New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-12
CLOSING PRICES OF BOSTON STOCKS.
Friday September lip. m.

Prices on the Stock Exchange to-day reNecteu
in their advancing tendency the ERECT OF 'he
gold importing movement upon local ana 1oreish
operators When the Bank Of England ad-
vanced its discount rate yesterday weakness loi-
lowed in the stock market. as 1t was thOusht
that gold imports might be checked by the
SITTER discount rate in London but to-day fur
thor weak ness in long sterling exchange and re-
norts that at least f6.000.0O0 would he with
drawn from the Bank Of England for Shipment
here caused a reaction in sentiment prices au-
vancing on both a local and foreign demand
AZ q result Of the advance in the London dis
count rates there has been considerable selling
- cnnsols and other gilt-edged securities on the
London Stock Exchange, due presumably 10 lear
~ q tight money market and with the Idea OF
withdrawing capital from English securities TOT
reinvestment over here. In speculative circles
on the London Exchange the recent develop
lnents in the monetary situation there have not
been Altogether pleasing. as the advance in dis
count rates will doubtless check the undue ad-
vance in English security values. and IT may
force liquidation Of an unpleasant character.
The Bank Of England. il is reported, VIII ad-
vance its discount rate to 3 per cent. but even
at that rate II does not seem probable that the
effect will be felt TO any extent on the movement
of gold this way. If the gold imports were not
the result Of legitimate trade conditions. an ad-
vance in London money rates might prove an
effective check 10 an outflow Of gold from that
centre but the gold imports are the result OF in
ternational trade sentiments. and under such
conditions it is improbable that the Inducements
offered in London for the return Of capital will
he sufficient TO offset English trade indebted
ness.
About 100000 imported gold was turned
into the Sub-Treasury and assay Office to-day Of
which the greater amount was In exchange for
legal tenders. and the reports Of total gold ar
rivals since the beginning Of the present move
rne Mt showed a total Of S23.1I2,OJO. The bank
statement 10 be issued tomorrow VIII probably
not reflect the receipts Of gold to-day, but the
showing which will be made is expected 10 be
favorable and such anticipation was another en-
couraging factor in the days trading in stocks
Besides this, the order OF the court IN Augusta
Ca ,compelling the Southern Freights Assoca-
ton and the Seaboard Air Line 10 restore rates
recently cut added to the bullish sentiment. The
rate war in the South by this order Is practically
ended and for the present at least the full nor
nal tariff all portions of the lines In the JuTs,
diction Of the Southern District or Georgia VIII
be restored The order Of the court recited the |
violation Of that clause Of the Interstate Com
rnerce law which prohibits discrimination in favor
Of one locality against another. The shares OF
the Southern roads were helped by this order /
Southern Railway gaining 1l2 per cent. The /
Granger shares were strong. the heavy gram |
movement in the Northwest assisting them. and /
throughout the list prices we're higher. the close
showing net gains In the active shares Of from /
/ TO . per cent and above Delaware Lacka- /,
wanna and Western was a strong feature at a |
net gain OF 6%. per cent.
Noteworthy net gains were made by Sugar Re /
nning. IL per cent; Chicago Gas, lle per cent; |
Rock Island, lie per cent, Burlington Us per /
cent: s. Paul 1ls per cent. and Louisville and /
Nashville "a per cent. The volume Of business !
was large. total sales amounting 10 1880 /
shares.
Closing prices for number Of active stocks ,
with the final figures OF yesterday were /
as follows: