New-York tribune., 1896-06-23
CLOSING PRICES OF BOSTON STOCKS.
Monday. June % N

The stock market continues susceptible 10 war
scares. to-day's opening prices rejecting the
influence Of the bear traders efforts to dcpr'ss
prices on the begerent dispatches from Madrid
by way Of London. published in the morning
papers Values yielded at the start from IS to
II per cent from Saturdays closing. and in a
few stocks large losses We're made. Local soil
ing was confined 70 traders transactions. and
no long stock came on the market. There were
occasional rallies throughout the day, but the
general tendency was downward. last prices
showing net losses in the principal active stocks
Of from | to per cent. The excellent crop
ports from the West and the heavy increase in
the grain movement last week over the same
week in 1880 were passed by without effect upon
stocks ana just as many bear rumors as could
be manufactured were put out. including the
successor 10 the late ST. Louis Convention uncer-
tainty. the alleged uncertainty surrounding the
chances Of silver and gold at Chicago. Gold cX-
ports also affected trading sentiment. Regard
Ing the grain movement already mentioned, the
week ended Saturday showed decrease OF
$4,000 bushels In th- receipts at Chicago from
the preceding week but an Increase OF .J3I OOU
bushels over the corresponding week In 1879 and
an increase OF l35s 900 bushels over the same
week in 1891. Crop reports received to-day from
the Burlington and st. Paul territories were
favorable. and from the AtchsOn territory. a.
though the reports on wheat In Kansas were
less favorable than "A week ago, indica-
tons pointed toward a large crop. In Texas the
dTy weather has not yet affected, to any cX-
tent the cotton CROP
London prices lower to-day. There was
s me arDtrage house buying at the opening. as
prices here were lower than those quoted In
London. but subsequently, foreign buying was
changed into selling although more stock was
taken than sold Sugar Refining suffered Il net
loss oi more than Z per cent and the rest Of
the Industrials weak while the Granger
shares lost from Ia TO per cent. The general
railway list was down from u T. IA per cent,
with "A rev stocks showing even larger losses.
Hooking Valley preferred losing } per cent
small sales, Kansas and Texas preferred PA per
cent and Metropolitan Traction per cent.
Sugar Refining was apparently affected by
decline IN the price OF the refined product and
| by generalization in the foreign sugar markets.
The market was heavy at the close, and In most
shares at about the lowest prices Of the day.
Total sales in all issues amounted to 232. -
| shares. Gold 10 the amount Of $1JOOOo was
Withdrawn for export 10 Germany n special
transaction. and the bills offered against IT. with
few commercial bills. made up the days offer
| ngs. Germany has evidently not satisfied its
| demand for gold and until this has been
| cOmpehed gold will likely go from here as
this market Is the most available for getting the
| precious metal The exchange market does not
exhibit any material change and the outlook
to-day was against any exports this week In the
regular course Of exchange transactions. "
stineninR Of rates may be looked for. however.
on account Of the demand which vii. arise from
July interest payments for the foreign account,
but foreign banking houses hope to
siderable of this pressure removed by foreign
purchases Of securities in this market. The pro-
| fess.onal character Of to-days market led some
observers to decide that activity and higher
prices could not be hoped for until after the
| Chicago Convention. and that foreigners would
take sufficient stock in bear rumOrs regarding
tbr alleged power Of silver in the fall election
IN keen out OF the security market for the
rresent Doubtless there VIII De considerable
duipecs but the above conclusions appear rather
| hgstv and too gloomy for the present outlook
| which Is brighter than II has been for many
months one thing Is CERTAIN al least ana TINS
g. ,ha, tho financial community here cntertains
| no distrust or uneasincss over the future Of the
| currency.
Closing prices to-day OF hu'hoer OF actWe
| etcrkq comnare with Saturdays as follows: