The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-09-15
CERTIFICATES CALLED H.
Clearinghouse Committee Can
cells Nearly $4,000, 900 Worth.
Despite This the Market 10 Feverish
ana Weak.

The Clearing House Loan Committee
have cancelled s., 5000 900 loan certificates.
leaving amount outstanding S3t.535, 900.
Regarding the prospects for cancella-
ton OF Clearing House certificates
President Simmons. OF the Fourth Ma
tional Bank. said this morning:
1t is not likely that a considerable
bltc OF Clearing House certificates will
be retired all at once by syndicate
of banks. Each bank will be guided
ness requirements, and will apply for,
or retire certificates. according to the
| necessities OF the situation.
You may quote me az saying that
so per cent. OF the advances made by
the Clearing House Committee in the
shape of Clearing House certificates
were made on bills receivable. or mer-
CHI ants notes. and not more than 30 per
cent. Of the collateral deposited con-
sists OF stocks and bonds"
Affairs at the Stock Exchange were
influenced at the start by moderate SELL
ing orders for London account, but the
market soon cut away from this in
tiuence and advanced.
General Electric rose from 46 1-2 to ~
and made "A good leader. as 1t was taken
freely by prominent houses.
The advance in the general list was
IA to / per cent. but there was little
activity In any direction.
In some quarters there was dispo-
sitlon to discount another good bank re-
, turn tomorrow.
In Judging of this statement It should
be remembered that while the banks
have received liberal amounts of cur
| rency from the interior, the arrivals of
gold from abroad this week have been
/ smaller than for some time past. Hence
as large Y gain In cash as that reported
on Saturday last is hardly to be ex-
peCted.
Easier money affords a support to the
market but the delay OF the Senate in
acting upon the silver question causes an
lindisposition to trade. and hence the ex-
The stea mship Britannia brought 49,
025 gold coin consigned to Wells, Fargo
g. Go. The Fuerst Bismarck brought
chants Exchange National Bank
The chances are that there will be
two Republican candidates for Senator
In the Fourth Brooklyn District. now
! tor Asphalt He will probably be the
Worth candidate in the, district.
TheNathan faction also talk Of run
ceded to be Republican by between
fifteen hundred and two thousand ma
jority.
Charles W. Sutherland. who ran against
Asphalt last year, was defeated by
about 21OO majority, but under the re-
apportionment the majority Will be
slightly reduced.
Sutherland will most likely make the
race for Senator again. and with two
Republican candidates in the field the
Democrats feel sure OF electing him.
The stock market became feverish as
the day advanced. and despite the un-
expectedly heavy cancellation Of Clear
ing-House loan certificates the tendency
of prices was downward.
| The bears were more aggressive than
of late. and at intervals the dealings
were animated.
Some selling was induced by the July
statement of theUnion Pacific. which
| shows gross earnings of $2,S2S.S74. a de-
crease of s92l,276 and net earnings OF
| $IS4.58O. a decrease of 1924, 402
Money on call was easy at 2 a 4 per
cent. Time loans were 8 per cent.
| with exceptional transactions at s per
cent. The demand for mercantile pa
per ha, improved. and strictly prime
names can be negotiated at per
cent
Foreign exchange was dull. Bankers
sixty day bills sold at 4s2 a 1882 10, and
demand at 4.S4 a A85.
| The Sub-Treasury had debit balance
at the Clearing House this morning of
Ss79. $50. which was liquidated as follows
$4,000 In gold coin and 1859 in United
| States notes.
1t is stated that the New York Cen
trail recently negotiated loans for ST.
10000 abroad, paying per cent. inter-
| est therefor.
All Information in regard to the mat
ter has been refused by the Company.