New-York tribune., 1895-12-22

on Friday withdrew from the Sub-Treasury
s400 600 In gold and deposited 1t In the vaults
Of the Mercantile Safe Deposit COMPANY; ear az
in ersenbacks II was also said that on FRIDAY
Harvey Fisk & Sons. Of No "A Nassau-st, Win,
drew $l5O.OOo in gold from the Suo-Ireasury ana ana
deposited il in the vaults of the National Sale
Deposit Company. at No. 3Z LlDerty-st.
ON THE PRODUCE EXCHANGE.
On the Produce Exchange grain and provi-
sions were steady and changes in prices were
slight. Sales of wheat were 100000 bushels
Sales for export We're 5000 bushels. Cotton was
off at one time 26 points. 1t opened II points
off on a decline in Liverpool or az 10 Pomts,
which was equal 10 to ~ points mere. i ne
closing was 10 TO IA points below fridays maj
figures. Sales were 2oIoVV paies N"ii00 wac
steady. T., ,
Newst stopped accepting orders .e,mp3da,biy ihn
The movement of stocks had been 50 rapio that
1t threaten them with insolvency
A MISTAKE
Among fnanciers the opinion was general tnat
the foreigners who sold their American stocks
had made a great mistake. They parted with
them at figures which must have entailed seri-
Gus losses to them. 1t was the expectation that
the stocks would be bought back at higher prices
as soon as the alarm subsided So far as could
he learned the new United States Government
4 per cent bonds held abroad had not peeh uls-
posed of to extent, Wncn Wouiu iiuiNato ''is''
the solid investors OF Europe were not 10 De
scared into sacrificing frst-class security.
President Francis L. Eames, of the Stock Ex-
change said ,. /,
The present condition of the stock market is
the direct and legitimate result of the President
message on the Venezuelan question Wnal the
outcome will be / will not pretend TO say
President A. b. Hepburn. of the Third Natlonai
Bank who was formerly Controller OIL the Cur
rency. said:
II do not see any occasion for meeting OF
bankers at present TO consider measures lot the
relief of the financial situation. No one knows
as vet what is necessary to be done. The Presi-
dent has sent q message to Congress urging cur
rency legislation, but ii is extremely vague he
does not propose anything, and do not near that
the Secretary OF the Treasury or any nemDer or
Congress has a bill ready. | imagine that things
might quiet down If the President would go duck
hunting again for about ten days. Things maze
favorable probgress while was fishing Tor three
or four months at BuZzards Bay last summer.
If the Venezuelan Commission is composed OF
men in whom the people have confidence the
effect will be to allay apprehension
Isaac Seligman. of J. & W. Seligman & Co.,
said. 'I think the worst is over in the stock
market and although there may be setbacks.
look for an Improvement from this time on.
The talk of war, in my opinion, VIII pass away
when the people come to look at the situation
intelligently and sobery.
William Sherer, manager OF the Clearing
House Of the Associated Banks, said The
banks contemplate no concerted action in the
present financial difficulties. They do not think
The condition of affairs requires it,
John Bloodgood said: This was the shortes
day of the year according to the almanac, but
It was the longest for some people in Wall
Street"