New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-07
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

Thursday, April G-p. m. .
The stock market was again dull and devoi!
Of interesting features. The boon which tol-
lowed the announcement that Mr.. Mel cod had
retired from the management OF the Philadelphia
and Reading Railroad was OF short duration II
was admitted of course, that his resignation tended
to simplify the examination which must br de-
mandcd by all holders oil the stock AMI bonds
Of the company. Ii is immatcIla whether the
company has lost ono or innumerable millions IN
stock spocula:ion 1t has not vet become piinci-
| ME of common law that the names OF crlin'~ NAV
I've changed by the amount in dollars. HE feh' =
ing Railroad j. in the hands OF I'll" courts, an "
is impossible. Therefore. that any mlsAianaecincnt
or abuse Of trust should be overlooked HE re-
ccivers ara bound by their oaths 70 prot .ct TIE
property placed III their charge. The stock mar
ket quickly recognized the fact that even NE
retirement of the president and his hackers did
not increase the earnings OF tie company Inc
| advances in the Gould and Vanderbilt stocks Yes
trrtiay indicated buying for inside interests Ihy
were fairly maintained out they "eTe hoI suii
Gent 10 prevent general decline II - hir"N
possible that the Nanderbilts and Goulds are IN
the habit of changing their minds over nish,,
and perhaps the buying of the stocks W.T., WIFI
| their names identified was oy sEiliul opera-
tors. It is qaitc certain that Europe was d
seller rather than buyer. The demand Tor eN-
change was not urgent, because there VIII De no
fast mail until Saturday, aud IN TACT the export,
OF gold this week are not expected 10 icacn
81 900. 900 The outward movement may become
large at any time. for the trade balance AGAINST
this country is constantly growing, and 1t can
bc counteracted only by purchases OF American
The closing was not strong. although there was
a fractional rally in the final dealings Inc de-
cline. were rarely NOR than nora pei s ce
THE DAY IN THE BOND MARKET
There were again no transactions in Government
| bond. at tho Stock Exchange. Quotations were
unchanged, as follows:
u ;.s s. I'd s .s' IS ' ssis: ,S s@1$
2 Gen.! sst, H., s ss,: IsSSis "
ps * CO.. o. Jus. 1884, iss.. III liz IL 80
I'm State issues there was larger business than
usual. 1t comprised Alabama ciass a a, ipU, am,
.sles. and tennessee settlement IS at - Is for
small bonds and - l-sa1c foi ordinary tiansac-
tions There were no gales Of city bank stocks
The general bond market was somewhat less
active Prices were generally higher, ana, ol
course the decrease in business was due to the
really good bonds which can be obtained read
lis, and for that reason second-rate issues are
again coming to the front. The changes IN Pritc
are not worthy Of notice Reference II iha"c W
our full report of bond sales. m
Money on call was again easier , ne MINI ,ho
rate was IL per cent. and the onik OF ~"
business done at per cent balahces "'i'
placed at 3 per cent. ,.,,o,..
The Clearing House statement was az ioiioWs
Exchanges, Sll2, 7s5,soG balances, sG,o9i 90.
The Sub-Ifcasury was debtor 10 the Cl'ain2
House 81, 033. 500 It's net loss on balanc" was
Si4s. o2V. made up by losses of S6,?25 in colr
and $44274a in currency me day ops"'sS% a
~ O SOD resulting in a general balance OF So
sse,l44, consisting of S75,454,3j4 coin and Els
the United States Treasury at Washington
received to-day $I47.43I National bank notes for
redemption - cooo o., d., i;
tcrnal revenue receipts S1Io,oV3, ana w" 'hi'
cellaneOus receipts Sl1s,4n@
To-days Washington Treasury statement OF
cash on hand and deposl's IN banks stotnnnrt
gs follows ~ Anil n n,sotcnces
se, cold on hand SO! soosA slc5 ssss7'
.Ys, On aa 'e e:sS saS Dec:
Treasury vaults
ext '' iSsssla as D Dsc 'ss s.
Net cash bal si45477 O7o sIat252 cis Dec 81 2s'o.
The foreign exchanges were duii "e' demand.
however 20 keep rates strong and 10 cause SILL
advances in long bills on London ana nI'' ~
Exports Of goid on saT"THay are nr arc. anoaons
~, cc,uoi busincss: Bankers bills. ~ SUI >. am
81 SO for long and short sterling respeS, ma,s
French francs. ~. l-2 ana D. ID fc'"'"
az Rig and 0j 0-l5.
FOREIGN MARKETS.
Tho oovcrnor. OF the Bank OF England AT thelI
oii, meeting made no change in us minimum
sste ~ discount, which remains at IL per cim ,
T the week the bank lost G545oyo bullion o"i
the proportion Of reserve cent to saas w reon
from a; TO 4O.e4 per cent in the correspond
ing week last year when the cent? he , bank NO. TO-
reduccn '. cnn 900 on balance. In the open mar
Gay nos was abundant at ia per cent lo'
@ ta - !, per 81 cent sd G' an "'se
i'ai 80 ra,Iwav shares were strong. even u dnl
American Am eo as any importance wsTs per-
Paris s>l assnse on PEI ss"s
9'Vs 49, francs 10 the = sterling. Inc
at t 49, statement az the Bank Of France shower s1
weck I, snccic of 100000 francs gold an" '''
90" 'Ta" po,lins & Sons offer to investors So
H. ~ rn"n;cinaI and other bonds paying 10