New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-18
MORE GOLD FROM EUROPE.
SMALL SHIPMENTS ANNOUNCED. But En-
CHANCE ADVANCES.
NO RAD NEWS IN PARTICULAR. VET STOCKS 80
DOWN WITH DEPRESSING UNANlMlTf-
LOAN CERTIFICATES RETIRED.

The effect Of the upward movement which dcVeioP.1
In the stock market on Friday. and III 'he carry
trading On saturday had entirely disappeared 10y YES
terday and Wall street operations showed h''''"i
continuance Of The decline that set IN IN the 'O'"1
bour on >atnriav All Stock, showed losses, ID"
greatest loss any on stock being IL per CENT
which was scored against Northern Pacific In aln' 81
al! others the los reached per ccn;, ana I'D so
cases exceeded il. one stock, Ntchi>on Topeka ana
saute Fc touching the lowest point reached III III
history The transactions. however were moi lirG''
the entire sales Of both listed aud unlisted STOCKS
acgreeating less than 100000 shares
This depression was rot altogether rcfcrrahl" TO
the new developments of The day. 10 be sure. there
were report, IF scvcr. bank failure in ihc West,
notably at Denver. where three savings BANKS coseo
their Doors and In Kansas CITY. These lanurs wei"
OF course irdcative in n measure Of the continued
strain under witch the Western financial Institutions
are suffering hut they at the same time only
the natural and expected result That ms come. II Il
probably must COM, until there is decided relief
through the extra session OF Congress or otherwise
The failures stn,rl,d yesterday did not. therefore
have any immediate effect on New-IoIk trading
With one at most Two, exceptions the insiitu'ioS
TINT failed were small and none of them was SAID
10 be In debt TO IT, New York CORE pondent.
Money loaned. as a rule. at per cent, and was
comparatvely easy call throughout the day,
although time loans were as dilcult Of procurement
AS before The Loan Committee OF the Clearing
House met ana authorized the retirement OF $4,000
I'm loan certificates. There was 10 further ISSUE OF
these certificates and the net amoun, now outstanding
Is 81 100000. The amount retired was too ncon-
siderable TO accepted in thu street. significant
Of much. There reports OF further issuaices
OF loan certificates in other cities several other snip
ments OF gold from Europe this country were an
nounced. but the amounts were small. y capie as
patch from southampton said that the North Eenhah
Lloyd steamer Ems had sailed from Bremen on sunday
with Vi a "A
sterling market, however advanced materially, u"
posted rates for foreign exchange being 81 o1"T1 o.
The currency movements yesterday were lheoli-
Siderable and demands from the country for accom-
mediation from New-lork banks were heh'. Inc
sub1reasury In debt to the Clearing House T''i-
600. and IL paid that sum in currency. Instead o! Ill
gold, AS 1t did part of the time last week The
payments over the counter amounted to htile more
than SlO0. 900, and there movement al cur
rency to the West. The belief was expressed yes
terday that. owing TO the recent large movement oi
money to the West. there would not be the usual
demand this autumn currency Tor moving the
crops. the probability being That the large sums
already sent viii become available for that purpose
lerior cities still reported beine hardpressed
for cash. This was especially tue of Philadelphia
urer, In this city yesterday. laughed at The story
which came from Washington. mat the Treasury
Sna in s setle@cn Of the Clearing osc balances
against the sub Treasury because r GovSrnmen
which, the story said. 1t must do MS soon as The
gold reserve again REACHED the SlO3ooo0oo marx,
PLANTATION for this other than the hint that II
might indicate desire to accumulate supply, rS %,
have arisen from fear that the supply OF currency
might not be sufficient TO meet the demands Tor
In the dealinrs on the stock Exchange YESTERDAY,
the Vanderbilt stocks ths Gr1nseTI' nr 'TT nl
The ndustrias shared like fate, and the results
OF the depression were visible throughout the Ist