New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-30
cIoeTNc pR1cFs OF rHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.

The near approach to the end Of the month
affords one more opportunity for few days
manipulation of money rates on that small part OF
the total borrowing and lending which is done NJ
the Stock Exchange. Although the lst OF Novem-
her is not an important dividend or interest day.
there is more or less of it paid then, ana the preP
ALTON for that little offered an excuse Tor an appear
10 sentiment. SO to-day there evidently was
concerted movement on the part of a few lenders
n obtain higher rates for, their money over inc
first of the month. There was conslderaole
calling in of loans early in the day, much 10 lho
surprise Of borrowers and this in itself created an
unoes,, feeling. But in almost every instance the
NANCY called was found in the Exchange at later
hour, only at higher rate. In the case Oh one
National bank which called per cent money ana
held il for 10 per cent for new loans failure
WAS recorded: il did not succeed IN pacing much
more than one-quarter Of the sum 1t had caileu
in. We wrote last Sunday evening that the none
tarv conditions were not yet beyond the power Oh
MANIPULATION. but daily that power is becoming
more limited. -
The davis stool, speculation revealed no new
features. As before written there Is h''io "
snocuIotive stock market, and of that little
90 per cent is enlisted on the SIDE OF oepie-
c;otion in Y, lues The absolute absence of stocks
held by spectators, which is the strong feature
- tho market gives TO the bears the temporary
power to make market prices-the possloli'S rE Ta
twisting the rope for the!t own hAHsinS. ~
market speculatiVcy, IS so mario" uh"u "
roilrood earnings alliances between large anu
imIortant railroads OIL traffic agreements anu
tle slow working out oil the pfoplem NIi0n 20
eliminating speculative MANI geh.cnCS on" nf ham,
srituting business principles, instead OF DeIls
bull" cards, which they would De il aS VI
old there we've speculative bull chqueS III tal;.
market, are Ievamped into bear points 10 sho"
>. ,f
The bull Spectators of to-day ana OF the laSJ
year are the rich investors VINO, purchasing STOCKS
and paying for them, take them out OF wan
Street and propose TO control the properties ana
conduct the business of railroadng on business
and not speculative principles. Speculation IS
dead in Wall Street, and what there Is left OF
it is on the bear side. taking tIe good STOCKS
the entire dealings are covered by trades tG
deliver and 10 receive. The best existing specu-
lative bulls in the market are the bears when
they endcavor t. recoup their contracts, and
every time they attempt TO do it they
have marked a higher range ov values.
To-day with some covering of shorts in Sugar
certificates a raid was made on Cotton on put
the whole unlisted department. including that
choice pet Phoenix Mining, is being severely
left alone by all conservative persons The ma
iority Of the members Of the Stock Exchange are
ashamed of il; but agree that after having given
market to the insiders Of securities which make
no report, il now would be wicked 10 deprive
the loaded public of an equal market, in which TO
buy and sell. The fluctuations IN the unlisted
daily grow less and less.
In the general market the bear attacks OF
the day were directed principally against the
coal stocks. So They have got no business and
will have none through $780, was the burden of
the days song. The facts that the late trade
is so lively that not one OF the great companies
has cars with which 10 meet the late heavy de-
mand The capacity of output is 1000, 900
TONS while the consumption is only $4,000
600 tons" they tell us. The capacity easily
could be made co. 900 900 tons. But the idea
conveyed is that because the extra 1000 600 tons
is not taken out of the earth and Sold il is
rotting and will be loss 10 the companies
The general market was quiet, despite efforts TO
mark lower values. With only "A moderate buy
ing il stood firm and made some important ad-
vances. which are fully shown in our General
List" The market closed dull and strong
Below are printed the statements gross and
net, of the Canada Pacific and Northern Pacific
Companies. The Northern PacifcS earnings for
the three months Of its new year, beginning
July /, are ST. $500 in excess Of it's first
charges, or equal TO nearly per cent on its pre-,
ferred stock.
THE DAY IN THE BOND MARKET.
The Treasury purchased 81 $1,000 bonds per
cents. s176500 at 127, and LES, So 200 at
IO5 ga. At the Stock Exchange there was no
business in Government bonds, and the nominal
quotations are as follows: