New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-12
DECIDED RISE CONTINUES.
CONFIDENCE IN WALL STREET, DESPITE
SOME UNFAvORABIE ELEMENTS
GAINS FOR ST. PAUL, MANHATTAN CONSOLE
DATED AND THE INDUSTRIAL SIoOhN-OoN
SENTATIVE METHODS IN THE RETIRE
MENr OF loan CERTIFICATES.


MENr OF LOAN CERTIFICATES
The stock market buoyant YESTERDAY IN
spite of unfavorabe elements. That intangible
wall Street factor called confidence seemed much
IN control and the unfavorable crop report ana
London selling of American securities WIN ho
added assurance Of action by the senate OH '"e
silver question did not suffice to stay the rising
values With three or four exceptions all s'ocN'
on the list scored material advances
The most active stock Chicago. Milwaukee
ard ST Paul which i'm the depression of the open
ing hours of the market fell from GUS TO oss' pu'
closed at 62ls after touching 65 rms was III INC
face of a statement that showed heavy decrease
of earnings for the road. The most marked au-
vance scored was by Manhattan Consolidated
which from an opening price of l26, went TO l'A'4
and closed at lS3. This movement was based upon
a rumor that the directors of the company at 'le"
meeting to-day would increase the dividend Ma
tional Cordage advanced on an expectation that
the REORGANIZATION Committee would issue Ia
vorable statement SOON Other industrial STOCKS
showed decided gains.
The extent to which the retirement OF 'Ied'l""
House loan certificates Is looked upon by oNei-
anxious people barometer OF fnancial conoi-
lions is indicated by the constantly recurring sto-
ries of large cancellations. Yesterday, the story
was that several downtown banks were about 70
,etire certificates 10 the amount of N000Wv IL Is
known, however that the leading bankers are oP-
nosed TO the hasty retirement of large amounts vi
these certificates Just as they deprecate Il Sulue"
boom In the stock market other ehulitons OF
oyer-wesning confidence For that reason II Is not
yet to be expected that the cancellations oil loan
certificates will equal the amount that the banks
could retire if they chose to do so. Inc cahcelid-
lions yesterday amounted 10 >Oo"N IeaNhs ue
amount outstanding $37lG5,Co Additional certlh-
Gates, to the amount of $20O~ We're caIleu IN LOT
retirement to-day \ member of the Clearing
House committee said that there would now prop
ably be daily retrements OF several hundred thou
sand dollars.
Imports Of gold the steamship La Gascogne
Yesterday were 1852 900 francs consigned as follows:
Muller schsll e. Co, $4,000 francs: August Bel
mont & Co.. SIS. 900 francs; Heidebach. lckelheimer
e. Co.. $1,000 francs ana Hosker. Wood * CO.,
1900 francs.
The Sub-Treasury was debtor at the CIearihg
House sij5.Ooo, which it paid mostly in gold
Addison Cammack sent to The Tribune last even
ing this denial of the report that he engineer
ing wheat corner:
There is not the slightest foundation for the
Chicago. have never made TRANSACTION IN
Chicago of sufficient magnitude to affect the mar
ket there and never expect TO-
William Nelson Cromwell, counsel for the New
York stockholders of the Evansville and Terre haut
Railroad, confirmed the statement yesterday that
the order putting the road into the hands OF
receiver had been vacated. Private dispatches
also brought the that the president % the
company. George j. Grammer, had tendef~d ms
directors will meet In Terre Haute to,uaN. anu
will probably elect another president. Before the
pany showed to the court that it had s. of assets
for 81 of liabilities.