New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-01
CLOSING PRICES OF rmILApELrnIA STOCKS.
WHAT WAS DONE IN STOCKS.


The course Of prices al the stock Exchange to-
day was exceedingly variable AM uncertain In
the opening DEALINGS the market s'rmcl to b.
wholly unsettled and. in spite OF smart Declines
first prices rarely the lowest. For the weak
ness there was no evident reason AMI the following
movement excited the suspicion that 1t was a
pant of a speculative manOcuvre. turn III I'll"
current was caused by the obstinate strength OF
Western Union. which after frW minutes b'gln
to advanc. on what appeared Il he confident
buyin2. The scarcity Of the stock for use III
deliveries was made 50 great that a premium OF
l-2al per cent was eNactcd. II WAS suggested
even that the short interest mad become - "N-
ces.ive that corner in the stock was by no
means impossible and. in support OF this theory
il WAS explained that the amount of Hoa'lng
s,oc,, wand NOT exceed 100. 600 shares The
ab>ur lty Of the proposition X cNpos'I PLAINLY
hy the facts that the share capital amounts 10
100000 900 and that the stock IL distributed
more widely than ever before i'll the history OF
fine coumanv. III" sub.pqucnt movement, IN
Western Union were giraffe. but its last price
was practically the highest an is final gam was
80 per cent. Although exceeded IN point o!
activity by several Other stocks II WAS TN" Leader
of sucrllaiun Throughout the day. Nearly an
The active stocks. however were IN demand III
the loan crowd although the extent OF the SNORT
interest may not h. measured accurately ~ tir
rates THAI were paih.
The final dealings We're affected by the weak
ness of foreign exchange, which decllue IN up ~
If easier rates for money, and ny numerous ruInors
of fresh engagements OF gold for importation.
An additional issue Of over S?.JOO.O0V llc1flh1
Ious,. certificates making the amount larger even
than in 1873 was accepted as sign ~ heavy
imports Of gold and not Of bank necessities, ana
this popular theory was confirmed apparently y!
rrports that nearly 81 100000 gold had been or
dcrcd directly 10y Chicago an smaller HIilo"nt
I,v Boston Including the S2,OO0,0VO announced
ON SATURDAY. the amount OF gold now on IN" way
IN Tins country was estimated al ABOUT HJ,V"";,
900 The receipt Of tins amount OF sPc'" VIII
h. welcomed gladly and, no doubt, VIII nav"
beneficial influence on the stock ana mono! nv
kots The rally which started by the IlgIi
leaning rates for stocks, and stimulated Nv W."
nrosnective imports of gold. maInialn'ai with
fev, interruptions 10 the end. Final changes
generally were advances. but excepting W Western
Union 5-s and General Electric per cent, they
were small fractions. Chicago nas, winch was
second cnly 10 Sugar Refining in volume Of busi-
ness. surpassed II ny final loss oi 3-S per
cent. although il recovered part Of It's f'isi de-
small fraction after fluctuations extending over
3 per cent Other declines We're exceptional anu
few.
TIE DAY IN TIE BOND MARKET.
Government bond, unusually active, al
though the transactions were not Iarg" 'oHpoh
4. sold ~ % and registered T., IN Il smaller way
AZ 1881? The saics included also currency
Is Of 1895 al los These prices showed declines
lower in accordance with the actual business