New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-21
,,o.,,,, pp,crs OF PHILADELPHIA STOCKS.
,e,~o PRICES OF CALIFORNIA STOCKS.
WHAT WAS DONE IN STOCKS.

Monday, Marcn 2O-p' H.
Dulncss caused by the lack OF lnVes'"ieh' We
mand. was the principal feature OF 'o-"aS 'oO.
market Easier money rates ana Tue aiiio""
that ONLY a trivial sum of gold would De eNpoi, '
h,, to-morrow's steamer, was expected generahy
10 bring in at least some speculative guy i"s ~
the beginning of the new week But while al 'iiiles
nrcos rnled above Saturdays final quotations the
covering of shorts appeared TO be easily sa''S''u
and there WAS no eager inquiry at the advance
In the late trading the tendency was downwaIu.
although pressure was felt Only Ill pai'iO"'
stocks General buying seems TO De naip II
check by the fear that local hohc,a$ 90 ,dr
continued will revive tho demand oil Europe i9i
rold in settlement Of the large auNcr" I"''
balance. The unsettled affairs OF some Iai i
corporations also furnish cneck TO Gonn nad;
The mails almost continually brlng 10 tiie icauii5
hond houses here testimony TO the unlor'uhd.o
influence upon the foreign investor 0i .ne w. III
tinuance among the receivers Oh 'lc h ~ PniI
and Heading Railroad Of the manager VINO ID ir ne,
rnsnons ibin for the collapse OF the company en- ny
orders to buy bonds which. some time ago, "lI,u
the mails, are replaced by process Tnron,an
McLeod's injurious power in rcprcSslns nulJ Jpdr
confidence and tho result is that only gli'-eus,'u
securities are now negotiable whereas SNORT .ilic
aro a revival of foreign purchases vi 1An'iiN'"
securities In general WAS proml~,' 1900 ,orica,
Tile most active stock to-day was Am'iican
Sugar Refining but after an advance 10 Iva nj
it closed at lo2 H. SHOWING toi m' on although
ony in National Lead were the deciiic9 matt
In the railway list Northern Paclhc prcicric"
commanded large degree OF nl,ci;r'' ,hn sb"rt
interest last week and closed down - PER
cent Rurnors current tlat the P'oposrrd
nlan for the funding of the floating dcbt wOulu
be opposed by the dominant interest III thc man
aoement 1t is TO be regretted that any Iac,ioiidi
controversy should imperil the scheme wicn .he
outside stockholders suggest; II u, ;.a'c "f
funding plan may increase charges by the issuc VI
81 900 600 new collateral trust notes, but inc
company would be relieved OF the embarrassment,
i
of constantly renewing short loans anu !, WIFI
receive needed cash II would seem uh~iSc lof
the management 10 reject feasible plan ior pro-
vidng for the floating debt In view OF me c\i-t
ING financial conditions and prospects; ne colii
on,,'s not earnings in January Including W lScoi-
lin Central decreased SILICA on a larger ml'.r
age than in 1892, and the gross earnings ior ep.
rnarv foil off S477,O07. Competition by the 'I"a'
northern system is steadily increasing, and IT may
nrovo hard to maintain a ratio OF Operating en-
lenses 70 gross earnings OF 90 per cent, III !hc
face of similar perce8Tssgc %, % u I'll ' and
Quincy and 81 per cent on the Atchsol' III
strong interests are prepared 70 lunu ,hc ..oi.n
ern Pacific floating debt the arc'"Ls mn,I"I Uc wen
sarv 10 the welfare of the property
Another weak stock was Missouri ~ Pacific
which declined Sore tnan per e@ ,v, ~" mniay
orable might be replaced by neutrality-suspicious., 'ne
adverse influence relied upon by the bears IN OPP
erations in the general list me mark. sho J"
some revival of bear activity in the final dea-
ms and the closing irregular, but at modcr
nte declines for the majority of stocks.
TIE DAY in THE BOND MARKET
Government bonds were neglected at the Stock
Exchange The market was steady, final quota
t;nns heing unchanged, except for slight adj
vance in the asked price Tor the coupon as as
follows: NJ, .o,ed Rid. Asked
tase: az a; 1 sss con" = &; r.
COW 1*: 3 s ;sfS :5: is
Dis co S-Sj Is9i.rii@ III
In State bonds the sale of one Tennessee settle
mcnt per cent bond at - "a covered the en-
t;ra business There were no transactions in city
bank stocks. ,. 1900 ,u h. . ;do
variety of issues dealt in and the tendency OF
values was downward. Reading general A. de-
clined ga per cent to ~ H. the rsi prei,IcnGGc
lost u per Gent at % anH @ a's
dropped l-2 per cent to 6s. Erie seconds con
soils were active at fall of per cent to 49, with
sales seller 80 days at " l,s cnlcago S sh
sales seller 10 days, at 81 IL; Colorado Midland
Is are off per cent at 81. New ork ana North
eds rose per cm. 10 IS s~ made to o" full
port Of bond sales.
Money on call was easier but the larger part
of the DAYS loans made at per cent. lhc
later business was done down TO per cent and
al the close balances were offered at per cent.
The Clearing House statement was as follows:
Exchanges S71,333,4GG; balances, S4,j31, '9l:
The Snb-IIcasury was debtor TO the Clearing
House, S93s, 15l. Its net loss on balances since
Friday was 81 ,o40ll3. made up by losses OF S3S2-
30 i'm currency and S166JIO in coin. The two
days operations included: Receipts, SG,oo2,453;
pavment, S1,14l,js5; resulting in general bal
ance Of Sg7 67l, IA, consisting Of S176s4,Ol0
coin and 80, 0s7l34 currency.
The Treasury purchased $4,000 ounces Of sill
yer at prices ranging from S2.7j 10 $3.50 ont Of
total offerings of $4,000 ounces. The Mercantile
Safe Deposit Company Of this city reports silver
bullion on hand. 10 redeem outstanding certificates,
amunting 10 4s5,947 ounces. decrease Of Alag
The United States Treasury at Washington re-
ceived to-day $l4s,0s2 National bank notes for
redemption.
The customs receipts were S9i3,534. the in
ternal revenue receipts $6l s.Gs2. and the miscel
aneons rcccipts $3J,Ss9.
lo-days Washington Treasury statement Of
cash on hand and deposits in bank compares
with the figures Of the last previous statement as
follows:
March 1s. March 30 Differences.
gold hand SlO3 G32 92 500 32377 Inc
Net legal-tendets
hand ......... 2ls12.326 2lOSl,1f7 Dec. j.119
Net silver on hand S.033,5O6 SC61,13O Dec. 2J,370
Actual cash In the
Treasury vaults
over outstanding
certificates 1888 SOS so4 sl33 AS O5i Dec $50 40
Deposits bank IL 075 SGS IL PAT $50 Inc 17i,77I
Net cash bal s4f GA co. si44 725 G03 Inc. ISL oO1