New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-06
DOWN GOES SILVER.
COMMERCIAL BARS AT ssh CENTS AN OoN|H
REACTION IN NEUTRALITY-SUSPICIOUS.
NARILY LARGE DEALINGS
IN STOCKS.

There was another bad fall In silver yesterday.
The quotation In London for commercial oars was
El,d an ounce, which made the New-iorh party
h5is cents although there were no TRANSACTIONS
here at this price In actual dealings In New Vi a
the prce was esq cents, which was decline OF y
cent from the day preceding. The quotation Tor
Government assay bars was 5S7s cents. which mace
the value Of the silver in United States stahuaro
silver dollar SH cents. Bullion dealers were pay
ing g2 cents Mexican dollars and 1913 Genus ior
Peruvian soles and CHILEAN pesos
There was a break in wheat yesterday whlch WAS
not unnatural after the rapid advance OF the pre-
ced,ng few days. Reactions are to be expected
from time to time. The low price Tor seP'e'"o.'
wheat (wheat deliverable in SEPTEMBER was GA
cents a bushel which was also the CLOSING p''ee
This price three cents below the cios'hs pr
the day before. There was net decline Oh 90
cents in December wheat There was faii OF o12
cents IN cash wheat" which closed at " cents
The drop in wheat due to sales TO take profits
This was also true of dealings at Liverpool
The dealings in stocks n the Newborn o,ocA
Exchange were heavier than on Wednesday "iii@"
was the heaviest day In many months Inc sa'e'
aggregated $4,000 shares. The sales OF oonds were
SOOOOoO par value. A large majority OF the s'ochs
on the active list showed gains for the Gay mere
was especial activity in the common STOCK Oh ','e
American Tobacco Company Cigarette lrusV' ,''e
sales OF which were 6o.0co shares. The hieh price
was % and the closing price was s2>.' which was
2 nonts above the closing price on Wednesday
There were large transactions In Lacieoe Gas
stock with a net advance Of ~ Consohoa'eo "as
fell points 10 l~ - ..
The head Of leading Stock Exchange mouse
said yesterday: we have never zone so 'ais
business In stocks and bonds We have Done mus
o. this ueek Orders have come from clients VINO
have not even been heard from for year or more.
In our market letter we have urged investment "a
money but business did not como TO US until ''ie
market itself advanced and continued s'ro"e'
ouired confidence and save for natural reacuoh9.
a. "a reasonably certain that the upward movement
in stocks will keep on for an ndennie National
The president OF one OF the ieadihg .> " os
hanks reports larger inquiry for call money as a
result Of continued activity IN me ssoCn
hs' us %asror az be sRs e Be on
scale but 'hr se fs Banks iner s, chcago y
Mnneapolis Louisville and other points are noa-
Ing or 81 casn and until the funds
accumulated hnd employment Gratis upon liant
some money has been shipped from New-York to
the middle West to move the rye SrO r;m. rercsn-
tile paper light but the paper aha shade better
nds ready market Rates are market shows
slight inclination TO stif1en owing 10 an have been
in the demand and ioIns 9r Ee h9Ve not been in
the .arket for some time are appedrihe DO ''
rowers. $500 ,..oros.s IN anthracite
coal properties said YESTERDAY IN nj me o,pS Of the
cny o sns as well have seemed to think ha
The most economical way 10 work ttei. i,1o -
20 dig ont more coal than the market Wouu IAN "a
10 store it in pockets and dumps and IN es a' 10
niles ~ ears or sidetracks-to let II De eApp ".
M weatber and 6eteriorate. so that II SOLO al q
discount as damaged coal After many ~ Seve got
such nerformances men of brains seem 10 nav 80
irto The management Of the great companies, nnst
are taking the common-sense view , oaHt i T. in the
mines only putting out what the maIkTi VII, t"n
~ fair price thereby avoiding rehanohs emma Nina
d. ddotariorotion The adherence by me CoI.Pa
NE IN good faith 10 the policy OF resulctUHn' ,b
shown by the diminished monthly o9,p1 LAC dei'S The
cnal COMPANIES are in position 10 max IA az
tiai profits when The demand Tor coa' eNp"''0' 80
4, MET baf fore long