New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-18
Help FOR THE MONEY MARKET
prs1.LT OF SECRETARY WINDOWS PRO
GRAMME.
,.vxrRs MORE coSF1DENr-rAYMENTs AT TIL
suB.THEAsURY-HEAvY DISBURSEMENTS


srp.rREAsURY-nEAvY DISBURSEMENTS
EXPECTED TO-DAY.
General relief had already been felt In the none,
market in anticipation Of the success OF Hce'e'"'
WINDOWS programme Of bond purchases. h"tS "'
cal, loans fell Yesterday to per cent as the maximum
with lower figures quoted before the Close OF business
rh. announcement early In the afternoon that thc
Treasury Department had received offers not lar from
double the amount Of per cent government oo'uN
which were advertised to he accepted NJ rcaso'"oo
priccs increased the confidence OF bankers ~ "''
learned that some Of the banks which had oecn ac'"S
recently with excessive caution wcr" already DcslhK
70 buy commercial paper. There Is little doubt OK
that the monetary st-ngcncy has been broken
and II will require only few days to place Aini"''
the entire amount paid fer the per cent purchases
at the disposal Of the New York banks
The detail figure. Of the bond offerings and purchases
will be found in the Washington dispatch In r"uhd
numbers the total offerings under secretary WINDOWS
circular were about So, OOO.OOO The Sub Treasury
here received dispatch from the Secretary soon after
lo O'Clock saying that $l0,7G6.0O0 fours had been
accented "at 1o6 "a and undcr.' Tic Assistiht
Treasurer authorized to pay for Sl'oooooo p"hu'
here Including the premium the purchases OF yes
tcrday mean the disbursement Of over s2l ,OOo,ooo
soon after the Secretarys acceptanccS were announced
sellers Of the bonds began to send in to the subTa'nr
to collect their money and by the close OF bh"ihc>H
Cashier Muhlenbcrg had paid out $l.1GJ.OOO on This
account He a!so paid for S271 100 four and halls
and prepaid 1872 800 In interest the fours ana on
the CURE .cy skies under former circulars In ludnG
the estimated payments for pensions now due the total
disbursements By the ubTreaSury for bonds and pen
sIoIs amounted to abont S3OOO,0O0. On Tuesday the
Sub1rcasury payments for pension accounts were
unusually large exceeding 81 100000.
No statement given ont by the Treasury Depari-
mcnt "a to- the Institutions and firms which offered the
bonds that wcre accepted II was learned thai
81 100000 bonds had been taken from Harvey FISK
& sons and S2.IOO.OOO from Drcxcl. Morgan N Go.
These firms acted for other holders, however 1t was
generally believed that about SOO0.OOO bonds had
been turned I'm by the standard Oil Company. and that
other offerings accepted from the United States
Trust Company, the Farmers Loan and Trust Com
pany, and Winslow, Lanicr q Co. There was doubt
a, to the offerings OF the Vanderbilt family but the
prvpondeIant opinion w;H that they had turned In
part Of their independent holdings. Heavy payments
arc expected to be made By IN" sub Treasury to-day.
The stock marke; carly expressed its conideIc In
AN improved monetary situation, growing ont of Mi.
Window, successful programme by gch.rdi advance
In prices. The late b,.ir raidns was founded upon
sensational report Of Eo>ion failure. whl'h ~" b'S'
Informed brokers later declared W., Oi no consequence
70 tho street An absurd rulIOr WAS also started u
the effect that the Trea bond purchase, we're T"i
English syndicate that would take the MONEY ca,
OF thu country. The a,>lid!ly OF thc rUhior ro''"Si
IT ot influence. except upon the most weak ini'"cn
persons.