The morning call., 1893-06-29
LOOKS MUCH BETTER
There Is an Easier Feeling Mani
tested in Wall Street.
Nevertheless the Depression Is Such
That Many Mercantile Concerns
Have Gone Under.
Special to THE MORNING CALL.

NEW YORK, June 28.-Bankers reported
an easier condition in the money market
this morning There were no extra
ordinary shipments, and the only thing
which was noticed out of the ordinary was
the large number of demands for re-
discounts from all over the country. The
Clearinghouse loan committee issued
81, 100000 of certificates, making the total
amounG issued Sc, 100000. The sub
treasury transferred Sis. 900 to San Fran
cisco by telegraph in return for gold de-
posted. The free gold in the treasury
to-day is just S96. 10000
There Is much talk in Wall street as to
the reasons which have prevented the
President calling Congress together i'm
mediateiy. An intimate friend of the
Secretary of the Treasury, in conversation
with reporter, said that according to
Carlisle canvass of the members of Con-
gress two months ago on behalf of Cleve-
land resulted in learning that there was
majority in the House In favor of the
repeal of the Sherman law, but in the
Senate there as a majority of twenty the
other way. 1t was believed, however,
that enough Senators, eleven at least,
could be converted before September so
as to enable the repeal Of the measure to
pass the upper House.
G. P. Huntington said this afternoon
that he had not sold $4,000, 900 or any
other amount Of bonds abroad. He sold
some small lots in New York-odds and
ends, so to speak. The present is no time
to sell bonds.
CLEVELAND. June 28.-On account of
the great depression in trade, one after
another of the great iron mines in the
upper Michigan peninsula are shutting
down indefinitely. These mines employ
thousands Of men, and practically are the
sole support of whole towns in the
peninsula. A protracted cessation of work
is bound to result in widespread suffering.
II will also have a very bad effect on YES
sells in the ore-carrying trade.
PHILADELPHIA, June 28.-The depress-
ing effect on the present condition of the
cotton trade is making itself felt in Frank
ford and kensingtOn. The man ayers of
mills are trying to avert the suspension of
the entire plant by laying off the employees
of one room at one TIM, hoping that trade
will take boom, but two large plants in
Frankfort have finally decided to shut
down one month at least; and the others
in Kensington; it is rumored, Will soon
follow example. The mills first TO succumb
are the Calcutta and Berkshire, both oper-
ated by the Berkshire Mill Company and
employing GOO hands
BEDFORD. Ind, June 2S.-The Bedford
Stone Quarries Company, the largest pro-
ducers of eolitic limestone In the world.
have made an assignment TO William l..
Brewogle, one of the company's largest
creditors. Inability to realize in time to
meet maturing obligations is given as the
cause. A bond of $500, 200 is required.
LoCKHAvEN, Pa, june 2S.-The State
Bank of Lockhaven has gone into liquida-
ton.
ONTARIO. CAL. June 2S.-Attorney-
General Hart and Commissioners Gerber
ding and Dunsmore examined the Citizens
Bank to-day and found it perfectly SOL
vent 1t will open for business tomorrow.
SIOUX CITY, June 2S.-The failure of the
Union Trust Company was announced
to-day. The liabilities are S35O,OOO and
assets $3.50, ZOO. The stock is largely held
in New Hampshire. 1t is stated that the
obligations can be fully satisfied from the
assets.