The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-09-16
FAVORABLE BANK STATEMENT.
The Gain in Cash Twice as Much
as Last Week.
Prices Of Stocks Low. Owing to
Bear Pressure.

The week has been one Of diminishing
| business ut the Stock Exchange In con.
| sequence of the uncertainty in regard to
| the action of the Senate on the silver
| question. There has been so much talk
and little progress towards repeal of
| the sherman law that the bulls have be-
come discouraged and the bears are
more disposed to enter into a campaign
for lower prices.
The foreign demand has subsidized, but
at the same time there IL no pressure
OF long stock to speak Of from investors.
American Sugar this morning fell IA
h no ~ 81 thiG ,aa Gag. ! to ssh: Man
TO Jog. and Burlington g. Quincy. rs
General Electric was nrmer than the
rest, selling at n 1-2 n Al "a
The favorable bank statement had a
tendency to strengthen the stock mar
ket near the close. but the improve
n nshr vas s., s'iEht owing to bear pressure
cago Gas and Sugar. These left off at
about the lowest figures Of the day.
The trading was confined within very
narrow limits throughout.
The sales of stocks were 6o73t shares:
silver certificates. 5.0U. ounces. In the
unlisted department l5,4Oo shares Of
sugar and 1900 Lead were traded in.
lure or surprise to the street. II was
supposed that because of the reduced
receipts OF gold from Europe the gain
In cash would he less than last week.
average being s4,lgS, 900, and the legal
tender average A,3l0,sCr higher. The de-
poslts increased only $3,4sh,9oo because
81. 900, 900.
Circulation shows another big increase.
me banks gain S,6a5,325 in surplus re-
serve, which now stands at s1O,6Ol, 700
Just month ago the banks were SIS
5i5Wo under the legal requirement.
thus III, they have made a gain of over
Ls% G ssas q yoo boo se%ps5sze figures
Snr.rcle' 9,'26o9 900 5a.45s,aoo Inc. 4,la6. 600
bap T. a II !s S I Inc aSsSS
Grin. 1l,200 400 12723 800 Inc. I,5Il,aOO
Money was nominally 3 a per cent.
on call, and foreign exchange left off
steady at i.s2 IA a 4s2 1-2 for. bankers
-6o.day bills and AS for demand.
The Sub-Treasury had a debit balance
at the Ciea ring House this morning of
$s0l $50, which was liduidated as follows:
$500 900 In gold coin and $l,15O in United
states notes.
The report Of the Cleveland. cincin-
natl, Chicago & St Louis for the year
ended June 80 shows Gross earnings
of H4 ISL. an increase OF $3.50, 766; eX-
PEE sio'9lt'aT' an increase Of sl.12s,-
246; net, y, 45l 1854, an increase of $685., $50;
total net, ~, 7o4 26s. a decrease of $685.
64S; dividends. 81 $40, 900; total. s,,O66, 27S,
an increase of $l56,l02, and deficit, $685.
003, a decrease of s442,74
The imports. exclusive Of specie, at
the port OF New York for the week
were s7,03o,664, of which $4,943 100 was
general merchandise and s2,OS9564 dry
goods.
The imports Of specie at the port of
New York for the week were 81 ,2S2, 3O2,
Of which Sl.OsSoa was gold and sl69,27S
silver.
The exports of domestic breadstuffs
from the United States for the month
of August, 1893, We're $2l, S55 22s, an in
crease of s2.SlS,5ls: for eight months
$l24 496Ol9. n decrease of $1,743,S $685. The
exports OF provisions for the month OF
August were sS,742, 1879. an increase of
81 .l96, iS6. for eight months $2i,472,673 an
increase of sl,l6S,545.
The total bank clearngs of all the
Clearing Houses of the United States
for the week ending to-day. Sept. Is.
week and $ll76,526,599 the corresponding
week of last year.
Treasurer Foster, of the Chicago and
Alton, has addressed a circular to the
stockholders advising them that the
written consent of the required number
of stockholders has been received to the
proposed new issue of common stock
which Is on the basis of one new share
of common stock for each eight shares
of both common and preferred.
The holders of 81, 900, 900 of the g. 500 600
fund bonds have accepted the extension
of the bonds for six years at the same
rate of interest. The syndicate will take
the remaining $S00, 900.