New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-17
CLOSING PRICES or BOSTON STOCKS.
Wednesday. September 16-p. m.

The professional element in the stock market
continued its efforts to bring about a lower level
OF values to-day, and at the close the result OF
the DAYS operations showed net losses OF Il to
u per cent in the majority of active stocks Inc
market was sluggish and dull. and prices ana
dealings had little connection with current inan-
cial and politcal conditions A break in Sugar
Refining of over per cent helped to depress the
market while Chicago Gas again declined on the
renewed activity Of AttOrney-General Maloney
Of Illinois who now evidently intends to resume
his warfare against the Gas Trust and all other
similar combinations which have given him such
excellent chances for the display Of his energies
during his control of the position he now holds
American Tobacco and the rest Of the lndustrials
were weak and the standard railway SHARES
were down per cent and above, with last prices
at about the lowest OF the day. There was no
outside support, and professional traders eN-
IDENTIFY were working on the same lines as yes
terday-depressing prices in order 10 acquire
stocks for future profits More gold was en-
gagged at the Bank of England to-day for snip
ment here and a further advance in sterling In
Paris indicated shipments OF the metal from
there in fact, it reported In London ana
here that large amounts OF gold would be shipped
from Paris for American account this week anu
next. The money market evinced STRONGER
tone. and there slight Increase IN actNl'!;
The local money market gives no indication OF
reverting to easy money ct present ana IL ~
doubtful If call loans will go lower on the aver
age than Ji2 or q per cent this year. mere ~
practically nothing doing in time money ana
very little in commercial paper. although III the
last named branch of the market brokers report
somewhat better inquiry. and IT Is likely that
rates will not rule for any protracted period al
present figures. In saying that there will not
be easy money il is not sought to convey the
impression that there will be stringency In the
market Fortunately the stringent period is
over due to the receipts Of gold from abroad.
and while such receipts have not materially
helped the deposits in the banks. they have pre-
vented serious condition or allairs III lhe
monetary situation. Shipments of currency 10
the interior for crop movement purposes con-
tinue heavy and ii is likely that the fall trade
and the election of Mr. Mckinley Will cause
heavy demand for money. and in view or TINS.
an easy money market cannot be predicted for
the present at least The changes IN the nold-
ings Of the New-York banks since the nomina-
ton of Mr. Bryan have been heavy, showing a
decrease in deposits Of 1888, 800. a decrease
in cash Of S27 .921 900 made up by a loss In
specie Of 50 $50 600 and loss in legals OF Sill
93S 900: decrease in loans OF Nj lUO ana
an increase in circulation OF S411o9oO. with
such changes and with an increase in the de-
mand for crop movement purposes and with the
probable heavy general trade demand later on
il can readily be seen why there VIII not he an
easy money market in the near future High
money rates at this period are not altogether
unfavorable; they may initiate against specu-
lative operations on the Stock Exchange, but
that is no misfortune and they Will tend 10 in
huence the London money market and help the
movement Of gold this way. 1t was not thought
likely to-day that the Bank of England would
raise its minimum discount rate tomorrow.
Closing prices for a number Of active stocks
compared with the final figures of yesterday
were as follows