New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-11
SG PRICES OF BOSTON STOCKS.
Boston. October 10 1898
CLOSING PRICES OF PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.

|
WHAT WAS DONE IN STOCKS.
Tuesday October 10-p. M.
| small increase in business at the Stock
| Exchange to-day produced more Interesting
| movement of prices. The first place In point OF
| activity, as usual lately, was held by industrial
| stocks and the transactions in American Sugar
| Refining and Distilling and Cattle Feeding were
| more than one-third of the total business. Both
| advanced in the early dealings about per cent
| but their final gains although last prices WERE
| not the lowest were only fractional Other IN
dustrial shares were barely sympathetic, and on
the elimination Of the advance yielded with
great readiness In the midst of this by-play in
| stocks easily susceptible to professional ma
nipuation, railway stocks steadily declined.
Their first prices as a rule were the highest
for the day. and the declines were not confined
10 stocks which have an international market
The fall In Louisville and Nashville when eS-
ceeded per cent. was chiefly on seiiihE APP
parently for the European account, ana Union
Pacific which was under similar innuence,
finally lost %. per cent. but the declines IN
Rock Island and Burlington and Quincy were
l and IN per cent. and Missouri racine, II.
spite of a rally Of nearly per cent displayed
exceptional weakness, and suffered a final loss
Of ls. per cent. The selling of the last-named
stocks could not have been by European IN
yestors In the general list the declines were
not often more than fractional. although Cen
eral Electric lost II. and Philadelphia and Read
ing ~ per cent The closing heavy and
with a few exceptions at the lowest figures.
| There was little news of sufficient lmpoT,ance
| to affect the market. RuInors mat the Ciiioh
Pacific Company was about TO seek the protec-
ton of the courts not confirmed. WhlIe IL
was admitted to be probable that a receFershP
might not hurt the settlement with the oo'et ,
ment which the company must make IN rev
years A recevcrship. in other words, might
compel an equitable adjustment of the subsidy
debt which has not yet been obtainablc Ihe
| Nv IA house
repeal Of the Federal Elections law was with
out immediate and distinct influence on prices
although il was acknowledged that TINS aclon
might be n fresh obstacle In the way Of the UNI
conditional repeal in the Senate Of the present
silver law and make more probable compro-
mise on that question. Confidence in decision
in favor of a sound currency was not lost. how
ever, and speculation awaited patiently the re-
suit of the Senate vote. which Is supposed to he
near at hand. on the decision two continents
will hang their speculative ventures.
THE DAY IN THE BOND MARKET
| A sale Of $4,000 coupon As. at 1l1h. was the
only business in Government bonds. In con-
sequence of this transaction. bids were lowered
l.Gib and asked prices raised !. per cent. the
closing quotations were as follows:
I. s. ,,s.. 1891 DIV ''A''' T.seur.c:. 1ss5Io2
continued at U.sc.r.s' is3.i ig -"
T Tst 5$7 .ss! e ss ss', IS 1851, Sif
DisCoi 8. 5lsoi1ilia IL J
state issues continued to be neglected. ana
there were no sales Of city bank stocks
The general bond market relaI sed into state
Of almost complete coma Rtported udhstc,
tions amounted only to $61S.OOJ par value ana
the bulk OF the business was In bonds sclllhS
below one-half their 'acc. The general move
ment Of prices was downward but exceptions
v ere no, infreQuont. Edison Electric llllmilal-
ing (New-York) firsts gained the fractioE II
1o4,s and General Electric debtnture % Were
dull. but higher at Is. Wabash hrsts further er
| advanced 81 per cent 10 1921, while seconds
We're entirely neglected. The feature Of the
market was the weakness of Philadelphia and
Reading issues. First incomes were 2 per cent
lower at 3OIa. and seconds per cent lower AT
90 while birds fell rs per cent - l'Ps ne
ger crai mortgage Is were firm, but not :natcri-
ally changed at S71A067ia Richmond Terminal nina"
to our full report Of bond safes
Money on call ruled at 2n2a per cent. An
attcmpt near the close TO force the rate I" )
pcr cent was not successful. and the last loans
were at the lowest figures -
The Clearing House statement was as To- ,o
lows: Exchanges. 800, 220 j34 balances S6.2s,5iS
The Sub-Treasury was debtor to the Clearing
House 81. 07G.s22. It's net loss on balance was
s3S557s, made up by loss OF se4''sa 49,, IN a com
onerations covered Receipts. S2,lS5.154: pay
ments s252I 800 resulting in a general bal
ance Of $54ss405l consisting OF %s,55os4s com
The treasury on It's counter offers yesterday
bought 10000 ounces OF SILVER puiilon a. 'o.S'
| cents an ounce. The Mercantile Safe Deposit
| (,omnany of this city reported silver bullion
on hand to secure outstanding certificates at
175.232 ounces. 1,,,...
IL
received to-day $4s6.63j National bank notes for
redemption. .o,o -oo A., :,
| The customs receipts were S2i9,52O, the in
ternal revenue receipts S5534o' ana the HiS-
cellaneous receipts $2S.lOI
To-day's Washington Treasury statement or
cash on hand and deposits In bank compares
| with the figures of the last previous statement
follows:
| Octo. Oc. 10. Differences.
Net gold hand ssol1"2'o sSS o"s''s' pee ssl'oh
N on t mGp "" $4,000 o12se73 Dec. e9e ~
No silver on nd s4O9,244 97ll,O2l Inc. 1,21l,7
Actual cash IN the
Treasury vaults
out tandng 800 .., d. n ,,o- an An -, s,c, ~,
certificates ~ so
Deposit, IN bank. l-'-i'1oo '-'"o'""i Inv 1870
Kat c.sh hal $40 7Gs +l20 0GG 1873 Inc. sos 40
| In the early dealings rates for foreign exchange
were higher. but afterward they saggcd off. De-
mand sterling sold It 81 80. an advance Of /
! cent from the lowest point yesterday. Inc
! Continental exchanges sympathized with the
rise in sterling and the whole market closed
| materially higher. There will be- however, no
| further mail until Saturday. and the advance
NAV not be maintained Annexed are revised
| quotations for actual business: Bankers bills.
| "a s2ss asa ssH and 81 SAN for long and short
! sterling respectively; French francs. 522IsM
| 5217s and 5.2Om519as; reichmarks' %l2N9iss and
| 95%@95 5-16.
! In London British consols remained unchanged
! at aSib for money and 9S BIG for the account
The Rank of England lost $4,000 bullion on
balance In the open market money had
/ hardening tendency at 1&qlh per cent for dis
counts hut was In abundant supply at AL
per cent for daily balances Bar silver was IL
/ shade higher at 80 15-16d an ounce. American
4 A,v1t nd md fhp