New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-30
CLOSING PRICES OF BOSTON STOCKS.
~ osIyG pRICTS or PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

WHAT WAS DONE IN STOCkS.
Thursday, September 29-p m.
Tho stool, market WAS dull and variable within
narrow limits More than onethird of the busi'
ness was in Philadelphia ard Reading, which
moved I'M and down in an uncertain way, but
closed with an advance Of "a per cent. Inc
August carnirgs of the Reading system were con-
sidcrcd surprisingly good, although there was
every reason why they should not have Dcch pau
There has been a considerable increase IN tne
price of coal, and early in the year it was
calculated with great frequency that an al
vance of even rs cents ton would add over
$40 900, 900 to the profits of the anthracite coal
companies The purpose of the Reading comoi-
nation was to control the production and price.
II is about time that the monthly reports of the
Reading Railroad showed some advantage from
the higher prices of coal, unless it is confessed
that the actual earnings cannot be made pubic
because they might invite hostile legislation Inc
rumOrs of new suits may be dismissed as wholly
irrelevant. There is no danger of the tracks
being torn up on the Fort keahlng'
or any other railroad. even il the franchise
should be declared forfeited. IL is a matter OF
intense interest 10 know what has become OF the
100000 600 which the average advance OF ABOUT
10 cents ton in the price OF coal must nave
brought 10 the producing Companies. IN inc
absence of a better subject the question or net
earnings reported by the railroad companies was
discussed with some freedom. Tie August state
mcnt of the Chicago, Burlington and quincy was
not considered satisfactory, but 1T was made only
on q part of the lire. The report does not i'll
clude the operations Of some 700 miles OF branch
lines which presumably are drag on the system
1t might be well, in every case, 10 take the puoic
into full confidence if it IS expected that the
public will buy the goods that offered
Public interest was conspicuous today only
by its absence. The trading was entirely pro-
fcssional and the only stock which London was
selling M ".
that closed is per cent higher. The iirmncss in
the money market prevented further shipments
of gold but the return flow is no: expected To
set in for several weeks.
THE DAY IN THE BOND MARKET
There were no transactions in Government
bonds. but the MAJ ket firm and bids for one
or two issues wee raised l-s per cent. The
closing quotations woIe as follows:
;ssss Is S Ss3 1899 lGs9
s S. s 'iS
Among State issues Arkansas Is were active and
higher Those issued in aid Of the Little Rock.
Pine Bluff and New-Oiledns Railroad rose nearly
per cent to II %. and seemed to be in demand
at that figure. Hollord funding IS also advanced
from l.? to 0. North Carolina special tax
Chatham Railroad issue-sold at 4. or CITY bank
stocks Commerce sold t25) at l9s. and Fourth
Railway bonds rallied sllartly. although the
transactions were less titan thej were Yesterday.
The upward movement was so general that 1t
would be unjust 10 mention particular changes.
The final gains rarely exceeded a fraction. and the
exceptions to the movement were few aud In
significant. Reference Is rade TO our full report
Money on call ruled at pcr, cent. and the
lowest rate was per cent. and this was made
when the usual demand lad been supplied,
The Clearing House statement was as follows:
Exchanges 81 o. o.. 53G; balances. 5.e09.0Gl
The Sub-Treasury was debtor to the Clearing
House so93, sos It's net loss on balance was
& ptoda IN by
renew less a gain of Sl20.23l in coin. The days
operations incnded: Receipts $2,S23,5o4; pay
mcnts S2.o39. GSs resulting in 2 general balance
Of Sl29,744.552 consisting OF Sll4,280.320 coin
and S15,464 223 currency.
The United States Treasury at Washington re-
ceivcd to-day S2o, Gls National b'nk notes for fe-
The customs receipts were S7s4.43o. the in
ternal revenue receipts S450.l5S and the miscel-
aneous receipts S1l,3'l
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:
Nc. gold on FL rs e Inc
N on h tST ~ 1224a5S 1212i sas Dec 1868
Actual cash in ne
ccrtIdcstos ~ 2s7 sisasfe 567 Inc. $500 800
Deposit, in bank II 1899 1l,35i657 Dec 43os42
Net cash hal sIN 800 7so si14 Goa 22s Dec. s8o5i2
The foreign exchanges quiet without i'm
portant alteration In rates Thursday is always
an off" day. because the next fast mail does not
60 out until Saturday. Following are quotations
Tor actual business Bankers bills, S4.s5 s-4a
"a s6 and 81 s7aS4 81 IA for Iona and short
sterling respectively; French francs BIS 3-4 and
SIG 49, reichmarks, 95 IA and 95 5-S.
FOREIGN MARKETS.
The governors of the Bank OF England at their
weekly meeting made no change In Its minimum
rate OF discount which remains at per cent. In
the week the bank lost E27l 900 bullion and the
proportion Of reserve TO liabilities was lowered
nom 1884 to 49.l3 per cent, against reduction
from 1888 TO Ali per cent In the corresponding
week last year. when the discount rate remained
unchanged at per cent The Bank to-day neither
gained nor lost bullion balance. At the Lon
don Stock Exchange British consoE advanced IA
per cent to 81 ls for both money and the account
In the open market money was dearer at l-2a3-4
pcr cent for demand loans. Bar silver was steady
at 80 l-sd. an ounce. American railway shares
opened dull, but improved steadily, and the clos
ing was without material CONCESSIONS. At Paris
French 3 Der cents were few confines lower at
90 81 l-?, sight exchange on London being again
lower at abs francs 10 the sterling The
weekly statement of the Bank Of France showed
an increase of 2.G75 600 francs in gold and de-
crease OF $4,000 francs In silver
The directors OF the Proctor and Gamble Com
pany have declared the usual quarterly dividend
of 3 pcr cent on the preferred stock, payable at
the office Of a. NJ. Kis,ler & Co, on October Is
The Gallatn National Bank has declared the
regular semi-arnpal dividend Of s per cent, and