New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-20
CLOSING PRICES OF BOSTON STOCKS.
Boston. April 10. ~
YESTERDAY To day. Yesterday 10
WHAT WAS DONE IN STOCKS.

The stock market is awaiting with c0mmcnuapie
patience q distinct enunciation OF the financial
policy OF the now Administration. frlccs de-
c incd to-day from fear tina, discrimination might
he made between the many different forms OF cur
rcncy. Their. was no conclusive reason, however. TO
SUPPOSE that the reports about the Treasury notes
issued under the sherman law were correct II is
admitted. at once that the best way TO prove a
law bad is to enforce it, The act Of 800 was I'M
douhtedly bad, becaust it attempted TO establish
two measures of value without an international
agreement. The countries which prefer gold as a
standard have been drawing it from the one cour-
try which uEdcrvalued it, Ii Is not surprising,
the reforc, that the movement OF merchandise
sho ild be toward this country and that oil gold
outward. The very rumor that the Treasury con-
templatcd for instant the exercise Of It's legal
power TO refuse god for Treasury notes was
enough 70 excite dncasncss. Such action would
he virtually suspension o. specie payments. and
it is happy sign that official order to this
effect has been issued The suppostion that IT
would check the outflow OF gold was answered by
the advance in foreign exchange and the arrange
mcnt Of shipments on Saturday OF at least S2,5OO
900. Distractions 10 a natural flow OF money are
mere dams which coniine the stream 10 make II Il
torrent.
Inc most significant feature of the stock mar
ket to-day was the weakness OF the Gould stocks
Missouri Pacific may nave been affected by II
rally OF nearly per cent II suffered a hna loss
OF IS Ter cent. There were no special reasons
Tor the movements, but Western Union, Man
hartan Railway ana less active stocks in the same
group like mon Pacific and Wabash pre- lcrreI,
closed at about their lowest nglires II there Is
ono stock in the whole list which should not be
affected otherwise than fivorably by a suspension
oil god payments war in Europe, by cnocra
, cpdemc or an International Exposition, IL IL
Western mon telegraph, and yet that stock
was weak, even il II was not active. IL Is out OF
TIE question to attribute the selling of any stocks
to bearish attacks. There was slow but steady
liquidation, and perhaps there would have been
a more active market If il would have absorbed
larger offerings. gold panic In a mild form
seems to DE IN progress.
THE DAY IN THE BOND MARKET.
Small sales of Government Is were made at
dropping prices For both classes of this issue
bids were lowered The closing quotations were
;e s s1si is' U.s. eur CUES 6 1925 lds
Dis.coi.a.oo' i,oS.l1ia liz
The business in State issues was limited to
Alabama. class iB, at LOG L.. or city bank
stocks Seaboard sold 90 at rs, but sales at auc
ton were rather more numerous than usual. They
are reported In another place.
There was practically no demand for railway
bonds, and consequently prices continued to de-
cline. Erie second consols fell to 05 ID, and at
90 suffered final loss Of IL per cent Atchison
general As were IA lower at 81, but class A
seconds were steady around 3D. Reading in
comes were dull and not materially changed.
Texas and Pacific issues pressed for sale,
but their final losses were fractional. Western
New-iOrk and Pennsylvania seconds fell per
cent to %. Reference is made to our full report
of bond sales.
Money on call ruled at per cent Excep-
tionally there were some loans at 4 IL and 3 l2
The Clearing House statement was as follows ::
Exchanges, Sl3l ,6O4,o4l; balances. Sj,51G,s42:
NH. Iroa Iahf IN ,, ripr
House Sl,Os7,4?i. Its net loss on balance was
81, ,142, made up by losses of Slli12s in
cash and Sl,o09.sl4 in currency. The days
operations included: Receipts, Sj,O77,G22 pay
ments, S4,232.l64 resulting in general bal
ance of Sss.l2sssl, consisting of S72,14I,1l2
coip and 81 J3s 1863 currency
The Treasury bought $3.50 ounces Of silver
bullion at s3 l-2 cents an ounce The offerings
were 100000 ounces, but the prices Of those
WHICH were rejected were not made public.
The United States Treasury at Washington
received to-day S5l3,72l National bank notes for
redemption
The customs receipts were S653, 74s. the internal
revenue receipts S55l,6s7, and the miscellaneous
receipts S90,l20.
To-day's Washington Treasury statement of
with the figures Of the last previous statement
follows:
Net gold on fgn e nps o Inc
.i nSna On ~ sssIsss Dec s,qss
outstanding
certificates 1870 10000 sl30os3t S47o,123
Deposits IN bank l0,sTJJ7 )l,02lli0 Inc. IL, lf3
Ne, casa bal sii els 1917 sHl ,2JioI7 bee. s3I
There was not much business in foreign c>-
change. but rates on both London and the Con-
tnent were higher There was an evident r.
luctance to sell long bills. and rates for them
were strongest. Following are quotations for
actual business Bankers bills, ~ 81 and
"a ss 3-4aS4 so for long. and short sterling re-
spectivcly; French francs, JIG rs and 5l4 3-s:
rcichmarks. % j-l6 and % ll-l6.
In London British consols further advanced tho
fraction to 90 l-16 for both money and the ac-
count; In the open market money w.s in
and ! IA for daily balances. Bar silver was
the fraction higher at % led an ounce Ancri-
can railway shares opened strong, but declined
readily and closed at the lowest points Both