New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-09
RELIEF IN WALL STREET.
THE BUYING OF BONDS AND IMPORTATION
OF GOLD.
GOOD EFFECTS OF SECRETARY WINDOWS ACTION

GOOD EFFECTS OF SECRETARY WINDOWS ACTION
RAILROAD PRESIDENTS To MEET.
Good news came freely into Wall street yesterday
but it was not ,ecsted until IN the final dealings
when prices in the stock market rapidly from low
est points one favorable item came SUNDAY III
the announcement that secretary Window would buy
S5,OOO,OOO Az per cent Government bonds at a
reasonable price. Before the close Of business YES
terday dispatches from Washington had assured the
purchase of practically the entire at cXtrcine
price which did exceed saturdays closing bid in
the market by more than per cent. The other en-
couraging features the beginning OF movement
Of gold from London TO America and the issue OF the
call for a meeting the Western presidents here next
week The day closed with general feeling OF rehcI
that the fOrcbodings OF saturday had mol been iVaIen
The actual engagements Of gold announced yesterday
were extremely large Kuhn, Loeb X co. ana
Heildelbach. Ickelheimer & Co. ordered each 9oVo'ooo
August Belmont Il co. ordered T2jOOoo Htcrllha
exchange rates however. were reduced sufficiently to
the expo tation that heavier amounts Wonid TO
drawn from the plcthoric Golfers Of the banK OF
England. II was rumored that s\ ndlcale ma pcch
organized 10 import SloOo00o0 and an)hcr story
while mentioning the amount. credited the 'lear
ing House Association with the intentions in TINS re-
gard These reports could not be confirmed but 1t Is
understood that several prominent banking houses
have been arranging for the import Oh Iarsc sums
OF gold from abroad and have peeh SupPo'lc"
by several OF the city banks VINO are surviving
movement is concerted between the banks and
the foreign banking firms may be denied technically.
but il is certain that consultations have been held
which are likely 10 bring S5,0O00O0 to $1O0ooO00
gold 70 this side of the Atlantic.
THE BANKS WILL HELP THE MOVEMENT.
The leading banks are pledgng themselves TO assist
an import movement by every means in their power III
the way Of accommodations in loans pending the actual
transfer of the money. and il is even suggested that
into service if necessary. The essential idea under
living the proposition il that many stocks are cheap
investments, and that with the announcement of a
demand at tho ruling low values the need OF meT-
chants press securities or co.acrals for sale Will
be diminished. The city banks are not hesitang over
the issue of Clearing House certificates TO lessen the
danger of liquidatons. Yesterday there were $1,000
600 certificates issued raising the total amount T.
sl34O5,OOO. The Boston banks have also been liberal
10 their customers. dispatch from that city saying
that 100000 additional certificates had been an
thorized making the total amount $5,oG1,0c0 Some
banker, crtcisc sharply the extreme Conservatism OF
the Chicago banks in neclccting to issue Clearing
Uouse certificates Chicago j. buying all the domestic
exchange bills it can in surrounding centres. IN order
10 reduce its shipments Of currency 10 Nc"lo rK 70
minimum. Money on call at the STOCK EA'hah2o
rose 10 per cent annual interest ard commission "i
IA per cent per day, hut the expectation oil heaNN
GOLD imports lowered the final rates
PRESIDENTS TO MEET At MR. MORGAN'S HOUSE.
The meeting Of the Western railroad presidents has
been called for next Monday the house Of J.
pisrnont Morgan in this city. Western dlSpach
say, that the proposed agreement for a new ana CON
prchcnsive system fer maintaining rates has been
sent West for examination by Chicago, Burlington
and Quincy officers. 1t j. understood, however ua'
the Quincy Road viii be represented al the meeting
So far a, can he learned the other roads that VIII bee
rcnrcscuted are the Union Pacific. the Chicago ana
Northwestern the Chicago. Rock Island and Paclh''
,he Great Northern (Mani'oba, the AtchiNon lop'"'
and santa Fe. the Missouri Pacific. the Missouri
Kansas and Texas the Chicago and Alton the 'h'as'
Nuln..lce ard Il. Paul tho Northern Facln' ana u'
Southern Pacific. High hope, al" entertainer % tc
oucomc of tho conference. The general terms o. III"
suggested organization have been published IN me
Trluno The details will doubtless be worked on'
at ci,ur, after the coming meeting has enlph"ucdHH
approved the broad lines.
4 meeting Of the Executive Committee OF the Union
Pacific Yesterday appointed :. II. II. ''arN' nv"
general manager Of the Missouri Pacific a ee'r'l
wa,occr # the Union Pacific. Al mecuhH
lator Of the Union Pacific Board OF directors '''
Clark will be elected vice president H. W. H"'''o
the present general manager, has been maze a''','
~ MIR Clark Mr. Clark will retain h> charge I'll WV
op.rstinc department Of Missouri Ia ne bu' "o WI"
receive the help Of assistant General mdNa-o'' WIN
Ia, not vet been officially decided upon .
,tt,r the meeting President >dnc' DIXON said VIII
cmpha,i,: ~Jndcr the ne" management You VIII Ao'
600 r,n,rs shaving heavy Increases 80 operating ~
NO. In i'm. Tuton Pacific will sell at par. me
1~o.> ought to holp get tOnclc~- 10 FcidiH tI uD
J., - ,,.r ceIi for 100 Irar~. Then the mon Pacnc
,r,1lt 10 aLl. 10 meet tie competition Of olHcr f'aH,
mi ar, not douhy burccued win dc1t' a'o u d''
The West alike would he bcnch'"i'
WORK Of soME OTHER JAY GOULD.
Jov Gon,d. 10 whom a Tribune reporter showed
disnatcb from IIutchin,on Kan. Announcing ne"
prrchasc, in tho town for the purpose OF putting dp
new, al, plants ard also referring to an alleged de'o
NJ Mr. Could 1, shorten the Missouri Pa fc Inc Fpm
- Louis - Denver by forty eight miles. sad: Ih''
* all done by the other Jay Gould ne ono VINO -
roaming Al over the country and WorlhhS Al eN'IH
thing that ! know nothing about. II" y 10, '"'
Law Gould-he is a mystery - me A goal my >t'rI 81,
Ah1r indnlcing IN hearty huEh, Mr. '''" -i'u
in reply 10 other inquiries: d)ut KNOW a. ,.'-
ahnlf lin. rumoYs a. 10 the In!pn P9ihc nttuNr
dnbt EXCEPT A. read them in print or hctr 81 uirn'
Tho cnn,,ary had 10 pay &3ODOOOO Tor new cup.
ncu. which il badly ;cedci, and tie people Naht"o
tlnoir money That has all been arrlu geo, Iuu lH'
comnany receives 100 U@w iOcom0tNc eNrlh'' diu
between 600 10 600 freight cars. There H. great
SeaI ~ wheat I'm the NO,1 hwc-t. which couGh ne
ynovod On account Of the s'arcitr Of car. We nave
money on hand 10 meet our Interest ana - we Ie,l
that we are N Glove Mr.. GCuld spQt" h"pniN
~ nv, prospect II gold imports. AID addfd ms
Va, decIire i briuglpg on the Investor, again. We
have evidence of this in tho cutting up INTO small "e
~ M. sosI,i Pacific certificates 70 day
4 vol known commission broker VINO saw Ff'@l'Ii'h
7 Ames Of Boston. within few day. said yc,trNlay
,L.t MIR .nrs declared that The floating debt OF the
I'"ior TaciGc va, not hah The amount figured out
In Wall >trre aud II was All PROVIDED lr III aiutVn
the company hcld clear s23,oOOooo bonds III It's
treasury. ,,...i,r .,,., ~ ,tcbi
son. Topeka and santa lie had n" SiVooooo i'll
floating debt.