Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-04-21
THE MONEY MARKET,
Loans Called in and the Rates Rise
in Wall Street.
DEBATE ON HOME RULE ENDING.
Receivership for the Pennsylvania
Steel Company.
LATE TELEGRAPHIC NEWS
DESPITE THE GOLD SHIPMENTS

Wall Street Exhibits Firmness-Withdrawal
From the Subtreasury.
NEW YORK, April 2I.-The stock market
opened frmer, but the improvement in prices
was merely fractional Missouri Pacific was an
exception, declining e, to 46}s, and recover
ing to Az. After the first hour sales of Rock
Island. lead and Northern Pacific preferred re-
ceded 4 to q per cent.
The market after an advance Of IA to x at
the opening became weak.
The decline, however. outside Of . few in
stances, was comparatively slight. Distillers
fsii Oh to 2sa. eordage, "a to 5sA; cotton
Oil, II to 43s1, and Lake Shore, to 126k.
The other losses were less than q point. 1t
was noted that there was an entire absence of
excitement and that the market showed far
greater resistance than expected in view Of the
enormous gold engagement and the inability Of
the street to fully grasp the meaning Of secre-
tary Carlisle's pronunciamento.
At 1890 a change for the better took place
and an advance Of Is to ~ took place.
The movements in stocks since II am. have
been devoid Of special interest. Some few
shares have declined, but the general list was
tolerably steady. The fact that London bought
to the extent Of &c, 900 shares helped to sustain
the list. General electric was noticeably weak,
declining ~ to $3.50; consolidated gas rose ~
to 1881.
At noon the market was weak in tone.
Money on call is firm and higher at 5a7;
prime mercantile paper, 1salO per cent Ster-
ling exchange is very strong with actual bust
ness in bankers bills at 4s7Sa4ss for sixty days
and 4S91sa4s954 for demand. Posted rates,
4s81Sa4901S; commercial bills, 4S6$la4S9.
The clearing house statement for today is as
follows: Exchange, s1l4.s4s, 1856; balances.
IS, 772, 54S.
The subtreasury was debtor at the clearing
house today q, $50, 535.
Bar silver, SO; government bonds have been
steady; state bonds have been dull; railroad
bonds have been dull and irregular.
GOLD WITHDRAWN.
At the subtreasury this morning g.. 600 600
in currency notes were deposited against the
withdrawal Of an equal amount Of gold OF
these notes 100000 were treasury notes and
the remainder gold certificates and United
States notes. Cashier Muhleman OF the sub
treasury has not received any word from WASH
ington TO make a change in the method for re-
ceiving payment FOR gold.
Counting the $500, 900 engaged by the Cana
dian Bank Of Commerce yesterday the total
gold engagements for Shipment to Europe and
Canada amount to IS, 900.
LOANS CALLED IN-RArEs GO UP.
One of the features Of the monetary situa-
ton today was the calling in Of loans by for
eign houses, who intend to make additional
heavy shipments Of gold next week. This
operation led to decided change in the mar
ket for all loans which advanced steadily from
5 to IL per cent at 80 pm.
The local banks are disposed to pursue still
more conservative course and hence borrowers
find 1t more difficult to secure an accommoda-
ton. The rates Of sterling exchange are
higher than ever. notwithstanding the bills
made against the shipments of gold. Nearly
all the leading dra wers are now asking 4S81<
and 1901.
ported. Heidelback, Yekelheimer Company
will chip 81 ,500, 900 gold, and Kuhn, Loeb l.
Co., S250, 200.