New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-16
CLOSING PRICES OF CHICAGO STOCKS
CLOSING PRICES OF rHILADELpHM srocvs
WHAT WAS DONE IN STOCKS.

Tuesday. May Up NJ
The volume Of business az the Stock Exchanc.
was considerably larger than it was yesterday,
although total transactions amounted to less than
100000 shares The result Of the increased &C.
tivity was a smart decline. and, almost without
exception. early prices were the highest and last
prices the lowest There were no important DE-
yelopments but the little news seemed to be
favorable. and II may reasonably DE inquired L
holders OF securities are becoming uneasy 1t has
been asserted frequently in the bear interest tina.
the scarcity Of stocks was almost artificial. Be.
cause even investment securities could not Be
sold except at a sacrifice Recent attacks have
been defeated, apparently for the simple reasn
that certificates were not available for delivery
It is possible, therefore that the depression Ia
prices to-day was due partly 10 the reopening
the European markets and 70 general uncer
tainty. here as we'll abroad. in regard to fnar.
cial and economic legislation at the present ses
sion Of Congress. \ defeat OF the Tarin oil
would hardly explain a continued decline IA
American Sugar Refining, nor the dull strength
in Distilng and Cattle Feeding. The discus
sion of the Tariff bill has been protracted and
influence on Wall Street markets. much mon
important factor is the continued outflow OF god
which the Treasury is unable 10 check and
which II may soon find 10 be exceedingly emoa'
RAISING. The stability Of the National cur
rency must be maihtlined, but the duty OF mas
tanning parity between all forms OF currency r
wolves upon the Treasury. and Its powers are ~
stricted by law. The financial problem couid 0e
solved 50 easily by an intelligent ana reas0na@e
Congress- A brief act authorizing tne treasury
to borrow money at current rates might no. IN
crease Government receipts. nor reduce uo'e'h
ment expenditures. but it would prevent the ex.
portation Of gold. which in the circumstance
simply an expression Of European distrusL No
such act IS probable and the Treasury Will soOa
be obliged again to lay down on the New-ioh
banks to save itself from disgrace.
The most conspicuous feature OF the Stock mar
ket was the activity and decline in Missouri "a.
cifc. which lost nearly 3 per cent. The STOCK
must be remembered. is not dealt In abroad
but Is supposed TO be held In one Interest
restora ton of railroad rates by all western nes
seems 10 be possible. on paper az least ana hs.
souri, Pacific falls abruptly on remarkably larg.
transactions. The decline possibly was Que on!
to bearish attacks, but conviction on tnls POM
could be attained only by sight OF the cerllhea'e.
that will be finally delivered in Satisfaction :.
the sales Final changes however were ue0 .ps
and. apart from Missouri Pacific, wnch soY'
Conspicuous and alone" the Industrial Granse,,
International and miscellaneous stocks sunefsg
substantial losses The closing was heavy sn'
comparatively active at about the lowest hsu'''
THE DAY IN THE BOND MARKET
Government bonds again were virtually neg.
lected at the Stock Exchange. The only s 80.
was 81 900 coupon Is at 1l4i4 but although w..
was the asked price it was insufficient 70 s,,.
strength to the market. The closing quo'a"'"'
were as follows: