New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-27

as fellows: Exchanges, Slo6.OSs.9s9: balances, &-
1855 For the week Exchanges. s64l,642OOs;
balances S40.l1 454
The total bank cearings OF all the clearing
houses Of the United States for the week ending
to-day aggregate LA sos 1870, decrease OF w.
S9l, 252 from last week
ON THE STOCK EXCHANGE.
Stock values were not materially charged to-
day, and outside OF Sugar Refining and United
States Leather preferred TRANSACTIONS were small
and insignificant The usual Saturday dulness
somewhat heavier, and ne indicat tons or es-
Icca interest were shown in the market by any
a few room traders. sugar lsehning was
pushed down | per cent, making a loss fOr inc
week of nearly per cent, and its course during
the week appears to indicate that the stock 3
wanted below par for inside purchases. There
IL no actual trade reason for decline II sugar;
and. In fact, II there We're. II would not be re.
sponsiblc for change in the stocks value, for
the stock moves wholly Independent or traN
conditions or influences United States Leather pa.
ferred suffered logs Of 3's per cent which makes
@ fall OF more than points since Monday, WHICH,
however is not surprising or distressing, Tor Tag
earnings Of the company and the dividends paid
the preferred stock II would seem do not war
rant a par price for Il when other companies
which make better divid, nj showing, sell below
par The hide leather market is dull! and me
coming auction sale IN Antu erp on October ~
will have much to do with the tendency OF prices
for time to come Reports from the West
chow that tanneries are only working about ~
per cent OF their capacity, and IL is understood
that the United States Leather Company Is not
doing any extensive buying OF hides at present
People who have been selling Leather stock ars
evidently not we'll pleased with the outlook In the
leather market. and it vas reported to-day THAI
more leather holdings would come on the market
next eek.
The weakness In the Industrial group had an
unfavorable effect upon the greater number OF
shares but declines were only fractional ana
the dealings were too small TO attract especial
attention. St Paul was moderately dealt IN
but the other Granger shares were neglected,
while the railway list In general was not FAC
tor in the days transactions. The drouth situ-
alton In the West is causing some uneasiness
over the next crop OF winter wheat. but II seems
rather early 10 make any predictions on the
effect OF the long period Of drouth and IL GER
tainly Is too early to worry about something
which may occur in the future, inasmuch as
Wall Street believes IL has sufficient 10 worry
about In present conditions. Ii does not worry
about industrial conditions. but about the Tor.
eign exchange situation. which Is the most
important factor in the market at present. me
close OF the week. while showing an easier ex-
change market. did not indicate lower rates TOT
the near future, and, as long as uncertainty
over exchange exists. stocks VIII not respond 10
the improved conditions IN the affairs or INC
companies they represent Traffic returns tnis
week have been exceptionally good especially
In the Western and Northwestern roads. but inc
influence has been lost upon stock values ana
little notice has been taken OF the large gains
made by ST Paul, Northwestern and Northern
Pacific The position OF the Northern Pacino
as regards reorganization naturally prevents
any movement In Its securities but the increaso
in earnings Is a splendid argument against max
ing II branch road OF the Great Northern:
In fact little is now heard OF the Hin plan Tor
consolidating the properties ana depriVns .no
people OF the Northwest OF the benefits OF COM
petition The chances OF amicable settle
ment OF the receivership muddle are growing
brighter every day; The agreement rea .,ns,s
upon Mr. Galloway for OF the receivers
was a fortunate step In the movement towaro
an equitable adjustmen; OF the the remp"ny
handling the interests OF the owners OF INC
property with skill and sagacity. and his whoIe
has shown him the best guardian OF the come
pany's welfare. The plan for the reorganiSa-
tion Of tina property u something which tns