New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-02
WALL STREET AND EXCHANGES.

In consequence Of the scarcity Of currency caused
| by the large transfers TO the South and West 70
move the crops. the banks are experiencing some
uiu.cuity In making their payments at the Clear
ing House in bills There Is n prospect that they
may return In a large degree. their practice in
former years 81 setting debit balances IN gold.
There Is an abundance OF gold. that there Will
be no Interference with settlements. The frs; Use
OF gold in paying balances was on Thursday. On
That day the National Park Bank. which holds
mere than Sl10co.OOo IN gold paid its entire debit
balance of $3.50 in gold Yesterday two other
banks paid part OF their balances in gold The
Fourth National Bank paid in $4,000 and the Ger
naan-Anerican Bank paid in $1,000 The gold thus
( paid into the Clearing House distributed pro
rata by the manager. William Shcrer. among tho
banks having credit balances The banks prefer -
receive bills rather than gold. The actual gold Is
not paid but instead certificates representing gold
on deposit in the vaults Of the Clearing House
The amour. OF the deposits t. nearly SeO~GWp
| The gold will not be disturbed any tine. The
certificates WIFI simply pass from bank 20 hank
There some expectation thai tho United States
Sub-Treasury might have pay It's debi; balances
a; the Clearing House in gold very soon. bot At the
sub-Treasury 1t was said TIE institution hsd sup
or Two months for Clearing House purposes avg
tina: by the end ~ thar time creennacks woud
probably b flowing back from the INTERIOR Snoud
the supply OF sreenbacks become exhausted Il was
SAID tnat an arrangeEen; might he mad MAD, WIZ me
a. tie Clearing House would he Onset ny deposits
% god a, the SnbTeasury to IN eqSa crrencr
through the sub-Treasurv yesterday by banks werr
Northwest cold was turied in in payment for the
currency. Tire Uni'ed states Treasury now, nolds
g 10000 in gold. and the assocsa ed banks ~ New
York hold 100000
Vale the stock market in the early trading yes
terday was weak and prices declined rapidly. there
vas general recovery later The closing prices
were generally better than those o. Thursday Some
OF the gains for the day wA-e. American sugar
rs. Brooklyn Rapid Transit. ia: BROOKLYN Union
Gas 81, Big Four II; Consolidated Gas. 3; Metro
pol,sn Trscon i NewYork crntra i S sseo roa
and Iron IA Union Paciic. Ia; Leather preie'eu'
!; Western Union !.
Dow Jones & Co had the following comments
cn the speculative situation b. James r. k"ene
II never Il more sAnseless sacrifice O, sect'-
ties by commission house1 than that which nas beer
going in the last few DAYS. when the favorable
condition OF railroad earnings ia taken into &C
count business IN every lire is improving all over
the country We have never had. IN my OF non.
combination Of crcur1stenr"- more tavoranie 20
improving value FOR securities tran that fNlNtlHs
to-day"
There was another advance in silver YESTERDAY
Commercial bars were quoted NJ ass cents. against
ra. Thursday.
wh.a, continued 90 - downward course ysser-
day On the New-Yo-k Produce Excaang" De-
cernher wheat fell to % cents and closed al rs
cents which was - cent below Thursday CLOS
ing Decent Der corn declined :. cent 10 Ns cents
DUTY pavrnent. ~ the Nsw-Tork Custom Hois"
IN September were g. s7l.5a7 81 or SSo2io % less
than in september 1896 when they were S.'>isN il.
The duties collected on passengers baggage on piers
IN September (omittirg September sH were S'n ~
against $1,000 * IN september. iH@ The coi!ccii9n-
IN Angus were SO sa5 - and IN July ~ - . FOR
,h-ec months the collections were Nisl@S
Ninety p.r cent Of the stocks Of the N"w-forS
and East River and the Equitable Gas companies
has heer deposiied with tho Central Trust Co11-
n,r, ,,,d.r ne plan - consolidation and the plan
has been declared operative.
siias 9 Croft will to-day take ONCE as surveyor
~ tho Por, succeeding John =. Mcclure