New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-24

MONEY MATTERS.

T. is clearly evident that there is renewed manlp-
ulation of the money market. We believe that
the power to manipulate it is so far exhausted
that il will be satisfied with marking steady
& per cent rate for call loans. There Is limit 10
the possibilities of any combination In the locking
ND of money With $l5,000,0O0 or S2O,0OO,OoO
of cash already withheld from circulation the
mower for further Withdrawals is reduced by just
SO much But there is another element that can
he worked-a sentiment based upon false repre-
sentations And hence we see wolves who parade
in sleeps clothing boldly asserting that the Treas
ury is calling in it's deposits from the National
banks and has in that way locked up some So7oo''
600 during the last three weeks. The statement
is absolutely more false than it is absurd. Yet the
bold lie helps to create fevershness in the money
market, and to make every borrower that re-
qures 81 90, 900 anxious to secure $500, 900. The
1reasury'S statement of net legal money IN vault
to-day compares with that OF September 80 as
follows:
Net gold ssP7H ISL ST. cS rs Inc s5ss
81 g. s notes, ' 5sS g sS 1"s Esss
Total sl07 8lo14l sI78 O7s 100 1872, o09
Here there is shown gain to the net cash III
vaults of $780, $50. If in the meantime there
had been no silver purchases and no issue OF
legal-tAnder notes in payment for SUCH pur-
chases that sum would mark the extent OF the
Ireaaury absorption, lwhrther its deposits in
banks have increased or decreased But IN the
three weeks the issue Of new. legal-tender notes
has exceeded $4,000,O00, so that the absorption
Of legal money from general circulation In the
twenty-four days is about 81 100000, and that
includes one week when the receipts from customs
were up to over SIS, 900 900 - evadc the pay
mcnt of higher dutxs under the new tariff against
usual weekly syerage Of about about SSSO1oOo
banks gives S24,819,74S against S24,S6l,3S2
ON September 90 We make the comparison with
the daily report of September 20 rather than with
II mhQr
the daily reports are made in the same manner
while the monthly of September 80, which gave
the deposits h nsnded sums sr oh OFF Of
Of "Theesry Villa if they really, believe thai
the Treasury deposits. in NATIONAL banks were
$50, o97,11l on September 80. Probably if they
had looked up the daily report Of September ~
they never would have tumhIcd INTO the stupihI1S
weeks withdrawn about S6,000,000 of its de-
posts from National banks, and locked the cash
up in its vaults. This continued cry of Treasury
look like an intent rather than the result OF
ignorance. II too nearly tallies with the pur-
poses of the money ,manlpulators much longer
to be treated with the lcnency accorded to a
crying child.
WHAT WAS DONE IN STOCKS
We have treated Of the money sentiment very
fully because it again is becoming menace L" val
ucs. We have shown just how mach there is IN
the renewed talk and repettlons OF treasury &C
cumulations, just after II has added S6o,o0O,ooo
of legal money to the general circulatloh put we
should here add that last evening we fully eX-
planned why il was that every monthly statement
of assets and liabilities showed deposits Of about
$4,000, 900 greater than the statement, of the day
before and why, after the second or third day Of
every month the daily statement showed cor
responding decline in deposits
IT today was the menace Of 1r r mo n SnSn
certificates that checked operations and put me
general market all!y r. the
Hroi OF the bcMscn the SYNDICATE in sugar
certificates and the manipulators in money
than generally is suspected. Representatives Of
the large sugar interest are large borrowers or
ST ocks in the general list. Is the ioaded-dice
game in Sugar certificates held as club I" pro;
tcct larger short" interest in the general
not prove to he a very effective club. With
in nearly 100000 shares and o.
cline from y - to 81 IL 1t supply y,a n'tu rc ,le
thing does not show some declines, Dnt al'cr
the last two days advance; with the pressure
brought to bear against values tne loses arn
it's gross earnings for the month OF
September at 81, 03O65s. gain on last year OF
ia per cent lower than last evening c,o; ST.
Paul to which special attention was given, closed
OIL rs per cent, burlington and Quincy
IS or per H eS1s Isn s and Nashville
of. MISSOURI Pacific 5-s of. North American Is
of and Atchison rs of. The total transactions
and in the unlisted department l4!.s?3 shares
The manipulation of sugar and its dechne IN
figures to-day probably cost the Board members
a loss OF commissions in the general department
four timez the sum paid out OIL S! orders IN the
whole unlisted department. Perhaps it is not
generally known that the firm Of Z. &. Potter
& Co. have a Board member, and therefore are
entitled TO have all their business done at ::
per 90 shares, not only in sugar but IN STOCKS
Of the general list. A.,
Notwithstanding the declines under, the mn.
n;nulatjon the market showed strength, and II
closed firm at the figures.
THE BOND MARKETS.
There were no sales of Government bonds Mt the
S,nck Exchange but the quotations In the face
~ frmer rates for money were held firm as follows
I'D AK. BID. AK.