New-York tribune., 1886-08-13
CLOSING PRICES OF CALIFORNIA SToOKS
SAN FRANCISCO, Aug IL, 1885
Yesterday. To-day.
,LosrYG PRICES OF LADELPHl4 srO0Kx

THURSDAY, Aug 12-P NJ
In Mondays issue OF TIE TRIBUNE showed that
the fund deposited WI the United States Treasurer Tor
the redemption of National bank had increased
S53, l033i November 80 1885. to S7l 5SS'5o
July 81, lss6-an increase OF Sls375 AGA In that
period the OF bonds which. by virtue
OF calls. matured was S54, 100000 During the same
time deposits of bonds to National baAk note
circulation reduced from 1907,
sOO-a reduction OF S33 50 l5o-whch shows that the
result OF the bond calls a retirement oil bank
circulation the extent of Of the amount
OF the bonds called The Treas9fer in the mean
time has paid and retired only Sl06So.2Jl OF
bank note circulation hence the $1s37Sl6i increase
of held for that purpose. All this only goes to
show that under existing circumstances and laws calls
for the payment of per bonds not important
factors in the monetary situation OF the S14O0l LOO
Of per cents July 81, 1856, the sum of
$lOi 450 held In the Treasury 10 secure bank
note circulation. The call for $i0O0OOO which ma
,ured August hardly affected the Treasurys outside
payments nearly the whole OF It simply transfer
the general account to the trust account And so
1t will he with future calls maturing from threehhs
10 four.dfths Of the amount called will remen In the
Treasury waiting the slow liquidation OF bank notes
which received only In the regular course OF business
To-iay's stock market not different from those
which been recorded in the early periods OF
monetary pressure Prces irregular and hnctu-
ating certain limits. and 1t the generally ex-
pressed opinion that considering the condition of the
money market. tho stock market strong. THIS Is
only the repetition OF TWENTY-FIVE years experience
The prices and there few stocks press
ing for sale II about middle Of August 1878.
the writer otcruC ri couNrrsatl0n brlWceh i"V
members OF the Exchange. One Ol thtm was ~ pro
nOuucel hear that time IN his unden0ustrhlNe
WAY wa, snort "a larger line Of stocks than no wOud
liked to have been known. Tue other was hu'I
trader he thOuIht ne 81"
in the daily operations After some preliminary re-
marks the ball siid "Mcl Harry, don. you Sc" there
are no stocks for salel" The answer was prompt
.'Y.- see hat but further that the reason none
are Tor sale that ther Is no dem nd Tor any. Inc
stocks are cquci the market Is fictitious ana ni
that - rrmrd icd there will he demand. what lO-
lowed IN the next thirty days OF course party que
To oVrrra tng undue expansion IN all dcpitthe"'s
OF trade general conditions now exist bnt ~
the stock Exchange the are very nearly phi"lc
What il needed for of nil hut few - re-
distribution OF socks that traders either on the
Oug short account. might deal with some confluence
IN their own Judgment o. causr~ and ELECTS, II
we are TO believe what We hear Lon
don today large buyer
of stock vet 10 Was supposed representatives, 81
foreign accounts to-day wr" the most eager "'h"'N
OF almost ail mda Of stock AMI pr cent. ON tue
cavng OF money Late ~ the dan report oi "iu can
for 10 OOO 900 aud q Tuuor that SG.OOOOuO h'd becn
wlrnIr wa from rne Bank OF Fngland for shipment I"
New York. prices sharp rally and closed irregular
is as compared criays last prices Ihe in"Iho'
was feVeri~b az the end. .,
sac hnnd- wcrc duil and withou' feature sou'h
Carolina g. non. fund ihlc sold AT G 2i or city bank
stocks Republic q ~ ~ i@6, Gci auAm american Cu)
LOG Park lSJl "a lo3 lol = 'ht ScVchlh warn W
a IO7. 49,,
Government bonds were dun ana easy with the bids
l. per cent lower JOr tho s ana ilo AhheNcl are thn
ClUsne quOi atoms: