New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-01
CLOSING PRICES OF BOSTON STOCKS.
Tuesday. June 30-p. m.

Stocks recovered their equilibrium. ir the first
hours Of business tlhs morning, opening prices
showing gains over last nights closing OF J. to !
per cent and in few issues larger gains were
made Up to noon the recovery in the chief
active shares ranged from y to Ia per cent,
noteworthy improvement being made by Burling.
ton Jersey Central, Chicago Gas. ST. Paul.
Northwest Louisville and Nashville. Manhattan,
Sugar Refining and Southern Railway preferred
few exceptions to the general strength were
American Tobacco, Omaha. Delaware and Hud-
son. and LaceGe Gas, in which net losses Of
4G% per cent were registeredsin the first two
hours Of trading. although at the close most Of
them recovered. London was again buyer Of
stocks, and the London Stock Exchange the
American Department was the only to show
any activity. Foreigners are taking advantage
OF the timidity Of certain operators here and
the heavy foreign purchases made tho de-
clines OF last week and yesterday will give the
speculative buyers pretty turn at the expense
Of their Yankee brethren. Banking houses with
foreign connections report a confident feeling
abroad the sound-mOney situation and out
look here, and in the last few days investment
buying has been done on the belief of a sweep
ing success by the honest money party. Tho
effect Of Mr. McKinleys strong words on the
money question began to be felt upon the lo1l
market to-day, and yesterdays gloom and de.
spondency among traders seemed to have van
ished entirely. There was less activity than yes
terday and no material outside home buying: but
prices showed substantial gains In the majority
Of shares last quotations giving net gains in tho
principal active stocks Of from y tolls per cent
Sugar Refining was again the leader In point Ok
activity. with the Changers. Louisville and Nash
vile and American Tobacco following Total
transactions were 250S47 shares against 3S6,2J0
yesterday.
To-day ends the Governments fiscal year and
1t Is interesting tqsnote some OF the results in thu
year as compared with the off Ial estimates made
by Secretary Carlisle in his annual report for
1898. The receipts for the fiscal year ended to-
day were estimated at S3f5 O0O,0 900, exclusive Of
receipts from the postal service and the actual
ceipts according TO the preliminary Washington
Treasury statement to-day, were 1925 .02634O or
difference Of S199I3G6O from the official estl-
mate The estimated expenditures, exclusive Of
postal payments, were 1862 100000, which would
make estimated deficit for the year % ST.
O00OOO. The actual expenditures were SOL SIG.
$50, leaving actual deficit OF $26 100 $40. or
50. 79O.34O more than estimated by the Secretary.
The excess of expenditures over receipts in 1893
was S42.sO5,223. and in 1894 S09.so326l. and
these two items. with this years deficit make a
total deficit OF S39 39S S2f during the tAree years
Of Mr.. Cleveland's Administration. This Is tho
revenue record, and 70 II may be added the In
crease Of S2623loOOO in the interest bearing
debt which would make actual in ,rease il
public debt under Mr.. Cleveland OF S4Ol I13S2A
This may be carried little further, showing thai
the interest the increased debt in the time that
debt has to run will amount to S226 40 00O max.
ing an increase in the Democrats debt OF Stj2s,-
153.S24. Owing TO the last bond issue, the Treas
ury closes It's fiscal year with a much larger cash
balance than year ago. the present net cash bal
standing at S266 3f2. lbs. against Sl91.24O.-
153 on June 30. 1898. The operations Of the bond
syndicate at this time last year prevented fall
Ing gold reserve, which on June 80 was SlOl.-
512.362. against $lo2 OO2 to-day. In the sill.
yer and legal-tend, holdings the Treasury at
present shows marked increases over last year.
the silver balance June 30. 1895 standing at
$40 1854. 1913. against S3633l 90i to-day. and the
legal-tender balance at k3621G252 against Sl23.-
33O.352 to-day For the month ~ June the re-
ceipts from customs. internal revenue and miscel.
laneous sources So. 221 .o3f, and payments
S2o.O30OOO. making an excess of receipts OF Slol..
oh. The month was one OF the few in the last
three years TO show an excess OF receipts.
Closing prices to-day Of a number OF active
stocks compare with yesterdays as follows