New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-13
CLOSING PRICES or PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.
Monday, September l2--p.

|
Depression was general at the Stock Exchange
! today, and the declines fairly uniform
| The movement of values lacked thai irregularlty
| which often is derived from special ball manlpn-
| lations or from particular bear demonstrations
designed TO protect retreat Of the short interest
| The course Of the stock market was steadily
downward. and while efforts were made at tunes
10 effect O rally, the persistent offerings OF STOCK
ouicklv terminated them, so that last prices were
| practically the lowest Of the day. An attempt
to disguise the fact that some speculative holders
| had been tired out would probably have been
! futile International stocks were weak, but thelr
losses were cqualled by shares that depend upon
a home constituency and the industrial group
was so heavy that even the work OF advancing
Sugar Refining was abandoned before the close.
| The net less Of Sugar measured by frac-
ton but most of the industrial stocks fell la2
| per cent.
The market suffered from no particularly new
DEVELOPMENT of an unfavorable character. The
| Government crop report for September was adj
vancrd as an excuse for the depression IN tie
! Western shares. Yet il has been evident LOT some
time that the agricultural yield Of the country
would he materially below the great production
of Last year Were railroad rates relieved OF the
! REORGANIZATION that now ahlictS them perhaps
| less apprehension might exist as to th' chhWHr
of the returns Of earnings for the next few months
The cholera question has become largely one OF
discussion of quarantine METHODS ana Iil' ST.
! as a whole IS still 10 be convinced OF the l1r-
reaching effect Of the interruption to commerce;
The engagement Of gold for export was small
one-only $500 OO0-but 1t had some influence, be-
cause ii is feared forcrunncr OF POSSIBLY hcaV-
Ter shipments later In the week. The speculation
was without consolation from London, which sold
stocks and sent lower quotations ana adVics OF
an unsettled financial sentiment. 80
l., Two local movements were not without inHu-
cnce The fall in Western Union lent color 10
I ~. u,,-l,I tlnf
will be no extra distribution OF profits e. stock
holders authorized by the directors this week The
stock was comparatively active, and the sales were
credited to disappointed holders Philadclphlh ana
Reading showed weakness coincident with rumorS
that 10 happy compromise could I've looked Tor be-
tween the management and dissatisfied employees.
II would hardly seem probable, however, that the
company should invite strike when ii has Just
prepared iteelf for controversy over conl tolls
with the PENNSYLVANIA Railroad One item OF news
that received little comment was the refusal OF
a number of the trunk lines TO carry nimlgihnt
traffic under present conditions. But the stlii
rates of money have led Ia some discussion an
10 the possible effect of "a termination OF the sum
mcrs extreme ease in loanabe funds.
The total record of transactions was not
noticeaby large one. But the late trading was
fairly active, and the market closed weak
THE DAY IN THE BOND MARKET
Government bonds were neglected at the Stock
Exchange. The market was steady, with final
quotations unchanged IA follows
Bid Asked. ~ ,ooo ,Beln, Asked
,inu.d 2 C.S.cur. O., 1897 liz
::.' + : :
There were no dealings in State bonds. Sales
Of bank stocks were confined to Western National
| 800 at 121, American Exchange uOl at l5o IL,
and Bank Of Commerce uo) a. 1876. ..,
variety Of issues was dealt III IN the genera
bond market but the total record was small line
| Tendency .of values was almost universally down.
ward Reading second preference incomes uc-
ciped IS per cent to 81 and the BIDS ga TO
os Atchson incomes fell "a per cent 70 % ~,
cent TO IS l-2. The Texas and Paciiic Issues dc-
cfned 1884 per cent and Kansas ana ieAas IS
are "a per cent lower OF 70 l-2. Detroit; Mar,
ouette and Mackinsw land grants advanced | ~
per cent to 40 12 and Savannah ana western
iirsts rose per cent TO 60 oregon iIproue nt n,
6rsts on moderate sales improved IS per cent 10
I03l-2 The market closed dun ana heivy'
reference is made to full report of bond sales.
Money on call was firm at 4a hstyc per c the e exo
treme figures aud the lowest rate being eXcep-
The Clearing House statement was as follows
Exchanges 81 ,s0l 0sI balances. ~ 80,
IIouse S27e.s62 Its net loss on BALANCE since me.
Friday was sG4 made Up Sy ,S'S in o' Currency
Tic r. twb days' operations included Receipts 81,
d5i 800: payments, S50l5,566: resulting III a
general balance of S132,9il 81, consisting OF
sI1o 7lqTsI coin and S2O.l9s,S96 currency. 81,
The Treasury purchased 100000 ounces OIL sii-
yer bullion at prcer ranging from So oo3
o"r The Mercantile Safe Deposit Company
ou ,o an hand 10 secure outstanding certificates
;1nr hniiion 10 the amount of l,94s,744 ounces,
o., increase Of 003 ounces.
coivnd today SIs3,7so National bank notes for
| redemption. oxo G, o1xo7s ,bo in.
The customs receipts we're 81? Sl".o1s, s"e m
ternal revenue receipts Sgo4,oI' anu III" His
cellaneons receipts SS6,67a ,
Toays Washington Treasury of cash
,ho Gom,cs Of the last previous statement as
follows: o.. ~ Can, % nce,snces
a. ,. %, h.odsI133ll Oh sIl39f7,5 i1 Inc. $3.50 527
y GU sHa ., ~" On I'd 3l91 80 29l4775 Dec 276,97o
Net legal tenders . or. 49, =, 900 zoo Inc o05 100
hand ...... iA,oot1'' ''''-''oo '"N'
Actual cash In the
Treasury vaults
Ia outstanding so, IN, m, To- sooa eo,
certificates ....S13l lbl III 81 ~
Deposits In bank. ll3'"-o% ii''"o'- '"'' -IV'D'O