New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-20
CLOSING rR1crs or pmILApELrnIA STOCKS.
WHAT WAS DONE IN STOCKS.


The strength of the stock market to-day was In
the Granger shares. The first prices of 81. Paul,
Burlington and Quincy and Rock Island were
about the lowest, and the final gains III these
stocks were l-2al is per cent. The largest adj
vance was made by Burlington and Quincy on
reported improvement in earnings. there Is d
large short interest in the principal Granger stocks
but the buying appeared 10 be Tor both accounts
As there was no news to affect them, 1t may Dc
barely possible that the advance was specu-
lative manoeuvre t. cover retreat IN Nc"-Eh6-
land, aud one or two spccatieS. Now-En9land
Yielded slowly about IL per cent, although IL
rallied slightly FROM it's lowest point. 1t was
sull the most active stock, and it is worthy Of
notice that the transactions in Ncw-hnsland Read
ING and American Sugar Refining were nearly one
half of the total business The most conspicuous
feature OF the market was the stubborn resistance
offered = bcarsh attacks The principal selling,
of course WAS by the bear faction Their !opeS
were based the coming holidays. and II was
plain that no courageous bear would be satisfied
unless lie was short Of stocks during the inter
rupton of business. In spite Of this selling the
closing was rather strong. and the hnal vafla-
tons generally small gains.
The trading entirely professional, however.
and no fresh interest was displayed by the
European or American public. The exports OF
merchandise in the last week were small, and the
comparative strength Of foreign exchange ana NOT
suggest early imports Of gold. On balance the
Bank of England has suffered heavy losses OF
bullion, and furt her outflow, 1t is expected
will be prevented only by an advance in the rate
of discount. II is tolcraby certain that the bank
will attempt TO check any important reduction
OF its stock OF COLO.
TIE DAY IN THE BOND MARKET
Government bonds continued TO be neglected
at the Stock Exchange, but the market was firm
at these quotations
US 4,9s 1891 con. IU.s.cur0' 1896 1907, -.
unued at per ~ cur 'os 20. ~
SS5 Yss he IIs s b: Gs ss sS s. ii
State issues were less active. The trading was
limited TO small sales of Alabama, class H. al
100 l-2, Arkansas Is nIoiordl at o, and Icnnesree
settlement IS IT - OF city bank stocks Republic
sold 90 at l1j and State (j0j at 120 H.
The business in railway bonds embraced a wide
variety Of issues, but it was small anu feature
less The movement Of prices was downward,
but the final changes were significant. Northern
Pacific cOnsol IS fell Is per cent u ~ IA.
fercd losses Of a large fraction The fir.ts closed
at IS "a, the seconds at 90 1-2 and the thirds
at g. These were in every case the lowest
figures Reference Is made to our full report OF
The rates for call money were not materially
changed. At . per cent there was sharp de-
mand, and good supply. at per cent After
demands had been supplied AZ the Stock Ex-
change the rate fell 10 nominal figures.
The Clearing House statement was as follows:
Exchanges Sl35,s45,o4o: balances go G,s;,
House S3I6,5!s. Its net loss on balance was
S2oG. 33j. made mp 10y losses of Sl3l,Gs7 IN cur
rcncy and S04. G4s in coin The days operations
included: Receipts, S2.s05,3l3: payments,
S3I2l64S: resulting in general balance OF
Sl22.I16,614, consisting of 81 i3,032,s3l coin ana
IS, 513, S43 currency. -,
The Treasury bought $4,000 ounces of silver
bnllion at 50 90 and sc IA cents an ounce. The
Offerings were SD, 900 ounces The Mercantile
Safe Deposit Company Of this city reported
silver bullion on hand .SG3.:S2 ounces.
The United States Treasury at Washington
received to-day Sl44.390 National bank notes for
redemption
The customs receipts were SCI s.l34, the internal
revenue receipts S444,0 and the miscellaneous
receipts S18,620.
To-days Washington Treasury statement OF
cash ON hard and deposits in bank compares with
the figures of the last previous statement as
follows:
Oct. 10. Oct. 10 Dinaenc.s
Nss silver on nd 2.7429O7 ,593 Dec. 425Sli
Ne on i Ssnd 7s4osle 7sos,5Oa Dec. 1909
Actual cash IN the
vaults
csytIhcates sl3S o1oI1c s132 81 5o7 Dec 1927 600
DEPOSITS in bank. IL s0S,71l 11,951,l32 Inc 1891
Ne. cash sl45 Ols 1923 s144 100 $50 Dec s24ols4
The foreign exchanges remained dull but firm.
The difference between demand and 6O-days' bills
,vaS videned further but this simply IN eX-
necfaton Of an advance in the Bank OF England
rate Of discount. Following are quotations for
artnaI business Bankers bills, "a So i-2 and