New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-08
CLOSING PRICES OF PHILADELPHIA STOCKS.
THE BANK STATEMENT.

By the operation Of the New-York Sub-Ireas-
urv in the week ended last evening, which IN
cludcd the payment of 81 133.454 for purch"'cu
bonds and the receipt OF 81 100000 for exchange
on other Sub-Treasuries, the New-York banks IoS'
s2.435A7O cash. To-day's bank statement re-
ports the average cash of the week at sl,oo%'Voo
less than the average of the preceding week
Following our estimate Of a week ago, that the
figures of the statement OF that date closely ap-
proyimated the actual condition at the close OF
business Friday, November 90, ami allowing lor
the fact that the principal part of the Treasury
gain was made early in the week, to-dayS state
ment indicates that the interior movement oil cash
ex Treasury was in favor of this city 10 the eA-
tens Of nearly 100000, and that the STATE
mrnt is made on rising averages for the cash
The decline OF sl,073,200 in deposito IS
81 800. 600 less decrease thai the othe: changes
call for. This indicates that part Say
s2.OOO,O00 OF certified checks which were Locked
up during the preceding two weeks were deg0>-
tied The lean, were decreased sl,77l,9O0. The
statement results in a loss TO the surplus re-
serve. and leaves it at s703,l5o. against s"ZU'
so December .. 1888; S6,2Oi ZOO DccehiDer ~
.1SS7, and - Os0,jOO Dccembc: II, 1886.
The following the comparative statements Of NoveH
bcr 30 and December ::
Loan. s sss 90 90 1894 ssi leo Rse.si
lera tender. 80. 90 iS9 500 a5a 500 Dec s$9Soo
Circulation Circulate - 'O $500 4os51Oo Dec. 2soo
The following shows the relation between the total re-
aud the total deposits at the respective dates
f Issa tender. S % S9 geo geo & 2 500 Dee o
Total reserve 1902 200 800 200 Decs1 CSC 900
ag.st deposits 100 14Os5o 90 e47 O5O Dec. 10000
Surplus .... Al SOL $50 SOB $50 Dec. 81. 1ss 700
The Clearing House statement is as follows:
tO-IaV d balances,
S5.00Gls2. For the week: Exchanges, $500
300, 34O: balances. s33 655,29l.
The Tribune this morning exclusively printed
the statement OF the Big Four for six months to
end December 81, on which Yesterdays dcclara-
ton Of dividends was made. Neither OF the Wall
Street news agencies used it, although they re-
produced the monthly statement OF the New
Ork Central. which was printed in all the morn
ing papers. The Big Four statement. in that II
showed that, leaving out tie estimates for No
vember the net earnings for four months to
October 81 were 500 900 in excess of . y per
cent dividends on the preferred stock and | 1-2
per cent on the common stock for Sin months, was
the great railroad news Of the day. Early at
tention of one of the news agencies was directed
TO the statement: but there existed sinister in
fuence sufficient 70 prevent the agency reproduc-
ing the statement till after the close OF business
II is OF course. of no consequence, and we only
refer to the matter 10 illustrate how important
and unimportant information is suppressed or
made much OF during the Stock ENchange hours
according to orders.
WHAT WAS DONE IN S1OCkS
To-day's stock market simply a continua
zion of Yesterdays business. 1t opened generally
nj figures "A little higher than last evenings clos
ing prices and with ordinary fluctuations
worked into 2 higher level. The short
interest controlled the fluctuations. by their
purchases and rcsclline for effect. The hank
statement came out only few minutes before
the closing Lour, and its figures proved to he
which were unwarrantcd by the known move
ments aS printed in this mornings Tribune, and
led TO some sharp selling which is the cause OF
prices not closing at the best figures. We have
con planned, and do complain OF TN method OF
making up the bank statement on the system of
averages. But there ia nothing more absurd thin
the charge made that the publication OF the hank
statement ever is delayed because II Is " good or
bad The clerks at tn Clearing House are
as liable to make errors in their CON quotations as
are any others, and when an error Is made delay
is imperative But to-dRy's hank statement IN
view of the preceding two W elss manipulation
Of certified checks is not n bad one. II IS business
and railroad earnings which hereafter VIII contFo
prices ar the Stock Exchange and not bank stare
mcntr which AZ best are reflections OF conditions
past ard not conditions 10 come. They are the
effect and not the cause. And money all this
week has steadily worked easier.
THE DAY IN THE BOND MARKET.
At the usual hour Of opening bond offerings ~
tic Treasury the offers 20 sell were OF s4ol,oVV
per cents at 1877 and S69,i00 IL per cents M
! o. g. At the Stock Exchange 10000 regis
tered rer cents sold ut l2G. The nominal quo
t0tions are as follows:
Ask pid. ASK.