New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-07
p1 ESSINGS OF CONFIDENCE.
BUSINESS GETTING BETTER.
,,,n,,srRIEs REvivING ALL OVER THE
LAND.
any IMPROVEMENT IN TUE FINANCIAL sITUA-
rrox-MoNEY FLOWING INTO THE BANKS
YATES LOWER AND FIRMEH-.ACTIvITY
IN STOCKS AND AN AD-
VANCE IN WHEAT.


IN STOCKS AND AN AD
VANCE IN WHEAT.
Magical is the word to describe the effect OF the
,.on on the general business interests Of the
..,rv Industries all over the country that
w. w. hoon idle for months, and In some cases for
&c have started UP are preparing to start
ond industries that have been running with
VIE torces or on half time have. or soon will en-
',ov their full complement Of hands. and will
work on full time
ctorekeepers whose shelves became empty
..-oueh an unwillingness to purchase goods until
..nudation and anarchy received their death
.,.u will now stock up in order to reap the bene-
=. ., the active trade that they know will surely
be experienced.
complete change has come over the nhahcia''
,..,r,o, and commercial situation. An era OF
cood times has dawned. The people feel that
o. administration Of the Government after
W.rch next will be ir safe hands. and that bus'-
"a.. nans can be laid out without fear of their
...rraneenent by a destructive financial policy
urAvy DEPOSITS AT THE BANKS
The effect of the sweeping victory OF Mchin-
law and sound money was perhaps more thor
oughv reflected in the financial situation yes
.sss.,, than at any time since the election.
Thoro
~. hanks perfect ease in the money market
hoom in the market for stocks and bonds.
r,sre was a feeling Of security and OF coni-
- IN tho future which had not existed in
,one time. The conviction was general that the
49,. ,our wears of distrust and disturbance would
row be succeeded by at least four years OF pros
nerity and abundance
The striking feature Of the situation was 'he
.gerness Of hoarders of gold 10 deposit 1t In the
banks 1t is not too much TO say 'ha' the ue-
nosts IN the National and State banks OF New
york FOR the dav were $50O000O Very likely
tho total was greater The record in the Ma
,,ona, Park Bank was int eresting, as showing
tho way in which gold poured in. III detail ana
in the order in which they were received the
gold denosjts in this bank were S13S'+ Sl4'.
500 $4,000. $4,000 $1,000. S3o,Ooo. SIoW''
$3.50. sG6. 900. $1,000. $4,000, S103 $4,000 Sioo;
total. $227.4
The Fourth National Bank, which has extern
.,ve dealings with foreign houses. took In over
100000 Its average since Tuesday had been
100000 day. Many Of the balances AT the
Clearing House wee settled in gold Al the
close of the day the stock Of gold in the vaults
Of the Clearing House stood at S36oooWo'
against s31 100000 on Monday. There Is room
IN the Clearing House vaults for SlooOoooVo
IN gold. Not only was boarded gold poured into
the banks. but also boarded greenbacks ana
othe- kinds of paper money. The banks. IN
short were almost overwhelmed with offerings
of gold and bills. There was no longer any
reason for boarding because the stability OF the
country's currency had been established beyond
question by the vote Of the people. Pending the
result of the election. the money had been kept
tor the most part in safe deposit vaults and in