New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-01
STOCKS STILL DECLINE.
REPEAL. OF THE SILVER ELL HAS no
SPECULATIVE EFFECT.
TIE STOCK MARKET DOWN ONE TO FOUR PER
CENT-THE LAST OF THE CLEARING
HOUSE LOAN CERTIFICATES TO

TIE STOCK MARKET DOWN ONE TO FOUR PER
CExr-TnE LAST OF TIE CLEARING
HOUSE LOAN CERTIFICATES TO
RE WIPED OUT TO-DAY.
There will be meeting OF the Clearing House
Association tomorrow at p. m. to receive the
rcport of the Clearing House Loan Committee upon
It's labors through the summer. The committee
will ask FOR it's discharge, as its abors VIII enh
to-day with the cancellation Of the last loan ccrtii-
cate outstanding. Yesterday there were S'l"'o"
loan certificates retired. leaving 100000 in existence
and these certificates Will be extingushed to-day
The Clearing House will then resume the issue OF
the detailed bank statement next Saturday. Ii Will
be the first detailed statement since June u. All
the Boston Clearing House certificates were re-
tired few weeks ago and the amount In Phiia-
delpha has been reduced to less than 2OOO'~
Tho satisfaction felt in financial circles over the
action Of the United states Senate on the silver
question was not reflected in the stock market
yesterday. In it's accustomed way wall street
discounted" the good news in the sharp advance
last week The market yesterday suffered from
the realizing sales begun on Monday Local opera
tors took profits freely. and LONDON houses con-
tlnued heavy sellers. The declines which followed
reached the limit of numerous stop loss orders
placed with brokers by small holders, and the
execution of these selling orders caused further
reesssioas. The selling pressure. 1t was reporteu
be too great for o gs,na Of
the Industrial shares to withstand. and extensive
liuuilatIng sales were believed to have been
forced upon his accounts The transactions Tor tne
day amounted to about l0le" sharGs me NED "'o o.
active stock was Chicago. Milwaukee ana d.
Paul. in which tie dealings exceeded '3Vp shdreS
rhe price opened shade lower at @,., tei
per cent ana closed at Ga, The next most act,ve
stock Western Union Telegraph with sSIe'
Of nearly 1000 shares. and the price feli TO $50
closing at ss7., against 3lA on Monday nlsht. ~
the Railway list conspicuous declines were scorer
by Chicago. Burlington and QuinSy, when lrI'
from -. at Mondays CLOSE to s2'-hS: chicago
Rock Island and Pacific falling from 4 to cs a;l
Gsas Chicago and Northwestern Won lVo,2 TO io,n
lOii, Atchison. Topeka and santa lie from ZiAs 10
2isn2yl., Philadelphia and Reading from as 10
las,u9,ss Union Pacific from l3i4 to l1s.uls4, anu
Lake Shore from lN to III , ia.
The Industrial shares were active ana weak. Inc
transactions in American Sugar l.eiinlng reacned
nearly $3.50 shares. The price Opened down ~
per cent at lOls rallied to o}, and then plunged
To 90 closing az 100. chicago Gas feli from oN,t
To 6;is. closing at Gi-. net loss OF -. per c'i't
Dlsilins and Cattle Feeding opened up y ror
cent 1T 3r. but dropped to "ll''2's. ieherai
Electric solG from ~ 10 49, .nNi,-
40 more important gold engagements were re-.
ported Yesterday. The foreign erchlnSe Market
"pen.l ,tr, nger. but declined near the close on
incr.a sod offerings of commercial bilIS. An an-
vance was reported in the rates Tor discount IN
London and there was little less demand 10:
bar gold