The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-09-16
FAVORABLE BANK STATEMENT.
The Gain in Cash Twice as Much
as Las. Week.
Prices OF Stocks Low. Owing to
Bear Pressure.

| Inc week mas been one or difmlniShinf
business at the Stock Exchange In con
sequence OF the uncertainty in regard tt
the action OF the Senate on the si,ve,
| question. There has been so much tall
and little progress towards a repeal OF
the Sherman law that the bulls have be
come discouraged and the bears ar,
more disposed to enter into a campaign
for lower prices.
The foreign demand has subsidized, bu
at the same time there Is no pressur,
OF long stock to speak Of from investors
| American Sugar this morning fell 1 l..
| 10 ~ 81; Chicago Gas. 4 to 5S1-2: Man.
NATHAN l-S to 10 Sd: New Jersey Central
| 70 iG. and Burlington & Quincy. Z,
General Electric was fIrmer than tn,
rest. selling at A l-2 a A 80
| The favorable bank statement had q
ket near the close. but the improve
ment was slight owing to bear pressure
against agar 9, the industrals;; especially Chi
ss1 he s o%es suSS Rures These n. left on
The trading was confined within yer,
narrow limits throughout.
Inc sales OF stocks were 691A shares
silver certificates. 90. ounces, In tn.
Sugar and 1850 Lead were traded in. VI
Inc bank statement came In the ma.
.uit Vi SURPRISE 10 the street 1t was
supposed that. because of the reduced
receipts OF gold from Europe the gair
IN cash would be less than last week
Instead II was Twice az much the specie
tender average N,3lO. 300 higher. The De.
posts increased only s., 485, 900, because
there was contraction In loans of over
Circulation shows another big increa Sc
The banks gain S7,635, 325 in surplus re.
serve. which now stands at $40, Col, 700
Just IT, a month ago the banks were Sl6..
5tS,oo under the legal requirement
Thus they have made gain of over
$27, ZOO, 900.
90 ss sss%a 100 Dec at"TTs
tutf. sa4sSS SSS Inc I"s t 3lS s.
Cir1n 1i,.o3, 400 l:,7.3 600 Inc i.5iI,2O0
Money was nominally 3 4 per cent.
steady at 4s2l IA a ASP IL for bankers
GO-day bills and 4.S5 for demand.
me Sub.Treas'ry had a debit balance
at the Clearing House this morning of
!s0i 10. which was liauidated as follows
$500. 900 in gold coin and sl,l5O in United
States notes.
The report of the Cleveland. Cincin-
natl, Chicago & st. Louis for the year
OF S4,4ie.i5l. an increase OF $3.50, 1865; eS-
penses. N0.9l4,7s7, an Increase OF s,l2G,
~: net. 49, lol 36i an increase OF S295. 4so;
total net, 3D. iUf2bS decrease of $3.50 =
64S: dividends. M,340, 900; total. 81, O66, 276,
an increase of slj6, lO2 and deficit, $s62,
COZ. a decrease OF $442.745
The imports, exclusive of specie. at
were s7.o3a6e4, OF which si,943. 100 was
general merchandise and s.,OS9.564 dry
goods.
The imports OF specie at the port Of
New York for the week were 81 ,25o3O2
Of which N.0Ss.O24 was gold and sl69. 27s
silver
The exports of domestic breadstufrs
from the United States for the month
of August. 1893 were $2l. SIS. 22S, an in
crease Of 2.sl8,5ls: for eight months
sl24, 400, ols. n decrease OF s4l,743S sos. The
exports OF provisions for the month of
August X g.. were a;7ts.las. an increase OF
Increase Of 81. lBs,S45.
The total bank clearings OF all the
Clearing Houses of the United States
for the week ending to-day, Sept 49,
were S767. 49,, 1913. against $736, 0SS, l64 las
week and Sl.l7G,526,5 99 the corresponding
week OF last year.
Treasurer Foster, OF the Chicago and
Alton. has addressed a circular to the
stockholders advising them that the
written consent of the required number
of stockholders has been received to the
proposed new issue OF common stock
which Is on the basis of one new share
OF common stock for each eight shares
of both common and preferred
The holders of 81. 00O. 900 OF the s.. 500. 600
Union Pacific third mortgage sinking
fund bonds have accepted The extension
of the bonds for six years at the same
rate Of interest. The syndicate will take
the remaining $500, 900.