The evening world., 1893-07-25
ALMOST LIKE PANIC,
A Day Of Much Excitement on
the Stock Exchange.
Speculation Bordercd on Damoral-
eaton towards the Close.
Tho Tracing Emds E"vcr!sh AFTER II
Slight Recovery.

the W'st yesterday, amounting TO abon;
Ia.Ho-n, directed attention arain To III"
local money market. The banks are
taking every prccautiun to k"c2 them
selves strong, aal for this reason will
ria!;e no large tim" leans. They put ont
their mon,y on call. which accounts for
tn" prevailing .ow rates.
1t cen be said thn' the hanks arc rc.
cc!v.aS accasslons - their cash re
sources from nearby places.
Sterling exchange was frnor and puts
an obstacle in the way OF gold imports.
so far as the stock market is CON
corrcd. the contest this morning was n
littlo less on.-sided than heretofore In
the first nlaCH London came strong. and
commission hIu ics had n fair amount
OF buying orders from om of town Gus
toners. In many instances prices were
hiLher than last night
shortly before II O'Clock Missouri Pa
"ihc ana Northern iaciNc preferred
we're ATTACKED by the rorm traders.
The former broke from g S-i to u, ami
the after from - to 10 -.
At The same time bonds were iu'Tp
on aud rs n result Nh" general RAILWAY
share 1T yIeldei l-2 to l as pr cent.
IL. to II 5-s Burlington rs. to - is
and rhicaro Gas ! Is, to II IS,
,, Inc transfers OF Northwest stock dur
a
number of small investors, lnnEing
from one share to 6fty shares, mostly
II f'v" ard ten share lots out of be-
twcen sGoOGo0 and S7op,ooD Of stock trans
small lots. and out of ?0i names only
thirty -onc bad as high rs 100 shares.
kaatt,Wsy aa.,i,:y, bonds were weak ,htchiison
lo g l2; chicaro " Northern Pacific
S, !, to ) ) a a. Is 81; aai sssitis, Lake Sc
shore s; eastern lists 10. to 50. Erie 2ds
Ttc failure of MltcheI's Bank. in
Milwaukee, the ;artest institution there.
had II very depressing effect In WAL
street. Tho bears took advantage Of II
10 pounl the Granger stocks, AMI sharp
declines cnsucd, Northwest turchlnE
ii IA, St Paul SOLID. Rock Island So rs
and Darlington ~ S-i. Omaha preferred
sold AT par, "a break of nearly points
from the last transaction.
In additior to the bank troubles. 1t was
reported that the, crops have been snri-
ously inju-cd by hot weather.
The heavy rhor, interest stimulated
the borrowing denIUrd for stocks. lrck-
awanna md Western Union commanded
Island l-Gi FOR usc A number of shares
The Clearing House Issued $50 900 loan
cerGGt%s ,h;R msrninS sr M a making Kin total
sury's total purchases OF silver late yes
terday amounted to l01,5m ounces sill
We, q, $50 At the sub-Trcn sury ep-
s2N,o0o small notes for shipment. More
application" nrc expected and Treasury
officials srV the outlook is for n fairly
se4cbo OF the Assistant Treasurer at the
Clearing House was paid today in gold
coin
Money was easy on call at per
cent
Foreign exchange is nrmcr for shor,
sterling owing TO an advance in the
rate of discount in the opcn market IN
days sold at 4.Sl 81 n i.s2 IA, and short
at sS IA 4.si IL The volume of bust
ness transacted was small.
Earnings of the st. Paul for the
third week Of July were s5Sos22, de-
crease Of S7,,4lI.
stock Quotations Will be found on
The lowest quotations OF the day were
recorded around deliver hour. At thai
time the bears We're in full possession OF
tn" field, and speculation w"s IN STATE
bordering closely on decentralization.
The heavy declln" brought about
liqudatious on n large scale, ana the
West was a conspicuous seller.
points. Towards the close there was "A
recovery of | 10 3 per cent, hut tho mar
ket was feveriah and somewhat excited.
ve ice ana r'%i1 NssSe b! ns% st1c Sssf fe% %f %VS
the fact that On July 9, 1891, the capital
stock was increased from siSG1o,nh to
S,5,WN,oW. of which increased stock, S4,-
$40 900 was issued and disposed Of, l"av-
ing S2,20j,OGo in the treasury. This treas
ury stock has now been made an avail
able asset
Money lent at 1 . per cent. until
just previous to the close, when the rate
jumped to 2.
sterling exchange was weaker this
afternoon and sales We're made at
iSl l-2 i."l 81 for banke"s GO-day
bills and Asa 4S4 IA for demand.
Erie seconds broke to 80 late in the
day on rumGrs that the Company was
about to make an emergency loan for
S",HroJr, agreeing to par a large com
mission for the use of the mcney. The
stories could not he verified,
Tho sales of stocks were 37i 800 shares
In the unlisted department l7,iU shares
For the third wcek ~ July the gross
earnings of the AtchSon system we're
$500 Ss7. decrease Of SOL 100, and of the
Missouri Pacific $4oo,Oo, n decrease of
$1,000
Handy & Harman will ship 50OOO
ounces of silver. Zimmerman & ForShuy
j"001 ounces and Hoskier Wood y 60.
lG',O~ ounces on the steamer Paris.
sailing for Europe tomorrow.
The exports, exclusive Of specie, from
III" port u New York FOR the week
were SLAi,1i, AGAINST sC,9l9.o2i FOR the
cor. cSDCnd.ng week last year, ana from
Jan. l To dste scot, ,097!99 AGAINST Sg.5.
%24.S72 for the corresponding period ~