New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-18
CLOSINn PRTCES or CALIFORNIA STOGR&
san FRANCISCO, Nov l., 1887.
CLOSING TRICES or PHiLA DELPHf4 STOCKS
Ec0orfed by JDnV H. DtVI, O.. ~ WdiLI.

TUt,pN, NOV. III. VI.
Professionals say that the present speculation 10
stocks and bonds Il a craze. Perhsp II Is but It Is no
os. substantial therefore, and IL la" tho support ot
larger outside domestic and foreign buying than has boon
Witnessed In great many years There no doubt that
the operations Of the last ten days have resulted IN
widc-prcad distribution Of STOCKS, now that the pro-
fo-sonal dealers. including some large BANKERS.
have made such heavy roali1atons OF Iroht7
that they think tho OF the market should pond
to their heavy sales OF securities. Having IN midaum
ncr by their own purchase started the appreciation Of
value. which since has occurred the professionals are
sorcly disappointed to discover That prices do not r."
spond TO their large sales aud deliveries o ccrhcaes
Tn TRIBUNE has III -ectet attention to the variA-
tons in loans the prouu banks IS they arc shown
ia the weekly bank statements. For tho three last
weeks the banks which particularly conspicuous for
tho crpanson of loans carly In August hnNo been
almost as conspicuous for gradual contraction while
larger number of banks hAy" taken mp L." expansion
In moderate anouni Fog ir'tnucc, the Bank OF New
York expanded loans from AUGUST Co september i
from @7.sl5.OnO 10 sl5.l35.ooO. an expansion 81
s7.3.o.0oo; on November II the Rank OF Now-hork
loans had uccn reduced nearly 5000. 900 e. Tloi-j
OOp but since September c the aggregate "nn- oi al
the bank, have Increased from eS-",'oO''" 90
70 sJiioOpOOO on NoycIb.r /; since the
last named date there has boon y contraction
OF about sLooJ.oo1 owing entirely to the liquidation
OF mercantile notes This example clearly illustrates
the mark and little 1 "h"m II purchases the
scruttic. 80 lon- =. % obtain. them Much to tho dis
. ~ the professionals, the prescott condition." have
left Them I'm the same situation asa Ny upon lor"mo-
tiyc's wheel; II Is the steam which carries the whole
train along and the fly lacks tho qualify Of an
automatic brake 1Odays operations In stocks. which
amounted 10 81 gt2 shares small cuisines, compared
with the Two preceding diys. developed nothing more
t,a has been noted ga the recent fdutIrtlpnt there
voa more or irrcgulary observed IN the din' rent
movements: some dbpo-itiUu to hammer prices Whcte
v,lk ,pots were tuuu-ht 70 De uncovered ana yet
there 3. hardly u which did not close at hgurr'
Ter than a- evening prices OF the active @iock-
The following conspicuous Tot the gains recorded
81 Paul y, Missouri, Kansas and Texas ana
linton Pacific. each s Lake shore anu mcPhia
ud E,adIuy. each ] Omaha common, l'Si Loll"Nll'
aud \ shyllo and Missouri Pacific. each - Ptcnc
Mail ia; Northwestern and Delaware Lacks wanna ana
Western, each ~ Richmond and west Point. >; New
York ana New England. 2lt Northern Pacinc common
DO Northern Pacnc preferred AMI oregon Irnn'"ont
nrn A. each N; OREGON Railway ana Navigation ana
Denver and RIO Gr.,Dde 81 per cent Tho 1i-rihit"n
nj the da- bu-incs, IL IN our general lst ana
require. no further explanation. Tho market closcd
quiet and strong. 49,, -, 90,
Government bonds quiet hut n'm with The bids
for the - up L per cent Annexed arc the closing quo
tbtiUnH: