New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-12
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.


The stock market opened strong ana aitcr q
few sIuroish fluctuations closed materially higher
The largest advances were made by industrial
stocks. and CHICAGO Gas and National Lead game
per cent or more and American Sugar REFINING an
Distillins and Cattle Feeding stocks per cent In
roint of activity. Chicago Gas first, DlSnlllnS
second and National Lead third The industrial
stocks are gradually taking tn" first place III the
market The earnings, which they do not report
regularly are far beyond those made by railway
companies, and to Just this extent the stocks are
desirable investments. IL is to be regretted tha'
no one of the industrial stocks is listed in London.
There is no telling what point these stocks might
touch if only they had an international mark"i.
1t is ridiculous of course, that railway stocks sAouIi
not be filed with the utmost en-
thusiasm The adjournment without date
of the Western Traffic Association was an ar-u-
mcnt in favor of higher prices iJT stocks, Dcciu~'
a new agreement, which ntt'IalN Will '' muc
stronger in every respect Is supposed To- De undr
cor sidcratiOn. The Missouri Pacific VIII wonccr
what terms the Chicago, burlington and Quincy
will accept The Southern Pacific VIII b. III
favor of installations, and Jolnt a1encIcs my
lie supposed 10 BE- established everywhere IN III"
Southwest. When harmony has been iiNc Dee
tween many conflicting interests tie Nrftt
Northern Will lie down with the N0Iihcrl racine,
the Burlington and Quincy and The Rock Island
will he merely branches of the Missouri Pdclhc,
and the matter Of rates VIII De settled Nv wv" or
three men who control the consolidate sNH''nh'
The dissolution of the Western frame AS~ocla-
ton consequently is simply step forward, ana
all the railroads which recently coinpo''d the
association may be- found 10 march III unison
The high rates for money encouraged hopes OF
immediate imports Of gold. They may be followed
by imports of securities.
THE DAY IN THE BOND MARKET
There we're no transactions in Government
bonds, AMI bids for Is were a trliie lower. Inc
closing quotations were a. follows
pid skas IL
U.s41.1s9 l con r. ; cur cs ls9e-l l19
tingcd ct proo, Sou I, g. ~ i ....
usis1967 llt ~ 10 ,.S, 1 llis ,is
Is, g. Sc Gssl5l ' Dis 800 1854
The business in STATE issues was limited 10
small sales of south Carolina non-iundable is AT
A1s The speculation ia the bonds OF the south
crn States appeared TO be passed lhcie were ho
sales of city bank stocks.
The general bond mar ket was too dul 10 De
worthy Of serious attention Chicago and East
Illinois general - gained IN" fraction at 10? 81
and Green Bay, Wmona and 81. Paul incomes closed
per cent higher AT 80 IL lew DINER LII In,
Which were affected by spccia. causes were small
fraction higher, but there was not much II a
market anyway, and the offer of a large block
miIht have changed The current hsureSi hcieT-
cncc il made TO our full report Of bond sale9
Money on call ruled at and per cent, but
after demands had been satisfied the rate fell TO
per cent.
EXCHANGES $l4G.g26,224: balances, SG,399, 500.
The Sub-Trcasury was debtor to IN" Clearing
IIous" 81 49,, 03l. It, net loss on haanc" was
81 ,42O. is4, made up by losses Of Sl,25o,:GG in
currency and 81 50,?lS IN coin. The days opera
tion- included: Receipts. S2,6is,I 2O; payments,
-. OGe 500: resulting in Il general balance of
S123 800. 631, consisting Of $ll3,S-s,lGO coin
and SlO,O1I,41l currency.
Tie Mercantile Safe Deposit Company reported
silver bullion on hand to secure outstanding
certificates at l,7O4,jsJ ounces, a decrease Of
1906
The United States Treasury at Washington
received to-day S26l 1920 National bank notes Tor
redemption.
The customs receipts were 1892, 075, the internal
revenue receipts $4Os, 006, and the miscellaneous
receipts $25.17s
To-day's Washington Treasury statement Of
cash ON hand and deposits in bank compares with
the figures Of the last previous statement as
follows
Net gold on hand s92 35s s!22o2s5lO Inc. 1896 52
Nj SILVER ON ND 3I43slG 2'Ja O65 Dec. 1900
Net legal tenders - 800 . go go, ,,-,-
ell In no