New-York tribune., 1896-09-01
CLOSING PRICES OF BOSTON STOCKS.
Mcndly. August 31-p


The security market opened the week at
higher prices and throughout the day reflected
In its advancing tendency the improved condi-
tionS in the financial situation. From present
conditions it seems though there is no longer
cause for uncertainty in the financial COM
munity regarding the monetary situation. or the
outcome OF the political campaign, as the de-
velopments of the last week have been suffi-
cient to minimize the fears and doubts which
have been current the greater part of the sum-
mer. and to dispel gloomy forebodings to the
business outlook. Doubtless general business
vii not respond at once to the flow OF gold this
way and to the bettered condition OF the banks
but it will at no lat. date feel the beneficial
influence of the changes which are now taking
place in the monetary situation. and be in
promising form to enjoy the profits Of present
improvement after the election Of Mr.. McKin-
ley. The outlook warrants counting upon MI
McKinley's election. 1t is impossible TO esti-
mate the amount OF gold which VIII be I'M
ported in the next few months but from opin-
ions expressed to-day by bankers whose in
formation is of the best 1t would seem that
estimates already made were far too small, ard
that placing the amount at S4U.Ooo.OO0 would
not be too optimistic: indeed. there are some
who con fdently believe that WITH the election
Of Mckinley this country will see the largest
No applications made for Clearing House
loan certificates. and ii is not lkel! that any
will be made this season. the clearing HouSe
Loan Committee taking an indefinite adJourn- Jd-
ment to-day. The bank statement FOR last week
was much better than expected ana, Whlie INC
outflow of currency for crop movement pui-
poses is heavy ana will continue so 10, soie s.
to come. there is sufficient go.d IN slsh' 10 ol0V'
the interior currency drain. Banking hoG'eS
which are importing gold had additional orde,s ge
to-day making the known total engaged 10 date
- = n,lnn
actual amount is somewhat larger. as all en-
gagements have not been reported. II Is . no, .oo
broad view TO say that neariy eseIc l,cSr,;n1 he
house in the Street viii soon be importing 'ne
precious metal. 5, .x. ..,o,o,.
There was no material change In the none
market call loans ranging from 70 Pei ~.
until ius, bof,re The close when they ran up 10
10 per cent, the time monay ana coiIileiciai
paper markets remaining n. unchdnseu puota
tions A favorable incident OF the DAY was 'he
deposi- of $500 600 gold at the Suo-Ireasur! pS
the Bank of Montreal. in exchang- Tor ieed ten
ders and this amount. with deposis oi c,i In
ported gold made total deposits at the sud-
Treasury S30000W.
The general course of prices lot boilus anu
stocks showed Improvement. with net EA,iia III
the stock list Of from a TO per cen f 'I BUSINESS
80 per cent in bonds. The volume OF business
was better distributed and larger IMAM on onoiE. diE
day last week total sales amounting u -iolI'
shares The bears were lo,ceu ,s,. ~ uo onnoissio,
tensive covering. and besides TINS cohIhIssio,,
house orders we're ir the marker 10 ccnSi'
cradle extent the Gold-mportlng moVenleis i,o 90
mentioned before being the uoillll'S'. . n,,ht
ence while the expectation OF great hepupi-
can victory in the Vermont state elections .o-
morrow was factor Of no smaii cohsiueI 'lo',
orao,, horght Ct Paul and sold Louisville and
Nashville. but operations for the foreign ac
count were not large The Anthracite snaies nes
were strong. the recent advance III thS Pr pti
% a@.i ,,ain9r the particular influence among thls
croup of shares. Last dealings reiiecleo an a.
TEMPT at proit-taking sales on sudden adVanGe n,'
in can loans but the closing was steauY ,ho
siight concessions from the best prices OF aile
6aT Among the active stocks the chiel 90 az
Iances were made by American Tobacco; a,s
per cent; Sugar Refining ~ per ceno: spt Lake
IoI, ,I, nd Western preferred IL per cent; Man
cent Kansas and srd eXSs Wssefn pre
ia per cent susGuenaHnna r,sed ani states Leather
cesi1g prices for number Of active s,oSss
co,nnarcd with the final hSures OF 'a'u'oa'
"a