New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-25
CLOSING PRICES OF PHILADELPHIA STOCKS.
TIE STOCK MARKET.

A couple of friends today accidentally met in
Newest and after the passing of the usual salut.,-
,ions one made some remark upon tie brl!iancy
of the weather: the other quickly replied, and
with some development OF feeling " II can't last.
# cau', last II must rain a"ain.' 1t only a
rcc,ir -, of friends but the conversation htly de-
sc"iies the persistence of the pc>simistc views
which are now inculcatci in and about the Stock
E\chanrc-no, because general conditions warrant
such views but because the necessities OF certain
large OPT rators Will not permit contradiction oil
their authority II IN the conversation Ic!'ifcd
to the friend who remarked upon TIT prliliahcS
Of the weather Lad not been possessed Oh 'h"'
discretion Which is better than N1lor. ana ha'
dared further to suggest dissent TO the prcdlc'"h
of rain that il might DC postponed for forty
eight hours, it j. no, Improbable that case l"r
policc interference would have resulted.
There i, one special feature in the stock market
that is worthy Of particular n0'l'c. MI - v
Wl,c is corlec,iv crcaiicd with bcinS the pI!n-
rnol speculative supporter of the stock Of the
Drlawar. lackawauna and Western Company.
lie practically sad 10 the pcs>inIisiic host
Keen Your hands off this property IN
the monetary squeeze they dalcd 10 disobcy Inn
and sold the stock as low us l4o l.: ;
they have not yet paid the penalty OF 'hat uIs'-
bedicnce and he has made the price Ia -
Now, Mr White is not the greatest NAH III 'Ae
StocI, Exchange but he deserves credit which he
with pleasure give 10 him, Tor nianfully sustaining
the price VI good stock as ne pronisea 10 90
Delaware. Lackawanna and western STOCK at -
IS not particularly cheap as compared WIN .c
market values of the general list. nut IL FURNISHES
an illustration O1 what wCulu Ike zone III WY
whole list if "a the Stock Exchange there were
which enables Mr. White I" defy the whole pes
simstic host ard their paid adhercn's among
the Western LOWS reporters ,
4 wear ago Mr.. j. Pierpont Morgan was
proud Of dairy ASKING about M" stocks Now
That they'll Four and Chesapeake and ONO LISl
urcIcrrpd-aIe nearly 10 per cent lower man 'iE
as compared with the price OF De law"Ie, Lack
wanna and Western and 81. Paul they are III
Nnitely cheap. An Interchange between Mr. VIM"
and Mr.. Morgan of puck for capital w1nid ",
Of special benefit 70 The disappointed holders VI
my stoCxs~ A rcforula'iO ion is needed, aud uiat
quickly, or the name of DreAcl. Morgan n o.
Will not stand prcelIncnt hereafter III ''r
ization of properties The result OF Their iat"s'
efforts in that direction are not at all Satisfactory
a. the holders Of the rcoruanized securities Tins
p1in "T but W i r. f'oIs as ''" dome and pro-
poses to do with Delaw"m, Lac kawnnna
and Western could be MOI. .,' easily dI ,"
Vim ,.ss amy o'nei a' ,nss STICK , .,or %
snail 40 compared with what II !, III other active
Stocks But Mr.. White srelus TO In the only
speculative bull" III The market or a'I"i2 All 'L''
Mr. Canlmack and his followers. II L. Il la con
dtioIl but II is our province ~ record the facts
And every act Of the Stock EAchangc governors
has tr,.deI ~ a - the bears ana u rst!icI t'''
business, TO a Li.nlnIliu
The market tins morning opened strong win
prices generally higher :lIan the closIn2 ~ lIs'
night, and for hour or NOR" there we"
further substantial advances recorded. Ih"n
cane the period Of dulncss and renewed efforts
for depression which resulted in a reaction OF
about IL per cent The mark continued dull I"
the close. and failed to make rccovcrIcs "a the
hest prices OF the day. The total business il the
general market only l4G,Gss shares, a.:'iht
1855 shares yesterday. The liquidation IN the
Willard stpcks, for whatever cause II mhy have
been done srcn,s 10 hr over, and thcI to-day
were among those which made the best rccOTcrms.
The market closfd dull and firm AT The quota
tiUlS.
TIE DAY IN TIE BOND MARKET
At the Stock Exchange the business H. Gov
crnlueut bonds WGh covered by sales Of SJI,0op
registered 4 per cents, al l:} l-eal:j, and $40
900 coupon As II ia. The quotations are easy
foil n,c.