New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-26
THE MARKET OPENS EXCITED.

will develop the fact that its managers are sun
legitimately interested in the charge winch 'ieS
have in keeping.
THE MARKET OPENS EXCITED.
The stock market opened excitedly and enor-
nous transactions took place In the hrst hour'
An onslaught upon Union Pacific was the feature
and the price fell two points below thursday
close. The general list withstood the influence
well, and that the confidence OF the foreign ele-
ment was not shaken in American securities was
shown in heavy purchases by houses with Euro
pean connections The speculation did not lose
irrgulanty until late afternoon, when hints OF
the practical insuring Of the Union Pacific plan
led TO a renewal OF confidence. Union Paclhc re-
covered its early loss and closed with o net gain
of nearly 3 per cent. Missouri Pacific steadled
itself and rose nearly per cent. There was espe-
cially confident buying of the stocks which ENJOY
an international market, and the Vanderbilt shares
came easily to the front The whole market
closed at material advances from Thursday night
strengthened by n common CONVICTION that to-day
might disclose evidence Of more harmonious ad-
justment of important speculative relations.
The current of gold from Europe is growing
stronger and the announcements OF fresh ship
ments stimulated confidence. The new engage
ments reported were 81 100000 consigned to
Lazard Freres. $4,000 to IIeldelbaoh lckel,
$500, 900 to Muller, Schall q Co., a total Of
So, 100000. As closely as the record has been
kept, it can now be said that SS,705,OOO gold
is aiOat for America. There has been 81 100000
already received, so that the September movement
may be called 81 l0,545,00 The steamer Etrurla,
due to-day, is expected to deliver considerable
amount Of gold and next week the arrivals will
be heavy and continuous. Brokers were graft
fed that yesterday the rates for call loans did
not rise above per cent although the Stock
Exchange rules carry loans over to Monday. The
heavy movement of funds 10 the interior this
week has prepared Wall Street for unfavOrabe
bank statement Less solicitude is felt as to the
money market, however. because Of the certainty
of the large arrivals of foreign gold next week.
cIrp-TpEA ACrrpv rEpoSrTs
The Sub-Treasury yesterday received deposits
from the banks for shipment to the interior of
$1,O50,5OO. The shipments this month have
amounted to $19,377,5OO, against S9,s56,O00
shipped in the entire corresponding month last
year. The shipments in July and August amounted
to S12,7sO,0O0, against Sl1,l30,O00 in the same
months of 1890. The whole interior movement
this season up to yesterday has amounted to $32,-
2O5, 800, compared with S2O,75O,OOO to Septem-
beF 80, 1890, and SIG, ,56U,O 900 TO September 80,
1899 Bankers look upon this large increase over
the same period Of previous years as Indicative Of
two things: first, cessation Of the interior de-
mand earlier than last year, and second, plethora
Of funds next year, when the current turns to-
ward New-YOrk. 1t IS significant that Chicago
has received about ethird of the total shipments
OF money this season, and its pre- -eminence as
Western distributing centre in consequence as
surcs a thorough scattering Of the funds The
pressure OF the demand for small notes for the
West and South is fretting the SubTreasury Off
GERS. and unless the demand slackens it is feared
that the Sub-Treasury will be compelled TO stop
the transfers as now made.