New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-01
CLOSING PRICES OF PHILADELPHIA STOCKS:
WHAT WAS DONE IN STOCKS.
"Wednesday Nav z N

Wednesday. May 31-p. m.
Speculation in stocks variable and uncer-
tain to-day, and the interruption by holiday
failed to bring an increase OF business Inc
trading remained largely profs ssional. while the
total transactions were smaller than they We're
on Monday. The most favorable influence, I'M
doubtcdlv. was the completion, without I'M
nortant failures of the fortnightly settlement
at the London Stock Exchange, which was ac-
COMMANDED with somewhat easier rates for money
Strangely enough an impetus was given TO the
market by unexpectedly heavy Withdrawals oi
gold for export These were so large that the
closing was affected once more by rumors OF an
early session of Congress Wall Street is feeling
ont with its many entacles 70 discover III" iiihi'
Of gold reserve which the present AdnIinistra-
tion NAV consider financial emergency. VIII
the lcgal-ten,lcr reserve he impaired by $4,000
0oo-that has practically been done-or by
SOC. oOo. 900 or S50.Oo0,oOo? There ia a point
beyond which the present object lesson may
not be extended, and only one man IN thl- conn
try may fix the figure. No greater power "aS
ever possessed by the EXTREMIST autocfacN;
The fluctuations in prices were OF lttIc rral
consequence. GENERAL Electric was foremost by
rise OF nearly per cant; ana Nsw-tnsIan,' "n
tho other hand, by fall Of about l. per
cent II must be acknowledge by every one
that these are special stocks. Advances OF amour
. per cen, in Sugar Refining and about per
did not change the character of the business
Among the stocks which have an international
market Philadelphia and Reading was activ.' ahl
again lower In spite of Ill" report tIat inc
Reorganization Committee might accept on"-haIl
of the general mortgage bonds as a SATISFACTORY
assent 10 the new scheme, the stock and bonhs
declined and suffered final losses. The closing
was strong and, in most instances. confident Az
the highest points
TIE DAY IN THE BOND MARKET.
There were no transactions in Government bonds
st the Stock Exchange. and IN" only chang's
in prices We're due 10 interest payments. Inc
closing quotations were as follows:
Us Continues, ass ' si ss%Es: 5s
sS 81 'f5s 'fisss,i. f.: "
Dst s S9' s s,,li H. IL S'"' U.s. '''
State issues continued IN he neglected. oi
city bank stocks Mechanics sold t2i AT ls'. ana
1radcsmcn's 90 AT no
was it's declining tendency. The reported trans
actions amounted TO only ahout Ssso,ooo PR
value The Reading issues were naturally IN"
mos, active and general As fell to % 5.s, and ra-
living 10 80. their opening price closed WIZ
a loss of IL per cent. The incomes followed
the example and. in spite OF smart rally closed
materially lower Erie second consol- fell
Ter cent to o. and many other issues sustained
nronortionate loss The principal exception 10
the movement was sudden Use OF per cen,
i'm General Electric dchcnture -, which closed
AZ 90 Reference is made 10 our full report OF
bond sales. a.
ruling rate was 3 per cent. TIL" extreme rang"
was from > - 10 l.? per cent, bat IN"
last loans were at the ruling rates; The al
vance in rates was due wholly to tn" shifting
,f loans at the end OF the month.
The Clearing IIouse statement was as follows
Exchanges. S124.524.o4o; balances. STA 30:
The Sub Treasury was debtor 10 the Clearing
House S70Os01. Its net loss on balance WIS
S2s0.O44 made up by a loss Of S2.36l ,a"s IN
COIN less gam OF "t IN c' XIX res, m
inc in a general balance Of S77,G0i.d?1. con
sistinc of S5o.s51,4s5 coin and $40. 't6,M2
currency. - . v,..,;.o,
received to-day S344,I0G National bank notes for
redemption. .oo. oo 4, -.
The customs receipts were Saos'39 the inter-
nal revenue receipts SJs] .4ov. an the h'>''I"-
neous receipts Sl"'."'9. .... -
To-day's Washington Treasury statement OF
cash on hand and deposits IN banks compares
with the figures of the last previous s'd''ihen'
as follows
hand NAY q? e ,s Nay 81 liz Dec pss ss cc
%, j., c 81 1 I"c sSs IS
Arual cash i in inc
tIc' outs,annIne
csna +" c.aA sf s s a2 ''f I" Sc @
Nc, as, bs sIs, l5co,7 si3'.c2s 80 Ore. s'23ess
The foreign exchanges were firm. and large
e\port. of gold and somewhat easier rates Tor
money in London had little influence on tho
M
present rates are to he maintained ro,lowlng
ARC SLIGHTLY revised anOtatiOns for actual bu-l-
rcss Panker.' Hills. - SC and 81 SgaSJ ~ "a
foy long and sor, sterling respectively French
francs. SIS Is AMI ZIG IA: reIcllmarks, %
and o. l-2. -,
: In London British consols further advanced the
frac,ions to % Is for money and % 4 for tn"
account The Bank Of England gained tj6l 900
bullion on balance. In the open market rates
for money tended downward, and offerings AT
3i-o per cent for discounts and 3 per cent for
daily balances were abundant. Bar silver was
ouotcl steady at - IL cd an ounce The Tort
nightly settlement M the Stock Exchange was
completed without important failures, but AmcrI-
can railway shares declined from the opening
and closed without rally. NJ Paris } per cents
advanced 20 centimes 10 $3.50. sight exchange
on LONDON being easier at 2j.@s AMI 21.2s u 10
the 9 sterling.
Pursuant To the provisions Of the agreement
dated MAY l. 1898 for the reorganization Of
wav and Warehouse Company and its subordinif"
ccmpanies notice is given that the committee
therein named has limited TO June 10, 1888, me
tim. Of the acceptance OF said agreement Nv w"
recurisy holders Of saii COMPANY. nd"r the pro-.
visions of the agreement, outstanding per cent
bonds :, per cent bonds, preferred stock and com
mon stock Of the company must therefore, ne
deposited ri the office Of Drcye. Morgan * Go.
not later than June 10. 1898 AT II o'clock noon,
Deposits. il accepted after that date, will he re-
crivcd only upon such terms a. VI" committee
shall deem it - ,
Wirsl,w Lanicr & Co. Atlantic Trust Com
many and Coffin a. stanton will pay dividcnis
ON a number Of securities advertised in another
column.
AZ the Niw-York Real Estate salesrOom by
Adrian H. Muller 4 son:
ist shares Greenwich Fire Insurance Co.. IiIs,.
20 shares Continental Fire Insurance Co.. 80.
100 share. American Fine Insurance Co; 20
100 shares Home Insurance Co.. itoalii.