New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-18
c,os,yc PRICES or PHILADELPHIA STOCKS
NLOSlNV fRiN'f.' - Il O..
WHAT WAS DONE IN STOCKS.

v.
Philadelphia and Reading engrosseu' III ''s
measure speculative attention to-day !" ''o
stock the transactions were more ''di ""'
fourth of the total business, ana al'ei /" IAN Va
oib per cent, the price rallied only snlaii i'"O
ton The income bonds were ePuaH! "'"''
and they declined 2is and "a per CENT anu
ended virtually at their lowest Hs"c' iS
,,ro,oxt for the movement was the report by an
expert accountant employed by the bohuhoiuei'
committees The report has not been pub
Usbed h,t was read to the committees yestcr-
dav and in some respects il is understood TO
be an unfayorabe showing II ought TO nave
been logically concluded from its acknowledged
bankruptcy that the company was IN heeu "A
money. but the stock and income bond holders
annear suddenly 10 have awakened TO the fact
that they mus, furnish the fresh capita! II they
would preserve what equitable rights they now
possess While the accountants hgures nave
NOT boon made public II is well understood That
he estimates the company requirements AT NOT
less than Sl 600 and TO raise TINS sum IL WIZ
be necessary to levy heavy assessments on the
stock and income bonds. while IL is posslD,c
that the holders OF the general mortgage Dohus
may be asked TO fund their interest 'ouPoI'
for few years. II these estimates are APP
proximately correct. and there Is no reason 70
doubt their accuracy. the value or the STOCK
and Junior securities must BE- conaldered Hs"y
mathematical, and Il foreclosure by no means
so remote Il possibility az friends OF the com
many have steadily maintained. The result OF
disinterested examination brings out ceaily 'iV
speculative infamy Of the declaration OF inter
est on the income bonds only ten months ago.
Reducing the business In Reading 10 fun STOCK
Sugar Refining and -. Paul surpassed u IN
activity. The first strong unti afternoon
when toward the close 1t yielded with remark
able ease and closed heavy at a loss OF IA per
cent ST. Paul wavercd within range OF less
than per cent and ended absolutely without
change II is worthy Of notice that the tH'te
stocks already named contributed consldcrao'y
more than one-haf OF the total business. ana
that with two others. Chicago Gas and Chica@o'
Burlington and Quincy, more tnan threc-I""ithT.
Final changes were divided but the declines
were more important than the tne hnNahors,
which small and conhned, Win the S'ltie
execution of Chicago Gas, 10 inactive STOCKS.
In the unlisted department. American IoDacco
common fell ~ per cent on sales Of httle over
1000 shares and apparently more "Du'd nav
been offered If the market had been In Il H"ou
to absorb IT, The closing was steady al
slie.ht recovery from the lowest figures.
THE DAY IN THE BOND MARKET.
There were no transactions In Government
bonds at the Stock Exchange but the mario
US strong In tone. ana bids for Is were
raised !. per cent. Final quoiations were as
follows: - ~ MD ,gA
:, r.. 1891 Bid Asked rs cprc. ,sss IS N ~
continued at ! -.cuI.CS ~, is,". i 49,, 80.
rs s SO rcgli2; ~ SsaI.g. I Iss
$500 Ds.coi s,os i iSSooii.iiii's lie
Among state issues the transactions included
Alabama class A. at 9S, and Virginia deierrcu
Cs at G7s and l. VI Guy pdiih ''o'no -''''''
sold az at 1870. 40
The general bond market was somewhat more
active than it was YESTERDAY but r@p no e,
foco valre The feature Of the market was inc
activity and weakness OF PhiIadephit anu
! Reading issues. General As were quiet ana
| only a. off at Il, but incomes were pressed Tor
| sale and fell 21sm2H per cent. The iirstb ieii
| TO a. and closed at @iA, seconds to Z"'s
| and thirds to IL and 49,. Other final declines
were insignificant and generally unworthy Oh
notice The common movement Of prices was
upward but in most issues the trading was
extremely light. Atchison general As advanced
| IL ner cent TO 7OA, while a. seconds were ut
teriy ignored Chicago. Burlington and Quincy
Is gained u at 12O after selling at l2O12, but
| debcnture IS were dull and unchanged at 97M.
| Northern Pacific consol IS were in apparent de-
mani closin. at an advance Of y per cent at
! 81 but Chicago and Northern Pacific hrsts
| were a small fraction lower at 4Jis. Gains OF
| from I Ia nearly 9 per cent recorded by
! sneciaI issues and on small transactions Wis
! consln Central firsts were Z per cent higher AT
rs. Reference Is made TO our full report oil
bond sales
| ner cent and although loans extend over three
days the bulk Of the new business was at the
| lover rate.
The Clearing House statement was as follows:
Exchanges. 1921. 1885, balances. $1,l0).7G5.
| The ub-Treasury was debtor to the Clearing
House 81. O32 800. The business OF the Sub-Treas-
CT 21ll7.3s1. and payments of sl77Sl599 lcayin:
the general balance $S3 39359l against SS0,057, sos
on November 10. an apparent gain Of 1885,. 1872
| But deducting from the payments S2.2l5.000. and
from the receipts So 800 900 for Items which affect
only its account with the general Treasury
its loss as affecting the banks is $3.50 2ls and
this result does not include deposits of $3.50 O0C
for payment at other points.
| To-day's operations included: Receipts 81, Gel :
G3l: payments. 81 1863. O49. with balances of $751;
S2S2S4 coin and 1928 Sos. 307 currency.
The United states Treasury Washington
received to-day 1861, s72 National Bank notes fol-
redemption.
The customs receipts were sAiS.so7. the inter
nal revenue receipts s43l.370. and the misce
laneous receipts sl33.H3.
To-day's Washington Treasury statement OF
cash on hand and deposits in bank compare:
with the figures Of the last previous statement
az follows:
Nc. gold hnn1 49,, 0S9l SS)'0'jI Inc. 1913 s0
N ca hard s7i6s4i $3.50 o7o Dec 1877 79
| Ne. silver on hd U357so6 G,1s7,Il9 Dec. l70Cs
| -
! Aefral cash In the
| treasury wants
| over outstanding ., mo- -, - .s
certificates RoJOlcrss 81 600 nrc s,,.'S
Depos.ts IN bank. i2:s3''o' II'o'o,o%o Dec i'2ao
..a, hal sio7 $40 oe5 sIo7 $50 sst De- s405 al
The foreign exchanges were iairiy active AM
| again materially hlghcr, III m"s goo