New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-19
CLOSING PRICES OF PHILADELPHIA STOCKS
FOUR YEARS EXPANSION.
Thursday, July Tsp. m.


The value of the principal articles exported
from the United States in the last month of June
was only $4,000 less than in June, 1885, instead
of $4,000, 900 less as was incorrectly printed
here this morning
At the dates Of statements nearest to July l,
1885, the banks of New-YorIS, Philadelphia and
Boston held in legal money the sum of Sl9o, $780,
500. At the corresponding dates of this year they
held $3.50, $685. Coca decrease OF S3S, 96O 900. On
July /, 1885, the United States Treasury held of
gold, silver dollars and bullion and legal-tender
notes, in excess of outstanding certificates, the
sum Of S203, 682, 1926, against S2j0,2e1,31S, on
July l, 1SS0-an increase Of s46,593,050. Hence
the aggregate net cash holdings of the United
States Treasury and of the banks of New-York.
Philadelphia AMI Boston at about July l. this
year were ST, 63S,150 greater than at about July
/, 1885. In the four years the expansion in
legal money has amounted to S207, 000 In
this calculation S15,000,00O of gold per annum is
allowed for the consumption by the arts-a very
large estimate. The expansion is made up
follows:
-Four years coinage OF standard silver dollars
Co coo c6 DC onn1m cs con
suptcn bT arts Si5 600 COO Der annum 60 600 ooo
Gold imports IN excess OF eNports--..---.. 100000
no T0.s os eHp1 G9 ( Treasury c;, los;
y. Y, Phia- and Boston Ganks........... 7,GSs15o
Balance %. .slo9 3jf $50
This net expansion Of four years of nearly
$500 600 of legal money is distributed
throughout the country away from Eastern tinan-
cal centres. This is the basis of the belief in
the National prosperity and the reason why the
Eastern money market will be less disturbed by
demands for crop movements than II ever before
has been. In 1855, with S207000,000 less
money in the country than there is now, the
banks of Newly orlI were carrying a total cash re-
serve of nearly Sl6 0,00O;00O, against S117,-
OOO 900 now The difference reflects the CHANGED
1t,fit Of 1ofit ipolti
mate business is still on hard pan. The boom
ing period has not yet arrived. 1t Will come rs
certainly as did that of 1880 and S81. And
then perhaps, the croallers of to-day will be
among the most sangune Of Optimsts
WHAT WAS DONE IN STOCKS.
In to-day's stock market the bears held full
sway for the greater part of the day. in the nm
ing of values. There was not much more market
for stocks than there was at Castle Garden. And
the shouting was of one accord: You can't
sell anything On this prices were marked oil
with little difficulty. In Oregon TranscOntinentll
and Richmond and We t Point it was discovered
that there orders, 50 both of these stocks,
with few or no Transactions p were marked of
4 per cent. Atchison was among the active, but
was a special target, and declined to 36 3-4. Bnt
before the close the sellers struck u snag of buy
ing that turned the tide Of prices, and early
sellers began to climb for their contracts, SO that
the final changes are only small fractions lower
than last evenings figures. After the rally
well under way there. came a report that the
Darlington and Quincy had purchased the BurlinQ-
ton and Northern stock. We are not
sure that this report is not prema-
turc, but that it is to come
is not questionable, and it may come at a moments
notice because the individual owners of the
controlling interest in Burlington and Northern
are one and the same in the control of Burlington
and Quincy direction. 1t is the old, old story
Of year. The entire speculative interest is
directed toward a lower range OF values, while
the LARGE holders Of stocks are Indifferent to the
fluctuations. The game has been pushed for
twelve months and yet with few exceptional
instances. prices are higher than year ago.
The mucli-abused Trust stocks to-day were
more steady tLan the general list Of listed stocks
The short" interest in them is on the increase,
and waits its day Of settlement with apparent
satisfaction. Sugar again sold of 10 0S,
and closed at 90 Ia. Cotton OH was compare
lively stcndy above 53 5-s and closed at "a Is,
and National Lead. after decline to % 3-s, closed
at 81 10
The general market closed strong
THE DAY IN TIE BOND MARKET.
Government bonds were DUH. with the sales
made principally NJ the bidding figures. An
nexed are the closing quotations: