Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-09-26
FALL IN GOULD STOCKS.

Missouri Pacific Suffers u Loss of Six Fer
sent From the Opening Price.
NHw Yonx, Sept 26.-Although tho activity
in Union Pacific, Missouri Pacific and Atchison
was still very great this morning the trading
in the rest of the list was only moderately
active, while the strength of yesterday was
continued and further gains were made in
everything traded in. First prices wero gen.
sraliy slightly higher than the finals Of
last evening, but Canada Southern, Union
Pacific and New York Central were each up 3.
per cent. The yanderbilts were again the
strong features Of the market and Lake Shore
rapidly rose from 1913 to 125. On the other
hand Missouri Pacific, after opening up per
cent at 6s11I, was driven off to g., recovering
only portion OF the loss. The
strength and fractional advances occurred in
almost everything. but late in the hour the
Goulds we're again attacked and Missouri
Pacific dropped to 66. and Union Pacific sold
down TO 42sI against 1897 at the opening. The
general list was well held. however and at IL
o'clock the market was active and strong at or
near the best prices reached.
The weekly bank statement shows tLs follow
ing changes: Reserve. decrease, S3.7iS625;
loans, increase. s3.227, GOO; specie decrease,
S79, 800; legal tenders decrease. "a 14S 300; de-
posts, decrease, s1,9iS,3O0 circulation. in-
crease, sec, 500. The banks now hold il, 007. =
125 in excess Of the requirements Of the 25 per
cent rule.
Money on call has been easy, with no loans,
and closing offered at 8. Bar silver, SO Prime
mercantile paper il dull and while the supply
is good there is no pressure to sell. Quotations
are nominal, with sixty to ninety days in
dorsed bills receivable at Ss{aG per cent.
Four months acceptance, 6a61<, and
good single names with from four to six
n "a A..
and steady, with actual business in bankers
bills at $50 for sixty days and 4.S3 for demand
Posted rates, 4.s1 and 4.S4. Commercial bills,
4.7g1 and 4s71z.
The clearing house statement Of today is as
follows:
Exchanges, s165. ss5,s71; balances. s4,51s,-
sos. The subtreasury was debtor at the clear
ing house today S23l .666. The official report
of the Mercantile Safe Deposit Company to the
stock exchange shows: Silver bullion on hand.
4,06s, III ounces; deposited, 6l,527 ounces;
withdrawn, 5000 ounces; certificates outstand-
ing. 4.067.
Government bonds dull and steady to firm.
State bonds neglected. Railroad bonds fairly
active and generally heavy.
The stock market after II o'clock was not 30
strong. all support seemingly being Withdrawn
from the Gould shares and further material
souri, Pacific. Union Pacific tell away to
Az from 4s, while Missouri Pacific was
knocked down to 62x, loss Of
per cent from its opening price.
The rest Of the list responded with only
fractional losses, although most stocks were
brought below the opening figures. The bank
statement had no appreciate effect, although
showing large losses in cash and the surplus
reserve, and the late trading developed a firmer
:aIs. the market closing active and firm at q
shade under first prices i'll most stocks.
THE CRISIS PASSED.
After the close of the exchange it was gener-
ally believed that the market has passed the
crisis safely ard that the worst effect of the
Missouri Pacific incident was over.
The Union Pacific troubles are now consid-
cred out of the way. John A. Stewart one OF
the creditors committee, said that the sub
scriptions to the notes would probably close on
Monday. He says that Gould il now the warm
est friend the company has got.