New-York tribune., 1889-10-19
CLOSING PRICES PHILADELPHIA SToCks.
phla4ephia. Oct. 1s. 1852
CLOSING PRICES OF CALIFORNIA STOCKS
san Francisco, oct is, 1Sse-
Friday, October lS-p, m


Todor,s s+oc,, market presented no new feat
rroe The transactions in listed stocks amounted
only 10 $4,000 shares, against l9A'oOo shares
yesterday Yet from the opening to the close,
erbiect 70 the usual intermediary fluctuations
there was a general hardening OF values. lhcre
WAS M speculative booming Of prices, because
tbore are no two "bulls" in the market wCsking
in unison but there was an evident desire among
the leading bears who furnish most OF ule
specialn information circulated regarding tne
railway and monetary situation TO recoup Oncli
stocks We quote from Kernan's news bulleuhs'
issued early in the day, for effect on the ln"LHeC
" One of the best informed bankers IN wan
S+root said 70 rs: The last chance this year, for
an improved speculation has passed. Money Will
he in active demand at'ful rates until January
and unless some relief comes from the only
source whence relief is possible, that Is the
United States Treasury. we may have plhch at
any time The banks are doing all they Can'
but Wall Street is not the only phce we nlusu
lool, after. the commercial interests equally
important The available supply OF funds Is IN
tbe hands of the Insiders IN the various trusts
sucb as Surar. Lead and Cotton OIL who have
/. marketed their wares and have taken enormous
amounts of cash out of the Street, ana upon lhelr
consideration the Street Will IN large measure DC
!" A member of one OF the most important anu
widely known banking houses on Nassau-st gises gt
us his opinion that money Will RUE at lG-proUaoiS
- 10 2O-pef cent from now up to January 1.
There IS no manipulation, he says ABOUT lhe
money market, but the tight money IS due soiey
IN the demands of trade. Enormous amounts are
required and are being sent daily TO the west,
and the demand Will he kept up
This might have been important II the names
had been mentioned. but IN the absence OF names mes
T. is nnre and simple 81 rot" We imagine that the
first statement comes from suspended member
Of the Stock Exchange; All the
ayaaSe the SuRPSS BanSs OF the u"q1 Insiders Of the
Snqnr. Lead and Cotton Oil Trusts and the whole
United States is at their mercy Was such - IoI
ever before printed? The second sttement
sounds as if it might have come from the Nassau
81 banking firm which is widely known as
the leader in the recent manipulation OF money.
We think our gucS>es Of the authorities OF these
statements are not far from the mark. But with
out names ATTACHED they are unlmportant factors
anv way And Herman Co. call such Impossible
statements news. L.,
in whose interest such trash was published. lhe
bears all day have tried to recoup their contracts
and in doing so have materially advanced values
If there was in existence a single Dun cHqte
which there is not the disposition which tho
bears" to-day have exhibited TO gather IN their
contracts would have made rcd-lettcr day m
the Stock EXchang. As IL IS the ihafke1 P{ SIMPLY
hardened on the small transactions before named
The market is dull the stocks are held h,yohd the
reach Of ordinary manipulation ana Whlle at any
time the market is easily deprSS'd by sues OF
psG,ilyC" Tocnro fToe" tEe short slcs Efforts in
that direction to-day were the only
features, and the success attained, aided by
money manipulation, was not of satisfactory
character TO the bears Although il has been
! demonstrated time and again that it is easier TO
sell than to buy a line Of stocks within a range
Of per cent, the bears" still continue to trade
| upon the absence Of bullT speculation, and
! perhaps this time WILL rs they have on all pre-
/ viouS raids during this year. wake mp 10 the fact
that their short sales are not taken by Street
! traders.
! In the unlisted department there also was n
| firncr tone, and the prices for SUGAR and Cotton
| Oil with frequent fluctuations made final mate
| rial advances.
TIE market generally closed strong. while dull.
THE DAY IN THE BOND MARKET
The Treasury purchased sl,O8s,O5O bonds ;
| per cents, Sl,OOG,sj0 At 127, and 4 IL Der
cents, S3i 200 at 10j 3-4. At the stock fN-
change there was no business in Government
bonds, but thc quotations were held steady and
unchanged follows