New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-31
CHASING PRICES OF PHILADELPHlA NTo'hS'
WHAT WAS DONE IN STOCKS.


~, .ocl, market advanced steadily. and al
,;,os r,nidlv during tie greater part Of the DAY.
There WEIR. excellent reasons for III" movement
in the active buying for both accounts 1t WAS
recognized in Europe as we'll a. this country 'n''
,b. sligo, question has been settled. HE H'ha'c
may discuss il for a week Il month "hll'
nrount decision is desired, il /, not lnproDdDl'
tI,t the more. time ia. senate wastes III personal
.v,l.u,,ions thr greater will De the MAJORITY III
favor of a sound currency on '' H''' van
The advocates Of bimrtlllisn perceive, al ItSl'
that the theory cannot be maintained WITHOUT AZ
international agreement, and that pfo'ipy 'no
quickest way 10 achieve that result "Ould W.
the repeal of the present compulsory pni ms
of silver bullion and th" Ofciin9 "i the treasury
stock at amy price. il would brln. me HtN'
monetary conference would not be- called 10y inc
United States nor adjourned without ac'ioh.
The mass of silver bullion when 'h- country nGI
accumulated III the last three yclfs shoIlu
he thrown on the market. and the legal -"hi "i
note, issued for il immediately redeemed IN"
loss might be heavy. but II wVniI pe'r ~ P'u
rcrtiou TO the damage suffered BY ia" country III
the futile support Of fai-r ana VICIOUS ""'"''''
policy. . .u
The stock market was active and strong unth
near the close when there was Iattl" OF 'h'IlH"
nuns Tn. suggestion Of bread riots was enough
10 fri htcn a newly revived ana therefore uihii
speculation. bat il should not nave p'''n o,ri
looked that the scrrc Of disturbance was hiri5"
the city which proudly rrOcIaiIns mat tle unhhH
have never been forced 70 Issue 'h'tTihs nou''
certificates. II wa- III every way chaia'', -
that a street mob that easily dispersed bN 'ie
uoIic, should have excited fear OF Il re curse 10
artillery In the mean time the Ia'" OF eNcian."
ON New York has 1allcn TO ormal h@air, ana uh.
financial ccntr" of tie univcis" apparently ha- ho'
moved westward. Although the closing WIS M T.
rr,iaIly below the highest points, mai changes
were almost universally substantial advances. me
;nJnstrial stocks perhaps, a trific too pron-
nent while stocks which have lllUfI DioJu,I
market recorded only fractional adN ana ~
strength Of railway bonds was 'u,mc"m, even ~; :"
,ff.,. nf
The industrial stocks and specalties and the clos
ing was Indicative of returning conii"Ic''
TIE DAY IN TIE BOND MARKET
Salos or Goyernmeit bonds AT the Stock EX-
change were limited to coupon A. Sl,ooo a, !
and 81 900 at III u: The market was strong III
"';t. - tI,r inactivity, at the following quo
/ tatOns: -, .,, Asked
U. s. aies. 1891, .s 3 S%i.S, 1886 ios 80.
Us q. 81 sIIl NS, issa III III IL H
Cta,o ;sancs remained neglected, and there were
no SALE, of city bank stocks SAFES " PAM ra
n auction showed sharp declines iheS are re-
| uorted in another place. ,., ..:,. r
ported transactions amounting 10 over - ,poo'V"v
at par value The movement g. Price t WI r Gp
| ward and in some instances 'h'. con,ii,u'u . ,n
was - GREAT as 10 suggest covering Of short con-
tracts Erie second conso IS rose inilnaI p,,
cent 10 - l4a75 although the business III 1r'c',
! Ilgnt. atHi~OH ~ WIZ
fraction higher at - 10. but "A seconds rose
. rev. cent 10 40 IL Chicago and Northern
Pacific GIsts seemed TO be pressed FOR SAFE ana,
| flor touchipo AZ - al A closed with loss
Of nrr cent but Northern Pacific c0nsol - al
yancaI - nor cent TO "a Ia. Plilad"lphii
and Reading issues generally We're both actlVr am
strong, final gains ranging from ~ PER WI. III
/ third incomes 10 "A per cent in hrst incomes
! there was an unusually large business III h0rk
/ Island extension ~, but closing az 80 l. ii't
made only fractional gain. Special issues W",'.,
! are not commonly active rose from 10
Ger cent The entire movement was 'o"aru
| hahcr level, and the best feature OF the narkc'
was the wide variety Of issues dea m h'''i'"''
is made TO our full report of bond sales r,
Money on call ruled at abont = per c"nt. ~ n''
/ extreme. range from 10 : per cent ii
! loans were not NEGOTIABLE except with han''Soh'
commissions GRADED 10 the period ana the h'c''-
! stiles Of borrowers. ,,.
The Clcariug House statement was ~ Ioi!""'
! Exchanges. SIS. 3g9.I6s: balances. S3,:34,O''
The Sub-IressnN was debtor 10 ~" 'leaiius
/ House e391,G IT. net loss o. b,lanc" was
/ SIlf,i9I. mad" No by losses Of Sl2,3's III cur
lcncy and -3p1 -; in coin. The days operations
/ c,vnrei: Receipts. Si.9o,4|G: payments, - :
/ ,IOg31: resulting in general ba!anr" OF s,Y'-
:l?5l4 consisting of Sjl 80. I - coin AMI So
! o. .06I currency. .,
The Treasury bought 10000 onnces of silver
bullion at 1I.1l cents an ounce, and offered me
sluo price for the balance of the offerings wrl
| aggregated 900. O0O ounces IT," deposits 10
| hy the Mercantile Safe Deposit COMPANY, OF THIS
| div remained unchanged at l6l 0a3 Dune =,
| The United States Treasury ~ Washington re-
| ceivcd today S5J,G02 National bank notes ior
| redemption. - a., 4.
! The customs receipts were $3s3.41l. the in