New-York tribune., 1890-06-07
CLOSING PRICES OF PHILADELPHIA STOCKS
BID Asked
-
THE DAYS STOCK MARKET.
Friday, June 6-p. m.

frludl, June o-p III.
In to-day's stock dealings the listed depart
ment furnished le9,240 shares. against 2l4,2oJ
shares yesterday, and the unlisted department
where danger signals are hung ont "-contrihuted
l3s, ,O24 shares, against 7o,9s1 shares Yesterday ;
total to-day 327,264 shares, against 2a4.ls6
shares yesterday. Sugar RchncricS contributed 10
to-day's total in the Skating Rink" I22.7 $50
shares. And II was a wonderful exhibition Of
Gasterly manipulation that with distributed
points Steadily advanced the price from 50 IL
at tho opening 70 50 at about clock and then
within sn hour ratified the figures of 20 20 l-2
without the aid Of rumor. and then generously
saved the still unslaughtered dunes by closing
the price at II "a. The trouble with Sugar is
that no one knows anything about ite intrinsic
merit, and that, therefore, opinions are made and
unmade by the fluctuations in its price week
ago Sugar was broken the report Of the EN-
DarrasSnent OF the principal manpulator, and he
was slow Ia deny the report when asked 10. To-
day IL was broken without any rumor The Stock
tAchange must admit that IL is permitting dealings
III a stock about which II knows nothing, only
that it is manipulated solely for the benefit Of
OF two operators, and that al the rest Of it's eli
entaec deals in II at extreme peril The plea
that no one need deal in il If he doesn't choose
to, II II possessed any value, would repeal any
law IN TIE country against gambling Of all
hii"S lH' NlOCh GAfUdItF Is Responsible Tor Iif
character Of the business done within It's
walls. II knows that the Sugar manipulation is
a SKID game. IL should know that It cannot
be publicly sneared IN one department without
anecthg all departments particularly after us
sad experience Of the twelve months ending
April /.
The general market, as the figures show, was
less active than yesterday but il ruled firm with
some material advances The sudden decline OF
Ia points in Sugar had scarcely more effect
on the general market than did its early advance
nf Il enf hot oil f1r.. q. lao
the result Of manipulation and both alike
checked dealings in the general list for a spccu
lauye advance. Among the timd operators III
stocks that to-day had mode no special i'm
provements there was marked disposition 10
run, and on these stocks they did run faster than
the demand developed 50 that the days ad-
the final declines range from Is 10 5.9 per cent,
and the gains from l-s 10 7-S per cent II is not
rcsusctation of the silver question that alo9e
has given impulse 10 the market this week.
The market was broken a week ago Yesterday by
false reports II required few days 10 recover
from the shock 1T received The recovery had
the action on the silver question The under |
lying strength Of the market is not due 10 ex
pectFd legislation, but 10 the steadily advancing |
prosperity OF the country and Of the properties
curties by investors. What the effect Of the |
silver legislation may he when il is an accom- |
pshed fact we, we will not pretend to predict. ex,
got il is not a leading factor in any Of the in |
iustries Of the country. Despite the Sugars |
ocautiful and grand pyrotechnics, the general
market closed strong AT the fcnres
TIE BOND MARKETS
The Secretary Of the Treasury Yesterday at
ate hour accepted $4,000 l-2 per cent bonds
,-s per cent. To-day's purchases included
,sI 100 4 per cents at 1922 arid SO 900 I2
,er cents at l03. At the Stock Exchange a
mall lot of registered 4s sold at l2l Is. The quo
for ba 4 - nor dad n
treasury new valuation Of them, while for the
per cents they are unchanged as follows: