New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-19
CLOSING PRICES OF PHILADELPHIA STOCKS.
WrAT WAS DONE IN STOCKS.

Monday, Nov. tsp m.
The stock market was active and irregular
to-day. At the same moment certain groups OF
stocks advanced with unusual spirit, and otncrS
declined without meeting energetic opposition III
spite of this cratic movement, however, the gen
eral tendency of prices was upward until the
middle of the afternoon, when the spectre OF ughU
money again stallSed upon the floor OF the EX-
change. The fright that it caused partly
overcome, for near the close prices rallied again.
although excessive rates for call money were
maintained TO the end. That the Secretary oil
the Treasury may contemplate a reduction IN
Governments deposits IN National banks may be
true. but that the contraction would be made IN
a Nay TO disturb the financial situation would
be contrary TO his well-xnown policy. Yet the
mere suggestion that he had asked the advice OF
a few bank officers was sufficient to excite APP
prehenson at the Exchange that the Whale forty
two millions ,l deposits were TO be Withdrawn
Immediately 1t was forgotten, apparently, tns1
the deposits scored by Government pohds, anu
that II withdrawal dt any time WouId reIeasc
the security IT. is by no means Impossible tnat
This may prove 20 be one OF the ends sought by
the Treasury. But in any event the extent Oh
the reduction could not be great, Tor the uoVerh
ment is obliged by the necessities OF business 10
keen large sums in depostary banks. There is
reason 10 believe that the sharp rise IN the rates
for demand loans was caused by artllcMl means
and not by actual fear of Treasury action
Union Pacific lee the upward movement OF
stocks and, after rising over l IL per cent 10
retained a half of the Improvement The adj
vance was accompanied with rise
of over 3 per cent in Denver, Texas and
Fort Worth certificates, of which : Ia per cent
was the net gain. The coal shares, as group,
were strong, although the hnal gains were not
more than small fractions. In the downward
movement Atchi,on was conspicuous by its ac-
tivitv and weakness. From It's highest point IT
fell nearly = but it's comparative loss was only
pcr cent ST. Paul yielded on reallzatlons, natural
aftor its recent advance, while the other Granger
| shares recorded insignificant changes in both
directions The Gould stocks dropped listlessly
throughout the day, and Western Union suffered
a los of . per cent In all these variations the
controlling influence next TO the furry in none y
seemed 10 be free selling for foreign account, which
| presumably was excited by the poll zeal troubles
! IN Rrayil The favorites of the London market
| wore messed for sale and, as rule, closed will
| substantial declines. The selling was offset to al
extent by the covering Of short conHacts and II
| exceptional instances, plNe Union racine, Dy
| buving for the long account
! Fresh liquidation in the trust shares WAS th,
| feature of the unlisted department. Cotton OF
certificates fell per cent to 20, hut rallied TO 30
| H. seems TO be uncertain whether the controlling
interests are unanimously in favor OF the prOpo 90
! conversion Of the trust into a corporation The
other trusts moved in sympathy, and all closed a
a decline Of l per cent or more,
THE DAY IN THE BOND MARKET.
The Treasury bought 500 of 4l.2 PEI
cents at % "a. and s233,000 per cents at 2 I
! total s3415O0 There were no sales at TN,
| Stock Exchange, and the asking prices of the
| nor cents were lowered slightly The CLOSING
! nrices were nominal as follows: