New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-02
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

The abrupt cessation Of activity in the stock
market furnished fresh evidence that tho heavy
selling Yesterday was chiefly for the short az
count The bear faction evidently followed the
practice of the veteran leader by suspcndnG
operations temporarily for the purpose OF ais
covering if there was any general selling In TINS
latest instance. the experiment was no more saus-
factory than on many previous occasiohs' Inc
market is active and lower under bearlsh at
tacks and active and higher when attempts TO
covcr contracts become energetic Public interest
has not vet been aroused, and declines ial 10
stimulate outside buying, as well a. to dlsiodsc
long stock In other words, the trading was
strictly professional to-day, and, while the maj
variations generally declines. the srIhhe
mower seemed 10 be exhausted. There was no
special reason why the bear faction should not
| have continued it's efforts in behalf OF lower
priccs. The strength of foreign exchange made it
more plain that gold exports can hardly be
! avoided. and il was admitted that the illness OF
| Mr. Gould had become serious. These influences
| were used yesterday in favor OF depression, ana
| 1t is strange that when they are more certain
| they should suddenly lose their potency More
! over. there was an injunction suit against tnc
| w-EnRsnl Railroad brought TO prevent the
| completion Of a contract with the American
! Express Company. while the boycott against the
| Union Pacific Railroad by some OF IT'S Eastern
| connections went into practical operation. lhefe
was consequently no lack of material with which
10 achieve further decline. Inc HESITATION 70
| hack their opinions, which was displayed by the
| advocates Of lower price,, ineXpicable I'M
| less il is admitted that they considered the bet
part Of y4or Ihg o5 ,na' IN Ac6son
| Missouri Pacific, New-England Union Pseihc ana
a few less prominent stocks, and decline OF dDoul
| per cent in Northern Pacitc preferred ana
| Chicago Gas Among the industrial stocks SUGAR
| Refining and Distillcrs' and Cattle Feeders were
active and, with General Electric, they closed
| railway stocks were in Reading. Rock Island ana
| Wheeling and Lake Eric, but they were not above
IA per cent The closing was irreSgap on, bc
ter than the lowest Inc course OF ptices a,i
the temper Of speculation indicated that gola
| exports and other unfavorable events hah Dccn
heavily discounted. 1t was, in fact, waiting
market
THE DAY IN THE BOND MARKET.
Apar. from sale Of $500 coupon As at the
asked price, Government bonds We're neglected
Tho market was inclined TO pe hc1VE' anu o,r'
for the gold issu,s were reduced Ia per cent
The closing quotations were AZ follows:
ria Asked BldA.k,d
USES 1891 con. Se s1. q. 1 ,.ss i 1921.
s.: f.; liz Il; 'iS
Tho bnsinrss in state bonds was not large, but
il nclu &c Aab ma Glass a. OF 20 ArRa p.nr
rs of he Mississippi 0uaehite ana he ,er cent.
Railroad issue az an '1va,oc ~ - or city
|
hanl, stoo,ys Com merce sold 20 al w ~.
Thc General bond market was more active pu'
chiefly in the direction OF ,owo' " "A Erie
ION ~ u nonnn,s lost IS per cent. closing at
Sc.oh' oon' ;ntoroot Northern Pacific consol 3s
pressed for Snlc in a, nr cent At 70. after
selling at SO ga Reading incomes were auii: nr,
fractOpais Ioe5 t ST. LOU" fh ana advances
iaS"en in specal issues. md they were nn'
important The largest gain, was in New ,o IN,
Chicago and St Louis Is. which rose / az CIV Nv
c,nt 10 0s Toledo. st. Louis ana hah5,n ',orast
0rnts o.ucd the fraction at So I-2. cX interest
Rcfcrenee is made to our full report Oh BON" san;
The shifting OF loans incdchtal 10 ', nnonic,ed
ming Of new month having Cali loans ruled
a. : ner cent, ard more business was zone a. = 40,
than at l.? per cent. The last r''e was P''
The Clearing House statement was a. aSlic S"S
The Snb-Trcasury debtor to ,nH Sao", YEA, ,,a
uouse S5A94j7 liz net loss on n1' a e.; o mr
1,o;s 90 made m by a loss Of S194ss2 in cur
rencv less a gain Of S1ss3s IL CON. i ne WY ,
operations included Receipts. S2..It h,,anc,
mcnts S2.71s,:lG: resulting in 30 aio coz coir
90 e. ! 4 40 POS, consisting of Sloo.5l"'o'' 'o''
""T Tbe Mercantile Safe Deposit Compahy repa' ~
silver bullion on hand at .So purchase
Increase of "A, gc2 ounces Government '"'''
WI Tho United States 1rcosury OF Wasn . ~
received to-day Sa4l.5eS Nationa! oahN "o'" ~
lem n"stons receipts were sl.oissol The IN
ternal revenue reocln,s Siol.oo-' anu '''
Today's Washington Treasury s.s' enmnare
oosh on hand and deposits in banks tomp",
with the figures OF the last previous
as follows: noc, Differences
sss on q, j? f. E R::
' ON hand. 49,. o,0os,12o o,1la,loD ''' -
Actual cash in tie