New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-20
CLOSING PRICES OF PHILADELPHIA STOCKS
Wednesday, June la-p. nj.

wednesday, June Twp III
The stock speculation this morning opened tame
and uninteresting. The feature was dulncsN. THIS
was an announcement to the bears and they
began feeling the market, at first selling rather
t,mdly, and later, on finding no important orders,
with more freedom and pcater bodneSs. Chi
cago piled on the agony about the railway situa-
tion at the West, and freely supplied the Street
with its interfcrences and Its it-isstatcds' IN
stead OF news or ats. Here Is one OF them &:
Chicago special-lt is now stated That some OF
ST Paurs new bonds will be sold Immediately
and the proceeds used TO double track portions OF
the road for improvements ana TO take up h"''t-
ING Indebtedness II is stated that from ten TO
fifteen millions will be required for this purpose
Why the narrator should Lave stopped at ten TO
fifteen millions as the amount required may be
GET down to extreme mCGcSty. 1t must be IA
source of qualification to the stockhOlGers OF the
company 10 learn that its u%:hc Is so large dS 10
require the double tracking OF portion OF It's
road When the New-lork Contra! issued lts
: per cent consols for the purpose Of laying TWO
extra tracks on portion OF lis road, II oooMeo 'he
stock.
Later came reports that 1t was rumoron
,h., the Chicago and Rock Island
Cnn,,a,v had gwen notice of Withdrawal
from the Interstate Railroad Association. and later
dome the same These were the principal Items
,hicb today W. shot at the market II, how
o,,e- il questionable if they had any cilc1l on
Zines Probably the same expenditure OF snort
L.. IN a dull market, without the clfCuIhlIol ol
false rumors. would have nceh .S eNe''''e Al
making such reactions rs there WEI, o. issuod
Tn Union Pacific Company on Mhy - lhSuct
u statement for the month OF April, SHOWING a
loss 10 its net earnings OF s32a,o'i rs cpihiic c
nyth Anil 1888. On that shtemenE wv pr
az the stock declined 70 81 10 lo-'"S ulh'
aunany issued another statement for the same
mouth which includes the figures OF the previous
statcment and Of branch lines, showing loss W
the net earnings Of S3I6O3O, or S2%,oWnD1 n'" mn
loss than shown by statement or May <" WI
todavs statement, suppOsing IL was news sum
sbrn,yd oprrators were induced 20 sell 'he s'och
:" Short from SO down TO 81 rs. Bnt u was
the granger stocks that were the polnt OF h'l"a,
and they show final declines, ranging rom ! ~, w.
I-2 per cent AtchisOn, Topeka and SANTA e
fully svmpathized with the Northern grangcrS aN
did also Missouri Pacific Ncw-lork ana N lew,
England closed of / 3-S yer cent from l's pes,
price Oregon Railway and NaVlgau~h, It'd iiT Grm
a. its hGsol H. Gm, HGa '1 "st paTS 'r
snd ,b eish Ssys o% %dvano Rsy phsGepEa
HEADING, after sales OF $4,000 shares
at As s. Sa49, closed at AS The O0aro rooni INV nv
professional traders again are enlisted on tna
bear side exactly as they were two wrcRs az
when the market then halted The feature is 'nr
remarkable manner In which the Market III It's
dulness, stands the assaults ann,
In the trust stocks the business done was com pr,
parativey small. Sugar sold up TO ~ 80 nu,
closed at III l.e. Cotton Oil. while dull ano
pointed as 0 rule developed strength at npoU
50. National Lead was firm at 20 8 . alter So 80
Although the market closed at about the low,
est figures Of the day, considering the rum0rs anu
work done for depression the tone was frin.
Z THE DAY IN THE BOND MARkEl.
Government bonds were dull and firm at ouota'
tons as follows: