New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-22
STOCKS REMAIN UNSETTLED.
THE BANK STATEMENT LIKELY TO SHOW
A LOSS IN CASH.
MORE GOLD FROM ABROAD. BIT CURRENCY co
ING wEST-TmE sUBTEENUY'S ZIG

MORE GOLD FROM ABROAD. BIT CURRENCY co
ING wEST-TrE sUB-TGENURY'S ZIG
PAYMENT OF GOLD TO THE BANKS.
Th. local monetary situation was without iT
port.nt change Yesterday aud the stock market while
unsettled and lower. devoid "i me helpless
tone that prevailed early In the week. Inc pears
have not been forced 10 surrender th"r control Of
speculation, bnt the "bull.' are III eiiher mood
and are oven able to offer resistance 10 'hc attacks
NJ their enemies. An Instance was shown In the
course OF the Vanderbilt shares, winch were almost
the only ones 10 make advances III Wv INV vi Il
generally downward tendency Of N"ines.
sop,c hrkcrs ronortcd frccr offerings OF time money
at rates not down to the legal rate CT interest. but
involving considerably smaller cohlmi-i"" '''n mas
been cxactcd OF late. But these instances 'r' o'ed
and bankers generally assert that there Is sub
stantiay no change In the position "i 'h' i' loan
market. Rates on call are easi'r' anu TIC r'hihS
ouototion was : pcr cent with exceptions down TO
pcr cent The money market was unaIcctrd yescr-
dav by any changes in the volume Of outstanding
Clearing IIousr loan certificates. The sub Treasury
maid ont $3.50 900 over It's counter Tor shipments ont
OF the city. The total outward movement WIS ma
tcriay larger The demand comes prlhc'p'"S lo"
Il, Louis hanS. who are most crcdI'aoN supporting
hcir core pondcnts at the West Affected ny 'he hass
,Hty failures The news Of the lars" DANE I'nfe a'
Milwaukee received with regret ~ II ''''' NV"
hoped that the financial troubles of that city had been
terminated 4 fresh disturbance at Milwaukee may
fond to increase the drain Of cash from Chicago, which
NAV in turn call upon Ncw-lork for RELIEF.
The city banl.s are likely tc show gam IN specie
by to-day's statement OF averages pht uh' H'r'or
movement Is expected TO offset ms Inc banks
have gained specie owing 10 the moderate Imports OF
gold this week and the policy OF the treasury De
partmcnt /, selling it, debit balances In GOA But
nfA l. tfrsdn ont
nv some exlcrts rs likely to be the feature OF The bank
cyhi,lt and n decrease I'm deposits Is looked for.
rhcro ore no indications OF return ~ the banks Of
depost OF the large supposed TO be- boarded by
the savings banks and nGiy duaS. Yesterday III"
sui, Treasury had immense debit balance ~ inc
hearing House. owing 10 the pay mcn for foreign gold
turned into the Assay Office ana large s'a'"labe
payments for pensions. The sub treasury gave u'
oanks sl.375oOO III gold, ar in doubccaelcs EX-
PLANTATION of this policy is still refused hut lis oper"
lion 1, causing decided inconvenience TO the banks.
complaints are growing with regard TO 1t. but The
bulky coin Is still used in Government settlements In
stead Of the currency anNiou-ly desired to'mc't calls
ar payroll, and Tor shipments 10 u" interior.
cold still drifts In from Europe. The steamer
runrst bismarck Yesterday brought In G2l,jU soh
to Hcidclhach lckclhcimcr a CO.. fl1."J' I" Muller
schaIl d. Co.. aud GG.7Oo To Wells. Fargo " '''
total Of 1890. or about s3i:c0o August Belmont
a. ".
gold on the Campania sailing Westward today The
columbia will also start with el1jo90 for l.. Won
Hoffman a co. II Is said. however. ia be- growing
more difficult to pick M gold in th" London market
Tie Bank Of England charges 7Gs. Oh. for American
cold coin and lars IN the open market command
-. sd. Offering, in London ar poor ana sterling
exchange here is hard ming slightly.
The weakness I'm tho stock market Yesterday cen
tired largely in the indust rinl shares. American
sugar Ecnnlng was the kadcr In activity, and th"
price broke from - II to II . rallying 10 - Ii
at the Close The selling in pircd bv the dc
InGrazatlon I'm the London market Tor nrW sugar
and by talk OF adverse tariff legislation hy 'nnsr-'
General Electric. moderate dealings Than
on Thursday. fIl from ~ Il 10 - ~ ih" "p'nlnr
Tut quickly recovered. touching 30. ana closing NJ
- Ia net advance Of IL per c'nt. chicago Gas
declined from - Ii 10 - l-fa - ;. NaiDDn! L"ad
from 20 Oh Thursday to - -. ana American Cotton
OH from - 10 -. E"ncwcd pressure against The
Grauccrs carried t. Paul from 81 / . 10 - - IL"
closing being ut - -. chicago. burlington ara
Quincy from = u to - , r"77. Mchi.on from
Il - 10 II 7.soi-. ard Missouri Pacific from -
TO o. j-o2G =. Northern p,ciGc f'il over per
cont to - and Erie odd from - . 10 II" - Ii.
Delaware. IachaWanna n Western broke from III 4
to I27 IT, but IA" last pric" vas l3D Among N"
vandcrbil; shares Lab" shore ros' p"F cent and
Chicago and Northwestern u per cent. Ncw-lor.
Central closing unchanged ~ 20.
The lm.incss failure. reported - II. q. Dun &
co. for the wcch nuu,~.r 49, for 10" United states
and Canada. against :1p for the prrviouS w"rh. and
Isl for the corresponding vc,~ oi Loo. ~ thi,
wcck's failures one involved capital exceeding
ttOoctO. and IOl others inv,. 81 a capital exceed
lns $1,000 each The weekly r'vicw has THIS 10
say oi the general situation:
TIN. week the country ia. vth-'ool -u,pr ~ngy VII
m .l'raornary strain Tac f,l- rr 81 nnny bank. and
inns Of rrlt if.n -yniicnt" and other companies the
taI lie
.anuf, -huc hts aay" -ptc of ral
-.a,ltion in El.fcih ami -'mr Wr-t'm and southern
oncy narErt.. D.n,e. bank. o'c thrown largely by
he ra1v umwsdorn n ic people ard ~,ofii In Kansas
iayr gone down r G'''. the statement. just
bl .aci show The anh- 10 e'hg conitor and th'r"
~. since b,on noticed more raiin".. u cti'n1 n"com.
n1dsiion Tn" great d'pf Jon in stocks can" ~ TIN"
hen easier mon'y return u currency from the IN.
oriof ard b.ennng ~ gold inlrr. nom Europe made
many hopeful The closing ~ manufacturing '-iah.
.hr,en's B, the inevitable result ~ ercat shrnl1gr
drrs ior somo time past and uncertainty irelrdnc the
luf.. toomv crop rpot- hy the Department a-o c'n.
iihubd 70 check re,,lne hopcs. Indor al the con.
ons astonishing tint business has been wclI
maintained with - litiir ,id,ncc of un..undn'.-
Even Will, cotton woolicn Mill, wore wbrsng over.
Inc Tl-t orders. tue soantnos> 81 orders wa,
otic,l and the sf,,t frequency ~ cInciapa, Close
ol-o evidence % Decreasing distribution 10
olsuncr. that dcai'i. l'ft win part OF their
tocl- unsold dealer. found Ices
mont - luy IN" steady ncf,ri., ~ tli, ~ fnp-
-, brought such SCH known mlll- thr Amo,ksr e
otton and the Slater woocn and other tcN,ic and
hoe works To stop op~iton' for tm" until the rr,~.
,ct /, clc,,r. Ia drt go,d cancellations sim
numerous Of nous voollcn- not commensurate
VITA prepared. aad orders snail and mainly
or grade Ro,,ds Some Improvement j. In drr,
God. but coon- dun and prin, cloths aud brown
Gods lower. Sales Of wool fcnarl. ,lly small and
ncnis Of shoe, fall far behind last year.