New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-13
CTOSING pRICTS OF PHILND1LFIIIA oIVVN7
WHAT WAS DONE IN STOCKS.

Tuesday Aug. Up m
The local money market at the Stock Exchange
is n curious piece of mosaic set in Kaleidoscope
Yesterday the rate for call loans rose to % per
cent at the close to-day it fell to per cent, WIN
final offerings at per cent OF consloel''e
amounts. Why? Probably the amount OF nohe|
in New-York to-day does not differ from 'hat oi
Yesterday half a million of dollars, ana II ,i'o
bears" are TO be believed yesterday empty I"s
Of strong boxes into Wall Street should have III
creased demand 10 borrow to-day Unfortunately
or fortunately. some Of the stories of Oc@
writer's are as silly as they are false Inc fo"'"
with the money market Yesterday N"'
the strike: that created a tmldllS !" 9on'
quarters where IL should nave Hdu Nv
c,rcct so that certain amounts of funds were
Withdrawn from the loan markets al time Wien
tbc general disposition toward fevcrshness on the
MART Of borrowers was marked, Tor the same cause.
Every one WAS surprised that the strikers haa
1,rcd to take their position against the New
Xork Central and Hudson River Railroad Oom-
many. and the fact that they had done IL wac
accepted evidence OF their apiillI 10 Pun ie
and DESTROY l. was that when ycsUIud2 No. no"
II pos,Ibc for ShylOcis 10 command eAoI"i'""'
rates for money: il the reverse whIch to-ual
looscued the strings OF moneybags 'hi' NrSu't'i''
were tied in hard knots, and delraudru me HnN
locks Of their expected days harvest ana 4ry
rio speculative organs. with the defeat o. ne
strikers are working hard - prove lH"t II VS.
not the strike which lntuehced He'lri"'H, Nv
cline buf the local Siringcncy IN money. IL WdS
the strike that made yesterday money I""'
possible. .., 49, 10
Ii any one went home last night win me oo de-
mslye idea that the stock market closed "e'N'
n cir dcluson was quickly dissolved ny me op"I!-
ing this morning. London quotations Tor Aherl-
cans came higher and some respcc''o.P puHnS
ordcr, for foreign account were on hand In our
own market soon after the opening. the money
market was started al per cent, and then ra' sci
10 = per cent but The prices OF stocks coH'tn'',
to make advances. subject 10 reactions OF LAT
nor cent Then came "a still hunt for false
reason for the advance seeking for Tumor rs
an ALLEGED caus., that could lie Immediately con
tradictcd ~ last II came in cold type as i9I-
lows. The market has risen on report that me
SECRETARY Of The Treasury VIII 9ner 10 caerih '.r
out,anIug ID per cent bonds with interest TO
maturity without rebate
We venture 10 say that till this was printed
no such report was current to-day. Inc question
has been mooted in irresponsible quarters ior
v,eek or more hut II TOO silly proposition
10 attract attention. l. required hardly ten MIN
itcs - get in cold type the following contradic-
Gatcr-A private dispatch from washngton,
.avs: Sccrctarv Window left Washington last
niehi for little rest. No one AZ the Department
In, heard Of the rumored bond redemption pro-
~Washinrton Spccial-Sccretery Window left
the city this morning. and no VIII ne anSeh' lNo
weeks There Is mo- probability OF any change III
the Treasury policy untu ms return Inns -
what Treasury officials say. .
TIA, WIS pretty quick work BIT af'er such
positive contradictions almost ohciaHy ol .,e
ALLEGED cause for the early advance IN prices, th'
nr.ars silll continued 90 advance TIL the very
cl'se ol tho day Md after money lef up u
per cent the advance was no more r'plh li'H
il WIS when i per cont was N" rat', ana "''i'
tI, absurd story that the Treasury was going 20
make a. present 10 the holders 81 the J.? per
cents Of the interest 10 occru" MI NrPten"T l.
l~el w.s rot i'm circulutlOn. Ire business one
in tIc General department was $1,000 shares less
liam mt II yc-'rrday but vet the market G"n-