New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-28
CLOSING PRICES OF BOSTON STOCKS.
Boston. March 81. 1896
ON THE STOCK EXCHANGE.

Friday, March PIP. IT.
Conditions in the money and foreign exchange
markets were not materially changed to-day, but
the uncertainty connected with them was re-
fected in almost total lack OF business IN the
stock market. Exchange rates at present are
near the gold exporting point, and small snip
ments may be made next week. unless before
then money rates screwed up by cali from
the Treasury upon the depository banks for some
OF the money held on bond account. II exchange
rates are put down by tight money market
sentiment may be as unfavorably impressed as
il would by actual gold exports for the rates f)r
money at present especially for commercial
paper are by no means low. and II they are TO be
frightened by calling In the Government deposits
the banks will be left with little surplus. Last
weeks bank statement showed surplus reserve
Of s19 675. and this week 1t will doubtless DO
smaller. part OF the money turned over 10
the Treasury last week on the call for 70 per cent
Of the deposits did net show in Saturdays bank
statement The banks still hold something like
SIG 600 600 OF the bond deposits. any large with
dra walls at present would cause serious dcpie-
ton upon the reserves. While such a condition
would not last any length OF time. the erect upon
sentiment. especially in the mercantile commun-
ity, would be unpleasant. 1t would seem, IN
view Of the present condition OF the money mar
ket that gold exports would De preierapie 10
stringent money. The Treasury can STAND
the exchange market indicates that there Is no
short interest In It, and that the demand IN settle
ment OF international balances Is not unusually
heavy Europe sells more American stocks than
it buys. but there has been no heavy liquidation
in this quarter recently. II exchange advances
10 the specie point. and money rates tlshteh, tie
probabilities are that foreigners viii leave their
balances here. But even so. this VIII only De
for awhile and II the Treasury department con-
s!ders IL within It's province to govern the en-
change and money markets. 1t Is greatly al
fault Democratic fnanciering and legislation
have forced q vast amount OF gold out OF TINS
country, and any unnatural efforts on the part
OF the Treasury 10 prevent normal outward
movement Of the metal may be good politics but
poor fnancerng. 1t can only put off the ex-
ports not stop them
Weakness in the foreign markets. due in part
to mining share liquidation and to the unsettled
political outlook abroad added to the duiness
in this market. helped prices In the early
dealings 10 sag. There was no selling pressure.
however, and this has been the favorable factor
throughout the period OF dulHess. Tor there mas
been no indication at any time OF pressing
stocks for sales. Early losses In the railway
list were practically recovered IN the afternoon,
but the majority Of stocks closed al smai ne,
Ohio were conspicuous EXCEPTIONS the hrst-
named gaining nearly per cent on buying by
the tobacco manipulators, and the last hatnea
nearly 2 Der cent on q report that the stockhod-
ers would fight any attempt to levy en assess
meat on legal grounds. Baltimore ano ONO
stock however, will pay q voluntary assebs-
msnt The international shares were heavy
throughout the day. Louisville and Nashville
and St Paul showing the effect OF arpitrase
selling. The whole course OF the days market
shaved continuance OF the extreme guinness
which has prevailed for the last rev weeks weeks anu 10
had II not been for some active Duyihs Al
American Tobacco and Sugar Refining. there
would have been a mere shadow OF a market
In fact, in the railway department there were err,
~ transartions in Tobacco and Sugar. the
total number Of shares traded In was only
68,749. ..r y, ectiva stocks
Closing prices Of number OF acuVe ''o'""
S'o.o ,,rth ,,eeterday'g follows: