New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-01
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Tuesday, June sop. m.
The stock market was not much more acuVe,
but it was distinctly stronger ana more cohh-
dent to-day The change m the speculative tenn
nor was ABRUPT even if il was not unnatural,
but il was not without reasonable preteXts The
nrincipal buying seemed to be for the short ac-
count, but as the recent decline was Oh selling
in the same interest, the movements were sig
nifcant simply by comparison. Prices advanced
more rapidly than they declined, or III dlierenV
words the losses were recovered on smaller
volume of business. The reasons for the sud
den reaction were the large short interest among
professional traders who have controlled for some
time the course of prices the apparent cessation
of gold exports, and the lower rates for foreign
exchange, with the better feeling which these
facts naturally aroused, and the almost complete
bsence of monetary strlngency, which Odght
possibly TO have distinguished the END OF the
nalf-year. The dividend and interest alSDulSc-
ments which will begin tomorrow VIII he eX,
tremely heavy, while the Treasury payments VIII
be increased on account of pensions and OF APP
bropriatibnS that weic not sooner available IL
these circumstances the stock market rallied
naturally and with great spirit. II was admitted
that further shipments OF gold might De hHNle
without influence on prices oi corporate seCuIl-
tics No further shipments were anticipated, now
aver and the financial and commercial supremacy
of this country Was supposed popularity TO DC
assured
notice The stocks that recently have been sold
with the greatest confidence made the largest
gains. Louisville and Nashville rose IS per
cent and st. Paul. which was still more active
gained 5-S per cent. In both cases the buying
was chiefly for European account. but Chicago
Gas closed Il per cent and Missouri Pacific "a
per cent higher. although neither stock las been
granted a quotation at the London Stock IN
Change AS a rule the Granger shares were
strong as well as active. in consequence OF the
bright crop prospects. and the rise III Atchls0n
was continued because that line has begun 10
feel the first effects of the abundant harvest
The coal shares were less buOyant than they ought
to have been in view of the excellent
condition of the anthracite coal trade and
the advance in prices which confirms previous
estimates The report of the Newly rk central
Railroad, for the quarter and the fiscal year. was
considered highly satisfactory for il showed that
the company had earned something more than the
dividend it had declared. The ratio Of operating
expenses was raised somewhat. but this increase
NAV have been due III part, TO the acquisition III
March of the Rome WATERFOWL and Ogdenshurg.
The other railroad reports Chat were made public
were in the same direction. The closing active
and strong and generally the last prices were the
best for tie day
THE DAY IN THE BOND MARKET
Although the transactions in Government bonds
were small, the demand was sufficient 10 stiilen
the market, and particularly the currency GS
The last quotations as follows: