New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-09
CLOSING PRICES OF PHILADELPHIA STOCKS
TREASURY PURCHASES.

Saturday, Dec S--p. n.
BY the operations Of the New-Yofls Sub-Trsasuyv
in the week ended last evening, which included
payments Of sl,37j,jIO for purchased bonds and
receipts Of $3.50, 900 for exchange on Western and
Southern Sub-Treasuries the baGIts lost sll3.53s
cash. To-day's bank statement Of averages shows
a loss of S4,02I 600 cash from tho average Of
the preceding week. a contraction Of S2,3lf,7Oo
loans and II decline OF only sI,j95,50O in de-
posits. while the other changes call for a de,
cline Of $4,000, 900 deposits The whole state.
ment is a better rejection of the actual condt
tons week ago than that OF the present.
date The actual cash holdings at the close o.
business yesterday unouesiionaby were consid-
erably in excess OF the average of this week The
statement results in u loss 10 the surplus reserve
of s2s72 725 and leaves it at S7,29A s75, against
500 600 December 10, 1887, and H,Oe0,5o0
December II, 1855.
The following the comparative statements Of Decss
Der 1 and December
Loans ..... ssol9 200 $3.50 90 800 Dec sasis7es
fsSsoi,;aisi' $3ss? SSS 9 Is:
The following shows relation between the total r.
serve and the total deposits tho respective dates:
Specie ........ &s25os 300 s7slis400 Dec. s4ftssco
Legaltenders... 295la,70o 29,si7. ooo in0' 42sSo
Total reserve sli2iI7OOO sios oo54OO Dec. s.o2iiOs
ag'st dep5sits 1o2oio45o 1ooso.575 Dec. 1.l4ss7s
Surplus. siOO70,55o s7,2o8s25 Dec. s2.s7272s
The Clearing House statement today was as
follows: EXCHANGES sllos ,oG3; Z balances.
s7Gi. 1904 balances, s37,02s,07s.
BEARS DID SUCCEED IN TURNING AROUND.
Tho Tribune this morning SAID something about
q stock market which too limited FOR the
leading professional operators TO turn IN; HAP
was written when the market seemingly had
closed strong in figures. H. was not lntmated
that the market still limited that pluck
and desperation on the part Of the bears could
not yet temporarily make the going quotations.
They did so to lay. The settlement OF the East-
ern trunk line war, which probably II a mora
positi settlem nt than ever DeIore was maze ,h
because il is done under pressure rem the
owners of the properties, would nave been an
immediate important factor III "a WIDE stock mar
kct: its effect m the present narrow market .
POSTPONED simply because those who are short
Of stocks me. with speculative resistance To
their efforts 10 make the immediate effect
The fact that London did not fully respond 10
yesterdays late home market gave encourage
nent to operators for a decline LONDON does
not now respond because next Tuesday VIII he
the sem-monthly settlement day IN Americans
the next settleml n will lie unusually heaVy ms
expectation has induced considerable re1iinns
there, and, as we are informed, mas iea 10 no nI'te
= Hing for the short account; bOth togeuhe!
amounting 70 30 much that the antlopauons OF
high rates. perhaps. may not be reah|ed IN our
market the rumorS OF anticipated 'roupe " max
ing settlements Of 81. Paul contracts IN London
fo-dav we're more common than yesterday, but
Every circulat0r OF them cautioned his nearer
/" AGAINST quoting him rs authority. No one.
however. venturcd to mention the name oi any
of the great representatives of American railways
in London a. the people likely 10 be affected.
Added to these diScouraging elements = was tho
of a bad bank statement, which re-
feet, conditions week old, and despite OF which
money market was the easiest Of any
Friday when loans must lie till Monday IN sew.
rial weeks. With some selling. but more ot
washing. prices for the whole list were marked
pf an average. say Of "a per cent from last
,ven.ng's figures, and the market closed az aoou'
he lowest prices of the day. Nevertheless the
losing strong.
WHAT WAS DONE n BONDS
The Government bond market was dull with
unchanged as follows