New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-13
cIo,,l,, pnIcEs OF rnILADELpHIA sIOCKs.
BOND PURCHASES AND TIE BANKS.

FrldiN, Dec. Up "''
To-uorrov's bank statement is likely TO prove
70 he a great surprise either one way or 'he o'"'
The great guessing factor relating 10 - 80"
question Of whether or not any oil 'fe Si"'"''
,i,,,,,. Iocl,cd-un cash has been returned To us
usual currents But this week thcre j. ""o''''
,,,,cor,,in factor. In our usual analysis OF the
sub Treasury movements Of the week, printed Dc
Low, wc show that by the operations of the SUD-
Treasury in the week ended tonight, Whl'h III
cluded in It's receipts SI,l17,0o0 cash for pay
,cr,s AZ other sub Treasures. and IN its payments
4. 226.5q0 for purchased bonds, the associate"
horl.s of Nev-York should have gained Ss,"@4'o''
cash This sum- if il oil went into the banks WOuH
oouD, In to-,porrows bank statement made upon
,he idiotc plan of averages, for gain OF nov over
:. 200 600 70 the average Gosh. We nave dife u"
attention 10 the fact that something over 9''VVo'
600 of the Sub-Trcasury cashiers cA''h' 4s' -
,,.,,o.,,, of bonds we're cashcd at the paying
tsler's desk. and that gold certificates Tor th''
amount were carried away, instead oil io"o".Hs
tho usual course OF business IN dcposlllng 'c
checks in bank and maklr,1 collections thf9NPh
,he Clearing House To-day we are lni"ineu ID!
an authority which respect that over S','V''
600 Of the gold certificates collected o. Inc c'SI'-
ior's checks were immediately deposited III 'hifgr
banks: that the cashiers checks were cashed ohE
for Tie purpose that the specie mlsh' couni ID
the banks tonight instead Oh to-hC'fo" hrH'
Nc shall bc only toe well pleased II io-mofTo"
bank statement confirms the explanation Of ia"
casiing of the checks VI,
Tie General Treasury statement rom NhSH-
in.p,,n today is the first reflection Of Tins week
bond purchases. As We before have irciuchul 'N-
planned, the Washington General statement TN".
no reduction from It's general cash ior p-If'oS
IIry paNucuts for BOMBS till n" bonds are r.
ccivcd, examined and cancclled, ana then on,
are The Sub-Treasurics credited with the outSo OF
cash TO-I2Vs statement. !" Sio"InE loss 81
So.G13.2t5 gold from yesterday settlement, re-
fleets about c'c-hfth Of The gold paid ont ~
the Sun-TreaNuFI"s Tor hohd pnlcn">',' o, -.
lore ncNt Monday or Tuesday This is ~ IN
portaut iteT tor writer. ON the question 1i iI',H
inv "a5sorptlons' 10 bear ~ miud. Don't JOY
us road rcEt Sunday morning that III" Treasury
Ia, paid ont in the week over : 0,u'o. 600 Tor
purchased bonds and yet has only los, nG ny daG C
Washington statement S@,oV'.p'" Or SJ,0"o,'""
cash, because Il will not he tru"
TIE STOCK MARKET.
II would hardly be correct T. say that The
stock market to-day was booming. hnt us
movements made an approximation ~ sHch
result The total Transactions IN TIE general
list amounted only - 211,l02 shares, when ht
no means is large business Yesterday rave
rumors of addi,oHal financial DISTURBANCES d,n hp,
nan ont for a cent I'm the morning pnnlSA''
news and the first prices showed material gains
on last evenings figures. London hci'r' our
opening came ipwlth buo\au' hrnicS Ah i,o.r,H
Is entirely dependent on HON" maiKr' P1"I't"ho
for It's cue II should be easy 10 guess IA" buNIl-
power that gives 10 London strong opening III r.
Spouse - e postponed weak nome 'i"NihG ,l' N1-".
bel
hv lacking up money Itself mas created dlsiII ISL
that has caused an enOrm0us amount OF irlRh'-
ennd and innocent boarding Of money, hnd ms
ctJec,ed an enormous reduction IN 'aIucs ~ 1hr
Stool, Txrhangc-1O rot seem 10 find II 80 td",
~ accunulntr large blocks Of stock and bonds al
tLr declines as was expected The reason Is that
fine securities were not IN the Street hcld on
In,roios-o tbcrwisr with tho great depression ~
values that has occurred there would have lccn
len failures NJ the stock Exchange where Ari'
has been
'Ihorc is a rumor anoat. which, while 80 do not
vouch for it, is worth prii TIM. i Is stated ih"'
The LATE great bear in ire market las been
kicl,irp over the traces and disrcgardinc tho Of
dcrs of 1hc MASTER and started IN o. campaign
If his own While tlc operations Of Tie last week
os seen on the surface indicate that tins -
true we are loath 10 take any stock in IL Nr
Conmnck is not built that way. To-dayS "p"i".
lions in Union Pacific furnish Il good example "l
how such a rumor might originate. II ~ common
with fLc whole list opened up IS per cent ana
rosa "a A. l-4-nt ~ la 80 IS q large hu>iIcr-
was done in the stock: hut later. III In" twink ln"
Of an eve tie price Suddenly broke To- A.. me
stock closed al 80 IS. against 4J-t-s last evening
The rapiG downward movement IN mon racine
scarcely cNcrtcd an Influence on the gcncr market
purchasing orders and here and there n Ic1cil9
O. l-Aa1-2 per cent In ~" general Ilsi,
and then the market continued its inward course
i'm values We do not believe that the raid on
Union Pacih" was against orders but that y wa
mad. in pursuance u drcct orders from the master
Of the speculative situation III" whole Dtar ..ct
closed strona az or close 10 the highest prices
Of the day.
TIE BOND MARKETS.
The Stock Exchange recorded business in
Government bonds, ana the qu0ta'!ons were easy