New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-24
cIosrNG PRICES or PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.
r~-:1o,- Eon..p,har ON


Tho demand for Philadelphia and Reading stock
was even more urgent than it was yesterday. If
there has been no arrangement with inc
Pennsylvania Railroad, there must have been an
extraordinary short interest in the stock Inc
president of the Pennsylvania publicly announces
that the policy of that company has not oeeh
changcd and it must be inferred. Therefore, that
the buying was principally for the snort account
The blocks of long stock were absorbed readily
and. at the same time, the price was ADVANCED
The other anthracite coal stocks. which are easily
moved, were in full sympathy with the advance
and special stocks were bid up with Cheerful
unanimity The general market was not nam
buoyant. and the stocks which have an in;crna-
tional market were somewhat depressed. Erie
lost Ia and Louisville and Nashville 3-s per
cent In these the short interest was not large
enough to offset the selling for the long account
FouT-hfths Of Louisville ana ha NaInVif r ,osH
INT this proportion may soon ne
lowered The only stimulus was furnished by
the covering of short contracts the supply Oh
stock was increased ty sales by foreign aud other
holders Rates Of foreign exchange were raised
simply because Europe was inclined TO prefer
money TO the best Of American securities Ihcrc
can be no further exports of gold but there was
much less talk about the return fiow which
usually should have been begun month ago.
Until London ceases to sell securities, there can
re no certainty that gold Will not he exported.
The lack OF merchandise bills was sign Of the
smaller volume Of foreign commerce; which has
been interrupted by the spread OF cholera ne
closing WAS not strong, although the final Varla-
tions were generally advances of nearly per
cent.
TIE DAY IN THE BOND MARKET.
There were no transactions in Government
bonds and quotations were unchanged as follows :
bid Asked BIZ. Asked
Timed AZ % , T p@r U.scur es 1897 liz
T. rs 1907 cou ii4ia iie s.curGs 1889 lI5ia
The business in State issues comprised Arkansas
7s. in aid of the Memphis and Little Rock Rail
road at and North Carol lima special taXIW est,
ern North Carolina Railroad issue-at ana ~
OF city bank stocks Hanover National sold llo) at
Railway bonds were in demand but the largest
advances were made oy the Richmond Terminal
issues, which closed "a per cent higher at
AZ 81, after sales at As l2 for the IS and -
per cent hi cher at ~. after sales at ~ -:
ana Reading incomes were about IL per cent
higher although the last prices were not the higl,
est. Reference is made to our fuli report oil Dohd
Money ON call ruled at Ia per cent but n
large part of the new business was done at 3 per
cent, which was the last rate ,-,,..
Exchanges, S05. i55, 900; balances. S4,5l2,Ooo:,
The Sub-1reasury to-day was debtor 70 the
Clearing !oue s4ss4s Tine m, business ,Nig OF inc inc
cludcs receipts of S16,oOO,sso, and payments Of
SiR,s53, O36 leaving the general balance
27745,0o5 against $l2gSos'oS4 on Sep ncanct
ina from the payments $3,32G,00O and from the
receipts STA, 900 for items which affect only its
accounts with the General Treasury, It's gain a,
includes receipts of 81 o65,o00 for payment at
other points or this sum $225 200 was shipped
direct from this city.
So. 199.fos: payments, S2o63,3;5: with balances
of 81 3,330,253 coin and Sl4,4l5,652 currency.
The Treasury bought 30 200 ounces OF SILVER nfr
offerings amounted TO $1,000 ounces. The Mer-
camille Safe Deposit Company, OF this city, re-
ported bullion on hand TO secure outstanding
certificates ,S30,2l6 ounces, decrease OF
The United States Treasury at Washington
received to-day $l5l,927 National bank notes
The customs receipts were s7s6,22l the internal
revenue receipts $49l,Ooo, and the miscellaneous
'rolday's Washr gton Treasury statement OF
cash on hand and deposits in bank compares
with the figures of the last previous statement
as follows:
,s .; :, ~ Ss D'''SS
N os i Ssnd 1895 90 7sSo Dec sOoOoo
Actual TsnI. cash rs in the
D:: X ssas ~ sc 'i sss't Rs
Net cash bal $40 81 sag si5sos Inc. sI2sooo
The foreign exchanges were firm. There
no fresh supply OF commercial bills while the
demand for remittance was more urgent. Fol
lowing are revised quotations for actual busi,
ness Bankers bills. 81 s. l-2 and 81 So ia and
81 81 for long and short sterling respectively;
French francs. 5.ls is and 81 rs; reichmarks,
g5 IA and % 5-6.
In London British consols were unchanged at
OF for money and the fraction higher at 81 Lie
for the account The Bank OF England gained
CT 0. 600 bullion on balance. In the open mar<e
money ruled at Is per cent for discounts but
was in abundant supply at 1-2 per cent for daily
balances. The price of bar silver remained