New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-14
WHAT WAS DONE IN STOCKS.

Y,
The stock market clearly reflected the gen
eral disappointment at the impotent conclusion
Of the debate in the Senate. compromise
on the silver question seems to be the last
resort but it is not yet known whether terms
can be arranged that will be satisfactory To
the lower house Of Congress and to the Presi-
dent That IS a question Of politics which
NAV not be discussed at this time. There Is
always the remaining possibility that the Treas
ury will refuse to buy silver bullion. because
its first duty is to maintain the parity De-
tween all kinds of currency. The present
law may be nullifed by a refusal to continue
purchases OF silver bullion on the preteXt mat
further purchases might interfere with the
recognized policy of the country com
promise measure is probable. but II may not
he adopted. and the present silver Id"' '"e'c-
fore may remain in force
The prices Of stocks declined from the open
ing and the last ones were generally me low
est for the day. The movement was sufhciently
uniform. but final declines ranged from small
fra elton To 4 per cent American sugar RehninR
was the most active stock. and IT lost 3'a per
cent. and Distilling and Cattle Feeding; whcn
was second in point of activity. closed per
cent lower. Chicago Gas ended at us lowest
point with a loss Of ga per cent but the prih-
cipal Granger stocks were not far behind IT. and
stocks which were neither active nor In the en-
, joyment OF broad market were conspicuousiy
weak The announcement that the Union "a
cifc Railway had sought the protection Of the
courts not surprise, because the recent
decline in the stock in the open market was
more significant than official denials. There is
| some probability that the action is directed
solely to an adjustment Of the Government
| debt and the example may be followed by
| other companies which have received Govern
ment subsidy II must be admitted that IN the
case Of Union Pacific the worst is known. and
that other occurrences in the same direction
have likewise been anticipated.
THE DAY IN THE BOND MARKET.
| There were no transactions in Government
| bonds at the Stock Exchange. but the market
was weak and for As somewhat lower. The
| closing quotations were as follows:
| l.. 6. Ais 1901. Sounds lsSj!o2
cntinuod at Us.cur,s is9Sjo
g: iS$ '::1S i s;$1S:: is;; IY
DisCol 8. 8 1sJi1Ila liz
The business in state issues was limited to
small sale Of Virginia funding debt. % per
cents at 80 OF city bank stocks Central Ma
| tiOna sold go at 10.
The general bond market was more active
hut the course Of prices uniformly down
ward Atchison As declined per cent to Il.
and "A" seconds suffered the same loss at 49,
Chesapeake and Ohio consol ~ were weak at
decline Of per cent, to lOl. chicago ana
Northern Pacific hrsts fell pa per cent to
39l., and Northern Pacific consol 5s 2iz per
cent to 30 The business in them amounted
! Ia nearly sls5 900 Philadelphia and Reading
! incomes were dull. but seconds fell per cent
To Is General A. declined 2. per cent to e6A
Union Pacific collateral trus, notes were per
cent lower at SO. Reference is made to our
full report Of bond sales.
Rates for money call were unchanged. AT
2M2ls per cent. The last loans were at the
lower figure. -
The Clearing House statement was as fol-
lows: Exchanges, $74319023; balances. Al4l.-
$40.
The Sub-Treasury was debtor to the Clear
ing House 1927 j94 The business OF the
Sub-Trcasury for the week ended tonight In
cludes receipts Of SECESSION, and payments OF
s24 G37 1893, leaving the general balance *'''i'o
Isl against $50. JOi2l0 on October 8. an apparent
loss OF 81. $50 92g But deducting from the pay
mcnts g. s02 900. and from the receipts $5.3s+.-
900 for items which affect only its accounts
viii the general Treasury. It's loss as affecting
me banks is 81 932 500 and this result does not
include payments Of $26,49S for purchased
bonds an
To-day's operations included: Receipts. 3d.
$50 oOs: PAYMENTS s34ol.5s2. with balances Of
$40 ssl, Ill coin and $j,2sS.'7O currency.
received to-day ---- National bank notes for
The customs receipts were s52l, the inter
nal revenue receipts Sozh'JD ana the iI's'ci-
laneous receipts $lJ,OS
To-day's Washington Treasury statement OF
cash on hand and deposits in bank compares
with the figures Of the last previous statement
follows:
Nc, gold on hand 9St S Dec
ri Il ."e i'd s ss ' Inc; iSs15
Actual cash ii the
Treasury vaults
Ttiae"cs sIOj $50 oe7 .IOj 2o7.7 80 Dec SOB e3a
Deposits in bank. I33DG.sI2 15lls2l' Dee 2's'''
Ne. cash bal SlIo 297 100 900 Dec 1851 $50
The foreign exchanges were higher but in
active The demand was light ana III scatter
inc lots while the supply Of commercial bills
was meagre. Following are revised quotations
for actual business: Bankers bills. - S3nA s3':
and "a S5H for long and short sterling respec-
lively. French francs, 5.2lh and JlS&.; reich
marks 9iss@94% and s''a
In London British consols advanced q per
cont to 98iL for money and l-IG 10 the same
nrice for the account. The Bank Of England
gained f1l5 900 bullion on balance In the open
market money was firm at IL per cent FOR DIS
counts and again easy at about :. per cent Tor
bankers balances. Bar silver was quoted duli
M 3aald an ounce American railway shares
the closing was at the lowest figures. At Paris
French 2 per cents closed n few centimes higher
at gS 41is sight exchange on London being easier
at 2j.lS francs TO the sterling
The quarterly statements or the Nauonai
hanks OF the city OF NcT-Nork show their rondi-
ton on October compared WIN mat on July
II to be as follows
LIABILITIES
oc, 2 Is: Jul Il 1901. Companions.
,.ors,,t .yjnrsO col lGh.OOO Inc. sWOJl
Net profits 6o7s79O os?.nsooo ne s.s 20
.nsnlaiSn 49,. is?0Aoc 0o''ooo in'. c3'"soV
on,e,,rdIne M 1860 900 1890 COO Dec. io00O
~, ,,n. ~, 1Ol 200 !3J. 3.s, 700 Dee. 3..?7 900
D,e ',.,i. -, 3.3 100 .l5.siJ 900 Inc St97 100
~ 80 % ,,drnds go 200 SO 500 Dec. iO. S0V
,o,,st s5o5 sss. 800 st9i. 400 G0o Inc flt4'9700
RESOURCES.
oct s. 1885 July 4. 1893. Comparisons.
Lean. ara an Cot 300 1900 1880 Dee sc54o7 900