New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-16
Total for months $3.50 CPS e22i oil oo5 so o3i pa
WHAT WAS DONE II STOCKS.


A sham shrinlSage in business resulted in higher
prices for stocks. An illustrious example was
Supplied by philadelphia and Reading which
YESTERDAY lost s8 per cent o" salss OF a0Gu
Shares pSa 'e"' The decline was said to be due
chiefly 70 selling for the short account. and, logic
ally, il must be admitted that at any advance the
stock WAS supplied with great freedom. IL was
rumored that interest on the income bonds might
be paid in scrip instead ct casn OUT a tb ,ne
oe,tion was merely a fceler" The earnings re-
ported by the company are sufficient TO pay INC
terms OF the indenturc compel tho payment OF
ipterest IL il has been earned. II the COMPANY
does not pay the interest in full ard in cash II
must acknowledge that its reports Of earnings
have been false, or that the money hos been spent
in Improvement OF the property; 1t Is entrcN
safe 70 say that income bondholders Will accept
scrip only after vigorous protest II Is almost q
military necessity that the company should meet
lis obligations promptly and in full. II II should
not do 90 il might bc inferred that the anthracite
coal combination wac IallIe n,o ..aI ,r r
10 distract attention from the company itsclf
The stock market closed strong and alrnns'
buoyant NJ about the highest figures. sugar re
lining and one or two other Industrial stocks
rsined about 2 per cent and final ADVANCES o,
over per cent. were, recorded ny l"nisvl'e nmo
lions the final gains were fractional The trading
was professional AID the market showed no signs
Of n broadening tendency.
THE DAY IN TUE D)ND MnhhFi.
There were no Transactions In Government honds
~ the stock Exchange, and 4s lost the improve
ment made yesterday. The market was hot weak
however, al thcsc closing quotations;
u.s..slsol scrSS,',,ss9999 ' iI1 800
Ts:: ( Is, ,S Is. :. iS''i'' -,
Among state issues there a moderate busi-
mess in Alabama, class j, at LOG, ana III AtKs S -
20 Issued TO the Little Rock, Pine jinh ana NOV"
orleans Railroad at Is. There were no ea.'S VI
Tho general bond market was irregular Thia-
dolpha and Reading issres gained - per GEN. ,
AID q lew specialties gained as much az per cent
rnvas and Pacinc frsts end seconds wrrc hcaNN,
hut they lost only small fraction, ana thc l9r2p"
decline was per cont In Genera Eicctlrc dcpcil-
,nrc - which closed Mt o.. Reference ~ hlade
% our full report of bond sales
" T H ruling rate for call loans was . per cent
close at per cent Time lonns were easier. "mI
On GOOD colatcrals they were negotlopic AT PER
cent for four months. ,. una os foilo,ys g.
rxchanecr SI6I ,2so,64'; balances, s6,oS2io-I;
Tie Sub-1rasnry was debtor 10 tlG Sr', ~
SoIG's7o, made mp By losses OF SG4e,sls III cotu
ana s21O.552 in currency. The days opera
s sinns inclTdcn: Receipts, s3,o7O,Sl5 payments,
"a oac 0sj: resulting in genera Dnftncc ~,
g. "a sg3 3s4, consisting Of Sl0oos''o1' com AL"
S5s74,34l currency. - --.. 81. voshirc,on r.
ihe United States Treasury q, Masn'ne. .o. ~
c.ivcd today S3o3,70G National Dahk ho'es '''
o on"tcrs receipts were 800 he infernal
,.,lc"ue receipts eI11 400, and the iMicciia''eous
r. ToG:day's Washington Treasury statement Of