New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-19
cros1yc ppIcrS OF pUILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.
Tuesday, October Tsp.


Tho stool, market was depressed to-day by the
froeh LITIGATION. begun in the Court of Chancrry
of Ncw.Jerscy. against the anthracite coal comoi-
nation If the Attorney General of that State
shovld prevail before the court it is possible that
the ReaGine Railroad will be estoppci from SEND
ing coal across New-Jerscy until it has reduced lis
tolls There appears to be little doubt that the
Central Railroad OF New-Jersey has obeyed liter
ely the recent orders OF Chancellor Mculli' ana u
may > assumed. therefore, that the litigation LIS
directed chiefly AGAINST the Reading company
Even if uterlor motives may he cohcealei under i
the action, the efforts to DE htte ~ VIZ nni,S
worthy the mana -cmcnt OF that great corpordtou'
Reading stock opened l.. per cent lower, ana a'ef
insicniicant fluctuations within a rapSc OF cs~
than per cent il closed IA below liz FIRST pIic";
Jersey Central fell over 2 per cent but 1t ralhen
until it's fina1 loss was only Ia per cent 'ic
important decline suffered by New-EhgIahI,
which retained the leadership OF thc marker; ~
ended at about its lowest prioc with loss oil IS
per cent II was not clear that the stock wa al
icctcd by fears that the Reading ana Boston ana
Maine Railroads would be prevented py the new
litigation from holding control OF the STOCK OF
.rakirc traffic alli,nco with tie company lac
dec me must have tctn due Il some other cause
v.licn may have hccn purely s. ccula'ire
here were other uiiaNOrahi" lnilueIc's, H'"-
ever, and among them the IN 1t lmpor ant wa
the rise in the rates of money IN London, Wnlci,
nresa rod an early advance in the Bank OF Englani
rate of discount. The higher rates checked me
incipicnt speculation in American railway securl-
ties. and in fact. encouraged selling in this mar
ket for European account. The M veineht wa
naturally sluggish because Europe holds specC-
lativey a very small amount oil our securities.
The declines in Louisville and Nashville, Ere ~.
Paul and few other stocks which are iarsri iA
held abroad. were due in part, 70 the d9uht ana
hesitation aroused in London DutSldc Ne"-Ehs-
land and a few specialties. the hnal losses w'ic
not more than a fraction, and Northern Paclic
nrrferrnd was conspicuous exception by record
Inc a small gain. The closing was dull at ABOUT
the lowest figures.
TIE DAY IN TIE BOND MARKET.
There were no transactions In Government bohiS'
hut the improvement made yesterday was tuilY
maintained. The closing quotations. were AZ loi-
lows: ,,,, ,s,o, a. A.sea
Us ss Is con Ss@fS i lss ii g 80:
.I$S7 .ss I5l i5
The business in State issues included Arkansas
* UIol1ordi at . IA: South Carolina Is THROW Il
Consolidation at % IL and non-flndahe os r hc
4 - and Tennessee" settlement D AT ". lag
only sale of city bank stocks WAS fouIu' ->"'o''
| go at 200. , -.
The general bond MARKET was less active, but
not Jess incgular. There were no lafg" tian.ac11
| tops in any issue. and for that reason the hnal
variations NAV not be considered significant.
| Rcadnc incomes declined slugeiN!iy II and 1-S
per cent rsts closing at - SECONDS AZ ~ % any
thirds at 81 5-S Northern Pacific corsol . Gained
| the fraction at - IS hut Chicago and Northern
| Pacific Grste at IS lost IL per cent mon n
| ci6c Gs collateral trust notes. dccIln'u -. p''
cent TO % -. OF the Southwestern Issues, Texas
and Pacific seconds advanced - per cent to 81 -
| and Wabash seconds 50 TO 50 -. Reference Is
| made 10 orr full report Of bond sales.
| Money on call ruled stin at q per cent, but n
| considerable mistress was done AT and per
| cent The highest rate was male toward the close:
| but after wants had been supplied the rate Tell
| again 10 per cent.
| The Clearing House statement was az follows
| Exchanges SlGO, 26j1G SO: balances, S7,41S.3l'
| Tie Sub-Trcasurv was debtor to the Clearing
| House S923.3i2. Its net loss on balance was
| S754.9i5, made up by loss Of S1'sll4 IN cur
| yercv less n gain of S23,111 in coin. The dav :
operations included: Receipts, $3,3j5l o. nav
| mcnts S41lO.oI1; resulting in general balance
Of 81 100000. consisting of Sll3,'@',4'9 com
| nj Ss.G15,j3O currency.
| The United states Treasury IT Washington re
ooivcd to-day $234,el7 National bank notes for
| redemption 49,. ,
The customs rcccipts were S3jl 49,, III" inter
nal revenue receipts Sl21,5i3 and the sc'llanc-
Gus receipts Sill, 497.
| To-daY's Washington Treasury statement OF
| cash on hand and deposits in bank compares with
the figures Of the last previous statement az
| follows:
SO, gold on nd sI2s ias So sl23 2G 500 De-.
| Net silver on nd 31l9475 2742o07 Dee. 37o''Cs
| Net legal tenders - o,oo,ou ,oo me-