New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-06
ANIMATION IN THE STREET.
FINANCIAL INTERESTS FEELING GREAT
RELIEF.
RUSH OF GOLD INTO THE BANKs-AcTIvrTY AT
THE sI'R-TREASURY

RUSH OF GOLD INTO THE BANKs-AcTIvrTY AT
THE sUB-rREAsURY.
Financial interests settled down to supstan-
t,al basis Yesterday. The uncertain. semi
nanickv condition which prevailed before cleo
ton had given place to a feeling OF entire con-
Adence and hope No other sentiment was ex-
pressed than that "the corner had been turned,
and that the way was now clear for COM
pete return to prosperity Republicans and
Democrats we're agreed that the overwhelming
victory for Mckinley and sound money had re-
stored American credit both at home ana
abroad
The scenes In Wall Street. while not as excit-
Ing as those Of Wednesday. were still unusu-
ally animated. The galleries OF the STOCK E~-
change were crowded with spectators, ana 'he
brokers' offices were thronged with investors
and speculators The most interesting develop
ment OF the day was rush Of gold into the
banks. The premium on gold having disap-
peared the hoarders Of II were as anxious 10
get rid Of It as they were before electioh 70
accumulate 1t. The bullion dealers wouio not
give greenbacks for gold and the Suo-Ireas-
ury would not accept gold on deposit owing "
the great accumulation OF work In the lnsti'u-
ton. 1t was said that the Sub-Treasury wouio
not be ready to receive gold for a week OF
more The big downtown National ana state
banks were not especially DESTROYS OF soio
They advised, In many cases. its deposit IN saw
ings banks and this advice was followed 10
considerable extent Some 100000 In gold coin
WAS used in the settlement Of balances at the
Clearing House.
The National Park Bank received WEDNESDAY
on deposit from different depositors over %oooo"
In gold coin. Yesterday 1t received from the
New-York Clearing House. in its credit OF
SCS2. 900. $4,000 in gold certificates
Money on call was extremely easy. The high
est rate was per cent and the closing rate
was per cent against maximum rate OF %
nor cent on Wednesday. 1t looked as II u per
cent would be the high rate hereafter. Tnere
was no special difficulty In obtaining time
money at g per cent, and there was compafa-
lively good sale for commercial paper AT anu
! per cent The commercial price OF par silver
remained at 64is cents an ounce Steriihs e~-
change was unchanged The high rate TOT
money In London was considered as likely 10
check shipments Of gold to New-forx. Inc Ma
tional City Bank received $25O.OOO In goid oy
the Trave Telegraphic transfers OF GurIems .,.
to the interior through the
amounted to $2JOU00. , .s
a depreciation In stocks and pond values ~as
regarded as natural after the heavy upmanu =
movement Of Wednesday and the week preceains
,,,nr There were large accumulated pronts'
and operators generally sold in order to bag 'he'r
gains. - am. ond an extra
,,dsnS NJ . per cent were declared YESTERDAY
on the certificates of the Standard Oh ir and
| These dividends are payable Decehue[ -, Tbs
make the dividends for the year 81 per cen.
original amount of the Standard on cert'hca ,hs
was ST go 900 The amount remaining ~ ' at
hands Of the liquidating trustees Is a',derds
cox ono 600 but there IL a payment IL CIV ,u,,,.
50 ,h stocks of the various companies distriou.,
ed in Of the certificates ,nS ~pSn on the
ie. ..,ons,os stiu outstanding. The distripution
e. Standard oil earnings for the year VIII aesre,
gate in cash 800 T [nr tSe vear will be
80 noa 900 hut II IS said have surplus III ILL.,
Sussr hills receivable and cash Of 81" 0WW No.
There reaction in the e w n CENTS s, bush
{, LA Nav wheat on cents. December cor" 'o''
- a, ma December oats ~ Of a cent bushei'