New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-15
CLOSING PRICES OF BOSTON STOCKS
Monday. September 14-p.

Monday September l4-p. m.
The favorable result Of the recent state cleo
ton in Vermont led to the conclusion in wall
Street that Maine would do likewise. and the high
er range Of values last week was due in part to
expectation Of such a result at to-day's election
Pending the outcome Of to-day's vote the stock
market was dull and featureless with tendency
toward reaction Possibly traders who went short
Of stocks to-day did so on the theory that the
Street had made estimates of the Republican
ma iority which were entirely too optimistic and
that actual results while showing a great, sound
money victory. would fail below expectations
and cause decline in values tomorrow. Al any
rate they believed that the Maine victory had
been discounted and shaped their TRANSACTIONS
10 meet a reaction. Besides such considerations
a frner tone in sterling exchange slightly higher
money rates here and reports Of an unsettled
feeling abroad gave the bear element an oppor-
tunity 10 renew its operations in the market
Sterling exchange was 1-32 TO 1-l6 per cent
higher and the open market discount rate IN
London was advanced. while the general belief
in London financial circles was that the Bank
Of England would make a further advance in
its rate on Thursday. The fact that an expected
large withdrawal OF gold from the Bank Of Eng
land to-day for export was not made was con
strued in some quarters an indication of the
cessation of the gold importing movement Tor
the present, but the majority OF we-informed
bankers did not entertain this view. Probably
large shipments will be made from Paris this
week
Higher money rates in London caused cOnsd
cradle uneas iness there to-day over the regular
fortnghtly settlement, which began this morn
ing. and there some nervousness regarding
political affairs in the East. but toward the close
Of business more confidence was felt in the
situation. consOls closing higher, although
the market for American shares was lower. fol
lowing the decline here. At the opening London
prices for American stocks We're above parity,
and quite an amount OF buying was done in this
market by arbitrage houses The silver market
was again weaker. sales Of bullion certificates
being made on the Stock Exchange as low as
G4a, 114c below the last recorded lowest price Of
the year and Jl4c. below the highest rice Of the
year The last sale to-day was at recovery 10
6Ji9. In London bar silver was down TO BOD,
and the commercial price in this market was
6434c Final changes in stocks We're generally
fractional, exceptions among the active shares
being in American Tobacco. which lost rs per
cent; Lake Erie and Western preferred. / per
cent and Susquehanna and Western preferred,
] per cent Northwest was up y per cent; Rock
Island was unchanged. and St. Paul and Bur
lington made fractional losses. There was no
outside interest in the market, and total trans
actions were only 124. 462 shares, Of which Sugar
Refining. Burlington st. Paul and Manhattan
furnished One-half
Closing prices for a number Of active Stocks
compared with the final figures Of Saturday were
as follows: