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

Nothing was talked about In Wall
street today but the yacht race. White
the betting was far less lively THAI in
previous international contests. probably
bccause the times are hard and the
brokers DO net care to lose much,
every scrap OF Information TIA could
I've obtained was eagerly discussed, and
little attention was paid to business.
The speculative temper was also bull
ish. Prices advanced moderately, and
the market was strengthened by the be-
lief in another very favorable bank
To continue the work Of retiring Clear
inE-llouse loan certificates. and Is a
good thing for the mercantile Comnlu-
nifty AS well as FOR Wall street.
A great Slut of money l. expected. and
II the sherman law Is repealed II VII
be. allowed to tlow into the active chan
nels OF circulation. once more. instead "f
being kept idle in tank Vaults.
Europe VIII then buy oar sccuritirt,
ana another import movement of gold
Will follow, as II matter Or course.
The l~.ackawanna episode of yesterday
was almost forgotten ana is regarded na
nothinE more than I 'squcezn." only
"A few hundred shares were traded in,
and the stock yielded l IS, to l52.
D,stillcrs and General Electric sold ur
to 2S and i3 IS respectively. Louisville
was weak. and declined 81, to 20 49,.
The Imports of specie at the port Of
new blK Tor the week were so, '--, 81
which s5i,lSo were gold and sl.235 silver.
The imports. exclusive of specie, for
the week were S5,97S, i6l, OF. which 81 las,
go were dry goods and AS2O,2ll were
general merchandise.
Ore-quartor of / per rent. has been
bid in Philadelphia for Northern Pacific
proxies.
Total bank clearinrs Of all the Clear
Lighthouses Of the United States for th'
month of september. 1898, S3,3i5,6 ,2S;. 4
decrease Of S0.7 per cent from III" sam,
month in lS92, for the nine months end
crease of II per cent; for the week end
ing oct. Z. 1893, s9lO,l7S, sg3. a decrease oI
32.i per cent. as compared with the sam
week in 1892.
New York exhibits a decrease Of 81
per cent. Boston. 1876 per cent; Phila
dclphia, go per cent; Baltimore. 2.i
per cent?; Chicago, 2l2 per cent; st
per cent
The stock market exhibited a littl,
more life after II o'clock. and prices
made a further advance. Whiskey Gen
cral Electric. Western Union and Wheel
ing and Lake Erie were the stront
features.
The last-named made IN c~Xccptiona
rise Of 5 points. to A -. There VA
some realizing on tho bank statement
but speculation left off strong. In thu
final sales Northwest jumped from 80 l.
to 100 "a.
The total sales were only 80, 300 shares
h bank statement shows an increase
IN cash of $6,Sl2 100, and in deposits OF
S9.2l5,5 0). The deposits are now about
S9,OO0,OIO in excess of the amount 81
loans outstanding, and this is a most en-
couraging feature Of the local iinancia
situation.
The banks gained S,5OS, 225 in surplus
reserve. which now stands at S2S, f2S, u
against 81, 93G, 57j last year and 1868, a
in 1891. They gained heavily, both from
the currency movement and the Sub
Treasury operations.
The following are the comparative fig
ures:
Sent. 20. Oct. I. Changes.
Specie 49,. so,7ss, 200 %4,372, 700 In tss, 30
Legal Tenders. H,O7o. 400 1905, 600 In g:5, 60
Deposits. ..... 800. $50. 800 400, 1876, 800 ms. 2l5, 10
Circulation, SEQ. II. 1896. GOO 1910, 900 In, 5ii,i
The Sub-Treasurv had a debit balanc
at the Clearirg-Housc to-day of sJl7, so
which was liquidate'l In gold.
The clearinghouse Loan COMMITTEE
cancelled to-day 500, 900 loan certificates
Total amount outstanding, Sl9, $50. OG
Total amoun cancelled this week, s., $50
900. Certificates to the amount of $3.50,
600 have been called for Monday.
The Boston Clearinghouse Loan Com
mittee cancelled to-day 81, $3.50, 900. TOta
outstanding, Sl.005, 900. Total cancelle
: this week, SSH 200.
: Money was nominally 2 per cent. o
= call.
r Foreign exchange showed a weake
tendency. Bankers long sterling sold "A
| 4.S3 . i.S3 Ia and sight drafts at 4.si g.
a AS.