New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-17
CIosING PRIcEs oN rHILADELrMA sT0-Ks.
Tuesday. Dec. lG-p. =
STOChS.


Last Saturdays bank statement WAS entirely
consistent with the known movements in money.
except in the item Of deposit. which showed
reduction of Sl77.7oO, while the other changes
called for an increase Of s.. 200, 600. This was
a discrepancy so garing that il called for some
explanation, for which we look forward 70 the
next statement developing an error IN tAc aver
ages Of that item. But luminous contemporary
particularly luminous in sensational hnahcc-'"-
day explained the discrepancy By saying tha'
Several banks figured Clearing House certificates
in last Saturdays bank statement as loans AMI -
legal-tenders TO The extent of several million d'I-
lars" As cash and loans are both assets, our
luminous friend has discovered the secret that Tor
ages has bothered the average infant: How 10
eat ones cake and keep il till the next period Of
desire The absurdity OF the explanation Il IL,
own REPUTATION II is hardly necessary to oil
that any bank discovered IN DOUBLING Gp itN assets
by counting the cash which II had loaned ana lnt
resulting loans Is separate items Of assets WOMB
quickly find lis deposits diminishing 10 such al
extent that the doubling Of a5N"ie III accounts
would fan 10 meet the assets OF IcaI'f. We
would not refer 10 the subject except lA"t 'iH
enterprising news agency gave publicity - '"r
matter By publishing quotA'4oh, an" 10.
brought 10 us numerous inquiries about re MAJ
ter. The news agency later, III a Ahll-A''I''u
manner, put itself right, but II Gid not say '""'
our luminous friend was all wrong. ,
To-day's Washington Treasury Statement 81 -
balances, which SHOWS SJ,O%-,3f' Fss ~ -''''
silver and lesal-tendcrs III vaults than ana NH'"'1
DAYS statement, probably i the maj recon" 90
the money which last week was paid "u' ny -
Treasures for bond purchases. We Wrplc I'7t
Friday niQht that the evening up OF WasnnGt 81
cash statement with the actual payments i"I mona
purchases probably would not appear III IueS1"J.
THE STOCK MARKET.
It needs 70 be remembered that on last Thurs
day. Friday and Saturday the short seller
Of early In the week were climbing t. Tccoup
their contracts: that the point - sell S'V..H
on the meeting Of the Western railroads al W..
Morgan's festive board was well dIslFn"''I.
ndcr these conditions the strength SHOWN III
Yesterdays market was genera slrprisc' ia,
last evening We directed attention 10 ~" ld'l
that the railroad mana gers were oIt 81 the mnNr'
because of heir confinement ~ 'ir. NoIlan'-
house To-day the master maulUulai0i> 81 NHIict
were concurrent with the general appreciation ~
the value OF yesterdays results al thr r''IT"'I
meeting. The general cry was that nothing Wa
accomplishcd,' and Tie masters Of the situation
did nothing in the market 10 CONTRACTED mat
general idea. The prcscn' STOCK MARKET II VmpN
"a repetition Of All Ovcricd cat playing with nous
one DAY the "SharkS' tossed IN the ar. an" ilb
mex; day they left free to play III TIE
back yard 10 their hearts content, but me yafd
is guarded by q new wall OF adaDart thaI OHrI'
no possible way of escape. IL certainly cahn't
De the object Of the present managers OF ne
speculation TO encourage or permit 700 T'Wn
advance in values The work which has brfh
done 10 bring about the late demOraizaiIon ~
values was done for a long pun Oh the bHIi
side and not for soda-watcr rise when would
be restored railroad bonds must look inviting !"
investors AT current and higher figures, before the
mowers that be can look for n market for thcli
recent large purchases In the lncdntlmc 'ha'
valuable auXiliary-a "bhor' nierrst-muSt be
encouraged 10 keep IT'S faith that the market
Is tOp-hcaVN.
To-Iays stock market was weak in prices from
its opcning 10 It's close although the final sales
show unimpOrtant TccovcrieS from the lowest
nuIrcs Seemingly the local traders were left ~
draw their own conclusions Of the results of yes
,Drday's presidents meeting, and irrespective "i
the situation and Of business and If the hie
heavy declines in values, which should count for
something with men Of sense, II seems as II the
meeting was voted 10 " failure. In fact II
,ycut in a preliminary arrangement away beyond
What was expected by those who were best in
formed. Bat that Is neither here nor there nc
Street raid was a failure Probably the " short
interest in the market Tonight Is at least % per
cont greater than il would have been If there had
been no talk Of railway agreements or no meet
ing YESTERDAY The fact that matters were not
At The first meeting iron-rivetfd and copper
fastened overshadOwed the fact that without any
Arrangement the gross earnings OF the reporting
IA ilroaGs showed for the eleven months OF this
vcar a gain of S34. s54 go on the eleven months
OF 1889 and the other important TACT that Stock
values are now from 20 10 30 per cent lower
than tbcv were a wear ago II is The old story :
tbe silver siXpencc on mans nose hides me
gold sovereign o foot away: and OF that Illusion
the grand manpnlatOrs are taking the fullest
advantage. Delaware IackaWan and western
and Philadelphia and Reading STOCKS to-day were
strong compared with the gen
oral market bat Union Pacific and Canada south
crn were cOnspicuously weak. The market closrd
dull with some rccovcrics from the lowest figures
THE BOND MARKET.
No business was done in Government bonds, and
the quotations were steady as follows: