New-York tribune., 1889-10-17
CrosIvG PRICES PHILADELPHIA STOCKS.
Wednesday. October 1G-p. !

y.
The Nashville Chattanooga and ST. Louis iaii-
wav this month takes tho premium Tor prompt
rctrrns Of its Scptambcr account. It's statement
shows for September a gain in net earnings Of
nearly $40 600. and after dcducting fixed charges
and cxpenditurcs for trrmcn;s gain of 81 5000
Far tbc three months Of It's fiscal year-Jriy TO
ccntcmber 30-the gain in net earnings is over
SD OO0 and the gain in surplus aftar thn payment
Of fixed charges and for improvements Is nearly
Sal 900. or about 40 per cent.
The Union Pacific's report for its whole system
for the month of August is printed below Inc
Gain in net earnings for the month Is S-O0'14o
For the eight months ended August 81, after
heavy losses early in the year, the gam IN net
earnings is S4l ,59i. The only one OF It's COM
panics in which the public have any separate
interest is the Oregon Short Line and Utah North
ern That company returns a gain in net earn
ings for August Of SlO,s20 or nearly 20 per
cent. and for the eight months ended August 81
of S357 7.45o. or over % per cent.
While there is not doubt that to-day there Is
more money in New-Y York outside of the Sub
Treasury than there Wa, week ago when call
loans ruled at 5aG Per cent, TIE manipEAlorS
Of III, money mdri;"t, which mtluue Soihc wen.
known National banks and private bankers, again
have been at work TO advance rates Tor dhly
loans at the Stock Exchange The tactics en-
weeks acO-an early percmptory calling OF loans
and "a Withholding Of the funds from the loan
market till borrowers became eNGtod IG ana
hid rates upon themselves. Inc par
ticular circumstances at the Stock Exchange yes
terday and to-day force an irresistible conclusion Oh
a dIrcct connection between sone bank oIiicels ana
yhc bear cliquc at the EXcEun9". Both yester-
Gav and to-day some of the loud"St bidders IJf
money have been brokers directly annexed 70 the
bear" interest in stocks. Their borrowings were
/ small but they were as chcciual IN creauus,
millions. -
WHAT WAS DONE n STOCKS.
! The stock market opened with a general raid on
values and for the first half hour the dealings
were general Missouri Pacific again was sold
/ down TO GS 3-4, and Rock Island 10 49, Bat
neither the talk Of teht money nor the mystery oi
the hea.S" bOdncss in selling stocks ln lhc lHce
/ of General Drospc.ous conditions and large rtl-
| way earnings had any effect on the market values
! beyond that obtained by their rushing safes
| After the first hour prices slowly hafdched
| till Missouri Pacific sold up 10 80 IL ana
| other stocks made proportional advances. Inc
fact that the whole business III Is'Cd slQehS
| amounted only TO iG2,O'' shares Is tlle pe>t
| evidence of the sound condition of the market
and of the waste Of power which the bears nave
eXpcnded during the last forty-clghl hours. III
| the last hali-hcur one more rald was Ldde ON
values accompanied 10y the cty Twelve per cent
! is bid Tor money and prices yielded, under the
| force some fractions. but, as Is the rIlc. lie
| closing prices are higher than those OF I"st even
II hcc!ns to look rs if the bears had lost
their best card for dcmomllmtl9n lhs has
| been the unlisted department.. But to-day bo'h
Sugar and Cotton Oh refused 10 yield to a.
! taca.. and there WI, SPECIAL weakness shown IN
the attack OH Sugar il the selling OF Go-day
onions ut 1-4a1-2 per cent under the -ular
! Iricr Neither Sugar nor Cotton Oil MADE amy
| substantial gains for the day but BON eNhiDted
n better tone and power OF resistance 10 attacks
! that has not been observable for long time.
! sugar opened at - l-2aH - and. sold up TO
| - 3-S. and Cotton Gil Opened at 40 l-2a39 l-2
| and sold up 10 al Is. Under the force Of the
last raid they closed at - 5-S and 40 34 re-
! sDectivcly.
The market closed dull and strong.
TIE DAY ~ The BOND MARKET.
The Treasury purchased s453,7oJ bonds; per
cents S42.2OO at > and y per cents %5l 800
! a. o. "a At the Stock Exchange no business
| MAS done in Governments, Yh!lc the nominal quo
! tations were hid as follows: