New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-02

Wednesday, November l-p III.
Transactions In stocks were smaller IMAM they
have been for several days. but final changes
were advances. The concurrence of the lower
House Of Congress made the repeal OF the Sher-
man silver law certain. There could be no doubt
that the President would sign promptly Dill IN
favor of which he has exerted all his influence
The National currency has been placed on
firm basis, and confidence has been restored
once more by legislative enactment. II must
he regretted that provisions for the maintenance
NJ narity in the many classes OF currency nave
not been made and that this question Is post
poned apparently to the regular session OF con-
gress, which begins in December An Issue OF
bonds in the meanwhile. can hardly be maze
and vet the Treasury must have money with
which to pay its ordinary obligations. Inc
credit Of the country is beyond dispute, ana IL
is possible that the legal-tender reserve may
be reduced still further by many millions De-
fore alarm will be aroused. In ADDITION TO the
repeal Of the Silver law. there was today me
other favorable fact that the city banks nave
retired the last Clearing House certhcatcS
They are now prepared to loan money on sa''s-
factory coaterals all the way from chroihos 10
signed paintings which may have an auction
,,eIua The banks have disposed of their UNI
available assets and are prepared to resume
business. -,
The course Of prices to-day was somewhat
irregular but the apparent weakness in the
early dealings was superficial. In some STOCKS
the short interest was materially reduced by the
days operations, and among these n Am r,ont
Sugar Refining was conspicuous. in the STOCK
loan crowd there was fair demand for west
ern Union Telegraph, Northwestern ana re"
other stocks of the same class and perhspS,
in the general list the short interest was larger
than 1t appeared to be. In the active Stocks
the final advances were from l 10 nearly per
cent and universally last prices were the hign-
est for the day. The strength Of the market
was the more remarkable because the London
Stock Exchange was closed ON account OF
holiday.
THE DAY IN THE BOND MARKET.
There were still no sales Of Government bonds
at the stock Exchange but the market was
firm and bids for coupon As were raised 70 per
cent. Closing quotations were as follows:
u :o s. sssd , as S:ssSs: 5sSs& "
ISIS 1897 ccu.lllss ii. US.cur.0s lSo3.lll
Dis.Coi 3.oi Is94.i11a III
The business in State issues was limited 10
Louisiana consoi Is new at 90. or city bank
stocks Fourth National sold de) at 200. There
were considerable sales at auction.
The general bond market was somewhat more
active, but the entire business amounted to
only $1325. 900. The movement OF prices was
opDoste to that Of yesterday. Atchison gen
eral As closed " per cent lower at 12h. but "A
seconds gained the same fraction at 4O}a. Chesa-
peake and Ohio issues were both active ana
strong, rising about w per cent. Chicago ana
Northern Pacific firsts were neglected. although
q single bond sold at ABA but Northern "a
cilc consoi 81 advanced per cent to &c. Phil
adelphia and Reading issues were not specially
active. but they made fractional gains. The
general mortgages gained the fraction at
7oA and Of the incomes frsts closed 4 per cent
higher at 35k, seconds y higher at 24h and
thirds "a per cent higher at 1888 Texas and
Pacific firsts advanced II per cent to 743s, and
income seconds IA per cent to 2oE. large
number of issues recorded hnal gains or from
y to per cent Reference is made to full
report OF bond sales.
Money call continued 10 rule at from ~ to
2 per cent. The supply was far in excess Of
the demand although last rates were the high
The Clearing House statement was as follows
Exchanges. sio4 s2lO OIL; balances, $500 463.
House $53365S Its net gain on balance was
ss42 750 made up by gains OF $3.50 4s7 in coin and
ss2sss in currency ON T n, days operas'SS9n1s
1o1. resulting in a general balance OF ,7ss2sses.
consisting Of s57,oo32e1 coin and sle.5ss.sSs cur
rency.
The Treasury rejected offers Of $4,000 ounces
Of silver bullion at 20 cents an ounce and ten
dered 6S.4 cents as the market price
The United States Treasury at Washington re-
ceived to-day s4s4S2O National bank notes for
Tas customs rsesnss ysTs ss2 inIs,
neous receipts $s5.754.
cash on hand and deposits In bank compares
with the figures Of the last previous statement
as follows:
Ne. culu hpnd SS4 100 DOC tStoSfS2 Dec. S3j50if
Net legal tenders
hand h2219' fSsl.J3 Inc 1tO.G..
Nc silver on hid 0.0fs,21S S,Ho sG4 Dee. Oc2.tlA
Actual cash In thr
vaults
over outstanding - 49,. o- %, .,, -. 800.
certificates go ?SsIvs III l3-,.,y pee. ssnJ ~
Deposits In bonk. 1878 Sf2 i-'oi' 'Si Inc wv"
Va, cash hal $40 7Ii9a7 slO9 99s $50 Dec. s7lG OF
Tho foreign exchanges were weak in the morn
inc hours. and sight sterling sold low as
"a SsK. but offerings Of commercial bills were
80 dtiv absorbed and afterward rates ad-