New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-12
JLOsING PRICES OF CALIFORNIA STOCKS.
OCT 1
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Friday, Oct. lip. m.
The long list Of railroad earnings which
printed below furnish a curious comment on the
condition OF to-days stock market Out of the
twenty-four companies which have reported for
the first week in October. twenty lone companies
have returned not only gains but large gains on
the corresponding week of Sss But, as before
has been remarked, the earnings are reported only
once week or once a month while the bureau
of misnformation sends out its bulletins of what is
to happen every five minutes, day and night.
The wreckers of values, including a Chicago OPP
orator, who, with less cause for being so than
now exists, two weeks ago was a lOud-m0uthed
" bull" to-day continued their operations with
confidence born either of a knowledge denied to
smaller lights. or of the desperation OF reduced
rank accounts. Missouri Pacific was the prin-
cpal point of attack. From its opening at IL l-2
it rapidly sold down to 6S "a. Stimuli
taneously rumor that has no father obtained
circulation. that the company was going to issue
S. 900, 900 of bonds. OF course it was accepted
as a foregOne conclusion, If the rumOr had any
foundation in fact, that the bonds to he issued
were for no value to b. received by the company.
The same set of spectators jumped on Cotton
Oil down to Al 1-2 and Sugar down per
cent to 81 Rock Island came in for a further
attack and sold off to SO 7-S The whole general
market was more or less affected by these par
ticular and special raids, to the extent that buy
ers were deferred from giving their orders and
waited to see the results. Yet in a limited stock
market as the present one is and with all the
speculative force enlisted on the bear side, as
il now is, the general market afforded little com
fort 70 the raiders" Prices declined on neglect
and quickly rallied in response to any buying
orders. That the bears and the late pro-
81 n
their friends in the back and Joined with the
Great New-iorl< bear and with the eccentric
Boston OPERATOR who fanceS he makes ana I'M
makes the price of New-lork and New-England
all feel and realize their desperate situation taelr
forced operations in to-day market tuly eNeal 10
the passer-by. That they are bright and alert goes
without saying. They must have had early
information that the weekly report OF Atchlsoh
would show large gains, because that STOCK
was left out Of the days manipulation They
deal in mysteries and not IN TACT exactly the
same as about year ago they dealt In the re
peated story that the ERE was apouC 10 lSsuc
q q 600 OOO of new bonds, till we got from the
Erie mana cement positive and authoritative de-
Since that time nothing more has been heard
of bond issue by the Erie Company, alInougn
Urc~iousy il had been printed all over the United
States on the authority OF one OF wan street 5
nos bureaus Yet despite all this hard work
and the appeals to fears little or no real stock Is
and the appeals to fears, Htte or no STOCK Is
dsIodgpd from real holders because the certncates
are held away from the influences OF wal street
manipulators Spectators in "a small market buy
and sell each others contracts at profits or losses
But the day is not far distant, unless al com ON
mercial signs fail, when the orlglnat0rs OF 'he
nnntrncts will have to look to real holders oil
Certificates to let them out at much higher figures
With all the fluctuations of the day the recorded "a
%nros OF which Missouri Pacific New-England
and AtcTison formed l3s, 900. The market gen
orally closed dull and steady at prices faction
lower than last night.
TIE DAY IN THE BOND MARhhl'
The Treasury to-day purchased ga ,ooo bonus .
per cents at % "a There was no business done
IN Governments at the Stock Exchange Inc
quotations for the 1-2s were low ana Other"'se
,incbnnoed as follows: