New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-11
GOLD COMES ~ SMALL LOTS
ARRIVALS DRIFTING INTO PORT.
FOREIGN EXCHANGE HARDENING-A RALLY IN
STOCKS on THE BEARS-SOME IH-
REGULAR FEATURES.


The engagements OF gold for import which had
been expected early in the week have not been
made, owing TO the recent strengthening of the
foreign exchange market. Rates were higher yes
terday and the tone was firm, while there is de-
creasing supply of commercial bills. But although
bankers have now given up the idea OF any i'm
portant influx Of the precious metal for the pres
ent, small lots Of gold drifting into this port.
The steamer Fuerst Bismarck yesterday brought
f9J 900 gold bars consigned TO I.aZard Freres, and
the Havana steamer arrived with $'0',2U gold for
Muller, Schall & co. The monetary situation is so
easy. however that the discussion Of gold import
prospects has little effect in Wall Street. Even the
bank statement. due to-day, is not looked forward
to with the recent eagerness. The exhibit will UNI
doubtedly be an extremely favorable one II the
estimates of the large receipts OF currency from
the interior and the increase in bank deposits from
the trust companies OF the city are to be relied
upon The increase In cash and in reserve ~
expected largely to exceed that shown last week
The Clearing House Loan Committee or Boston
has completed it's report respecting the issue Of
loan certificates through the panic. The total
amount issued was Sl,6s5Oco. covering n period or
nfty-eght days. TlS. entire amount was cam
ceed within sxty-three days from the time of the
first cancellation and llG days after the first issue
The largest amount Of certificates outstanding at
any one time was So 100000. The securities de-
posted as collateral Appropriated slsWov~ in
value. -,
Yesterdays stock speculation was extremely dull
and irregular There were some further sharp de"
clines in prices. but on covering OF shorts a gen,
eral rally followed in the afternoon. New York and
New England was decidedly active, and for the
reasons noted elsewhere the price was depressed
Milwaukee and st. Paul fell from Gas. to e9laas5a.::
as the statement of gross earnings for the 1rst
week in November showed a large decrease after
important gains in OeSber chifogo Burlington IN
S2i. The directors Of the company will meet in
Boston next Tuesday and houses here with sy BGs
quarterly dividend Of II. per cent will be declared
The Of the sWsr ihs aSS them Tose
Ss:s ;ssS bS zen" and 2 s aT@ ts nss
broke Is cent TO g but recovered to So. avs
T o FL The ae general market closed with
small net gains as the rule % ~
Co 'or the week numbered 36l in the United States
and p in Canada total Of 'ss c1mpared with 80
"Dun's Review reports a more encouraging out
look for business. 1t notes that the monthly state
ment Of the output of pig iron shows 5000 tons
weekly against tons by H the statement ,sS Of
There is IA slight decrease in the stocks OF unsod
iron on hand The Ss fail IN h n s for
long time. but is now 81 at the mills has brought
quick Of the aemand r and bs Turn
proved. The sales of wool for the week have been
pHH p % 1he as Year. e Ss pro
duction of mems woolens from June TO No S M
for for the same period last year there is good
rea son TO expect a larger demand hereafter. The
bank exchanges clearing houses outside OF New
York are IA per cent smaller than In the
responding week OF 1892. The review summarizes
the situation follows:
there been distinct improvement in business. and
particularly in manufacturing. There Is some Increase in
actual t.ansacton aud much in the tone OF bust
Men OF all parties feel that there Is ground Tor
greater confidence the silver question being put def
nitiycly OF the way the chance Of disturbing action
in respects bcng lesscn"d while the right Of the
reorle TO rule rulers has Decn vindicaed While t
/, Yet look fof great changes there Is al