Electric parilcu-
larry seemed to be pressed for sale Its cxiiem'
decline was nearly 4 per cent, but its final los
was only IA per cen'; Other c5ceptionai a.,
clines were in Ncw-Encland and Richmond ana
West Point Terminal. which both closed weak at
about the lowest figures.
THE DAY IN TIE BOND MARKET.
There were transactions in Government bonds
at the Stock Exchange, but the tone OF the marhct
was strong, ana asked prices for both classes
of Is wee raised IA per cent. Final quota
lions were as follows:
BidAsked. Bid Asked
u ssa,t niue ss ss%S. is sSS1Ss
5; - H.
The business in State issues was limited 70
sale Of 500 Tennessee settlement 3 lsmal AZ
50. OF city bank stocks Western National sold
(26l at liz l-o. A.,
The general b0nl market was eNtIpHoIS "uii,
reported transactions amounting. to only $500 900
par value. Edison Electric Illuminating hrsts
fell per cent TO llOl-2. and General Electric
debenture Is were ! IL per cent lower at 80 l-2,
witn a sale of a single bond at 50 1-s. Northern
Pacific consol IS declined further per cent TO o.
Missouri Kansas and Texas AZ were III moderate
demand at an advance Of 3-8 Ger cent 70 81 -Sa
81 Philadelphia and Reading issues were quiet,
but second incomes rallied l.? per cent to 70;
Reference is made to our full report OF Dohd
sales. ,
Money on call ranged from to per cent. and
considerable business was done al the higher rate,
but otherwise the market was featurecss. me
great bulk Of the business was done III = IL
The Clearing House statement was as follows:
Exchanges, $0o,O46,O20; balances, Si4o5,SM;
House SS44,s72. Its net gain on balance was
S147,O25 made up by a gain of S9l9,2G9 in com
minus loss Of Si;2,244 in currency; The days
operations included: Receipts, S3,334,O90: pay
ments, So 81, 0Gj; resulting In general balance
Of $3.50 O9l, consisting Of $6O,200,Ol7 coin
and 81 bal OF currency ~
The United States Treasury at Washington
received to-day $22l 1885 National bank notes for
redemption. o-.,oo ..,
revenue receipts S42J,'4o' anu inc miscciiaheo"'
receipts SS5,G4l.
fro-day's Washington Treasury statement OF cash
on hand and deposits III banks compares with the
lgures of the last previous statement as follows:
xo cold on hand HsS Dec Ds5sSs
- l lsSsis I Rss sssGs ssS
Actual cash IN the
Treasury vault,
outstanding 800. -. 80, ., - 49, So, -, oo- m.
Deposits In bank II 1914 ,1i6 1l3O0,OiG Dec oi.l3o
Net cash bal s13G Gil 1877 sIA sS Dec o2i
the foreign exchanges fairly active and
rates were strong and a trliic higher In London
and Berlin money was dcarcr and at Paris eX-
change Oh London lower. All these circuui-
stan res tended to stifIcn prices. Although 1T
was an off day, il was expected that shipments
of oAd on Saturday would exceed $2.OOO,O0o
Following are revised quotations for actual
business: BYnkcrs' bills. 81 So 1-2aS4 So "a
and 50 s9aS4 80 IA for long and short sterling
respectively French francs. 81 "a and ZIG IA I;
reichmarks ~ rs and % l-2.
FOREIGN MARKETS
The governors Of the Bank of England, at their
weekly meeting, made no change in its minimum
rate OF discount, which remains at per cent
in the week the bank gained G604. 900 bullion
and the proportion of reserve TO liabilities was
raised from SO. 0D TO $3.50 per cent, against an
advance from A3.52 TO 44.73 per cent in the cor
rcspondng week last year. when the discount
rate was unchanged at per cent The bank to-
dav gained $50, 200 bullion on balance At the
london Stock Exchange British cOnsols rallied
1'Is IN Ds 3-s for money and 90 ZIG for the
occount In the open market money was firm at
Aa4 10 DER cent for discounts, and easy at "a
q - pcr cent for daily balances. Bar silver
was steady at 81 3-4d an ounce American Rail
,v,v shares advanced steadily on the report that
an elira session Of Congress would he called for
an carly day The closing was confident at the
heat doIres In Paris French 3 per cents were
slightly higher at 1850, sight exchange ON Lon
don being l.. confines lower at 25.26 francs