New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-19
WALL-ST.'S CHEERFUL MOOD.
ITEMS OF GOOD NEWS AID HOPES IN THE
REPEAL. BILL
STOCKS ADVANCE 1 To PER CENr-A CLEARING.
HOUSE DEPOSITORY FOR CoLD-LoAN GER

STOCKS ADVANCE To PER CENT-A CLEARING
HOUSE DEPOSITORY FOR CoLD-LoAS GER
TIF!CATEs RAPIDLY DISAPPEARING.
The sentiment Of Wall Street became buoyant
yesterday. owing to number OF stimulating infiu-
ences. Hope revived Of the passage OF the Silver
Repeal BILL and in spite OF the absence OF encourag-
ing advices from Washington, the debate OF Tues
day accepted generally as significant OF
change for the better In the prospects OF the
Voorhees, bill Every enjoyed reading the r1er-
CHESS castigatlon administered by Senator sherman
to the Democratic majority in the United states
Senate In some way II was reasoned out thar this
would stimulate the friends OF repeal to early posi-
tive action. Other encouraging influences were the
announcement of the defeat OF the Willard ticket
in Northern Pacific. and the arrangement for the
extension OF the Speyer-Reading loan so as 10 avert
danger OF a sacrifice OF collateral. Decided COM
fort also drawn from the increase in earnings
reported by the Chicago Milwaukee and st. Paul
Railroad for the second week of october. following
the gain in Rock Islands earnings noted IN yes
terdays Tribune The bulls also were stimulated
TO aggression by the prospect OF another excel
lent bank statement Saturday.
The weakness OF the foreign exchange market
another factor that helped the cheerful temper.
There were 100000 Clearing House loan certificates
cancelled yesterday, leaving only S.0nuv certI.-
Gates outstanding. There calls for $4,000 GER
thcates for retirement to-day. At Boston $4,000
certilcatcS were cancelled, reducing the outStunu-
ing amount to $4,000.
At meeting OF the Clearing House Committee
yesterday afternoon it was decided TO hire vaults
OF the Mercantile Safe Deposit Company In the
Equitable building. to serve as a gold depository
Treasury In settlement OF Clearing House balances
would be deposited Against these deposits Clear.
ing-House certificates Will be issued. 1t Is believed
That these certificates may be used in computing
the reserves. Previous to 1884 the vaults OF the
The bank issued its gold certificates against
those deposits. During the days of the Gold Board
the Bank Of New-York was a gold depository
The bank issued its own peculiar gold checks"
II VIII be remembered that the famous Eddie
ketchum made forgeres of these checks which
he deposited with his brokers as collateral
The stock market developed strength after
the opening. Although n period Of duncss and
OF stocks for sale. and in the late dealings the
TO the speculation Chicago Milwaukee and St
Paul was the active stock. and rose from
5i2 to 5sis Chicago burlington and Quincy adj
yanced IL per cent to 1874. and Chicago. Rock
Island and Pacific rs per cent 10 Gu. Delaware
Lackawanna and Western up to l5i. and closed
al rs per cent better at reaction Ia l5js Gains
OF lplss per cent were scored by Atchson. Lake
shore. Missouri Pacific. Louisville and Nashville
and Western Union Telegraph.
The industrial stocks were strong from the start
American Sugar Refining opened up y per cent
az 9Vt., and rose TO 49,. Chicago Gas sold from
5lss 10 531s and General Electric advanced from
Z; TO a. The market closed buoyant at about the
highest prices. IL