New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-10
CLOSING PRICES OF BOSTON STOCKS
Boston. June o 1928
WHAT WAS DONE IN STOCKS.


The further advance in prices of stocks to-day
was merely partial reflection of the fresh con-
fdence which is everywhere the prevailing senti-
ment. The reported transactions at the Stock
Exchange We're not quite as large as they were
yesterday. but the upward movement was even
more decided, while reactions were evidently
more feeble. There is in Europe, and perhaps
in this country, growing belief that the Sher-
man Silver law may be repealed at the next ses-
sion of Congress. If noses can be counted cor
recty and the repeal can he achieved without
prolonged argument there can be- no valid reason
why a special session OF Congress should not be
held in July as well as September; or month
influence Of false financial policy, ana the sup
posed representatives Of public opinion, servants
Of the people, ought not 70 consider 1t hard
ship if they should be called together without
DELAY Outing shirts will he forgiven if an In
telligent vote can be reached, vot" which may
place the United States above suspicion There
would seem TO be reason why the Sherman
Silver law should not be repealed at once.
Stocks advanced from TO = per cent. The
Granger shares were perhaps the strongest, al
though there conspicuous exceptions. Mammal
tan closed with q gain OF about II per cent
and Northern Pacific preferred rose something
over 2 per cent In the first instance the al
vance was apparently due to quarrel, ana III
the second instance to a patched-up, peace , ~
uctant creditors Of the Northern Paciiic Kali
road have been brought at ast to h consider fbn ne
which could befall them. The market was
affected by the lower rates for foreign exchange
and incidentally by the higher rates for money.
THE DAY IN THE BOND MARKET
Sales of Government bonds were only 81, 900
coupon A. at III -, and $4,000 registered =
at 90 ga. The market closed steady, without
important change in quotations:
BID AsKcd. Bd.Ask'd.
o. ,s s ss: 1851 81 ssHI 1893 IS
5: i;s; &: II: r. 81; 8: :'s IL
State issues were neglected or city bank
stocks Central sold l25) at 1885, Commerce (6D at
100 and Western 400. at -.
The demand for railway bonds was unusually
good, although the reported TRANSACTIONS amounted
TO only 200, par value Northern racine
consol IS rose over per cent TO "a, and Chi
cago and Northern Pacific tirsts gained per cent
at 90. Richmond Terminal bonds were from
/ TO 3-4 per cent higher on the prospective
success of the reorganization plan Phila-
delphia and Reading issues were dull and Irr"9-
ular, and while general A. advanced ! per
cent, the income bonds wer" a large fraction
lower. Reference is made to our full report of
bond sales:
Money on call was somewhat d-arcr, and rates
for demand loans ruled az 6, with considerable
vanoed for tine 10 3 per cent, but last loans
were made at the ruling rate.
The Clearing House statement was follows
Exchanges, S93,la6.l5j: balances, Sj.s44,O09.
The Suh-Treasury to-day wds debtor to the
Clearing House s4ls,o4l. The business of tho
Sub. Treasury for the week ended tonight nrlulos
receipts of $29,2o7,o73, and payments Of
Ss4, S63.i77, against $7s, sSs,5ss on June 2. an
apparent gain of S6,393, 592 BIT deductine from
the payments S6,5s2,0 900, and from the receipts
81 o,95O,OOO for items which ancct only its ac
count with the general Treasury, its gain as
affecting the banks is only Si,s25,592.
To-days operations included Receipts
S2,01o,693; payments, $2,460,0o0, with balances
OF $63 ,523,3S4 coin and S2l ,2?J,113 currency
The Treasury bought 59,, zoo ounces of SILVER
bullion At prices ranging from e20a to o5.20
cents an ounce. The offerings amounted TO
l,l49,s00 ounces. but prices Of those winch wer"
rejected We're not male public. The Mercantile"
Safe Deposit Company of this city reported silver
bullion on hand, against which certificates are
outstanding, at 260,696 ounces
The United States Treasury at Washington
received to-day 1888 69j National bank notes for
redemption. The customs receipts were Sj+O.l4J,
tile internal revenue receipts SJJ0,3S6, and the
receipts $22j,77G
To-day''s Washington Treasury statement Of
cash on band and deposits in banks compares
with the figures Of the last previous statement
as follows
Net gold hand 1863 SOFIA 200 Inc sjl4 ss7
Net Iegal-tcndtrs
on hani ....... 27.25s. 2G9 271t51O2 Dec lI4,l67
silver hid 10 1921 6J IO,J40D2I Inc. 4