New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-11
LOSING pn1Crs OF PIIILADEIpHIA STOCKS
ON THE STOCK EXCHANGE.

y,
smou holders Of stocks showed considerable un-
eas.ness again to-day. but there was no heavy
selling movement; and large interests exhibited
indifference to yesterdays declines. and those
which were brought about to-day. The fear ex-
pressed in some quarters yesterday at the lower
ing Of the gold reserve below the magical $780,
coo 900 mark was not so pronounced, and although
there were mysterious conferences between
Treasury officers and representatives OF the bond
syndicate there was less talk heard OF possible
issue Of Government bonds At the same time
an Issue OF bonds would not take the Street by
surprise II 1t were earlier IN the season. With
the gold reserve falling, such action on the part
OF the Administration would be more OF neces-
sity, but just now the crop movement Is IN sight.
and unless estimates are very much In error there
ought to be speedy change In foreign exchange
and the condition Of foreign trade. AS shown In
this column yesterday imports have been large
~ in excess OF exports but for time at least
this may be reversed, and the necessity for pro.
tectng the Treasurys gold reserve by an issue OF
bonds may not be thought or until heavy exports
OF gold again threaten an inroad upon the Gov
ernments gold holdings. 1t is not thought that
the present outward movement OF gold Is over,
but some observers OF the situation think tnat
In a few weeks from now conditions Will have
changed The crop report published by the
Government late this afternoon shows decline
IN the COnOlt1On OF corn 10 per CcHt yin iV%.V
q month ago, and the general condition OF wheat.
both spring and winter. is 75.4 per cent. against
1871 In the same time a year ago. and "a per cent
in 1893. According TO the report, the prospects
OF corn have suffered from drouth. but even so.
the crop promises enormous yield, and the
slight falling off In condition from last month
is not serious factor. The bond syndicate did
not make good the gold reserve to-day, and 1t Is
now below $97, 700 000 but the Street appeared TO
believe that the syndicate could get all the gold
IL wanted from the city banks and that II would
restore the reserve to 500. 100000.
Covering of shorts caused occasional rally
in the stock market, but the majority OF active
stocks closed at declines from yesterdays last
prices. The volume OF business was much small
than in the last few days. and considerable
dulness and irregular1ty marked the course OF
trading London sold ST. Paul and other inter-
national shares. and houses with foreign connec-
lions reported uneasiness abroad on American
securities, on account Of gold exports and the
failure OF the syndicate 10 deposit gold with the
was the most active stock the list and II lost
less than II per cent from yesterdays final price
The lndustrials and stocks which have pool sup
port were generally strong. and the anthracite
shares displayed more stability. Manhattan Rail
way and Western Union were strong cover
Ing by traders who yesterday reached incorrect
conclusions concerning the dividend declarations
on these two stocks. both receiving the regular
dividends at the directors meeting this morning
BONDS-THE FEDERAL TREASURY
Sales OF Government bonds were confined TO
5000 coupon 5s'at ll6. The new 40 were lower
again to-day Quotations were follows:
poisoned That fact was established last week