New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-04
CLOSING PRICES OF PHILADELPHIA STOCKS
THE BANK STATEMENT.


By the operations of the New-Yorll Sub-Treas-
ury in the week ended last night, which in
cuded deposits Of S3,206,50O for shipment to
other places, and payments of S2G6,O2G for pur-
chased bonds the associated banks gained $685.
81 The weekly bank statement published
to-day showed loss in cash of Si,4l7,600.
II plainly reflected the actual condition Of the
banks a week ago, when the statement was made
on falling averages. The opposite conditions pre-
vailed in the last week and the banks undoubtedly
held larger reserves than those reported in the
present statement The contraction in loans was
oscribable to the shrinlIage in business at the
Stock Exchange, Willie the movement OF money
TO the interior began to subside. Although the
decrease in deposits was considerably less than
the other changes required, allowing for the dis
erepancy in this item week ago, the statement
was sufficiently consistent in It's details. 1t must
be remembered, also, that large imports OF specie
were detained at the Custom House under the
recent ruling Of the Treasury Department and
that they counted for little in the statement
The result of the changes was further reduction
of $yO5,315 in the surplus reserve, but the banks
still hold in excess of legal requirements S3,lO2-
$50, against 81 ,31l, 200 IN the corresponding
week year ago, and deficit OF Sl,6Oe,CoO III
the preceding year
The following the comparative statements Of Sep
TENDER 20 and october 3:
Loan. siSS SPs e s4S SSs 700 pee
speee S34S lag tS 81 3 30 Dec. 2Ss0S
DEPOSITS 4O!6llg0o 4O3 597 G99 Dec 2ois9 ,0S
Circulation 5,57o300 5'62lG0C Inc. Ol9Vo
The following shows the relation between The total
reserve and the toa deposits at the respective dates
Specie s624o5lo0 sG4l5s so0 Inc sli22aC00
Legaitenders 42,'G54oO S'5'-4CO Dec o,I1S5yo
Total sI05 les 500 sIoS75o 300 Dec slal7ooo
asalnst Gopos lollOOa75 1ooc4sI5o Dec
Surplus ....... s4.O0s l25 sSIo2 100 Dec. 5s75
The Clearing House statement is as follows
For to-day-Exchanges, Sl42,6sO,0I; balances
So, 500, o3O. For the week Exchanges, S'O4,-
4GO,j74; balances, $33 ,O46,7lO.
WHAT WAS DONE IN STOCKS!
In every department Of the Stock Exchange
speculation was active and confident. In the first
dealings few ective stocks exhibited a sEeht
hesitation but il was dspelled quickly by the
renewed fervor of TIE buying. The frul faith in
American securities which has been shown by
Europe throughout the recent reaction was eX-
empifed again by liberal purchases for foreign
account. Still greater eagerness was dlspaycd
by the bear faction. which apparently was gym
ming to appreciate the fact that the reaction was
a thing OF the past. The rise In prices was rapid
ant at the very highest points.
Atchison continued 10 lead the upward move
ment, rising 2 per cent under heavy buying ana
per cent. The buying Of both stocks was slmu-
lated by sn eager desire TO protect snort safes
The Granger shares as group, were DOth acuIe
tainty and hesitation which distinguished the
dealings in it yesterday. The final advances IN
these stocks ranged from IA to per cent, the
highest gain being made by Rock Island. Union
Pachic was not far behind, rising over Per GEM, cent
while other stocks which are iavortes WIN LuFo-
pean spectators were Conspicuous ~ GIcII
strength. The fresh movement In North American
was continued, and many specialtes Of winch the
Wheeling and Lake Erie stocks were perhaps lHe
NEST prominent advanced rapidly on small trans;
actions. The business was large and fairy W Wen
al
word the market afforded new indications Of its
breadth and inherent vigor. The publication OF
the bank statement was without eject or JHe
closing dealings because il was not worse IMAM
had been expected and for the present monetary
conditions have ceased TO be a factor IN spechla,
ton With steady movement Of gold toward
this country and diminished demand for money
from the West, monetary disturbance would seem
TO be an impOssibiHty.
TIE DAY IN THE BOND MARKET
Government bonds continued 10 be neglected,
but the market was strong in tone az these quo
JatiOBS