New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-17
CLOSING PRICES OF PHILADELPHIA sIOCKS
BID. Ask.
A DULL STOCK SPECULATION.

Wednesday. April l6-p. m.
"They" opened tie stock market this morning
of 1-4a3-s per cent from last evenings closing
figures on the published Chicago news relative 10
the general railway situation. and particularly on
Mr. Gould's "reported@ animosity toward the
Chicago and Northwestern and Union Pacifics sim
pie agreement on a traffic arrangement. which
agreement is a matter Of economy for the two com
pancs and of immense advantage to the travelling
public and to the mercantile interest The man
who fights public bencfaction must be large
in pocket as we'll in nerve force to meet even
partial success They also piled the marked
all day with the most discouraging reports and
rumors. And yet. They" met all 81 their" sue
cess in the figures which reached in the first
ten minutes of business. Almost Immediately
prices recovered 10 the as, better than. the
closing figures Of last evening Here is a sample
of the sort Of stuff with which brokers' Offices
were cranmed to build up their business
The bears insisted that while the nominal
street rates for call funds were 4 TO 4 II per
cent, the Hanover National Bank and other iinan-
cial institutions found absolutely no difficulty in
renewing theft loans at from , 10 per cent. This
they minated would show more clearly than
anything else how closely money is inclined to
work.
OF course bears" are authority on the rates
OF money, as they never are borrowers Of II eN-
cept after failing, and then with collateral con-
siS'IH- fHtlIPlN "l l!itlI hopes 81 IPSAIlf'lIDH
Nevertheless time money was a bcggar at l.:
per cent to-day in Wall Street
After the general recovery the market was dull
and embarrassing as whole The last special
feature was the strength Of Delaware, I.acl.awanna
and Western, which rose 10 and closed at ~
against 1876 "a, the opening figure: and Phila-
''ephia and Reading stock. with sales Of only Goa
shares. established an advance Of IA per cent a.
g. just think Of II, You governors Of the stock
fAchan.e. an active speculative stock like that
o. Philadelphia and hcadln. recording sales Of only
800 Shares 90 stock Where are YOU driving
N"ar machine ? Under The pressure Of bear rules
"'mout any organized resistance, the market gen
sialy closed small fractions lower than last even
m But II strong IT the figures.
.. we nave heretofore RETAINED from reference ~
'"r probabilities Of any silver legislation m the
present session of Congress. II yet has not en-
,eIed INTO the calculation Of the stock speculation
pu' /, now seems probable that there will be
some legislation On silver What form il MAY
'aAe IS still problcmaiical But certain il is thai:
whether II IS Mr.. WINDOWS bill, with amend
ss-'hl>, Tor coinage. or the compulsory coinage Of
fi"V".000 worth each month"; it means n ire
hcne0us imitation Of legal money. l'c the scheme
adopted wise not, its first effect Will bc wild
sPcualon ~ everything. For tie permanent
csls!ation viii not make us importers of silver in
100000 annually.
TIE BOND MARKETS.
=. Inc Treasury to-day purchased S31j150 bonds-
s""ll12 per cents at ~ and 81 900 -
per cents at 1903 -. At the Stock Exchange
iesiArcd Is sold al 122a122 Is. Annexed are
.ne closing quotations: