New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-20

late monetary disturbances" have been consp,,o.
nous for shyoclxing To-day 1t made la,e Jas
for loans which at :4b it was trying 10 rep,acd
~ 90 :, % ma, emit IL failed, and the rate dropped
go 6 per cent. with part of its money unustn. AS
before said. II is necessary for the convenience
and economical working OF the treasury tIse
depositorics upon which IT may check icS local
disbursements. It's total deposits in National
banks now is only about s23 900, 0oo IN eHcess
Of rhn averages before Secretary FaircMiu IN
creased them while waiting nor Oon-
GresSional authority 30 proceed with
the purchase of bonds. ana as rs , we
voluntary action Of the banks s7.ooo,o0o during
the last twelve months Any action OF the Treas
nry by which its deposits in National bangs
at Sub-Treasury points are ao9lisnee VIII "'''
WHAT WAS DONE IN STOCKS.
We bovs told n story of special interest to the
commercial and mercantile community, ana AT the
same time have related the prnclpa iactor w nr
since o'clock Yesterday mas peeh uoi m %, ,s
of depression at the Stock Exchange. Inc peaLs
were large buyers of stocks on Friday 2atur1day
and Yesterday till after ! o'clock. 10 . .nei I
efforts TO recoup was largely due the yestera ,t
mornings buSyancy ,b hne REr a@g revolution on
Fnropean finances and then OF the treasury
withdrawal of deposits In the Nallonai nan nn
and began TO resell with greater wv W. an" uuo ,bo,n
the credit of having greater conhuence IN ehe
effect of their absurd talk about the witndrawas
of the deposits than in tneH true opIloh VI oie
effect of such Withdrawals. Nevertheiess, ~ WINS
used talked about repeated, printed ana re-
bearscd 70 the extreme point OF absurdiT. Inc
local money market. manipulated py some Nationai
hanks. was pointed to as continuation o. ue re.
suits likely to follow. or course aIter tns isrHer
oovering Mt material losses up to Yesterday noon
sucb talk and the energetic putting OUT o. new
Contracts was not without its ehect on n hmited
OnonIatIvc market Prices yielded to sharp pres
spres of sales at lower figures than me
D sSortss had covered yesterday. But despite the
oninulotcd monetary situation, the railroads con-
tir,ie IN report phenomenal gains IN earnings,
md u,c are really anxious If the last cohdluoh Oh
'o.dav's principal' sellers of stocks Is not WORSE
tEan the first ., os usod for moro
than il is worth at four cents per pound aVolrdu-
nois TO- aid the depression; but IT has lost us IN
fncncc and never again can regain ~ except Dy
tbo grace of the governors, The COTTON vi re-
constrnction halts the date for deposit OF certi-
oates for the change into corporation uhder IJie
Laws of New-Jersey has been postponed M DC
cenber . What is wanted in Cotton Oh is h0t
reconstruction but a statement OF It's actual conqi-
tion Every development made proves that tne
last official statement was incorrect-we use mia
term The Reorganization Committee was not
charged with an examination OF Its AFFAIRS, ana 10
has made no statements regarding them except on
the specified authority Of the trustees
THE DAY IN THE BOND MARKET.
The Treasury purchased s20s,l00 bonds per
cents. sss1OO at 1874 and A l. per
cents s1 90. 900. at % "a. There was no ousi-
ness in Government bonds at the Stock hxcnange
Annexed are the closing quotations: