New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-16
r,os,xc PRICES OF PHILADELPHIA STOCKS.
Si-OSi-'" pid Asken
WHAT WAS DONE IN STOCKS.

The course O, prices at the Stock Exchange
today again showed that there Is no outsiue
interest I'm the marke.. There was a super
abundance of rumOrs but none OF them was
confirmed and possibly the circulation OF them
was started I'm behalf Of the bear faction. Az
any rate this element displayed good deai
of uneasiness, and once or twice IL was an eager
buyer At the same time the treno ., .,ie
market seemed to be downward. although the
transactions were 80 lgnt ana tne n"Vtuaaol,3 3
so narrow that tho final variations possesseu
little meaning The trading was Stricti! pro-
fcssional and chiefly local. ana In general tne
market was what is commonly caieu 49,, W.
ing ore. The bears were expecting uisiouse
ment of long stock in response 10 the man! "ii-
favorable rumors: the bulls remained cons.an'
in the belief that the short interest," was SUI
ficienty large to produce sharp raii!' II noun
ing more 1t was admitted on all sides
that the supply Of stocks was limited ana
in the same breath that on every ad-
vance the demand was immediately satis-
fled from SOM source. The manipulation
of the industrial stocks was. Of course. SOME
thing wholly outside this calculation. because
there can be no limit to H. inc pools or
"clioues' in these stocks have absolute power
over their prices. and what they may DO from
day TO day depends merely on speculative
whims For instance. Sugar Refining further
declined a small fraction to-day. and General
Electric was. at least. weak. while Chicago
Gas and Distilng and Cattle Feeding were
materially higher. change In the tarih ara
revenue laws might account for the movement
i'm Sugar Refining and III Distilling. but not TOT
those in Chicago Gas or General Electric. I'M
less these companies are liable to be seriously
affected by the contemplated imposition OF an
income tax The stocks that have an interna-
tional marke, We're generally dull and lower,
but Louisville ard Nashville rallied az much
as y per cent. and few others closed with
slight gains.
Final variations in both directions not
large and while the closing was rather heavy,
the declines were not much more numerous than
the advances.
THE DAY IN THE BOND MARKET.
There were no transactions In Government
bonds at the Stock Exchange. but the market
was comparatively firm at closing quotations
as follows;
Bid .Aleo, Iid. Asked.
u: ..ss; lsoi r,ss"'e- , ,s9'1o9 -.
= 81; @ $s;::$ i:;;'
The only business in State issues was small
sale Of Virginia funded debt 2-3 per cents at
525s on sellers option for fifteen days. or city
bank stocks Fourth National sold 900 at 200.
The general bond market was without new
feature. The reported transactions barely en-
ceeded 81, 600. 900 at par value. Variations were
divided but small and probably insignificant.
Erie second consOs advanced the fraction 10
general mortgages to 67ss. Philadelphia and
Reading first incomes closed " per cent better
at 35%435h and second incomes " higher at
1884, but the thirds were slightly lower al l912W
1874 and the general As were relatively active.
although they finally lost only 4 per cent.
Union Pacific. Denver and Gulf firsts closed "a
per cent lower at 4Oa4, and Fort Worth and
Denver City frsts fell per cent to CO. Reference
is made to our full report Of bond sales.
Money on call still in excessive supply
at from / to " per cent.
The Clearing House statement was as follows:
Exchanges. $685. ,SG4; balances. x,459,73S
The Sub-Treasury was debtor to Clearing
House $723.400 Its net gain on balance was
$1,S72, $751; made up by gains Of s510304 in cur
rency and 81. 1862 5s7 IN coin. The days opera
tons covered: Receipts. $.677,575; payments.
81, S04, 6S4 resulting in general balance OF
$50, $780, 764, consisting Of $60,0S5,515 coin and
S23, 695 249 currency.
The United States Treasury at Washington
received to-day $6li,j13 National Bank notes for
redemption
The customs receipts were $543e66, the inter-
nal revenue receipts s452174 and the miscel-
laneous receipts $31SG4S
To-days Washington Treasury statement OF
cash on hand and deposits in bank compares
with the figures Of the last previous statement
follows:
Net gold hand. SS 454,I51 ss 476 Inc sj1C325
Net legal.tenders
on hand ......... 3,707 ,96s 3710O0I Inc 1908
Net silver hid 1,OS2, lG7 C.S95.j4j Dec. 1852
Actin cash I'm he