New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-10
AN EASY MONEY MARKET.
RANK PRESIDENTS HAVE A MEETING.
LOWER RATES FOR GALL LOANS ENERAL NEWS
pNCouRAGING-ACTIoN OF TIE FARMERS

,,xio,y slont TN money market Their effects were
immediately seen I'm for call loans al the
Stock Exchange Yesterday and in somewhat h'''
,i.,tifuI snnplies Of tine funds A meeting 4 BANK
presidents was held at the Bank OF Commerce earN ll
the day. Among those who were present were fFe"
crcls D. Tappcn. Of the Gaatin J. Edward slHihoHS'
Of the Fourth National: J. ID. Nermilye OF me l'I
chants: George !. Baker Of the FIRST NauoHa''
Henry W. Cannon, Of the Chase George 5 Coe' o. 'l''
American Exchange, and William H. Perkins OIL the
hank OF America. 4 dozen more were lhVI"u T"
the meeting on the night before, and conspicuous pN
their absence we're Presidents Perkins Of the LII
portcrs and Traders and Williams Of the Cliel"Oa'.
The conference was informal. although there was %
course full discussion Of the questions relating 10 'h
foreign exchanges 1t quickly o'''oNcIo"
that all the banks represented at u'e "'o"''
lad helped their customers who We're ucd''i' ~
.x,harcc There was no need Of further as
cuss Dn and the meeting con -cqtch'N 'u'"''0'
in the best OF feeling and with mutual aN,""l'V'
that fhc sane liberal course should be pursued soon
after TIL, meeting the directors Of the bank OF tom
merce authorized the executive oihceiN l" ''"e '''
Clearing House certificates as W'H c"Nr'mciN ''r'''
reauire if they could not sell commercial bills ~ cN
change The influence Wa AT once ID E'NW {"
higher prices for stocks. Bills that were previously
unstable became quick asset ana rates loI eA
change on both London and the Continent sV"cne''
The Clearing House certificate, that were tNeh on"
Amounting - II $4,000. were not on ms account
,oyycver and If the total amount % Sl421ooo only
mill ror,ioD has been issued for relief of dealers
in foreign exchanges. The fact was contrary 10 poPn
lar belief because il not commonly supposed '"d'
banks were in need of money for any other purpose
The BOARD of Directors of the National Bank OF
i"' ~ ~, t, .ok aotop a, their rc,olu
N'''"'' " " 4,. w .vr to ,.,lievpg the present
Nv" d,,,ro.s,or and kcepiuc the commercial
machinery of the country in healthy activity author
ling the purchase Of large amount OF S'erHHE -
i'e ~ 49,. 4,,ir., ONT ~ such Clearing House
change. and the tflhS o"' VI sun ,,t,
cHrtlica"' d. NAY NC "
INTO cne,,' ILL.,. ,.0ro the i,,rort. 81 sp,cie
III "'u'"'" ." a. -,..,, hank. I'M, General
and the a'1oh VI arc -. no usual
news was oil an eH'oua-'"7 -. , 3D..
dividend, were declared ny inc
Western Union telegraph Ooml'NN7' ",'' '"'
Of The Rock Island ana the H. I''' N''"''u .,,
pdulc~ to the preliminary "-i'''"''
Presidents Gable ana Nh'Ie' "'TN 'N 'o y, L,i,.
ard said THAT tiey should ieI'''" ~ -
al j. feIpo"t N''-'D i'". ,,i,nv w. in ,oyyn
dent RIM OF ''' 'I''' W. - =, La, .i.-,,d t,.
but 10 could not Pee IdiNe' "'V'''1- '' '
agreement OF V,'i. ~ Chc,,o la. been OBJ
oI t'e I''"'l"' " ,t .,, Iva ,l,licad a.
u,.'> a,, rr,,.,et or details. no doubt about
,. ..,.r,.,i.,l lv railroad men.
Tie dividend oi tle "e>'." .'''' I,i-,oo wa,
pany, recommended ly the tN''t'Nc
u"'I'a. w." az .,. =, NOR ,crt f,r the quarter 1t
"er' S'''tu ,o n,,I I,..,tpr Of the board today
nav override tb, decision for il IS admitted that Dr.
rd a
other influential directors are III ia''F % r">"7 0
dividend rae u q, has nevor roen overturned
u4'l'''" ~ '' -. f.. it, bol,lf YESTERDAY that
On ADVANCE in the rate would have been considered
,n Wall street A, merely speculative one. The same
argument WIZ ma lANo' p'DJ'u' t' c,arv "a,
especially as tho STRONG PoS''@' "a ''
'"irS ~ - ,a,,cod almost from the open
The stock market ADVANCED amos, i'o' ,,rn.d
ns under the favorable o'NcopHio''' ~ -
during the day. The closing was 'u"'s anu '"
fdent, at advances OF : 70 per 'c"', ~lrio otr
leading shares maze sun IarseI eu'S nov CENT
first in activity and IN gaining hS'f'S ~. ,r
Dispatches from hOs'on' - w. as gna,inc dcht had
ton obtalhaDie he'o' N0'C " -, &C. "a
been greatly exaggerated flcuor''h L.
Boston, WHO "AS u-''''
mina'iluon' "a' q"o"u 90 ~ ,,,u,s have
, 'TTdi,1,sned are The worst Union Pa
rGc viii show for many months. They tell IL from
omaha that Novemn'I Shotu S'"n a.. ,. IN,
anu AMI, l, brt bave been 80 much disappointed
WO\cheIit' Gl' --' En-, a., ,ot llle to trou.,,l
ID our nol,i4Nu b. ia. t1rrycd thar wai j. -oil.
can better 'eu "hI' @6 -" XXX "g - trI.tlc ali Inc
u IT,. I.ots ~ he Union Pa. !lc. turned
over Tire balance 'i tie nor ~ ,. ,, IoI6c and
We pei nccn.G dining thl, year $50. 900
thcN nave ,,'".r 49,. .f,rl,.l fved charges
Z. per 'THt D'h %, Inv nearly 100000. bit ouA
o. to i,f Of tns reduction win show iu ~,
tuot' one nam M NV. outstanding only *6.S5G
year report I'M !e, irG J ~ ,lr.r maturity
900 Of these pr cen. D'Au,. anu n l ti. en-
tiHe is-'c, and uelg vi" ,,c TrSp Inc land as.ct-
EMd notS dIc P'u, 81 I.,il, U,r,0r tr.3ei,ry
T. De converted mo '' NH', -" =, l,nn nn.
Ihe tG'icc' %, 'l iq IN t, bS1ds' Be-do, hi
Nests. could ana SAGE tdFr a"'''' ,d.t..
o. l1Ad t a, F they iIvc c,acd SOL 900 bonds
50 FAR tlo \etF' ,i-'t' 80 I. ,ni lad - nav
?g1T T. 'er cent urol if, floating debt AID much
Of il runs a, d o., ,,r L,ut. where &, viU no.
%l GIL anu ~e - il t.- Lccn h.G by W, Gould
y dis,IIbeu ~ 20 t'is month ana v..r;
very icW oil G U ,1i,r,
lev OF lhcM II "'''''' .., l.,
The upward course of price, was not distnfbe1 by
fcv, failure, reported from Io~tOu ard Pl'adeipna
-, SLIM. ttat of Coutou Clauqccv & CO..
one oihaH H"IuIe' t''' D." "a, ,
was ANNOUNCED al the N'''" HA'.'"-' ''o ''' '''.'
,od D., outstanding contracts, and it, lablitlee were
49, i ,, o.. .,c,.t 500 900
s"-u "'' - d., -. ,, ,.-e u, wall
Al az