New-York tribune., 1893-12-09
CLOSING PRICES OF PHILAl
CLOSING PRICES oF SAN FRANCISCO STOCKS.
WHAT WAS DONE IN STOCKS.

Friday December S-p. III.
The only feature of the stock market to-day
was the advance Of 2i4 per cent in Disiilling and
Cattle Feeding The buying was confident OIL the
theory that the Government must provide means
for ordinary expenditures An increase in the
tax on spirits a duty on sugar tea AMI coffee
are the only alternatives. The Government needs
a larger revenue, If the proposed tariff law Is 10
be carried into effect and after discussion It will
probably be decided that these articles will bear
the burden with the least difficulty. Consumers
will hardly know whether the sugar they put in
their coffee or tea pays duty or no., and In
spite OF expert opinions an advance in the tax On
spirits will produce an equivalent increase IN
revenue 1t Is doubtful II an additional tax or "
or 80 cents a gallon would increase the prcdlc-
ton Of 'moonshine" whiakey. \ moderate duty
on sugar. coffee and tea would not be felt, while
IL would bring in large amount OF money ana
possibly provide for the deficit which Otherwise
will be incurred. Aside from Distilling and Cattle
Feeding the market was featurcless. Chicago
Gas gained and 81. Paul lost, p per cent. These
were the only stocks in which the transactions
exceeded 10000 shares. Sugar Refining fell he
low this limit ard with many other stocks closed
practically unchanged. On small sales American
Tobacco fell per cent. or more, but special
stocks of this kind can exert no influence on the
general of prices. The closing. Ike The
general movement, was devoid Of prominent feat
ure ENGAGEMENTS of small amounts Of gold for
export were regarded only as an incident Of the
speculation.
Small sales Of registered IS at the Stock Ex-
change were made at lliis and ia Bids for
both classes Of this issue were raised "a per
cent. The closing quotations were as follows:
T. con,lnaei isi at at'' ls.carSs isS9. i95,,
Fs: '1S s # :$;$ i:s f
The business In State issues unusually
diversified. Virginia funded debt % per cents
were active at Il further advance to o1t2. small
transactions were made in Arkansas 7s issued
in aid Of the Little Rock and Fort Smlth haii-
road. at 6; North Carolina consol IS az -; South
Carolina non-fundable IS at les and Tennessee
settlement az at "a OF city bank stocks West
ern National sold (25) at 10
The general bond market was dull and weak:
AtchtsOn general IS sold at 69f, and at 10 closed
per cent lower and 4 seconds suffered the
same loss at 37H Colorado Midland Is were
per cent lower at 40i2. Erie second consos were
moderately active at a decline Of Y per cent 70
75MQ75. Northern Pacific fell "a per cent to
32n and one bond sold at 80. and coupon hrsts
sold at 109 and seconds at SO. The market was
without other feature. Reference Is MADE 10 our
full report OF bond sales
Money was still extremely easy. ruling at ana
1ja per cent for demand loans ana AT 10 per
cent for time loans.
Exchanges, SS3,0SS.56 balances. s5.2s6.643
The Sub Treasury was debtor to the Clearing
House 1894, ,893 The business OF the Sub-Treas-
ury for the week ended tonight includes receipts
Of s21,3l2.235. and payments OF $24yl ls4 leaving
290 on December l. an apparent gain OF syO445o
But deducting from the payments sS06l. 600 ana
from the receipts A,6S10op for Items which ailect
only its account with the general Treasury, its
loss as affecting the banks is $GI1.5G0. and this
result does not include deposits Of 100000 for
payment at other points. 800
To-day's operations included: Receipts. S2,SiS.-
G5i; payments $2,49iI34 with balances Of SOL
C36 $50 coin and s2G.j09,159 currency.
The United States Treasury at Washington
received to-day s5l3yO77 National bank notes for
redemptiCn.
The customs receipts were sS2S.S29. the In
ternal revenue receipts S2sSl46 ana the MS
cellaneous receipts Sl4s.41s.
To-day's Washington Treasury statement OF
cash on hand and deposits in bank compares
with the figures Of the last previous statement
Ne, cold hand PS .s3s 3ss s pea Df'sG2is sGso
ns; sP.s .v:, nsai .Sts5 bs S5
Actual r,n1.,, cash in nth. e.
Seacaie% 50, sCs .a5 seoo7 ~ Inc sias z.
Deposits in bank. ii4sii il32ili2 Inc @"3
Ne, cash bal, sos s52 $40 siOe 5a s5s Inc si7s7I7
The foreigll exchanges were strong i'm the early
dealings and at the close rather heavy, although
concessions were small. Shipments of gold
may have accounted for The decline In rates.
Following are final quotations for actual bust
ness: Bankers bills 81 Sif. and 81 SIi4 for long
and short sterling respectively; French francs.
51SA@51sA: reichmarks. s5h and 957s.
In London British consols were shade higher
at 977s for money and 9s I-lG for the account.
The bullion balance Of the Bank Of England
was unchanged In the open market money
was higher at 2ssQ22 per cent for discounts
and about the same price for bankers balances.
Bar silver declined y to 32isd an ounce Amer
weak. 1t Paris French per cents rallied
i2,a centimes to 1921, sight EXCHANGE on Lon
don remaining unchanged at 25lSls francs to
the sterling The Bank Of Holland reduced
its rate of discount from to 3la per cent
The holders of Fidelity Insurance. Trust and
Safe Denosit Co.'S receipts for Chicago Gas
stocks are informed that the Central Trust