New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-23
CLOSING PRICES or PHILADELPHIA STOCKS
1skc
WHAT WAS DONE IN STOCKS.

Dulncss in the stock market naturally resulted
in a saecing tendency 10 values. The rapid adj
vanccs of last week had eliminated large short
interest from the situation and hence the spccu-
lation was deficient in support from tlat source.
The holiday suspension Of the foreign stock en-
changes relieved the market OF the recent offerings
of securities for European account, Dat cNls'ih5
financial and business conditions rcprrsS oufsid"
ventures Tin, dealings to-day were purely pro-
fe,sonal in character, and the fluctuations pos
-.~sed little significance. Nearly ali stocks rallied
from their lowest points, and the net declines were
In most instances confined 10 fractions. IN cN-
ccption to the general tendency was the strength
of New-YOrk and New-Engiand which sofa al
80 IS, and 1t 20 5-s at the close showed dh ad-
vance of rs Der cent from Saturday. The at
tempt to connect by minors the New-iork New
Haven and Hartford interests with this movement
may b.. dismissed as futile. \ more plausible cN-
planation was the reiterated statement that MI.
Mcleod purpOsed TO retire nom 'hc pr,sluohcS
OF the New England road. But even tins STEP
beneficial in itself as it might 80 - me COMPANY,
cannot restore 10 the property the services OF us
former prcsdcnt-Mr. Charles pi1sons-.or repair
the losses suffered under previous manageHehts.
Philadelphia and Reading was almost the only
other railroad stock that may b. ciediteu wi.lI
activity, and it's price steadily %d Sa,u uduv
The weakness the more noteworthy because
of the advance in the price OF cal or'icrcu oy
the Isligh Valley ana the cOnIlu'nt pIeui,,iono
in coal circles that the June schedule will be
raised No news is at hand 10 explain Kcanne
decline, but perhaps none was needed ai'er . i
exposure, brought about by the publication OIL 'i'e
EXPERT lcport on the Mcleod transactions In
Boston and aIalne-Ncw England. Of tn" compfo.
mise made by Readings new management OF t ,c
interests of the securityholders involved Ill 'I'
McI.eOds speculative operations. -. mt.
Speculative interest was revived IN Distllihs
and Cattle Feeding by the dispatches from IN
caeo announcing the Withdrawal OF several ,,
from
First prices covered excited rinec nom - 70
49, and although a rally followed, the net loss Tor
the DAY was s5 per t C' define the real situation
from ont Of &c mass OF contradictory anVlccs
coming from tie West respecting inc company
affairs suspicious lran!Sncss marks the PuoiiC
discussion Of the companys difficulties by ns
president But one fact seems obvious: ii any VI
the constituent cOnccrna in the whiskey compiha-
ton may, with without c+reilony, sever tieir
relations with the Central organization, II Is i'm"
that the holders of Distiling "a Cattle fcedihe
stock should take steps to ascertain precseiy """'
value lies back Of their certificates -
There was no change in financial conditions
to-day. There is no relaxation Of the tremendous
monetary pressure honahCnt the Coo ." heavv a d".
mands for re.discounts from their interior cor
respondents The Withdrawals OF gold Tor export
to-day amounted TO only 100. 900, nut unens
there should he an unexpected development IN
the course of the foreign exchanges further snip
ments on Wednesday and later In the week may os
expected. After business hours II was announc'N
Of - small bank under examination and the result
will be found in our local columns inc , 1ns,do
tuition is not member or the clearing !i o;
tesociation and is not important in the banking
world
THE DAY IN THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange. The market was steady at the follow
ing unchanged final quotations:
U.S. 4,ss 1891, rs.curSs Is9SIo5
continued at !, S.eur'gs i isyo III 80"
' S - A.
There were dealings in state bonds. Sales
National 40 at ll3 and st. Nicholas 49, at 80.
The general bond market was dull and irrcgu-
lar Toledo. St Louis and Kansas CITY iirsts
,s rose l per cent to "a. General Electric de-
benture IS lost "a per cent at - Reading
general Is rs ss cent s a S
ppnconds ID DER cent at 20 IA on small sales.
Tho curament of trimming was probably due 70
the lack Of absorbing power adicatcd In tne
u Money on call was excessively easy at 2a2 IL
The Clearing House statement was as follows;
Exchanges, SsO.6GO,o s6; balances $4.lo4sH
The Sub Treasury was DEBTOR TO the clearing
House S5s5.525. It's net loss on balance since
Friday was $s47,229. made up by losses OF S3 ~
i5s in currency. ard S192.o7 In coin The
two DAYS operations Ineuo'u hGcu,Ps' @creral
balance of ,535. consisting OF SG2,
coin and Sl3,02s,242 currency
The Treasury purchased 100000 ounces o.
;tcr AT nriccs ranging from S32J to S3,34. out
81 total offerings of s?s.ooo ounces The Mcr-
oa,tile Safe Deposit Company, OF this city, re-
n",s silver bullion on hand. 10 secure outstanding
CERTIFICATES amounting to 26o.l2' ounces.
Vile limited States Treasury at Washington re-
coired today Sel2.l20 National bank notes for
redemption. .. ro 90. 400 ,bo an
,or 1,i revenue receipts sssO753. and the mis-
oj,"noous RECEIPTS, SGo.,1o =,
r. 49, Washington Treasury statement OF cash
ipnn aud deposit. in banks compares with the
hEuI'" =" " ,,,v 90 Maj - Differences.
,, a. nd s,oi $50 GJ5 500 240jG3 Inc. sil962S
Net lrpaltcidcfs ., ,-Y o,- ~ $40 oGp Dec 7.3 OSS
band ..,, 80 J,y oqY 10 Mn GJO 1924
Set silver on ma iV'','''o - -
Actual cash III INC
NauH-
oufsandihe 900 .o- m, syl7
tcrt,nca,cs ,,,nk 1JyIO7iO II DOS Inc. 3s2es
90. ., ,ai sIy7 7gs. yi6 siS7 c5s9.se Dec s2oo12o
The foreign exchanges were oun on account