New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-06
CLOSING PRICES or PHILADELPHIA srocK>.
WHAT WAS DONE II STOCKS
Tacs1ay, September j-p. II

Tues lay, september '-P' III
A pnely speculative marke; Is aiWays i"' W
eurpli>ps. II was reasonable 10 supp ''' '''
even with the interruption OF h"i"i'N' ''"' w
celcnt bank statement publisher OF 'u'"''
vyould stimulate courage. 1t was certainly
unnatural that in view of the subsequent "'''i
opmcnts the narkc, should again b'com" almost
buovant. il was generally admitted week ago
that the purchase claus of thc Sherman siN'f
lay was virtually repealed. bat trcson" dr.
cussion in the Senate appears only 10 have Dom
bcoun II j. possible that vote III the
Uouse Of rcers~ viii he reacIc! IN mon'n,
bnt the delay makes the result NOR" doubtful.
There Is already talk o! . c"nipr"m's' WIN
may bc even moro d:serac'ipi than that o'
1890. The necessities of III" National treasury
have given birth 10 SON" ridicroHs suggestions.
Tie most STARTLING. because tnc mo't 3Dsnrd am
unauthorized. is that the srlgnlOfaec on p'f-
chase, of silver bullion may b. coined an CO
tificates issued against th" FIAT dollars winch, VI
course. would remain in the irrisnIy ~" ia"
rrovi leg that the gain arising from IN" c"inas
Of silver bullion shall be credited u a sp'rIh
fund. denomnated the silvcr-Wo!it fund. u
,vouid Seem 10 he exceedingly difficult 10 find
in this law any excuse Tor tIir ro n. ,:ot ho.n
iIent IN the mint Suggestions ABOUT
the removal Of the proiibitive, taN on
State hank circulation aic less ri1icui"lls sinp'
because even under National supervision there
could be no uniformity in the value oi the So
ouritics underlying the circulation. III" Wu-
njciDal bonds Of Ncw-iorS City might form =
GOOD basis for state bank notes. but IN some n
The far Western States city bonds ar" NOT so wei
established in public favor, and yet NE rIl"
would have TO he observed. The difference Is
simple enough: Government bonds and Ncw-I ork
CITY bonds are salabe at any moment IN M
open market. II only few days ago th1t
a Stock Exchange house, with Liabilities Of over
800 600 was forced 10 ask III" greatest pos
sbe favor from its creditors bccau'" II wa, over
hurdened with municipal bonds, mostly in the
Eastern States.
In spite OF adverse conditions the market ad-
vanced from the opening, and again closed almost
Iuoyant IL is quite unnecessary To say that IN.
industrial shares were both the strongest and
most active Sugar Refining, Chicago Gas,
GENERAL Electric-they are puppets in the hands
Of skilfuI spectators, bur they lmpart certain
tone 10 the general market. 81. Paul was third
in point OF activity, but its final gain was only
ia Der cent The loss in earnings in the last
month NAV modify the views Of directors about
the dividend, but the other Granger shares were
strong and substantially higher. In fact, the
general movement was uniformly upward. The
buying was largely for the short account, but q
part of this may have been by commission houses
who were frightened into buying back the Sc
curities which few weeks ago they sold without
instructions from their clients.
THE DAY IN THE BOND MARKET.
There were no transactions IN Government bonds
At the Stock Exchange and bids for ~ were re-
duc,d - Der cent. The closing quotations were
Us follows: