New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-11
CLOSING PRICES or PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Monday April lO-p. m.
The stock market continues 70 Look to manipn-
lation instead of actual facts, for its inspiration
1t was dull in defiance Of the confirmation of tho
heavy gold exports predicted last week. and three
quarters of the light trading done was in eight
stocks four of them belonging 70 The industrial
group. The industrial Shares may be cast OFT
Of consideration in measuring the temper OF cltl-
mate speculation. American Sugar Refining was
the most active stock, but il closed down rs per
cent Chicago Gas declined from OIL 3-4 TO
90 l-4a0O 3-S, and National Corlage sold from
Gs 10 to SC l-2a67 l-2. In contrast with th"s"
properties, which pay substantial dividends, DIS
tlling and Cattle Feeding rose to 32 is. and at
the end held net gain Of 3-S per cent at 81 Is
II must be inferred, according TO Wall Streets
prevailing standards, that insiders may have
sold the first three stocks and bought thc last
named. There was no news to cause such nuctI-
aticns, and surely investment buyers make no dis
elimination OF tho kind.
Tho leaders In the railway list were not 81
cratic in their movements Reading is lower on
Gus enough to expose, with the assistancr Of III"
courts, the actual condition Of the cpn'pIny s
finances and the delinqgencies Of ,nanns"m m
York and Ncw-England is trivial under the cir
cumstanccs ST. Paul lost the same fraction tia.
MeWEnsland lost but it mod only , in himGny
Of London Richmond Terminal enjoyed q small
advance on considerable activity, because the an
nounoemcnt OF the Drexcl-Morgan plan Of re-
organization is understood to be near at hand
The sharp rise in Manhattan and Pullman
Palace Car was due TO special causes.
Tho market hesltatea to-day more because Of
the uncertainty 10 the future action Of manipn-
latiOn than out Of consideration Of the actual
news. Therc will be S3,j00000 gold shipped 70
morrow, and nearly the cntiro amount was with,
drawn from the Sub-Irrasury. The predictions oil
equally heavy exports late in the week are pre-
mature, for an advance in money rates might
check them. Chicago castbound dead freight ship.
the previous week, and Of the corresponding
week year ago These figures are considered
immaterial, in view OF the heavy w"stbound
movement. and few. persons expect that there
will be many unsold exhibits at the Chicago
Worlds Fair to be carried back by the railroads
free of charge. The stock NOR ket closed with n,
out knowledge az 10 the Official crop report OF
the Agricultural Department That report places
the condition Of winter wheat on April at a.
per cent, against Sl2 in April, 1892. The condl-
ton is lower than at any time at This season
since April, 1885, when the condition was 20
per cent Only in exceptional years has the April
condition been improved upon at the harvest ana
this season the dry weather has helped further
70 re.ard the development of the plant.
THE DAY IN THE BOND MARKET.
Government bonds at the Stock Exchange were
unusually active for the As, the registered selling
"A Nor cent below the asking price, and the
coup6n issues Is below the asking price. Quota
lions were unchanged at the close. except for
the per cents, for which the bids were rc1uccd
I-2 per cent Following arc the maj q"osa''ons
u;;.ssa. I'd; .s'' vs. ss:s 'sssI$s
f, i i: Sc @ I:S''
State bonds and city bank stocks alike were
neglected. .,;nh,,,. rorc
active but the tendency Of vahics was downward
On moderate sales Reading issues were iow','
general mortgage Is failing - per cent 10 -
6rs, preference incomes 3-S TO As IA. thlrds "a
m "a rs and deferred incomes IL per cent ~
10 Southwestern securities were frac'lonaiiS
lower. Richmond Terminal 6s and os were up !
ncr cent at 80 l-2 and AZ l-2 respectively, VI
Tho nrosppct of news from the reorgahlZatloh
scheme Reference Is made to our full report Vi
bond sales . ~, -. A.. o No,
rt hnt there were early exceptions az 0 per
cent and that figure was the closing quotation
The Clearing House statement was a. follows
Exchanges $s4. balances, SI,soS9i,o narnc
uousc Ss42.o0O Its net loss on balance since
Friday was $73o,O7o, made up by loss s OF 20,
1851 in coin M, %n" suHs gam opera,Sns included
Receipts ss4sS,2oe payments S92 s,SSS d re-
MINI In n general balance OF xo?,s4O. 90. con-
sssims Of $7i,iso4s2 coin and $a''o'o''9S cur
T6Sc Treasury purchased 10000 ounces OF silver
-. n,;ces ranging from S34O to s340 me !o'ai
amour. y. .h" rejected bids were not made known
Free Safe DpSsh a @Sms ?" @
cry irPo, tiacatcs amounting TO 414.G2l ounces
sannnY4r Giied States Treasury AT Washington re-
., Inc to.tlay siss,0O2 National bank notes Iof
redemption. oo,nts WIRE s553.1I4. the in
Inc cus,c receipts 81 0s0,626, and the ms
cclIaneoas re%Sc apshnson Treasury statement Of
To-day and deposits in banks compares
cash q, lieu" cnres Of the last previous statement
as follows ,o n,e.enees
hand s nS2 "a, 500 sidS, sio.05e Inc soS'oo'
Net less.'ender. ,o.o.olo7 lsooo'sss Dec ss''S''