New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-09
cxoe,>c pprCrc or pIIII,ADELPHIA STOCKS.
CLOSING IkIt rs VI skod.
WHAT WAS DONE IN STOCKS.

",
pr;cos ~ stocks declined steadily to-day until
near the close. when there was spirlte1 rally
Tho weakness was due to well-qroundcd fears that
exports OF gold Saturday might cNcec'
g.. ooo. 600. II is rather carly il the week I"
fix tl;c figure because maturing sterling loans may
bc renewed the supply of merchandise drafts may
he improved and possibly Europe may be an eager
buytr Of stocks as we'll as bonds before the
sailing hour Of the next specie ship. The out
ward movement OF gold has become 50 large
however, thot the city banks without formal
conference have deemed it necessary 70 reinforce
the Treasury Department. and a dozen of them
more or less. have agreed TO snrrc"alcr a part OF
their holdings of gold in behalf Of the general
welfare. The emergency must have been acute
when This course was without alternative. Inc
banks are largely Interested Of course, in the
maintenaucc OF the currency az par with Soid.
IT is possible that an issue II bonds
under the act 80 resume spccic pay
ments will he made within short tirlc,
but IN any event the action Of the banks. which
is sure - lie general is In the highest degree
encouraging. II ought. perhaps, % nave been
taken before, hut regrets wouid be wasted BE-
cause tbry would be merely matter Of judy
ncnt. Tie Clearing IIouse banks, it may he
said, are constantly feeling the inanca puise. and
their action must he based on solid grounds
Whether an issue of bonds by the Government
for the simple reason OF buying GOLD for pur-
chases of silver bullion will be an advantage 10
the stock market remains 70 be seen; Final vara-
tions to-day were declines. although the closing
was in the midst of a rally. Last prices were
net the lowest but they showed fractional losses
Some Of the industrial shares were specially weak
and Distilling and Cattle Feeding. after rally
of per cont closed 3-S per cent below ~" last
prices Yesterday. The business was well dis
fributcd, however, and the movement Of prices
sufficiently uniform
THE DAY IN TIE BOND MARKET.
n
,nent bonds, and bids for Is were reduced further
70 ner cent without attracting business. The
final quotations were as follows:
Asked Yss en-. g: 49, a':
tiIucd at per c"r S' is,9 iio 49,
:ss1iiI il. :S' li55
The only business in State issues was in Ten Len,
nessec settlement Ss ut 70 ,J S ain a. i"s IT,?
Central '2oj at 1877 IL and az at l4?. New-i ork
tajj at o39 "a. and Western % AT lin: o,;,.o
h,t Tho movement of prices was downward Inc
,,no,tcd transactions were about S2.?3o.oQo
Tie weakness of Philadelphia and LEADING s, m
First incomes fell to &C u? and at 8. - sui
fred loss of 34 per cent SECONDS rt 'O ,n,rny
B and az atsr Sc 80 , were closed % Sft cr los
"p Ger cent AT :: IA Richmond Termna. iss .ns
further declined nearly per cent. me mice.
as rule were iracti9na ana ."r made to our
mil report of bond sales ..,od NJ
Money or call at the Stock ENehnnsr f''f f, ~
Gmre was f.r beyond requirement. ,,,,o,..
Tie U"ari1g House statement .Isac was $ aS:se
~" Sui, Treasuiy WIS debtor Ia me ocarlns
House Its ns y Gain saims on of ss sian IN
Cir and S1Js. 9S3 IN currency me uas "p
tom. included Receipts sAsSsr% pIss" o.
So. $50: resulting in general nsp roin and
The treasury bought 81 ';yo" o,,hS a. To- s5I5
cen,s an n. offerings eo %s,e Company
Tho Ms.S,SS'le silver Sa'' e" oU on nan
Of this o ei CERTIFICATES at ounce.
The T1IS s s..si. !''s Snfion" bank notes
for redemption ,,o,e Sol3.1lO. the in
ternal rey" sri!,,. r Ssa"ss. =,
"rodss Mu:SstSc ..o.i 5sai "a banks Compares