New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-02
CLOSING PRICES OF rnILADELrnA STOCKS
WHAT WAS DONE II STOCKS.

Monday. Feb Up. IN.
The trading element was allowed TO have control
of values to-day. 1t succeeded in establishing IA
generally lower level, and, in the important
instances where activity was shown the declin-s
were material The pressure began at the opening
and after an unsettled condition was effected the
rallies were faiat-hearted. That the loses were
due TO bcarish operations was commonly conceded,
for much selling donc by brokers often en-
ployed by the operator or died IN the popular
mind with being pre-cmincnt on the short side.
The dealings III Louisville and Nashville were only
onchalf these in Atchson. which led the market,
but the latter's decline from 40 rs to 80 la
20 3 a. must have been intended 10 allow covering
in Louisville, for that stock scored net loss Of
only 3-s per cent 1t opened uL II at Il 3-S, and
rose to "A "a, in response to higher quotations
from London. amid an otherwise generally easier
foreign market, but the suggestion Of manipula
ton from New-York should be repuliatcd. The
figures Of the December report Of earnings were
possibly known in London before their publication
here to-day: they show decrease Of S20,ll4 from
500 and Of S41.71O from 1889. Louisville and
Nashville declined from II 81 10 1Ja'3 IL. but
the peculiarly unfortunate situation at the South
should not be counted against the strong con-
dtions which prevail in the main.
AtchisOn's drop Of Is pr cent NAY nave bech
due TO cruel rumOrs OF default IN IN
tercst but trivial and inadycrtcnt de
lay of few minutes in tie deposit
Of funds TO meet the current interest on inc
Colorado Midland bonds seems 70 have hecn The
only pIctext for the reports NotwlthstahGlhg th1
prompt denial, the weakness in Atchl,on continued
10 the close The decline of about per cent III
the Changers may have been sympathetic, although
Purlingtons report for December was somewhat
disappointing and there are conlllctihS reports as
to whether the Kansas roads will accept without
litigation the reduction III rates ordcfca oy 'hc
Railroad Commissioners OF that State, The trunk
| Inc shares could not really be called weak, even
though the Chicago east-bound shipments ol 30
ST. tons last week compare with statements oi
lOj4s6, of ,Os6; and of l4i ,j4J tons for the
three preceding weeks respectively, g0lnI pack u
thu weeks figures reported on January J. nc pear.
utilized the further break of over per cent IN
Distiling and Cattle Feeding to magnify the pos
sc danger of the industrial stocks 10 the standard
list when il is known that the depression IN
the property named is due not TO any change III
| It's prosperity or prospects, but 10 manipulation
| inspired at Chicago. The only support 10 tnc
bear theory drop Of | IL per cent IN
American Sugar Refining, which is well-rcpntcd u
! bc at the mercy OF inside thimbe-rgelng.
The depression in the price OF silver served 10
stimulate diSquieting talk with regard TO The
problem of dealing with the white metal The
further material advance in. foreign exchange
! quotations eXcrtcd some legitimate influence Oh
the days operations For the moment tnc spccuIa-
ton put aside the growing earning powers OF
American railways, and the plethora OF idle money
which insures investments III sound securities
but although the close may be called unsettled and
feverish the market did not suffer from pressure
Of long stocks.
THE DAY IN THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange and there no change IL quotations,
which closed as follows ..-.-.....-..-.