New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-16
lex div.
-, oe,>.c pprrrc OF PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.


Friday September l5-p m
Snaculotion in stocks was lifeless. The to'al
transac,ions were nearly as large as they were
Yesterday. Tut even this fact possessed no sig
riGcance. There was, in fact, no real narhc''
On one side There was no pressure OF STOCKS, ooO
an tho other no large sales could nave peeh
eaoct.d without substantial concessions III prices
The movement was downward and III one vi
two stocks which have recently been adNahc'u
il is safe to say that realizaions were a''einp'e"
without magnificent success Inc hidrhcV WOO
;auorood hv diverse causes The hope that
1o,,ress would repeal the present silver Id"
sooms doomed TO he disappointed and, OF
coursa. th, terms of the compromise nave no.
vet been arranged. defeat OF the repeal o'i
may have the greatest effect on SPECULATIVE
markets. and in the uncertainty about hnahc'al
legislation even professional traders are lhclihcu
10 be extremely cautious. HE retirement vi
nearly s., 600 900 Clearing House loan cef'ii'a"S
ought 10 hive been distinct dement,, put II WIS
well understood that the LankS re'iilhS ''l'",
were only those which had never III"
use for them. Such cancellations cannot dc
considered rcassuring, Mcause they could Dr. made
much larger at any time. what Is "ah'co !"
this direction is proof that banks when ac'uaiy
reoui,ed assistance either for themselves or their
ri emerging lIOiil tli'i
The first issues of loan certificates were made LOT
nnfely sentimental reasons, but II Is uoup.iui
II rctircments will have an equal influence, unless
thov indicate a decided change in the CONNER
cjal and financial situation.
The course of prices was suggislly downward
ST. Paul declined 3-S per cent to oOa0o 10, al
though the usual quarterly dividend was declared
Yesterday. and Rock Island, which was less active
and consequently less depressed lost large lrac-
tion. although its regular dividend was announced
to-day Union Pacific closed only IA per cent
lower. although the July statement showed loss
in net earnings of about $4,000. finai Naria-
lions were generally declines of La per cent ana
tho closing was heavy at about the bottom prices.
The small business was not well distributed
THE DAY IN THE BOND MARKET
The business in Government bonds at the
Stock Exchange was limited TO 81 900 registered
As nj 40 H. The market remained compare
"'''' '''' pa Asked Ed.Assed.
continued at 49, r'S' 'r o. 1917 i06 -
S 4. ;$ ':i H. IL +: sS: 'ff
State issues were wholly neglected, ana tne
only sale of city bank stocks was 1rade'men
(25j at 100. ...., 80 mn
teria change in prices Atchison as closed II
Der cent higher at "a IA. but A" seconds were
dull and barely steady at AZ -. Chicago ana
Northern Pacific lrsts fell Is per cent 10
4s IT, l.s. and Northern Pacific consOls Il per
rSHs Kick Island ssepsoH $ lost Large
fraction at "a IL. Philadelphia and Reading IS
sues were quiet and lower, general mortgage ~
beinc | per cent lower at 90, and incomes about
l2 per cent lower. seconds al 22 and thirds at "a.
Union Pacific collateral trust notes were per
cent lower at 50. The market was heavy IN
tone but the largest declines were suffered py
special ssues. Reference is made to our iuii re-
port OF bond sales. .
Renewals were at the higher figure. and the bulk
of the new business at 3a3 l-2 per cent Last
loans were made at the bottom rate.
The Clearing House statement was as follows !:
Exchanges. S7OG09,2S balances, S4,2O2,s'O:
The Su6-Ireasury was debtor 10 the Clearing
Uonse Ss79s59 The business OF the Sub-Iras-
my for the week ended tonight includes receipts
of Sl431I,j 800 and payments OF Hl3 s,9i ;
leaving the general balance SJs, 0|',46O, against
$500, 6O7 on September s, an apparent JOSS oi
sl,4O7,l4l. Bnt deductne from ',e paH,1' anS
lar items which affect only its accounts
with the general Treasury, its oss az affecting the
banks is only $io3,l4l, and TINS rSaLt includes
receipts of S48, 900 for payment AZ other points.
To-day's operations included Receipts. S2,224, =
!99: payments S?%s69j3, WIN n,r,o balances o'
The Treasury fixed "a a cents a. the market
price for silver, but all the small offerings were
above these figures. because none Wa accepted
The United States Treasury at Washington re-
ceiyed to-day $lO6,j35 National bank notes for
redemption. e,,- oc- .ho i,
,onal revenue receipts S3i6,032 and the misccl-
lsrp0us receipts Sl4G,3sI.
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:
Sent a. Sept. Is. Differences
Net gold hand. s3 ls2,1ll s9'4e|oJ Inc S'o''''
Net legal tenders IN
on hand ...... II ol62O1 I-,-p35~s nv 80
Net silver hid. 0ois,OiO o'occ5-i Inv I"''oi
Actual cash the
Treasury Nsulfs
outstanding
certificates .SllJ .Oi1 O2O H1lottp tu5 lhr'
DEPOSITS IN bank. II 335.42T lZ.o39l22 Inc -V-c'"