New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-02
CLOSING PRICES OF CHICAGO STOCKS.
r., os1vr pR1rrs OF pIuLADE1PH1A STOCKS.
1vt,Ar WAS DONE IN STOCKS.


Sneculation in stocks Is wholly siagnanI anu
there are many reasons why 1t should be me
ax,-,ordinarv accumulation Of money IN London
and New-York naturally eXcitcs the INQUIRY
What shall be done with It? THERE'S. in fact
M nreseYt relief Money is ping up In hnan-
cial centres simply because there Is n "'aolc
uso for r. eleewhere The passage OF lariii Dill
nv Concress-a remote contingencies hardIy
,i,al,. IN stimulate business In Europe. ana u
may not have much influence on business ~
This country A. the same time' 'he P'cSen.
Congress has been in session 100 Iuhs' AM -
- ,,erforro no more grateful DUTY than 10
adjourn without date. Its character mas PC"
jmpugned and its action on any question VIII ~
open to doubt There Is chalce o., -
,bot thera is not a single member 81 congress
Who ever heard Of Wall Street Inc Ih4uIS
which has been begun ought 10 De $50, r.VI
With great vgOr The action Of some eueiai
oHicars might be explained II the inNesuBduOh
was a thorough and honest one
Tho stock market was depressed IN the morn
to, boure but after brisk rally final changes
, - unimrortant American Sugar Refining
dropped below par. but 1t rallied quickly, ana JUS
below its highest price closed at an adVaI,e ~.
per cent. Chicago Gas was s.rOms a,i,.
the dav although its final advance was oiiS u
large fraction These were the only active s,o'kS
and. indeed. they were the principal EXCEPTIONS
~ the general movement. s. PAU ana LOUIS
,ule ana Nashville. Lake shore and New-fork
Central and in fact, all stocks which nave an m
ternatlonal market suffered IRA ,toNa. 49,
Sales for European account pIts+iiiaY.s VIZ -
tlnued and shipments ~ glld 10 huiope W
e. on 900 The exports were In spite or low
rates for money in London and on ne Con,lncn';
and they clearly represented DOUBT III reSri
n the stability Of the National currency. III"
gold was furnished rs the Treasury. which is
bound u maintain parity between metal ana
paper money. bu, Ia obliged 70 pay oNt R'1' AZ
though II j. also forced TO accept SILVER.
THE DAY ~ THE BOND MARKET
There were no transactions in Government
bonds at the stock Exchange. but ne markei
was steady at closing quotations as follows;
+ G 49,. 100, BIO N'"F' rs cur 6, isas 100. -.
IS 1907 reg 1871 iiS " eur C. iS 49,. i iC "
IS j 1922 reg Is. iis C. eur AZ is H. "
The business in state issues was comparatively
! large including Louisiana consol Is az s',2,
/ South Carolina 4izs a. l02 Virginia funded dcb'
% per cents at 59ss, and virginia deferred o.
stamped receipts at 7as and IA CITY bank
stocks were neglected.
The general bond market was slightly more ac-
! tive but reported transactions were less than
| Ss75 900 A, face value and variations were small
! and insignificant Atchison issues were hrm.
/ closing y per cent higher AZ '5's FOR Is an !
HH@3l2, for seconds Chicago ana Northern
Pacific nrsts. trust receipts. wcr" the traction
| higher at "A. and Northern Pacnc issues. when
! they were AZ an active. displayed an advancing
tendency. Philadelphia and Reading Incomes
were again almost neglected. but thirds rallied y
per cent 70 1914. Richmond Terminal IS and
6s, receipts. closed y per cent higher AT 25's and
! -, respectively. United states COrEhge nFStS
rose per cent to S4 Reference Is made 10 our
full report Of bond sales.
Money remained easy at previous rates for
both call and time loans.
The Clearing louise statement was as follows:
| Exchanges $50 1872. so; balances. $709S 1852
The sub-Trcasury was debtor to the Clearing
House Sji4.865. The business Of the Sub-Treas-
| ury for the week ending tonight includes re-
cepts Of $l5.32i.3G0. and payments Of $NG73277,
| leaving the general balance 57So92 against
Sl45,J27OO9 on May %, an apparent gain Of SOIL
0S3 Deducting from the payments S3.Sl3,000 and
from the receipts 81 so 600 for items which affect
only It's account with the general Treasury. Its
loss as affecting the banks IS S3359l7
TO-days operations included: Receipts 1891.
/ or; payments, $34G12l7; wiki balances Of SSS-
3O244 coin and s57.747.As currency.
The United States Treasury at Washington
| received to-day 1852 645 National bank notes for
! redemption.
The customs receipts were $4,000 the internal
revenue receipts sl56,2l9, and the miscellaneous
receipts $95.l0S.
To-day's Washington Treasury statement Of
cash on hand and deposits in bank compares
with the figures Of the last previous statement
roa hand SO c5s 10 c Dec " s5s@ Is
No . so' on hand ss 60 go Dss s So
Actual cash in the
Treasury
over outstanding
certificates SIPS GIL 0S sI2o III 52G Dec SO 100 scl
Deposits in bank. l2.o2oo50 II .0SO3i9 Dec ~ "a
Net cash balance $40 4c sI3o o sas Dec s. $50 3o-
The foreign exchanges were weak I'm the morn
ing hours. but afterward firm. ana rates were
not materially changed et the close Expor,.
Of gold amounted TO S2.2jO.OOO. making the tota
shipments In the week S5.2jO.0OO. Following are
quotations for actual business: Bankers bills
81 Si2 and 81 SSR@$i sSss for long and shor
sterling respectively; French francs 5lG7sd5I6ii
and 51j less 1-l6. reichsmarks. go. and 90.
guiIdcrs, 40 j-I6 and A. ZIG.
In London British consols sold. ex-ntcrcst. al
l0l lilo for money and at 1918 for the account
The Bank OF England gained further f43S O0I
bullion on balance In the open market mono,
was easy NJ less Than = per cent FOR discounts
and at isn2. per cent for bankers balances
Bar silver duh and unchanged at . 5-iGi ar
ounce. American railway shares were irregular
but lower and the close they showed 40 Sign!
. Of elasticity. At Paris French per cents wcr.
a trihe lower AT loO.6J. although exchange or
London was unchanged at 251S francs 10 the