New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-17
CLOSING PRICES OF BOSTON STOCKS.
Saturday, January 1872. m.

Following yesterdays advance, the stock mar
ket went toward a higher level to-day, with
net gains and the increase In transactions even
more pronounced. the two hours OF trading
reaching total sales Of 2O3.4 46 shares, against
DOB 304 in the full day yesterday Operators IN
stocks have apparently just begun to realize
the favorable underlying conditions in the bust
ness situation and the magnificent condition or
foreign trade and the activity shown among
spectators in the closing days OF the week has
attracted considerable outside buying in all de-
partments Of the security market The extreme
ease In the money market makes the situation
favorable for extended security operations, and
IN to-day's market there was more confidence
manifested by the people who were recently
very timid, on account Of the conservative views
on the Cuban question expressed by Senator
Sherman the next Seer, tary Of State. The ad-
vance in the stock market was he ralded as the
harbinger Of business activity. and doubtless
such will be the result If business men begin to
appreciate in earnest existing underlying and
fundamental conditions In the trade situation
The glut Of money at this centre was further
emphasized by the weekly bank statement pub
lished to-day, the increase in cash holdings
amounting to S1O.51S. 100. made up by gain Of
1928 300 in specie and gain of S9,JS9Soo In
legal tenders Deposits increased &3fS lOO
making the increase since the first week in
November S11S94S 100 while loans only in
creased $3.50 900, against a decrease Of SOB 100
last week The result Of all the changes was
an increase in surplus reserve OF SS1Sl0Io to
SO 172 525. against S32,34j.5 $50 in the CORE
snonding week last year and 81, 4G,. O15 in the
same time in 1895. Deposits in the associated
banks stand at $J57. $4,000 against S492 4o3 800
this week last year and 500 800 in the
same week the year before.
The only weak feature In the active list was
Wheeling and Lake Erie. which declined on
the appoint ment of receivers for the property
The troubles OF this road are due chiefly to the
low rates and decentralization prevailing In the
bituminous coal trade. and to the railing of IN
iron tonnage 1t is not considered likely that
tho company will default its interest pay
ments and 1t Is fortunate that It's physical con-
dtion Is excellent. large expenditures recently
having been made FOR bctterments and equip
ments The Improvement in stock values was
general extending 10 high and low priced
shares while transactions were well distributed
with the heaviest dealings in Sugar Refining
Burlington St Paul Rock Island Chicago Gas
Jouisville and Nashville and General Electric
The rapid advance in prices caused some foreign
speculative selling to-days operations Tor ior-
eign account being in line with those prevailing
for several days and due perhaps, to the un-
Willingness OF foreigners to recognize the actual
position OF affairs over mere Foreign selling
at this time must be put down to Ignorance OF
the situation here. for in London hnanclal CIR
Giles the possibility OF gold exports from New
York is actually being discussed. Net gains in
the principal stocks ran from i to above per
cent Burlington making the heaviest gain
among the railway stocks. and Sugar Refining
among the Industrials Money continued TO
rule easy, and the foreign excharge market
remained firm at unchanged quotations
Closing prices for last sales or the principal
octive stocks compared with the final figures
of yesterday, were as follows: