New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-15
CLOSING PRICES OF PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.


Thursday, September 14-p. m.
The stock market to-day was what is known
technically as waiting market. The speculative
buying evidently exhausted, and there was no
| other TO take its place The fortnightly settle
ment in London was being conducted without
disturbance, and the Bank of England reduced its
rate OF discount per cent, but the London ana
Ncw-Yorll markets were not less apathetic on this
account. In fact, the London market Is so HE
less that somewhat abrupt fluctuations here are
followed with some hesitation abroad Europe
is waiting for q decision the silver question,
but it is Incoming to he well understood that the
decision is somewhere i'll the dim future lome
investors are waiting for easler rates Tor money
as we'll as the expected action by the senate:
The country demands "A sound financial policy, and
the traditional courtesy of the Senltc appears 70
be the only obstacle in the way. Will the senate
put an end 10 the compulsory purchase of silver
bullion under the law Of $50 or will 1t again
make a compromise? The verdict i awaited
anxiously by both Europe and the United States.
The movement of prices today was, in In"
main downward The largest decline was suf-
fered by American Sugar Refining, which lost
about as much as il gained Yesterday on the
declaration of the usual quarterly divl lend OF $
per cent. There was no reason 70 suppose una,
the directors of the St Paul Railroad would
reduce. or pass, it's dividend, but for some I'M
explained rcascn the stock declined on the an,
nouncemcnt of the full dividend, and ~ the end
il was barely steldy. IL was second only 10
Sugar Refining in point q activity. VINE Inon
Pacific not specially active" II clo~'Fl az
about it's lowest point, with final loss of -
per cent Final variations We're divided. but
the declines were more numerous ana important
than the advances. The result was the more
surprising because the money market Is eradu-
ally returning TO normal conditions and the banks
are beginning ~ cancel al rapid rate tn" loan
correspondents and customers IN sore distress
The only obstacle 10 full restoration OF con
idence seems 10 be- the dclay in the upper house
of Congress in ratifylng the popular Will
TIE DAY IN THE BOND MARKET.
There were no transactions in Government bonds
at the Stock Exchange, and BIDS Tor extended
lbs were lowered l-2 per cent. Closing quo
tatons were follows:
BidAshed. - Bia.Asked.
continued at Scur6s I89ei0t
u.gis 1927 Hsps r Tss . ill., gss"fS IS.sS}
ns1s l soz , 5Sa' HI, ~ H. 9''fO'
The only business in State issues was in Ala-
bama currency funding 4s, at SO. There We're no
sales OF city bank stocks
The general bond market was dull and IN
fortunately lower. The movement OF prices, now
over, sluggish and in both directions: inc
final changes were small Richmond Terminal
issues were irregular, receipts Tor collateral 'rus'
IS being active, and after an, advance 10
% rs, closing virtually unchanged AT % a, ana
Is remaining firm at about "a. Philadelphia ana
Reading issues unusually active, but while
general As advanced the fraction TO 20 Ia the
incomes were inclined TO be weak. The hu"tud-
tons in special issues were not worthy OIL ho'ice.
Reference is made 10 our fnil report OF Dohd st"s
Money on call was easy at 3a3 IL per cent;
On time there appearance OF ease ana
loans for short periods were made at per cent.
The Clearing House statement was as follows
EXCHANGES 73,6I7, 325 balances, S3,366,346.
The Sub-Treasury was debtor TO me olcar,ng
House S603,7G0. It's net loss on balance was
made f ey los, is c oi The d e%
operations covered Receipts, S2,3321.s; pay
Incnts, s2Gs4, Oh; resulting in general balance
Of SIS ~ SEQ consisting of jO,C93,2SS coin ana
: The I'nIt.d States Treasury at Washington re-
ccivcd to-day $lO?,S0s National bank notes Tor
redemption. soo, a., l.;
tcrnii REVENGE receipts S49G,23G, and the mlscel-
lanec.s receipts sl3oo7. .o,.on, -,
cash on hand and deposits in bank compares
with the figures Of the last previous statement
as follows:
Sept, -. Sept; u: DiGerencsso
Net GOLD on hand 81 So SOL s37ls21l Dec. sG7oooo
y on , hand on nd 56ss 5o's6o Dec c95i7
Actual cash in the
oyer us's"ans oao 800 Dec s'9a7o
Dcposits in hank l. 2S7,oI6 l2.33Gi27 Inc 4o'-Il
No, cas, .,I sl27 eoy sOC sIe7 3s4Ol7 Dee. e5'25s
The foreign exchanges were quiet and, as =
rule unchanged The reduction III the l'ahk ol |
ENGLAND rate of discount had been anticipated so |
far that the exchange market was not ah n'
Following are rates for actual business Dam
ers' bills 81 81 3-4aS4 S2 IA and ~ ~ 80
81 So for long and short sterling respectively
French francs 5.23 ga and 5.2l IA; rclchmarKS'
ga Ia and % Is.
FOREIGN MARKETS.
The governors of the Bank OF England at their
weekly meeting lowered its minimum rate OF as
count from . TO per cent. In the week INC ,
hank gained G6I 1000 bullion, and the proportion /
Of reserve 10 liabilities raised from Oh 10 !
50 80 per cent against ii reduction from 1888
to as IS per cent in the corresponding week laSt
wear. when the discount rate was UNCHANGED NJ |
2 per cent The bank to-day gained f22,Ooo
on balance At the London Stock Exchange
British consols were a small fraction lower AT !
0s I-16 for money and 0s 3-lG for the account
In the open market money was easy at 3-s per |
cent for discounts and about per cent for bank
prs' balances Bar silver declined further Is 10
"a l-sd an ounce American railway shares !
were dull but at times strong. and the closing was
1t nearly the highest figures. At Paris French /
per cents fell 20 confines to 00.2j. although ,
tight exchange London was easier al 2j.2s
francs TO the 6 sterling. The weekly statement !
If the Bank of France showed decrease In specie I
IF 6,915,000 francs gold and 2.5j00oo france
silver.
J. A. Davidson has severed his connection with
spencer Trask d. Co, and has secured an interest
With the banking firm Of II. Amy e. Co.
49,