New-York tribune., 1893-10-31
MORE GOLD COMING HERE.
STOCKS DROP SLIGHTLY ON A REALIZATION
OF PROFITS.
MORE CLEARING HOUSE CERTIFICATES CAN
CELLED. AND ONLY FEW LEFT OUT.
sTANDIHG-M MISSOURI PACIFIC TIE
HEAVIEST LOSEl

HEAVIEST LOSER.
There was a reaction In prices on the Stock Ex-
change yesterday. and on transactions OF heari'
1000 shares-heavier than or the first day OF the
business week for many months-declines were
recorded in all the active stocks. The losses were
small when compared with the substantial gains
made last week but they were significant as
indicating a disposition the part Of holders OF
long stocks TO realize Ir only few special III
stances was there any news OF "bearish cnar
acter. notably In Erie and Union Pacific. ana the
general situation remained unchanged In Iac' '"e
taking of profits by the long interest shou'u
place the bulls In a position still further 10
advance prices. that the repeal OF "e p"'- :
chasing clause of the Sherman law has become
an accomplished fact. Much Of the realizing yes
terday was attributed TO foreign houses which'
however in view OF the changed financial snua-
tion. may be expected 10 become buyers again
The market opened strong. with ihdica''ohs VI
a continue ton Of last weeks advances. put wi'h"
the first hour heavy sales stopped the upward 'e"-
dency. and during the rest OF the oay wv
prices ruled except for brief period IN the AFTER
noon when a slight rally set In. Closing prices
were generally the lowest OF the day. The report
that the Erie receivers would not pay Decenper
interest on the second mortgage bonds anu '"e a."
nouncement that the Union Pacific receivers "o',"
pay no interest tomorrow, were held Dy many ="
be the causes OF the London selling ana this
theory was borne out Dy tHe appearance ~ W
market of large quantities OF Union racine anu
Erie bonds. supposed to be held abroad.
GOLD BOUGHT FOR SHIPMENT HERE
Ono feature OF Yesterdays situation which proved
puzzllng to many was the purchase OF gold IN
London for American account. by tomorrow nieht
tbere will be at least 81 800 900 afoat on It's way
TO New-York. or this S0Oo.01D was engaged yes'er
day in the face of advancing quotations LOT s'e'-
ling exchange. and in spite Of the sales OF Lohdoh
stocks The movement of silver prices also proved
an interesting feature of the days market 'ne
quota ations for assay bars dropping ceh'S' "'"
closing at 10 cents an ounce.
- Paul led easily in the amount OF business
done selling from GSs, down to 66Ssd66's. western
Union came second with net loss OF ia per cent
other active stocks were American sugar Atcni-
son. Chicago Gas Rock Island. Burlington DIS
tilling and Cattle Feeding and New-fork ana
England. all of which scored losses. The larg-
est decline was charged to Missouri Pac!hc whch
closed at 2Ga.. or 2'. per cent below Saturday ;
final figures Louisville and Nashville lost IA per
cent.
FEW CERTIFICATES OUTSTANDING.
cIoorinp House loan certificates for s22oo were
cancelled Yesterday and others for S53,Oo were
called TO b. retired to-day. The cancellation OF
this lot will reduce the amount outstanding 10
800 ep and there Is every probability that the en-
tire issue will be wiped out before the end OF the
week The first certificates Of the issue OF 1895
were put juno II. They amounted TO S-,o'o'-
oon Since then the total issue has been Nl, i%V"'
but the maximum outstanding at any one time
was SS 2SO OOO this amount being In use from Aug
ust % to September g. The first cancellation was
on July 6. when certificates for 100000 were retired
Other lots were cancelled little later, but II was
soon found advisable to increase the issue. which
reached it's highest point about the beginning or
September. AZ security for the certificates the
loan committee has held about S60D.c0 Of gilt
edge collateral
The following gives comparison OF the various
issues of certificates by the New-York Clearing
House: