New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-29
CLOSING PRICES OF PHILADELPHIA STOCKS.
WHAT WAS DONE IN STOCKS.

WHAT WAS DONE IN STOCKS.
Wednesday, June 2s-p. M
The stock market affected yesterday py
favorable rumors but today declined steaahy
on the discovery that generally they were "n-
founded The volume Of business was signify
smaller. but the previous advances were lost anu
apparently the common disappointment led 10
renewal of liquidation. The downward move
ment was not abrupt, but continuous, ah'' "i'''
a few exceptions last prices were the lowest eve"
when the losses had been substantial. Inc coh-
trolling influence was the prolonged tightness
~ money but 70 that was added fresh deciih"
in the price Of silver, both in London and New
york In This market silver certificates fell to
ssl-2. against 20, at which sales were mace
IN Monday This is, Of course, a dangerous de-
cline and. "a the Government will not reappear
az buyer until next Monday, IT may become
still more serious, II was semomciaiiy ah'
nounced moreover, that an eAtr" session. % ' -
grcss would not he held before september. am''
the statement should prove to DE core ORE ~ ~
is conclusive evidence that repeal OF the S PHI,
man Silver law cannot Yet he carried III wv"
Sneculation In railway securities was influenced
chiefly however, by the disturbed CONDITION o!
the money market and by the Apprehension 'n ssr
IL excited Loans were renewed AT IL UT
cent and good deal of business was done ~
that figure. but after noon the ruling ra'es w''e
30 and % per cent, ana N ,ne M nr csn " and
I'M 10 the last moment il was not greatly ~
laxed The extreme rates were due party w
manipulation in behalf OF lower prices LOT
but that manipulation would not nave pe,h SUI.
cessful if morey could have been obtained from
banking insti>Itsns al reasonable rates ana III
fair amounts The stringency was the more pro-
nomncrd because the outflow of currency 10 the IN
terror seems TO have ceased. and. I'D iac,. re-
turn current to have set in. but also oec a,;s
a further large issue OF Clearing House certin.
cates was mlde Indust iial and special STOCKS
naturally suffered the heaviest losses put tno
leading Grargnr shares lost from to ). pr
I'nion and Union Pacific from to nearly 8 per
cent. The movement in respect to varl,-
tions somewhat irregular but In me c tamn.
was announced. but it was not due to the Stock
Exchange operations
THE DAY IN THE BOND MARKET
The only transaction in Government bonds was
a sale of 81, 900 registered Is al 90. Inc markec
was steady at unchanged quotations DIS 'o'io"s'
. 49, go, dAshed. r. curos,so,. .i R,s Asked
continued at =. - = cur o. o. so? io2 "
fS$S e il s$$s$: 1885, sss III IL
State issues remained utterly neglected, ana
there we're no sales of city bank stocks. .,
The general bond market was more active van
i, has haen for several weeks but the increase IN
business was at the expense of values The course
Of prices was downward and; as a rule last
prices the lowest and sacn%s As s, ss'',n
pcr cent 10 AZ. Erie -econd consolS wcr" mac
i've but they closed IA per cent hover ss az 1S
% Philadelphia and Radn iGr incomes psr scent cent
70 II r. Northern Pacific consol Is were duli
and a fraction lower, but coupon thirds ieIi
per cent to 90 Denver and ko france -
suffered fractional losses. Reference Is made 70
onr full report of bond sales. which amounted 10
an ali ruied at per cent in the morn
ing hours but in the afternoon ia" rat" gradi-
ally advanced TO % per cent, ana az .oa-o .
rate rose to 90 per cent, and the last loans were
"'" Thc Clearing House statement was as follows:
Exchanges, Slol,95j,94'; balances, so'is...is:
The Sub Treasury was debtor 10 the Clearing
House Ssas, O37. Its net loss on balance was
SaI7 .439, made up by J, s'es OF Sas;tio In com
covered: Receipts, S2.5sO.390: payments, S?,-
,97,se0: resulting in general balance OF Ss?'-
5-i.135 consisting OF So?'o"f'oi COIN III" "'''
Ina Tinted states Treasury AT Washington ~
ccivnd to-day Sl.6,lo3 National bank notes Tor
The customs receipts were S6i7,5'o, the in
ternal revenue receipts Sis3,s4? and the miscel-
lancous receipts S2I,o,3 r. .,,,..,. y,
cash on hand and deposits in banks compares
VIII the figure, Of the last previous statement a.
follows:
Ne, gold on hand snG s5S soiSo7 Inc sSsSc
Net legal tenders 80 nm ,,. o,. ~ -.,..
Not silver on hanf 1931 SAC 7,3t6.6G Dee. SOL $50
Actual "a il IN to
TraSury vaults
tn ding -. 49,
certificates 1928 lAl OBJ Sl:Do.n 81 Dec $50 IA
Deposits bank. l2.i73236 Il.9)3.iI3 Dee. go SO
Net cash bal 924 80. si3s cat PAS Dec 1870 Oe7
The foreign exchanges w,r, strong and materi-
ak higher in IN" early dealings. hut duh and
heavy toward tho Close The lat" Weakness
due partly 10 the advan-e in money rates
CONN .rcial hills. Following ave fral nuot" tons
Tor acfual business: Bankers bills. 81 Fl LA
81 II l.! and 81 ~ l-ia:i So l.: for long and
s"crt sterling respectively French francs 52?l-.
and $50; rechmarks, - IL and o. 7-sao4 1919.
In London British con'ols were unchanged at
"a 11-IG for both money and tho account Tho
Bank Of England lost fi 600 bullion on bal
'nce: In tho open market money was In annie
supply AT about l-2 Dcr cent for dscounts an
"a PER cent for daily balances Bar silver again
fell Id. to 34d an ounce. American railway
sh"rs advanced fract'onah until near the closs
when trey ,s fell RAPIDLY. ending dull ami veal;
clined further II l2 centmes TO 07s2 10 shit
exchange on London advancing to 25Is francs