New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06
c,os,xc pr1cFs OF BOSTON STOCKS.
WHAT WAS DONE IN STOCKS.

IGllaN, My J-p III
The wild fluctuations in the industrial stocks
to-day proved that the nnperatiV" iIui"a'ioi
b,dtfallcn upon a market in which there was
u.,Ie ou,sde demand In the early dealings
General Electric fell from 50 10 IS, but il after
ward rose TO 50 and at - =? closed with loss Of
only - per cent. Sugar Refining. in which IN"
transactions were nearly one quarter OF the total
business. 1cned higher, ami at first further al
~anced bnt from s6 - il fell 10 GO and closing
NJ 81 suffered a final loss Of only ! per cent
Other noteworthy movements OF III" same Kind
were in Chicago Gas, which declined nearly !" per
cent i'm Manhattan Railway, which declined over
H. and in Cotton Oil. National Cordag" and oth"r
special and industrial stocks in which declines oil
from 8 to 10 per cent were recorded III" influence
on the general market was naturally nhIaN"ra"'"
and sound divid"nd-paying railway stocks w'r"
not ashamed 10 yield from 10 per cent. ire
recovery was equally rapid and the only final losses
of any cou,eui,cIIce were sustained by III" two
stocks first named In all other instances the
carly losses were more than recovered ana last
nriccs showed substantial gains. ~. Paul after
selling az - closed AZ - Is, an advance OF a
pcr cent, willie Louisville and Nashville hnaliy
gained IA Union Pacific 81. Missouri Pacihr :
and Erie and Philadelphia AMI Rca !ing earh ~ per
cent Chicago. Burlington and Quincy, whlch carry
declined nearly per cent rrrOrtl"1 lrac'I"haI
gain The buying which caused the rally was
from many different sources Inc purchases i1r
EurOurdD account WrfG U'nrJl, dIll III al 'h'i"
way fresh interest was displayed by home m
vcstors. but the principal buying was Tor me
short account. both domestic and foreign, whilc
the early declines were so abrupt ana severe. 'ao
they compelled support in some stocks by lnsi'ie
interests The closing was active, ana, u not
always at the highest figures it was apparently
confident. .,.
smaller houses was received with sincere regret,
and the closing rally was caused partly by tnc
report that friends OF Mr. Whitr would r'Ilc."
-. A.. mt nd ana
resume business without delay. The most favor
able feature of the mark.C, however. was IN"
complete decentralization in rates Tor iorci2n .A-
change No shipments Of gold will b" made 70
morrow but what is much more important Tue
low prices of many stocks which are favortcs or
speculation abroad promise to attract buying
that NAV indefinitely postpone exports The events
of the last few days, with the shifting Of loans
which they have made necessary, may affect adj
versey the weekly bank statement, but no acute
stringcncy in rates for money has been experienced
and none is expected. In real panics money -
inaccessible on the best securities, but there has
been no time recently when holders of sound
railway securities could not obtain all the money
they wanted at not over the legal rate of interest
TIFF DAY IN THE BOND MARKET
There were still no transactions in Government
bonds at the Stock Exchange. but the market
was steady, and bids for several currency ISSUES
were raised l-2 per cent, recovery OF the loss
suffered yestcr lay. The closing quotations were
follows
hid Asked. bid. Asked
L. s. Ais. 1891 US. cur o.. 1895 O5
continued l = curtis. 1890 1917
per cent reg 10 ..... IS. cur.Gs, lSJ11l0
% %ss4: !SS7 s:$ s H: s t S' S; Is s'
A small business in State bonds included Ala
laina, class a. at lO?. and Tennessee settlement
50 at -. or city bank stocks Tradcsmcns sold
i2jj at ll2.
The general bond market was neither active nor
excited. Reported transactions We're under ST.
500, 900 par value, and while the course of prices
was irregular, the market displayed no weakness
and, in fact, the final advances We're
more numerous and much more i'm
portant than the declines. Erie second consols
sold down 70 % "a. but at - - closed the
fraction higher. Chicago and Erie irsts finally
gained per cent at ys. and incomes were also
! per cent better az 80. Chicago and Northern
Pacific iirsts advanced from 90 l.? to 20 ID and
Northern Pacific - from 90 10 &C. or Phia-
dclpIia and Reading issues, first incomes were
changed at ~. seconds closed IA higher at
80, and thirds per cent higher ~ - -. while
general Is declined to - ~, and at "a ended
with small loss. General Electric dcbenture IS
opened at S. decline Of Z per cent, but on
small transactions they rallied until their fnal