New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-05
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.
Thursday, Aug. 4-p. m.


Thursday, Aug 4-p m.
There was no material change in speculative
conditions today. The market showed no ten
dency 70 broaden and, In fact, the volume of bust
ness was little smaller than il was yesterday
The sl-inkagc was chiefly in the industrial stocks
which were hardly able to hold their own under
the pressure of realizing sales. General Electric
rose exceptionally nearly per cent and retained
the greater part OF the advance. The authorship
of the manipulation il we'll known and the ap-
parent weakness in the other industrial stocks
naturally excited suspicion that the movement
was intended simply 10 make ceiling IN the ,alnc
interest Success In the industrial stocks hangs
q full knowledge of the operations OF a pro
feSsonal speculator. who has rctri wed fortune
through his sklfull management OF these stocks.
While they are interesting and I" som" persons
undoubtedly profitable. the transactions in the
industrial stocks do not make n stock market
The selling for European account was CON
tinued, and further shipments of gold on Ha'ur-
day became inevitable Estimates about me
probable amount were widely different. The ship
ments will be 100000, and they may b. twic"
that sum. The unhappy feature of IL" pro
is afforded or limit fixed. II has been disprovcd
several times in the past two years that Europe
was balcl out Of American securities. II Ira
speculative holdings have been exhausted the
present selling must be trenchng on it, perma-
nent investments. The return OF securities was
accepted with eguanimitv by the stock market.
weakest, bub their final losses were small frac-
lions while the Vanderbilt stocks furnished promi-
ncnt exceptions. Northwest vas unusually active;
and it closed IA higher after an advance OF
nearly ! pcr cent and the Omaha stocks con-
tinued their upward movement. Other spcclaltcs
which attracted attention were Manhattan kail-
way which gained 3-s per cent. ana the Mime
ap0lis and St. Louis stocks, which rose ! and
per cent In spite Of these movements m" clos
ing rather heavy although signify ABOVE
the lowest points.
TIE DAY ~ THE BOND MARKET.
There were again no transactions in Govern
meat bonds az the Stock Exchange but the mar
ket was firm, and bids for some Of the currency
Is were raised Tie closing quotations were "a
'''''"'' Bid. Asked Bd. AsSed.
a.::s /. '1 S9i ysssf g, 1fss -
I5s 1i si. ' io.'s
State issues were neglected because the float
ing supply appeared % be exhausted. ID" sales
of city bank stock embraced an-Amcrlcan
12j at 120, State 10 at IL. ana western
National l!jJ at l22.
The general bond market was dull and irrcgu-
lar. General Electric dcbenturc y ccsed -
per cent higher at IO2 "a after sales at lob.
Missouri Kansas and TcNae Is gained tho froc,
ton al 50 IA, and Wabash S'rc, secured mai
advances Of IA and l-2 per cent Mchisoh IN
comes were Ia lower AT SO u. Lacedc GaA
Light irsts lost II per cen; Of yesterdays IN
proyemcnt and Philadelphia and Reading incomes
ended with losses Of Ia and - per cent. I"\as
Reference is made TO our full report OF BOND
sales.
Money on call ruled at II per cent, bat a
few loans made AT per cent. .
The Clearing House statement was as follows;
Exchanges, S97, o09, O44; balances, SG,3l ESQ.
The Sub-Trcasury debtor to Tie Clearing
House Si03,J10. It's net gain on balance was
SG75, $685. made up hy gains Of $500 IN eur
rency and S24O76 in coin. The days operations
ncladed Receipts n pihy%en' ai
: IN ctnSsfinO of SDS .GGS.2JJ coin ana
So, 6S2, I05 currency.
The United States Treasury at Washington
received to-day Sl4s.ss4 National bank notes Tor
The customs receipts were Sl,Oil,o4a the
internal revenue receipts $500, 062, and the mis-
ccilaneous receipts $3o,oss.
To-dav's Washington Treasury statement OF
cash on hand and deposits in bank compares with
the figures Of the last previous statement as
follows: -
NJ s s5s ss:s5 Be: 5:
N on 'H Saad l2eso224 COG 2o5
Actual cash in the
over outsandiag amt.
posss n bank s5 ''fs ass fs b %
Net cash bal sI4O2I4 $50 $40 52s COG e3os. 1916
The foreign exchanees were dull. bat firm. The
offerings of commercial bills were quickly absorbed
mittance that further shipments Of gold viii bc
made on Saturday. Following are unchanged quo
tationS for actual business BankcrH DIS,
- s7aS4 81 IA and 81 ss Lass 81 l-2 for long
and short sterling respectively; French frame.
} II - and ) Ii j-S; rechmarks, % 3-s and
FOREIGN MARKETS
The governors Of the Bank OF England at their
weekly meeting made no change in its minimum
rate Of discount, whloh remains at per cent.
In the week the bank lost fG2, 900 bullion, but
the proportion Of reserve to liabilities raised
from A.36 TO 44.70 per cent. against an advance
from 43.47 70 43.69 per cent In The corresponding
week last year. when the discount rate was I'M
changed al ~ per cent. The bank today
gained $4,000 bullion on balance. Al the London
Stock Exchange British consols were unchanged
1T % IS for money and 90 1916 for the account.
In the open market rates for money remained
3-4a1-8 per cent for discounts and 10 per cent
for daily balances. Bar silver declined l-IG to
BOD. an ounce. American railway shares. contin-
ned TO decline. although the movement was dull
and slightly irregular At Paris French 3 per
cents advanced 10 99l5. although sight exchange
on London fraction higher NJ 25l6 l-2
francs TO the sterling. The weekly statement
of the Bank Of France showed an increase in Specie
Of $685. francs gold and ,s95, 900 francs
silver
RAILROAD EARNINGS.
BUFFALO. ROCHESTER, AND PI1TSBUEG.
Number OF miles,. soi Soi 3oi