New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-15
CLOSING PRICES OF PHILADELPHIA STOCKS
ON THE STOCK EXCHANGE.
Wednesday. August IA


Stock Exchange transactions continue small
and trading Is dull and featureless. Large hold
ore ~ stock are content to keep their securities
under lock and key; there are few men In town
who can afford to deal extensively in stocks, and
only the small traders who work for paltry profits
are interested In the present course OF prices
which moves up one day and down the next. from
the first part OF the week to the last. There are
few selling orders In the market, and 1t is hard
to buy. except at big advance. Continued ex-
norris of gold may cause heavy liquidation but
fortunately the holders Of securities continue to
look upon the bright side of the situation. and as
vet they have not been frightened by the with
drawals of the precious metal. because they have
faith in the powerful financial interests in whose
hands the Washington people have placed
the finances Of the Government. and because gen.
eral Industrial conditions show daily improve
ment The stocks which advanced yesterday
fell back to-day on profit-taking sales, and the
movement In the coalers. which yesterday gave
indications Of being based on some information
concerning the so-caed coal deal. was light and
disappointing. prices declining and transactions
being small. There were some fresh reports
from the crop centres predicting damage TO corn
by frost but such rumors had no material effect
upon the Granger shares. There was no move
ment in any stock which calls for especial COM
ment and outside of the sale Of the assets Of the
Distilling and Cattle Feeding Company TO the
Reorganization Committee there was no news Of
any moment. The price paid for the Whiskey
Trusts assets was $s,sOO,OOO The new company
which will carry the business Is yet in its in
fancy. but 1t is probable that active work will be-
gin at once. and that an announcement will be
made to the stockholders within few days. All
of he princ efn n
fractional declines from yesterdays last prices.
The bond syndicate made further deposit Of
gold at the Sub-Treasury to-day. making the
total amount thus deposited for the week to date
100000. Whether or not the syndicate will
continue to make deposits depends probably
upon the extent of the present outward move
ment Of gold. IL 1t should continue and assume
large proportions the question might then arise
10 the syndcates power tC control enough
gold to Offset that Withdrawn for export. for II
must be remembered that the banks not In
favor OF turning over their gold holdings to the
Treasury under Its present bad management. and
that number OF the banks are members OF the
syndicate. The gold holdings OF the NewYork
banks are large and the banks arc satisfied with
keeping them In their present condition The
syndicate Is reported on good authority to have
on hand only 100000 gold. and perhaps II will
be forced to import the gold from Europe. which
II promised to do when the contract with the
Administration was first mad. That part Of the
contract was modified The gold Withdrawals
to-day for export amounted to Nl500OO. which
makes for the week far 81. 800 900. While for
eign exchange bankers and others predicted last
week that the end Of the export movement was
in sight, it now looks though they were mis-
taken, and Saturdays steamers may take out an
amount OF gold which will bring the total for the
week 10 more than $5.0O0.0o0. Actual conditions
In the foreign exchange market remain I'M
changed. rates for sterling exchange holding at
the highest figures on record and the supply OF
bills remaining very small. Gable transfers are