New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-05
CLOSING PRICES OF pHILADELpHIA STOCKS.
Friday, Oct. 4-p. m

Today A. Belmont q Co. took an adulIloh"l
s5oO 400 in cold from the Assay once lof en-
mort by to-morrows steamers. making Tue 'o'Hi
of the firms exports for the week sl'oo%'lo%' A.
also oficially announced that its order was ho"
fully executed and that il would ship no holc
cold at present. Incidentally. the firm conhriheu
the EXPLANATION of the movement whch WIS p"O-
Gshed Yesterday. and which we dld ho' peAo'o
Of oour,c. Belmont Il Co.'s word settles the queS-
tion although il in no way affects the plausIoil'9
NJ the story Belmont X Co. are not caIed upon
70 give explanations for any of their operations
Their business is to execute orders ana ScuIc 'o
commissions But inasmuch the export OF
GOLD at n certain loss of l 1-2a2 cents per pouhd
sterling had been the leading factor IN wall SrecC
for three days, we submit that an eNplahauoh' II
any WAS 70 be made should have been made on
Tuesday and not on Friday. The source through
which the alleged explanation was published yes
teroay. together with all the surrounding car
cumstances fully justified the unbellcf with which
il was generally received.
In connection with this cratic gold export an
ATTEMPT Yesterday was made to create the IN
prcssion that the Bank OF England WAS reduced
in its reserve to an unusual extent. There mas
been no movement at the Bank Of England that
is not usual TO it and all other financial centres
at this season of the year. We give the goid
holdings of the Bank Of England. the ratio OF It's
reserve and its rates for discount on yesterday
and one year ago:
Gold &1oso99s599II &l9''4$ a. 30
B Bsie 90, OF f discount per cent per
glance at the comparisons shows that the
changes in condition from year ago are lnsig-
nifcant. vet the ebullitiOn that yesterday en-
anated from the local bear" organ was the talk
of Wall Street and some thOughtless persons
reollv entertained the idea that the Bank of Eng.
land was on the verge Of bankruptcy because its
reserve this year had bee nreduced from mdsum-
mer. as it always has been and probably always
will be at this season. To-day the London mar.
llets responded to this " Young American idea
by a material advance in the price Of British
consos and an easement of money IN the open
market But the change in the London market
probably is entirely due to the saving Of the
Bank of England by American shipment OF 81 ,532,-
lO2 81 1t is the 81 cents that did the business.
WHAT WAS DONE IN STOCKS.
In today's stock market the unlisted department
was the feature. The trusts" Of which 10 one
except the insiders have any information, were
severely sold down at the opening Any sort OF
story about them is good, because no one can
contradict it, And yet the Stock Exchange con.
tinues to give opportunities 10 the insiders IN
trusts and 10 every one else who
chooses, to use the opportunity to max
ton No one outside of the governors any longer
think that the pipe is worth the match with which
to light it. or the total transactions of 4614DO
shares, the unlisted department furnished 19O,49Q
shares Cotton Oil at first was the feature. and
within five minutes after the opening of the board
some $4,000 were recorded al As LADS;
later sales were made as low as 40 -. with
a final closing at ~ 3-4, after transactions
as recorded in 10000 shares. Sugar next was
attacked. and from 81 down to SO l-2 and baci;
10 81. the recorded sales amounted to 5000
shares Lead was comparatively quiet with
sales OF 81 900 shares at % l-2a22a23.
That. under conditions such as are related
above and the attending false rumOrs of forced
Iiouidations, the whole stock market was not de-
moralzed and sent to the dogs, Simply furnishes
ono item more OF evidence that good stocks are
not lodged in brokers' offices. There was some
response to declines in the Trust stocks. but it
was small as il was forced, and the recovery be
fore the close developed the character Of the
Early selling Generally stocks closed higher
than last evening and strong at the figures.
THE DAY IN THE BOND MARKET
The Treasury to-day secured only 81 1900 bonds
at its price: S42SO0 per cents at ~, and
ga 500 IL per cents at lO5 81. vt the
Stock Exchange there were no transactions, ana
the nominal quotations are unchanged as follows: