New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-11
SILVER
CLOSING PRICES or PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Tuesday, March lO-p. m
The covering of short % tracts yesterday made
the stock market both dull and weak to-day.
The support that is naturally furnished by
large short interest was materially weakened. The
opening firm, however, partly because it was
a continuance Of a smart rally, and chiefly because
the news from London was construed as highly
favorable There is nothing astonishing III the
fact that the European public is not an eager
buyer of American railway securities. The efforts
that have been constantly made in the last few
months to depreciate the effects of the Argentine
troubles may have been somewhat too strenuous.
If the losses that have been sustained by British
spectators in consequence of their ventures In
South America could be restored, there would
be undoubtedly sharp demand for our securities
The losses appear to have been heavy that these
securities are most available because most easily
convertible into money. The reports about the
monetary situation in Europe are just about as re
assuring as the continual increase in the military
force is promise of peace. y comparatively few
millions OF English capital have been Vasted III
South America, the French sunk other millions
in the Panama Canal. The cAtravagaaccs Will
be overcome III time, although they make economy
a present necessity
me opening was strong, if not active. but the
bulk of the business was IN stocks that are known
only by reputation in London The heaviest dealings
were III the Ieddlng Granger Snares Louisville ana
declined and the closing rally, although unusually
spirited, was unable TO overcome the preceding
depression. While the variations were generally
declines they small that they possessed
little meaning. The volume oil business was even
less than it yesterday, and the character or
the trading was not changed. Inc decline In
Atchison stock and bonds may have been
caused by apprehension that the changes In the
firm which successfully achieved its reorganiza-
ton might forebode harm. IL may also have
been merely "A precursor of the railway unl1cat0n
III the Southwest, for which certain large interests
are supposed 10 he striving. The dull and mar
row movements in Missouri Pacific may be slgnlii-
cant in connection with the continued activity ana
weakness in the AtchisOn securities. lhe annual
meeting of the company at 1T. Louis to-day dld
not produce an annual statement Of earnings. ana
subordinate officers Of the company were reported
to have asked permission of the Ncw-i0rk Office
10 publish the figures presented at the meeting
In view Of many efforts In favor OF harmony IT.
might be an Opportune occasion for the president
of the Missouri Pacific to announce that the
subordinates who fiagrantly disregarded his wishes
had been dismissed, and that their SUCCESSORS
would publish the earnings OF the system as often
at least once month
THE DAY IN THE BOND MARKET.
There were no transactions in Government bonds,
but the market firm III tone, and the only
changes in quotations were III the direction OF
higher prices. The last quotations were as fol
lows: