The evening world., 1893-07-22
TONE IS IMPROVED.
Stocks Rally on the Favorable
Bank Statement
The Reserve Increased $4,000,
600 During the Week.
Market Opened Depressed on Lon
don Reports.

There was renewed depression at the
Stock Exchange this morning.
London prices came lower and the
bears took advantage OF this to hammer
the list.
In Il comparatively short time prices
were forced down IL to 2 "a per cent.
There was little excitement. and the
dealings We're by no means heavy. The
to 81 IA: 21-S in Northwest. to 95 Is:
1 l-2 In Western Union. to Is: 11-2 in
Cotton Oil to % 1-2: l 1-2 in Lake shore.
to ll+l-2; 3-s In Sugar to q rs; Ia In
to "a Is
In the bond department Erie consol
seconds broke 6, to tS; and General Eiec-
Stocks confined to decline until the
bank statement appeared. Small hold
ers were denoralized. and rushed to sell.
The extreme decline from last nights
closing was 1-2 to 3-8 The gain In
the bank reserves made u favorable
impression, and prices iallied 1-2 to "A
per cent. under purchases for both ac-
counts.
The Improvement was well maintained
In the final dealings.
Erie seconds sold as low as 90 and
closed at 63.
Money lent at per cent. on call.
Sterling exchange was dull at 4.sl 1-2
4.S2 l-2 for bankers sixty-day bills.
and 4S3 l2 a 4.S4 for demand.
The bank statement was unexpected
" favorable. Notwithstanding the
heavy shipments of, currency to the
West during the week. the specie aver
are s5o3,7OO higher. ON the other hand
loans were contracted 300 and the
deposit liabilities reduced S3.8s7.s 800. The
banks are now only sl,S5s.55o under the he
% per cent. legal requirement.
the following are the comparative figures
for the past two weeks:
; :
The sales Of stocks were 152, 500 shares
IN the unlisted department II: 400 shares
inelsaaies IN Safe,s S 1f foresR wfsR
gold coin from Havana ss2. sos AmeTl;,
coin on the Fuerst Bismarck from Lon
don; $40 655 gold bullion on the Trave
and slA, $50 gold bullion on the Fuerst
The total bank clearings Of all the
clearing.houseso of the United States for
the week ending to-day have been 1914
s. .o42 s75 ,s24 in the corresponding week eek
OF last year.
The gross earnings OF the Chicago &
Northwest Tor June were 2,Sl2,H4,
decrease Of $50, ,993.
The Chronicle computes that seventy
three roads earned for the first week OF
July. gross. $6,o92,979, against s6,797 4s7 in
the corresponding week OF 1892, u net
decrease OF 500. sos. or 8 per cent.
The Chronicle computes that forty
seven roads earned for the second week
Of July, gross, s4.726.5O6, against s., ,031. 1888
in the corresponding week OF 1892. de-
crease of 500. .532. or Cos per cent.
The St. Paul & Duluth as declared a
dividend {, 3 IL per cent. on the pre-
ferred stock. payable Sept. 1.
The imports. exclusive of specie, at
the Port of New York for the week,
were $9.6O0,2l6, Of which $2sl4,232 were
dry-goods. and s6.7s.9s general mer-
chandse.
The Treasury purchased $4,000 ounces
silver at 10 cents In addition to the
amount reported yesterday. Total pur-
chased thus far this month 1920
ounces.
The steamship Paris which arrived
from Europe last evening. brought
$4,000 consigned to L. Won Hoffman &
Co.
The steamer Kaiser Wilhelm H., which
sailed for Southampton to-day, carried
1892 700 worth of silver in bars for Eng
lish bankers.
The Clearing House Loan Committee
to-day cancelled $l50,0O0 in loan certif-
Gates, leaving the total amount out
standing 81 10000.