New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-27
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.
Monday, June esp. !

Wnal WiS DUNE ~ CiCOhc'
Monday, June esp m.
Speculation was controlled to-day entirely BY
the conditions Of the money market. There Were
no sensational business or bank failures reporssd
while the Stock Exchange was in session. aAA'
the recent movement Of currency to the ineriol
and 10 California has almost wholly ceased. BUD
money on call ruled at higher quotations than
had previously been commanded. and even the \
quoted rates fail TO furnish adequate idea OF
the scarcity Of funds II is generally recognized
that pending the July settlements. stringency
will probably be severe, and hence the buying
mower in the stock market is not only actually
crippled. but the necessities OF the weaker class
OF holders require some sacrifices. The payments
of anticipated Government interest at the Sub
Treasury amounted 10 81 1891 1856. and before the
week closes il is expected that about S6,0Oo,OOo
will have been released Some of the larger ,
corporations are also anticipating July payments,
but this is somewhat Offset by apprehension ~
20 possible default the part of IN" more
necessitous ones. There has been no lnlcatio11
of trouble yet, but even with the machinery
Clearing House certificates in operation AT New
York Philadelphia, Boston and Baltimore the
time money market must remain ar stand
until after July |. and the available supply on
call must temporarily be- contracted.
The stock market did not yield 70 the adverse
conditions without reluctance. but IN The general
Ii lui iaton few shares ESCAPED he lndn.'IiI
croup naturally felt more acu,ely III, disturbance
of credit. and American Sugar Refining loss
3 4. and General Electric per cent In Doth
instances, however. special causes might sunl,e
rose 3-s per cent 70 IS before il began IFS d9wnr
ward conrs, 70 60 and il rallied 10 Cd - show.
ing a net decline of only "a per cent. mere
was more significance in the weakness OF tne
Grancers the international shares AMI some .
snecalfics Chicago Milwaukee, and 81. Pau
was pressed for sale TO 66ao6 IL, against rs ~
o,l Land Ian. "a
ons SELLER The foreign selling in other stocks
was limited. apparently. by the inability % mM
ket considerable stock. but Louisville ana NasW
Xor,hcrn Pacific preferred WAS almost indiherent\
IN its April report of earnings. although uenc.
on fixed charges of Sl69;so' is shown inc Pils'
Tho recent stolidity Of Chicago. Burlington ald
Quincy was somewhat disturbed. the price aS
clininc from SIS SIS 10 81 ,sas5. and ohicaso'
Rack Island and Pacific lost nearly per cent.
Missouri Pacific was without support, opening
jn,yn / per cent al 81 l-2, and falling 10 50 80
81. and Manhattan also suffered a net los, 0!
ra,rlv z per cent The strength and the actua
GAIN in Philadelphia aud Reading We're lne N,.
nir,ble in view of the dilemma presented oyl
Tho failure Of the reorganization plan, lhEoN'S
ing default in interest or large issue VI 1T,
~ anction' The se'ting pr'ssur, in the general
Iist relaxed somewhat in the late dealings, and
while the market closed unsettled, II was al "
ct5vories from the bottom quotatiohs' g,
Tho decentralization in the silver markets W
,d,,cas thar the Indian Government had already
ceased 20 coin silver bullion Tor private arcouI .
hardly PLAYED a part in the days stock specuis
,;nn TIe consequences are not Yet clear 70
more than few observers, and the favora l;,.'
inference was made that this ACTON wohia l.ca y.
tate the rpeal of the Silver Purchase law az al
carly session of the United States Congress
THE DAY IN THE BOND MARKET y
Government bonds were neglected at the StocSf
ExcSancc The market was steady and final I
quotations were unchanged as foiiows'
T. s. 4ss ise & s c"r IS 1872 1872 - IS5 80
continued at eur s' iss9 ,o2 80.
3 So; So: il? F:s If
In State bonds the only sales We're Of Arkansas
- rittle Rock. Pine Bluff and New-Orleans KAN,
road issue at IA. There were no dealings III '''''
hank stocks. :, ,..,.,st
active. but declines were uniform Where ts
changes in prices were important. mon rar,"s
Denver and Gulf iirsts droppcI IL per cent
60 IA and Oregon Short Line ronsois lur1 W.,
Gina and Georgia consolidated js fell :? per zen!
to 80 and Richmond Terminal Collateral tr1st ,;Ss
are down per cent 10 20. ., Ho q, hm, ralliJ
on small transactions TO 60. net loss OF l.? pa
cent Atchison seconds. class ~ declined 81 ~
cent 10 a. and the general Is were barely stts
irsts are down l-2 per cent 10 So Texas "a:
cifc issues fell So for the irsts 70 60 IS ansN
"a per cent for the incomes 10 | 5-s keier'h''J
is made TO our full report of bond sales -, "A. n
Money on call was in active demand win 80
30 per cent the ruling rates There were losm
below these figures. but they were nearly as eS
ceptonal as the business done up TO 40 per cens
The final quotations. when the inquiry hau I'VE
virtually satisfied. were as low as i per CEN,
The Clearing House statement was as t"lo"''
Exchanges SOS. ?O0,i7i; balances. 81, ;sol;
The Sub.Treasury was debtor 10 the Cleaiias
House 81 a64s67. It's net gain on balance Sn.SS
Friday was SSO2,3i5, made up by loss
1901 .OI0 in currency. less IA gain Of Slss,o'+p "a
coin The two days operations covered: h
ccirts So .0s6 payments. S6,543.l3l res9;'s
inc in a general balance of SS6,ts6.422: conss
ing Of s6O5?5i75 coin and currents rrear;
The Mercantile Safe Deposit Company repoosns
silver bullion on hand amounting to 2oo''''
ounces ,..o ~
The United States Treasury at Washington q,
ccived today SllO.05O National bank notes w.
redemption. ,, ,bs IN.
The customs receipts were S565,44,, tnt
ternal revenue receipts S913,O0s, and the "i''3
laneous receipts $36.360. urt n 5
To-day's Washington Treasury statcmsnr
cash on hand and deposits In banks co'P''~