New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-23
LOSING PRICES or SAN FRANCISCO STOCKS.
WHAT WAS DONE IN STOCKS.

The abrupt change in the speculative temper
to-day may not I've explained thoroughly by TIE
current influences. Perhaps the patience ol
twenty-four hours more may shed clearer hght on
the impulse that carried the stock market na'eri-
ally higher While the news OF the day need nov
he moderated; it hardly seemed TO excuse the pre-
cipitate retreat Of the lear faction. The fact re-
mains that the only aggression OF the short cle-
mrnt was directed against Ncw-lork and New
England which fell about per cent ahu thcl
recovered u.Ore than half Of the loss Ana who
this stock was feeling the effect OF persistent OIL
ferings, there were skliul efforts III other dliec-
tons TO cover Contracts The late announcement
respecting the decision IN 1eXas fastened L.e pur-
chasing movement. The leader OF the mhrket,
however, was Philadelphia and Reading, WHICH
absorbed about One-thIrd of the total No. ine VI
trading. 10 more than recovered the whole loss
OF last week, and tie other coaiers Followed It's
rise with gains oil ABOUT 2as pr een.. DNhp
pointment that the Buffalo railway strike Lad
not extended may have Influenced buying for the
short account but there is some talk aealu oil
September advance IL coal prices, ana sentiment
may be affected somewhat by the fact that the
ownership OF Reading Is now open TO market
contest for control. Prominent among the buyers
OF Reading today were brokers ,s WHO were CON
spicuous in the raid or last week
The teief ttat the trunk lines have overcome
the strike of the Buffalo switchmen might eN-
plain Erics rise of more than ! per cent or Lake
shore similar gain. lie granger group now
ever made substantial improvements, with III
cago, Rock Island and Pacific III The lead. wifh a
net rise of IA per cent. The industrial shares
also showed renewed strength, and after the adj
vance of 3 l.! per cent in National Lead, com
mon, the striking features were Ia American Sugar
Refining and General Electric stocks. Nor were
The spcca!tics neglected, although the sur IA
New-York. SusuuChapna and Western might
readily be- accepted cOrOllary OF HE advance
in the anthracite shares, If that movement Is ac-
cepted as the result Of trade CONSIDERATIONS
A buoyant tone was developed on the announce,
mept that The United States Court had lhieriercd
10 prevent the virtual cOniiscatien oi railroad
properties by the State Commissioners of Texas
giving ID decision which, IL is said, comedies III
The points contended for by the railroads The
quick rise Of about 2 per cent in Texas ana
Pacific stock and the larger rise in the bonds
measured the expectation VI the street rs regards
the effect on earnings But theory also pre-
vailed that the improvement promised III The
Southwestern situation By the decision mi2ht
change the speculative attitude OF interests tha1
have long been suspected Of indifference or hos
filthy TO an advance. Color was given TO the
theory by the higher prices for Missouri Pachc,
Western Union and Union Pacific. The general
list closed with important gains. ana the market
WAS sanyuine and increasingly active
THE DAY IN THE BOND MARKET
Goyernment bonds were wholly neglected 40
the stool, Exchange, but the market firm
knd unchanged Annexed are the hnal quo
'a'i'ns' RID Asked Bd. A,sea.
O as::s -, !. Sc; HE'S
rs SS iS S' iosis
U.Scur.6s 49, 5.107
There were no transactions in State bonds. The
only dealings in city bank stocks were Ill Bank
of Commerce t4Dl at lJO.
A decided increase in the activity Of the gen
eral bond market brought the Transactions up 10
nearly 81 100000. The feature was the Sharp
advance in the issues affected by the decision
in the Texas railway suit Texas Paciilc seconds
incomes are up u per cent at 81 ~ 1lu tie
lirsts rose IA per cent 10 ~ - MlssDuIl,
Kansas and Texas seconds incomes gained -
per cent at as l-2. ST. Louis and Southwestern
hrsts at 20 and the seconds at ~ u are up
10 per cent There was movement in Reading
securities in harmony with the rise III the stock :
the first preference incomes are ] per cent higher
at ~, the seconds advanced l IA TO 20 "a ana
the thirds are up IL per cent ut Gi "a 'i@h
Bay. Wipona and St. Paul incomes. trust receipts,
were in demG.id at an Improvement OF - per
cent to "a - General Electric dcbenture %
gained the fraction at l0j IL. In" prrNalHhS
tendency of nearly all issues was upward. hel'r-
ence is made TO our full report of bond salr:.,
Money on call ruled flrm at per cent WIN ''
exceptional rate at | IL per cent. -
The Clearing Ilouse statement was was 49, iolo"s
Exchanges, S7I ,934,6ll; balances, $i4s5,437
The Sub-Tr"asury was debtor TO th" le'lin l
House S509426. It's net loss on balance sncc
Friday was $?.5S2 ,90G, made up by Joss OF 80,
l63,l97 in currency. minus a gam OF S3so,2V III
coin. The two days operations included re-
ceipts S6,43g.7Ga payments. S9O22,6'5 result
ing in general balance OF $50 04,i51, clnssNt
of Sll5.sl01G3 coin and S202Sj,2p2 currency
The Treasury received offerings OF s1i ,Voo
ounces OF silver at prices viii Ia were not stated
but purchases we've announced OF 4l5,Oo0 ounces
at prices ranging from $3.50 to 1888 cents. No
more offers will be considered unni september
the months lawful quota Icing filled The Mer,
camille Safe Deposit Company reports on hand
2:0IO29G ounces of silver TO secure outstanding
certificates -,
The United states Treasury at Washington re.
ceived to-day S344,4O5 National bank notes for
redemption. c-o,o, a.. =.
formal revenue receipts S14G,9O7, and the mis-
ccllancous receipts S29,2Sl
To-day's Washington Treasury statement Of
cash on hand and deposits In bank compares with
rho figures Of the last previous statement as
follows:
Not eold on hand Sill 27G Sill G67 Inc. $3il 33
Net Silver on hand 3.7lS,s3G 3,iOl,S6J Dec. 5l2OJ7
Net legal tenders 49,. ..a =. ,..,.. -, am a.,
on hand lf'c'o''Vo io''o~o9" I'M -V''oco
Actual cash In the