New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-08
CLOSING PRICES OF BOSTON STOCKS.
ON THE STOCK EXCHANGE.


While professional traders remain in control OF
the stock market there IL little possibility OF any
decided advance in prices and especially just at
present, when considerable anxiety is affected
over the mining speculation abroad. Now that
gold shipments have ceased, traders have taken
up the possibilities of Kaffir panic. and In the
absence Of any good support the market reflects
the gossip and views OF advocates Of lower prices
If they had carefully watched the reports from
London to-day they would have received little en-
enlargement on their predictions of kaffir panic
for the reaction in the mining shares which set In
Friday was not continued to-day and the feel
ing in the foreign markets was much brighter on
the mining shares OF course collapse of the
Kaffir show will come. There is, however, little
necessity for the followers of this market to worry
about it, but unfortunately. the natural bent Of
some people In the Street is to keep grip on their
panic IDEAS and the lack of heavy interests in the
market affords them ample opportunity to work
their hobby effectively There was moderate
liquidation in etocks to-day, and fear of string
ent money rates was in part responsible FOR IT,
The heavy falling off in the banks cash holdings
last week and the fact that a number Of banks
are below the reserve limit. shown in this col
umn this morning. undoubtedly caused fears OF a
stringency in the money market. some banks
called In their demand loans to-day, further en-
phasizing the indications for higher rates and
rates for call loans were higher In 1892 rates for
cent and In October they reached per cent, but
these rates were not considered stringent, and the
business OF the country al this time justifes an
advance In money rates While call money was
higher. time money not affected and sterling
exchange was easy. sight sterling selling in some
instances low 81 s712. The reports of rate
cutting in the West caused heavy selling in the
Western railway properties. but losses In the
Changers and Southwestern stocks were not large
London bought In this market in the early trad
ing and London quotations for American stocks
main satisfactory. and If the outside investors
could be induced TO come into the market the
present dulness and downward tendency in stocks
would be at end. The price Of anthracite coal
was advanced In Chicago. and another advance in
tidewater prices here will probably soon be made.
Reports from the trade show steady improve
mcnt In the condition Of the industry. and the
great change which has come over the trade In
the last few weeks would indicate that some
strong hand had brought the companies into har-
mony and effectually removed the causes which
were such unsettling factors early In the year II
Is not known when the Reading reorganization
plan will be made public. but ii will undoubtedly
be forthcoming at no distant date. and with It's
publication some interesting details of the anthra-
cite settlement may be found.
In the afternoon covering Of shorts brought on
moderate rally, but the majority Of eOcks closed
AT fractional declines. American Tobacco, Chi
cago Gas Sugar Refining. Reading and the
Granger shares were the most active and Tobacco
stock suffered the heaviest decline, losing over
ner cent It is not likely that a decision In the
Tobacco suit will be rendered this week and II
also Re not likely that the case VIII be remanded
hack TO the State court OF the active stocks ad-
vances were scored by Louisville and Nashville.
Ontario and Western. Reading. southern Railway
preferred. Tennessee Coal ana IRON Whetnhs
and Lake Erie and Canada Southern. st. Paul
showed no change at the close from Saturdays
last price but the rect Of the Changers were lower
The rate question In the West Is causing some
ANXIETY lust at present. and. according 10 to-days
dispatches from Chicago, there never has been
time when the rate situation In the West nae been
so demorallzed as at present.
The following are to-day's final prices com