New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-14
LOSING PRICES OF PHILADELPHIA STOCKS.
TUESDAY. May l3-p. IN


To-day's dealings in stocks at the Stock En-
change aggregated 10,0G7 shares Of listed,
against I30,lOl shares yesterday. and 100,2s7
shares in the unlisted department, against
1000 shares yesterday; btal to-day All Pa
shares, against jO7,19l shars. Yesterday was
day of large and general Ic;lizatons among the
professional fraternity; the hammer in which the
market absorbed both the heavy TeallzatiOns
and the small declines forccl by the late ham
merng of prices developed breadth Of market
which was unsupported by any person. There
were last evening few If my operators no
matter how sanguine of the future they were,
who did not think it would require two or three
days for the market even 10 recover from yes
terdays late severe "rattling" That it this
morning should open even STEADY, not to say
firm. was surprise TO every me both bulls"
aud bears, and there are Yet plenty Of bears"
i'll the granger stocks. although some have made
partial hedges in the industria securities. The
market has been tested. 1t is good thing that
1T has been. The days developments show that
professional operators, whether S0ld-Out bulls
or manacIed bears, ore only cs OIL the wheel
Of the locomotive drawing the tain Of the cur
rent public sentiment In regard 10 the gen
eral prosperity Of the country
The special news OF the day calculated 10 effect
values was Of a mixed charactc, nut Oh the
whole of fears of more extended complications in
railway wars at the West But the history or
railway earnings has at last come 10 be appreci-
ated nearer It's true value. IL has II last dawned
upon securlty-hoiders ana others lesidcs railway
managers that all this talk abon rate-cuttin2
exaggerated as 1T is and has been covers only
the points which are competitive, and that the
traffic at such points Is small icn compared
with the local traffic OF nearly all tn roads We
are sorry To say IL, but IL is True tint men have
been convicted oil murder on evidence less cir
cumstantial than on the railway earnings and that
the occasion for the talk about railway wars has
Lecn made for stock jobbing operations.
In to-days dealings Atchison, Topck and Santa
Re was conspicuous feature and advanced
10 and closed at Al IA. Missouri Petite. after
selling down from 16 By to % "a exrlghts re-
covered TO e IA giving poor colnfrt 10 Che
early takers of Mr.. G0uld's position il the mar
vance OF IL per cent 10 III, closing a, 20. and
Delaware. Lackawanna and Western sid up 10
las IA and Philadelphia and Reading after open
inc Of IA at AZ, rose TO and closed nj Al Union
Pacific. in which there still is a large outtanding
short" interest, was opened OF BIS per cent at
65a6I ga but IL closed AT 90 SIS, and Oregon Short
Limo with small transactions closed at 81 SO
bid. against 80 IA last night. The Oranges gen.
orally show small gains for the day. bu Rock
Island is up 3-S per cent. Chicago Gs rose
from 60 Id last evening to G2, and cloed at
a rs which is low figure for an industry earn
ing over , per cent and now paying pc cent
dividends, not taking into account its futur gain
IN come from the introduction Of natural ga into
Chicago through It's pipes.
In the unlisted department there was firm
tone To all the industrial stocks but Sugar was
The special feature, and, with sales of $4,000
shares it's price rose from 81 3-4 20 Sc Is. The
Whole market closed strong, without eXcitcmnt.
TIE BOND MARKETS.
Tho Treasury purchased $3.50 4 per ont
bords AZ l12 and sos, 200 l-2 per cents at
I03 10: total, $3.50 900. At the Stock EXchagc
moro was no business in Government bonds; lie
quotations were as follows: