New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-24
CLOSING PRICES OF CHICAGO STOCKS
WHAT WAS DONE IN STOCKS.
Thursday. August 90


There was a decided increase In the volume OF
business at the Stock Exchange to-day. The re-
suit was a higher range of prices. and according
TO popular opinion the upward movement mas
hardly begun An abrupt rise Of nearly per
cent in Lake Shore gave strength TO all the VAN
derbilt stocks. and u promptly whispered
around the Street" that the vanderbilts were
quietly buying Canada Southern. Chesapeake and
Ohio and Nickel Plate" securities.
The prominent feature OF the market however
was the strength OF the Granger stocks. Chicago
Burlington and Quincy rose "a per cent 81 faui
and Rock Island nearly az much. vi lhese o'ns
ST Paul enjoys an international market but TINS
fact seemed 10 exercise only slight influence
There was considerable buying for European ac-
count in stocks and bonds and everywhere APP
pArently II believed that an era OF prosperity
in this country has set In. To be sure. the Presi-
dent has not yet affixed his signature to the new
Tariff bill, but the Treasury has hxed the precise
moment at which the law will go into effect.
II he should continue 10 withhold MS approval
Distilling and Cattle Feeding was the most active
stock but its final gain was only traction. ana
American Sugar Refining was quiet and virtually
unchanged. These stocks might be seriously az
fected by the change IN the tariff law, ana thslr
hesitation must be considered signihcant OF the
nrofound uncertainty. The advance In the mar
ket therefore. not wholly due to naturaI
causes. 1t was largely sentimental. ana VIM.
there eyiden " was some buying for investment
Il * 10 be feared that. In other instances IL re-
suited from fright on the part OF the bear facti0h'
1t was reported even that some private se.tIe
ments were arranged. Whatever the influences
the strength OF the market was incontes'abie. ana
the closing almost buoyant.
IN THE BOND MARKET.
There were again no transactions in Govern
ment bonds at the Stock Exchange. but bids Tor
both classes of IS were raised q per cent N'o'-
ing quotations were as foiio"s'
u s. .. 1891. BID Asked ys sS s .'A::
T. son. y. ia il4a Us cur Ss.is.5 io7
IS sSie.sIt u, s, T Ts cur cur g. g.. "
rs s. $780,. is iS S. c sc's
The business in state issues was limited I?
small sales. South Carolina non-fundabie es at
. md Virginia 20 per Cents at 5Sh. City BANK
stocks remained neglected - .~,ram.,v
The general bond market became extremely
active and sir sas 600 at Mep face value against
Il 600 600 Yesterday The Increase In business
naturally resulted in higher prices ana ,' r,e
movement was general enough to be called UNI
xersal. The advances. however. were not uni
form The strength and ACTIVITY IN l"'i t,,i ,n
and Reading issues were c" con pHs A. - o4ss
comes rose 2Ih per cent To SO: SECONDS "A W -
and thirds III to 1sh419%. but what was inuun
more significant, the genera ~ were III 49,
demand at a final advance OF ~ per en- ana pa.
large business was done. also IN IeXas anu
cifc seconds which gained ~ ana IN "a D.h
frsts which gained nearly per cent. 49, 80
mond Terminal collateral trus. ad % onIv a small
,rac,,nn ON small sales Erie second consols
were TX per cent higher at 1878. sups'an nn"a
gains recorded Dy many
~ which were affected by special causes; nei
oranca "a made 10 our full report OF bono SAFES.
Dntos for money were not changed, ana lor
both demand and time loans previous rates pre-
vailed .1, u,os &C follows:
The Clearing House statement "a .5o 6 nso
Exchanges, s74 1896 1888; balances. NuZvsS- CLAIR
The Sub,Treasury was creditor at the CieaI
ing House 1912. 1892. Its net gam on DC pa n, ond
s4a2 sos made up by gains or $46o4o IN I'm. I'm ~
&c os0 IN currency The days operations IN
ciuded Receipts $3106Al; payments: $780, 90
esnitine in a general balance OF Sl4l iso,o'-, cp,,
t ., s7e e22 $40 coin and $6 25S,o52 currency
The limited States Treasury at WashnB,on Ie-
caved to-day $3.50 997 National BANK notes 80,
San,nt,on The customs receipts were VdS.ii'
the internal revenue receipts >l'-o'''''' ""' Wv
miscellaneous receipts $2,6O9 ..,, y,
Tnday's Washington Treasury statement Va
cash on hand and deposits In DanK coi,ip,
18th the figures OF the last previous s'a'eN'o"
as follows
August %. August ~. Differences,
~, hand ST., $50 sci s34.Ss2.G5i Inc. $780,
Net ;s sss.s ;sssE'5f Inc :s
Actual cash in the
vaults
S CysT 900 I"c ss
nenos,ts in bank. l3.o'""os I','o'.' NV -
,,, slsa, o,i 49, sisa. 7s2.i7O Inc. so7oH'
,r,o foreign exchanges were distinctly ,om WEI:
,.hnuoh business was not large pecausc ~ m
or or day The demand TOT reH ~ 10. se.r,ed
light and consequently tne SUPPL ,o,,,ons for ac-
isma amended are revised luosaios ' q. car
large; ,pr.s. Bankers bills. 81 S5H4 ana - oo,s
tua ~ nd short sterling respectively Ien.a a
Tor ions sIs& and 6l7lt: rechsmarks. Soh anu
95%. ,opr1CN MARKETS
,o-s ~ the Bank Of England at their
me me. "sn..,Ine made no change IN its MINIMUM