New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-16
CTOSING PRICES OF PHILADELPHIA STOCKS.
THE DAY IN THE STOCK MARKET
Thursday, May 15-p. m

thursday, May Up III
The general conditions affecting stock values
are still reported favorable for much greater APP
probation. Forty-fve railroads have reported
their gross earnings for the first week in May.
OF the total number, forty three, showing gains,
have returned aggregate earnings Of S3,7o3,ooV
against IS ,23l ,622 for the same week of 1850
a gain Of S472 347, or 1876 per cent, and the only
two returning losses have returned Sl34,993
against Sl53,1s3-a loss of SlS,l90 or Ills per
cent But the speculative condition, al ohe
moment, is somewhat clouded BY the heavy real
izations OF yesterday and to-day. That there have
been large realizations is beyond dispute but IL Is
equally true that the new buyers, who seemed 70
be of equal credit with the reazers of profits,
have absorbed the offerings so that prices are sui
much higher than Oh Monday night. and generally
only fractionaly below the highest figures yet re-
corded in the recent movement.
While under a continuance of present con-
ditious-and we do not include any "sent-
ment," based on probable silver legislation
prices certain To obtain much
higher plane than any yet reached. IL is question
il temporarily the general speculative desire 10
realize profits will not for time overcome lle
investment demand sufficiently 10 cause reac-
ton greater than that OF to-day. II not only Is
possible. but it may be probable after the sharp
advances Of the last month. And the old !" bears
who are trying TO masquerade as leading " bulls
are watching for Just such an opportunity Iur
ther to reduce their still outstanding line OF
shorts" II the opportunity occurs. il may ID,
counted r. as a certainty that sold-out bulls
and old bears" will join in hammering prices.
We are only suggesting possibility which seems
70 be indicated by to-days transactions II IL
happens it will be temporary affair, resulting
in a later market stronger and higher than any
vet. few "thnly lined traders Of the Stock
Exchange-recent converts from the bear
side-may be frightened out, but the real holders
of securities. who for twelve months have held
the fort against the constant peppering of " bear
shotguns will not be disturbed by a genial and
healthful reaction. -
There was bull" manipulation in; some
stocks at the opening this morning The hench-
men of a certain speculative interest in special
stocks were early visitors at the offices OF many
. brokers with their points of what they should
do at the opening for days profit. We will not
mention the stocks but they may be found III
omr general list" among the stocks which In the
early sales recorded the greatest advance and al
the close the greatest declines. The days busi-
ness in listed stocks amounted to 451, s13 shares
against 81 o 25s shares yesterday and In the " UNI
listed department TO l45.326 shares, against 1856
e97 shares Yesterday: total for to-day, 597,l3D
shares AGAINST 6i7, i55 shares yesterday The mar
Eet opeDed with bulge in advances that. IT was
nerfectly apparent. would invite realizing sales IL
was not n natural opening, hut one that clearly
shaved the hand Of inexperienced manipulation.
That after such an exposition Of inter ignorance
Of the methods Of manipulation, the market stood
tho heavy realizati0ns well as IT. did, only
develops it's absorbing qualities and its inherent
,trenatb A four-months' baby should have known
better than 70 manipulate prices as certain stocks
were manipulated this morning. 1t may require