Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-14
PRICES FALL IN WALL STREET.
Loans, Deposits and Circulation Of
Banks show an Increase.

NEW YORK, Oct. 14-The stock market
opened quieter and lower. The decline in
prices ranged from 1-S to IL per cent
Union Pacific declined from 16 1-S to Is 3-4
Hooking Valley rose per cent to % on the
decision of the court in favor Of the COM
pany in the Stevenson Burke case
Shortly after the opening the bull pools
In Distillers and sugar began operations
against the shorts, and succeeded in lifting
prices all around. Orders for considera BILE
amounts were placed in different parts Of
the list, and a sharp rise ensued Sugar
rose 3-8 to 80 3-S, Distillers l So to 81 IS
Chicago Gas to So 81, B. and q. 3-4 to 70,
ST. faul t-S to 5S Ia General Electric IL
TO ~. Rock Island rs to 60, Missouri Pacific
5-S to Y IA, Reading liz to 16 81, Union
Pacific 5-S to 16 IS and Western Union / to
to $50 1-2.
Hooking Valley securities were in demand
on the favorable decision rendered yester-
day by the Supreme Court in general term.
The common rose to % 5-S.. preferred IL to
62 and the five per cent bonds to 49, At IL
a. m. the market was firm.
The weekly statement of the associated
banks show the following changes:
reserve increase, S,26 1875; loans Increase
s2.Si42oo; special increase, S6,OO6 700: legal
lenders increase, $685., 700; deposits increase.
Sizzoo'Soo: circulation increase. Sl6,S00. The
banks now hold $33. S96. $50 in excess of the
requirements of the twenty-five per cent
rule.
ne imports OF specie at the port OF New
York for the week were S1O9,51S, Of which
S64.9si were gold and $44,534 silver. The
imports exclusive of specie at the port of
New York for the week were s6,939,O57, of
which Sl.2I9,01S were dry goods and s., 66O =
O39 general merchandise
STOCK market at noon weak-Noney on
CALL Ia L.; bankers sixty-day bills Asa
4S5 IL; demand, asa 3-4a4S5 II; sterling ex-
change steady: state bonds dull; government
bonds steady. Cotton futures closed-No 1,
SIS: No: ., S25; No. 3. S36; No. 4, S47; No.
D. 500: No. T. S6+, Flour quiet, weak. Wheat
quiet, 1-4c. lower, steady. Corn dull, steady.
Pork quiet. firm-mess 1880. Lard dull.
steady-steam. 1890 Turpentine quiet,
steady. - 1-2a29 Rosin dull, steady-strain-
ed, III 1-2a13O. Freights firm-tallow. lbs.
6da11s6d Cheese. 30s.
Money on call Is nominally 2a2 -; prime
paper Gas per cent. Sterling exchange
steady, actual business in bankers bills
is'aiS IL for sixty days. and 4S4 3-4a485 IA
for demand. Posted rates 4S4a4SS; CONNER
cial bills. 4N 1-2a4s2 1-2 sixty days, and
4S3 3-4aiS4 IA demand Clearing house state
ment: Exchanges, $50, 064.047; balances, So
Gl,O63 The subtreasury was s, OS6 691 debt
or at the clearing house. Bar silver 72 S-4:
government bonds steady; state bonds dull:
railroad bonds weak. Silver at the stock
exchange was 70 Is bid, 70 3-S asked.
Inc rise in the stock market before IL
o clock induced realizations and prices re-
acted IA to Is per cent from the highest
D!stillers and Rock Island were noticeably
weak, the former selling down to 81 and the
latter to 81 Is The favorable bank state
ment failed to check the decline and specu-
lation left off weak in tone. Erie 1S IA;
Chicago and Northwest, 80 ga; Lake Shore
120 1-2: Norfolk and Western preferred
20 L.: Richmond Terminal. 23-4: Western