New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-13
CERTIFICATES COMING in.
BANKS RETIRE THEM HERE AND IN BOSTON.
USING MORE CASH IN SETTLING CLEARING HOUSE
B,LANCES-TIIE STOCK MARKET DE
DRESSED AND LOWER.

Little of interest occurred in wall Street circles
yesterday. but the relaxing tendency OF monetary
affairs again was noted The Clearing House Loan
Committee cancelled S9OoO0O loan certificates. rednc
ing the outstanding amount 10 $tsSo.VU IN fos-
ton 10000 certificates were retired, making the to-
tai outstanding amount Sll275.o~ In both cities
there is an increase I'm the use OF money 10 se'ue
Clearing House balances. Al Boston over NoVVV
gold was paid in settlements and the proportion OF
cash used in Yesterdays settlements at the New
York Clearing house was e. per cent The chi
cago banks are beginning TO ship currency largely
TO York az New-York exchange in Chlcago Is
now at a premium. The policy Of the Chicago banks
I'm trying to discredit their neighbors here has
driven New-York exchange out Of the Western
market and the Chicago banks are now forced TO
remit to the East in cash instead Of exchange. IL
is expected that this will add largely TO the supply
OF money In the New-l ork banks this Week \
trifing loft. 4c0in gold and silver coin arrlNeu
here yesterday on the steamer Kaiser Wilhelm H.
The board of directors Of the Manhattan Railway
Company yesterday declared the usual quarterly
dividend of IL per cent. The transfer DOCKS WI"
close September Is and will reopen on OCTOBER ''
They will then be closed on october for the pur-
poses of the annual election on November ). anu
will reopen November g. The directors announced
no change of policy i'm respect to the rapid TRANSIT
situation. The Executive Committee of The West
ern Union Telegraph Company yesterday reoo"-
mended to the directors who meet to-day. the dec
laration of the usual dividend Of III per cent IL Is
extremely encouraging These meetings were
Offset by the news from Philadelphia that the L.
high Valley directors had decided to pass the quar-
terly dividend.
The stock speculation yesterday showed we2rl-
ness and there was check to the recent rapid
inward pace The Indifference of the Newly ork
bull pools to the extremely unfavorable Govern
ment crop report just published and the long
record of unfsyorable railroad earnings does not
appear to be shared by foreign and Chicago opera
TORS London houses again hold stocks and Western
operators were sellers There was decline in
Chicago, Milwaukee and St Paul from CTS to
sol I6Oss while Rock Island fell from G6is 10 G4s.Q
eiS Chicago. Burlington and Quincy from Sc 10
sii1Gsis. Chicago and Northwestern from lOlSs Mon
day to 100 and Atchison from 2lss to 2o2. Foreign
selling depressed Louisville and Nashville from
SOS. to 53ssGJ4. Losses of l per cent more were
scored by Lake Shore I.ackawanna. Northern
Pacific common Union Pacific and Western Union
Telegraph
The weakness in the industrial group was most
pronounced in Chicago Gas. which fell from GO to
$4,000 The bears renewed talk of opposition COM
panies and there were rumors that earnings were
unfavorable. American Cotton Oil dropped IL per
cent to Sii. and National Cordage the like amount
TO ~. American Sugar Refining sold up from s2l2
935s. but then receded to yl2E9l1s General Elec-
trc advanced per cent to 41@s but later sold down
10 45s4. Manhattan Railway reacted from lS 10
l29 the result of the meeting of directors being dis
appointing. Some of the "specialties'' were higher
among them the Richmond Terminal stocks being
in unusual demand at slight advance. The move
ment in these stocks is said TO be based on de-
velopments expected soon in relation 10 the reor-