New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-21
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE N STOCKS.

Monday February Cop. m.
Stupcndons as were the liquiiations in the stock
and securities OF the Philadelphia and Realm
Railroad in the last two days OF last week. the
process was continued to-day scale without
parallel in the annals Of the Stock Exchange. II
was conducted. too, at a time when the financial
community is deeply concerned in monetary prob
len,s which, while they remain unsolvci. will
tend 10 rcpress investment and speculative buy
ing 10 a minimum. That. under existing circum-
stances the collapse in the values Of Rca lin
stock and bonds should be effected without g"n-
era decentralization is a remarkable tribute - "a"
precautions taken by the brokerage and the in
vcstment community TO protect itself. There J.
TO place in the world where panic usually finds
more infiammabe material than in Wall Street
but to-day's unparalleled transactions pro"e That
its selfpoise has not vet been disinrb". me
announcement that a reccivershp would bc go
cured for Reading was nearly coinci'lent with
the steadying of the stock market after two
morning hours OF extreme excitement and at WY
In thar tine-or within an noun afterwaid-R"a
ing had broken j-S per cent, CARVING WIZ
. 5-sa5 3-s per cent, and Ncw-iork and New
ENGLAND with a decline Of IS per cent. while
Northern Pacific preferred dropped o. ana nn"ii-
can Sugar Refining 2 80 per cont Yet th' cN-
trcme fall in the standard railway list was only
2 per cen: IN Chicago Burlington ami Quincy
an, ,ns n at ' s., sG'e Of hs day. than %
S"oar rallied later and ended actually higher
than on Saturday Ncw-Englnnd rosc almost as
RAPIDLY as il had fallen. and loses not "ny -
ner cent Northern Pacific preferred recovered
i Id from the lowest point; mi snow. a n,,'
decline OF over 4 points. This stock was ~
uenced Independently by .% ,o" oT t rrpjrt
of the stockholders committee OF inN">uphllnn'
arraigning with severity the inancinl mahdsc-
The ordinary prccedents Of the Stock Exchange
sbould call for some check TO q decline such -
Reading has suffered in the last three ons'l's.
DAYS even though it Were que 10 ' tGis Instance
the future will doubtless depend upon the Icrel-
opments attending the rcccivrrhhip pIorrreuInes,
I'non the disclosure Of the actual CONDITION OF
Readings finances will hinge the speculative anu
investment attitude. The general outlook OF ,n'
anthracite coal trade is admitted 10 w. cHcc,r n
The especially severe winter has reduced s,och
in the hands Of dealers as we'll as inc supply az
tidcwater The weather has compelled q Irs.iIc
ton OF the normal output The aDanuonlicm' '" ~
tho Reading combination, BY "hch PiiIcta VI
coal were. for a time, forced rapidly 10 hgures
that invited internal competition OF an oai
nature was welcome TO o 'he s,,smrns Of the
Pca5ing itself are TO be trusted. il has poem ,
improving it's earning capacity. he hreahing
down of the tooambltious rai.ro sn,n1, mark
des;rable outcome. beside Of which the losses IN
snecuIative circles would be trivial u an .ne
fears that exist toucns de the rnccivorship
NAV prove to BE- blessing in disguise IL rs cod,-
49, +iyoIv casy to correct mistakes OF nlohoHc-
mcnt if they are only errors OF Judgment VI '"'
permanent :, T., % ,norrow,s German
steamer will equal predictions sctt ne tS
"oa,n,a was the weakening IN the Ioielgn w
nharoes which are beginning 10 rcHect !nc rcc ,
Enronean demand for American sccuri,ics CIV Nv
amrrT in money to-day was incidental 10 Sh..in rH
~ loans and TO nervousness iiatuidI 70 we ~
ia,ive excitement Discrimination IN rGeat regal, "
nniiaterais is inevitable. but there was peh,! VI
n"nnev offered on sound stocks at moderate rn,ts'
norss .nct market closed unsettled and irregular,
hut there were numerous sharp icco'e'io' '''
Tue TIFF TIFF DAY IN THE BOND MARKET
r,nHanno Init the closing bids for inc per
don,s We're reduced IA per cent. Following are
the final quotations. MD ....a
u.s:...Iso, , C., G.ss.e"r.ss'i saS .ioas
e: f. IL $s i;
tn STATE bonds there were transactions IN
louisiana consOls at 90. lily "anN S'o'"' WV"
MOI The recorded transactions in the general oTh hn
,oorrct werc about S6.lGO,oo0 par value nmc
,n marx. in Reading and Philadelphia ISSUES
mtnronoiyed the activity. the dealings ia J'' AZ
snc c being moderate headina ssnrI'n ,rerc
fcl, to 17l-4 and at 79 Ia at the Clos on wr
down 2 7-s per cent frst pre",1I"oe s.cnnIs NJ
sitst lost i-2 net thirds at esa5o -.
IT. 10 ncr cent lower Northern Pacinc cohso ,s
declined 2 I-a per cent to 10 ara thicaeo an
northern Pacific irsts fell per cent 10 81 81 tho
nctS 49, hut the market - 3 tulo