The evening world., 1893-10-07
WALL Street TALKS YACHTS,
Speculation Gives Way to the
International Contest
Bulls Control tho Little Trading
Done at tho Exchange.

Nothing was talked about In Wall
street to-day but the yacht race. While
the betting was far less lively than In
previous international contests. probably
because the times ar. hard and the
brokers do not care to lose much.
every scrap OF Information that could
| I'VE obtained was eagerly discussed. md
little attention was paid to business.
The speculative temper wns also bull
tsh. Prices advanced mode .atcly. and
the market was strengthened by the be-
lief In another very favorable bank
statement. RMS will enable the banks
to continue tha work OF retiring. Clear
ing-liouse loan Certificates. and Is a
good thing. for the mercantile ommu-
nifty as well as ttor Wall street. ..
if the sherman la~ is repealed 1t VII
be allowed to now into the active chan,
nels of circulation once more, instead OF
being kept IDLE in bank vaults.
Europe Will then buy our securities;
and another import movement OF gold
will follow. as a matter Of course,
nothing more than squeeze" Only
II few hundred shaTAs were traded In
Distiilers and General electric sold W
to IS and ~ rs respectively. Louisville
was weak, and declined -, to ~ 3-s.
MN 7 | ;a@p'T Tsr , n 's ssas at We're the PEE 'm OF OF
which S56, lsa were gold and $l.233 silver.
The imports. exclusive of specie: Tor
1 20 week Srr' x sS;sis' 4S Snd Of W sscs A; xsr,
O~nc-quarter OF / per cent. has beer
bid in Philadelphia for Northern Pacific
proxies.
Total bank clearings OF all the Clear
inr-Houses, OF the United States for tn
month of September. 1885,. 33t5. G44.2a7.
| lanrAa aa ~ m M Nnft RON thn q n m
ing Sept. 30, 1898, 81. 81 es6. 800, a de
crease Of ~ per cent; for the week end
!. week in isas.
!, New York exhibits a decrease Of 81.
dsciphia. 20 per cent baltimore. Is.
, Louis. 2i.s per cent: New orleans. 3s.
, The stock market exhibited a it'll
i. made a further advance. Whiskey,Gen
ing and Lake Erie were the stron
: The %iast-named made an exceptions
:. rise Use. Of 3 pT,nts g. to 9,a a ,s, There rm wa
but speculation left off strong. In tn
final sales Northwest jumped from 20 l.
to 100 "a.
! n total sales were only 1900 shares
The bank statement shows an increas
{ IN cash of Sc. Sl2. 100, and in deposits o
j. 50. 2l5. 500. The deposits are now abou
So, o 5000 in excess of the amount o
: loans outstanding. and this Is a most eh
couraging feature OF the local financial
situation.
q The banks gained "a, 5Os,g e5 in surplu
= reserve. which now stand at S2s. 62S, I:
4: against 81. a36.575 last year and 81, 6aa. II
in 1891. They gained heavily. both fror
o the currency movement and the Sui
Z Treasury operations.
The following are the comparative fR
ureS:
Sept. 20. Oct. Z. Changes.
Loans .......- sss2. lsl. 400 s.as. 3i. 200 In. sSI7 4
Specie .:":..- so7ss zoe s.352.5 700 Ina, Sss. s
deposits. ...- $40. $50. 400 400. 1876. 900 In.s. el5. g
Circulation. 1896, coo 1880. 900 In. Su. A
The Sub-Treasury had a debit balanc
at the clearinghouse to-day of $9l7.5I
v which was l%iquidate,l in gold.
The Clearing-House Loan Committ'
cancelled to-day $4OO. 100 loan certificate
3 Total amount outstanding, S19, $50, 90
Total amount cancelled this week. 81. SCI
900. Certificates to the amount OF $3.50
l. 600 have been called for, Monday.
y The Boston clearinghouse Loan Con
l. mittee cancelled to-ftay 1880. 900. Tot
outstanding, 81. OO5. o. Total Cancelle
> this week, $2,5ll. 900.
Money was nomin ally 2 per cent. G
call.
> Foreign exchange showed a weak,
I tendency. Bankers long sterling sold
:. 4.Sl q 4.S3 Ia and sight drafts at 4.S4 3
n n e 80.