The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-06-17

NEW YoBK, June 17.-The stock mar.
ket to-day was dull and heavy. The
decline In Whisky Trust was ostepsibly
based on the action of the directors In
reducing the quarterly dividend to "a
per cent. against per cent for the
previous quarters. The buying and
selling, however, were apparent for
the same party OF operators, that have
been prominent in tie certificates
eince their appearance in the stock
Exchange. The engagement OF $500,
600 moro gold orexport did not affect
prices. tho move having been DIS
counted.
Foreign bankers expect large
amount OF gold to so out on SatuI-
days steamers the ma jority OF esti-
mates placingthe amount as high as
81 100000. Kunh, Loeb d Co., to-day
took 100000 from the sub-treasury
Tor shipmen ton Saturday and heavier
withdrawals are expected tomorrow.
The steamer Norm ANNA, which sailed
to-day. took S2,5i0,000 in gold, which
is said to he on direct orders from the
Bank of Germany.
Tho belief is that the gold is wanted
by Austria under its proposed new
currency laws. Lazard freres say
they have not heard that the new law
hnu yet taken effect, but that evident.
~ II Is expected there to DO made Of
iective. Tho gold now being shipped
Is being paid Tor by the Imperial Bank
OF Germany five or SIX days before its
arrival without interest on the deposit
OF collateral.
Richmond Terminal declined on re-
vlved reports OF an assessment. 1t Is
stated by Georgia Central people that
Ret Conner can obtain n loan with
which tn tina Int ~, In.
but he is trying to arrange for the
Speyer loan at the same time. Presl-
dent Oakman. of Richmond Terminal,
Is expected to return on Monday. A
gentleman who has been in consuita-
ton with Drexel, Morgan IL Co. says
that although the firm las not an
nounced yet that 1t will proceed with
the reorganization, there is evidence
that it will do SO. MIR. Samuel Spencer
has returned
The directors CT the Tennessee Coal
and Iron Company had long session
to-day TO discuss the purchase of the
lie Bardeleben property. On adjourn
ing, President Hiatt said tho purchase
OF the property had been confirmed,
and one OF the directors said that the
title deed had been deposited with
trust company, together with the S.,
100000 OF stock Issued to pay for 1t.
This stock will be distributed rs soon
rs the De Eardeleben stock is received
in xchange.
The 3tts per cent. seml-annual inter
est ON the fist mortgage rs OF tho
Valley Railroad Company of Ohio, due
yesterday, has been defaulted. At tho
Offices Of tho Mercantile Trust Compa-
ny the statement is made simply that
no funds have been forwarded to
them. The road is controlled, but
without any guarantee of interest,
by the baltimore and Ohio Rairoau
Company, lilo issue of these bonds
is sl,te0. te0, and the half yearly inter-
est cali for $4,000. The road runs
through good country
Anthracite sales agents ncot to-day.
NO business was transacted beyond
consideration of trade conditions. On
the 2Dth inst. meeting will he held
for the purpose OF liking prices ana
output for July.
A meeting OF the creditors of the
New Oriental Bank was held in Lon
don, at which 1t was decided that tho
bnnk should 80 into voluntary llquida-
ton. The bank failed on juno s; liza
bilitleS amount TO Is, 500, 900,