New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-22
CLOSING PRICES OF BOSTON STOCKS.


Estimates being made Of the probable results
OF the Presidential election have an invigorating
effect upon speculative sentiment. es they point
TO an overwhelming defeat Of the unsounl-money
advocates. The stock market reflected in higher
prices to-day the estimates Of General Grosvenor
on the probable distribution Of the electoral vote
In November and besides his encouraging hgur
ing a better understanding Of Saturdays bank
statement and further engagements Of gold for
import-S1 900 0OO-helped values toward high
er level. There was not large volume OF bust
ness. Offerings particularly those by g minis
sion houses, were light and total transactions
amounted to only 1869 shares. OF which Bur
lngton. St. Paul. Sugar Refining, Louisville and
Nashville Manhattan and Reading supplied the
greater part There was a somewhat better dis
tribution of business. however and the buying in
some cases was from better sources than in sew
eral weeks. The bear element made effort 10
fight the advance but without any pronounced
success after every recession prices moving tow
ard higher level United States Leather, Man
haitian Western Union. Chicago Gas, Rock ISL
and Missouri Pacific. New-Y York Central and
Reading were conspicuously strong at net gains
Of / to 2l4 per cent Railway earnings received
to-day were not favorable. but the railway shares
were strong without exception. among active
stocks The close was strong and near the best
prices Of the day. Government ana railway
bonds shared in the upward movement.
Sterling exchange was inclined TO weakness
demand sterling ruling ct 81 S3& gN ~, with
a fair supply Of bills IN the market ana eN-
trem me dulness prevailing. Present conditions
in the foreign exchange market point toward
continuance Of the gold importing movement
Further engag cments Of gold We're MADE at me
Bank Of England to-day for shipment 70 TINS
country and IL is expected that the engage
ments at the Bank of France will be increased
so that the amount which will come 10 thls
country this week and new engagements may
amount TO SSO000J0 OF the amount airehdy
rece ived-aDout $2S,0OO,OOO-the banks OF 'hls
city in their weekly statement only snow apout
S4 600 600 and the cash increases nave Dt'h
only about 81 COO0 00-the gain III specie pelhs
offset by q loss in legal tenders-put the HioFr
rncnt Of money to interior points mas peeh ialte
and the movement of currency TO the South
and West in the last month accounts fOr the SLOW
Increase in the associated bank holdings IN race
OF heavy imports Of gold. Before long there VIII
he a return flow OF currency from the lh'ei loI'
and inasrnuch as the surplus reserve OF the
banks in the Clearing House AssoCla'oh
o,.rmn,s ~ more than $1,000 600, there is no
reason for any disappointment over the pIeStnS
monetary situation. Bankers are satished WIN
Tho showing People who are worrying about
tn. DISAPPEARANCE Of the imported Solu may -
assured that il is doing excellent serve ~
various parts Of the country, ana they sHvu'u
examine the daily Treasury stateineht, Wi IL,
shows that the Treasury for the ilfs' uilo -,
number of years is having It's gold reserve Du'''
up IN a natural way. -. .,..o ..ocl,s
Closing prices for number OF aC''Ee . ~,
compared with the final hgure3 o. "d'u''"'
were as follows