New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-25

NO ALARMING EEIORTs FROM SAN FRANCISCO.
No further alarming developments were reported
from san Francisco, there + growing belief thar
the worst Of the panic In California Is over. The I'm
provement In that state. however. has not DeeU
sufcicn: 70 stop entirely the calls on Ncw-lork ior
funds AT the sub Treasury $4,000 In gold ccr'ih'
Gates was turned In tcc-rapmc transfers NJ
San Francisco. and bank shipped ZOO direct
The total outflow OF currency TO California for the day
nav have reached 800 900 The shipments to other
Interior points We're normal. The Sub-1rcasury pad
out $l34.612 for Government interest due july j.
making a total Of $I96567. including the payments
of Friday Tile sub Treasury officials arc astonished
az the snnncsS Of the amount paid ont, considering
the demand for money. II Is partly explaincd by the
fact that there seems to exist sme misunderstanding
respecting the anticipation Of Interest although full
information given In the newspapers three days
ago 1t Is expected that the payments tomorrow VIII
be on a liberal scale. The snb-Trcasury here usually
pays about $1,000 900 Of the total amount OF Govern
ment interest
SHOWING OF TIE WEEKLY BANK STATEMENT.
Tile weekly bank statement, issued yesterday. was
made up OH falling averages and therefore makes
showing OF condition somewhat more favorable than
the actual facts al the close Of business Yesterday
lie banks report decrease from the preceding week
Of So.472.30) In deposits and F'.il2!Do III cash.
The loan, were cGrl..ic1 si..iI.3O0. The surplus
reserve reduced s3..0i,r!j. and now stands al
Sj4oI 07j. against HI9.o7.0JO at the corrrsppndn;
date Of IeD.. and sIs4II.Goo in 1891. One IN
NOrablr fe.turr at III" statement waS al" Icvrl ~
that the loans Of the banks exceed the
DEPOSITS by s1,922O00. The Clearing House
lon certificates. Which have been Issued
to the amount Of Sj3jo.oOO. do not figure at
all In The statement. The banks have followed the
instructions OF the Ccirns House Committee. The
form prescribed by the committee for each bank l.
~ follows:
Dolu,t amount u loan certificates is-u'i 10 us
l.! the Loan Nomn.hte, not camecllc, .--..-..- ----
Adi a,,ra-c oil all loan ccii.n atcs On haul ior
the wce~.--...
Io;a
II THIS form IS iooved the statement a. given
out should NOV Increase or G'csca~' III the
item Of leans on ace 'nnt Of The is-uc ri 'haril'
Hons, certificates. word cam. from I,st,n Sc>,cTdiy
hat the Clearing House Committee o: tnai city ni
,ocd rocon,rni the l-snc .. loan cor lca'c' "nd
a meeting Of t,r as,ociaii,n VIII bc held TO morrow
Zone sli pr,c oppressed al tni' ac;ios. ~ The
Boston bank, failed Ia follow Iiii,d'l phl, Il on
when that city initiated the example {" N"w.r'rh
last week. II created the in'P"~ ION lint hr"
emergency had arisen ~ Io't"n a i nn''vofahir
rrimors were ciF ua'cd. II T. beloved ~ 'on'e:vi'v'
bankers here however tia; III" Ln,'oa Claine ll'uf
has been stimulated Ia iis action viii view 81
meet! = the n.onc.~r> pressure dread d around
Judy l.
\ SEVERE TEST UPON TIE str 'TIoS
II Is generally recognized In financial oircleS that
this wee, and next wock viii pnr sever" test upon
tie situation The Preparations f'r tee usual Ill
hr,rueis Of inirr,s and dividend, due H. JAY VIII
c..n an Immense amount 81 money t'mror"rll, ont
Of tue ON inncis Of crd.rary cir"rl"iion Ii' must
ln the case Ia .pc 81 iAr fact that frw large RI
road corpora already anticipating their inly
paymonts ana the los 81 u few millions j. aCrt'ly
lct NJ a tim" when IA" general m'hciary s'Iug'hcy
I. severe Nrr,onsnc., also naturally exists with re-
gard To those corporation, who's" financial aiirS are
not entirely cay. An important question rls" ail'S
4, to rha, disposition III h. made Of the money re-
cciycd by III. holders of stocks aud bonds OH their
securities. Ordinarily the mon,y : promptly re-
le; sod 10 flow back. through rcd"pot In the banks,
for .uc purposes Of business ana si'cula'ion II no
unfortunate de, clopn'nts take place. 1t Is expected
that this will be this year. mt AN increase
il Gi,rdst might add TO the scarcity oi iunGS ahd
credits. Every cior sill, therefore - made this
week 10 facilitate the acmannaal settlements, and II
they ar, conducted smoothly IN" succeeding result
NAV lie u rola nation Of tho existing tension.
BHIGnTENING FEATURES IL THE OUTLOOK.
Al tbs Jumcirrc II t. q subject Of congraulntion
among tanker, that there SOM Frightening feat
rics In the outlook. II l. hoped mat II hieh can
loan rate, rrlc they viii tempt additional lending OF
foreign money by sale OF sterling exchange bi.l'
A larger supply Of commercial DiS Is expected To
the california pen,c snb-idcs Ncw-lork VIII be
relieved nom important calls for funds as II now aP
u,.r, that monetary stress In other parts
of the country Is lcss'ning prominent bank prr'i
dent said yesterday:
II certainly do not look for anything like panic,
although the distrust to the counliy's hhnhcni
,,s,cm IS sin IN operation. II bcDovcS the banks
and business men al every centre To adjust their own
affairs rs iai rs possible without outside AID My
n iyiccs are favorable 10 the belief that advocates
Of , repeal Of the liver Purchase law have secured
a majority In Congress. and II this action II taken
look for an important influence OH confidence. IL Is
a he,l,hful sign that the country banks are beginning
IN ,ov off their Indebtedness 10 New-l0Ih and the
Indications are that a reasonable state Of mind
Is returning 10 the people.
AN INTERVIEW WITH J. EDWARD SIMMONS.
J. Edvad simmons. pr sident OF the Fo ntl Ma ipnil
Bank WHOSE views have been extremely conservative
hi oughou financial disturbances. yesterday SPOKE
with considerable chccrulncss. lie said to Tribune
reporter:
.Tbc situation seems 10 BE- improving. and
moro confident feeling Is apparent on every SIDE
,r,o f,rcirn exchange market indicates that gold
morris have come to an end and the outflow OF
wheat Is causing increased offerings OF commercial
hills which, together with the favorable crop on
look I'm Til, country and the prospects Of shori
crop abroad lead many to believe that Inc balance
~ trade will In n short time De- In our favor, and
cha, the golden eagles we have been sending to
Lmrope will soon be- flying back TO America
The demand from 0ut-0i-tO"n Dnnhs Tor I"ahs ahn
d,counts has Largely diminished, ana the currency
movement To the West has resumed i's normal pro
,ur,iol, The that lew days ago CAUSED
iremor TO run through the entire financial ana com
and com,noi-scrse are gradually reasscrting their
sway. 4. n,o.o,o a., .or,ou.
"frhc sensational reports In reference 10 serious
du,uciol combinations In san Francisco nave not
hcrn verified. They have had small cyclone there
but now tl,Ht a Is the killed ana wounded ar
found TO be- not very numerous. Inc failure of III"
iacItc Banh IN this city created con>n,rdblc rA
element for n lime but ndvic"s o thl> m0rnihc
Indicate that nlinirs have become more luiei ana
that more stable conditions nav prevail III trade
circles.
-ENrIMEyr IN THE SILVER STATES"
An through the South and the socailed silver
s,.,o., n chang. ~ sentiment seems have taken
place and the repeal Of the sherman law Is regarded
nv many as almost II forcgone conclusion. TIL" mn"-
fn en- rations OF this vicious law have been clearly