New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-25
WALL STREET AND EXCHANGES.

40 new shipments Of gold from Europe 10 Amer
Tea were announced yesterday. The exchange
market. however, is on the basis OF about iH& for
demand sterling. and there re no doubt tina;
exchange rates are the way down. and that a
gold import movement OF considerable dimensions
Is not far OF. The cable reports are that In Lon
don the expectation is now that the United States
VIII soon draw gold freely. 1t Is improbable that
call money will be permanently higher than per
cent for some time, although aurr!es may be ex-
pected from time to time. Bankers say they do no;
think money will rule high this fall. because gold
.mportatons will offset the transfers OF currency
10 the interior. Business In time loans has been
brisk. Many wero induced to borrow money on
time by the sudden advance In call money at the
beginning of this week. There is great deal
OF commercial paper Offering. The rate is about
on the basis Of per cent for the average run OF
paper There was advance Of u cent silver
yesterday making the price Of commercial bars .,
cents an ounce. The London price was unchanged
at 2elsd There was a moderate reaction in stocks
YESTERDAY; Some OF the declines comparing the
closing prices with those OF Thursday. were Amer
i A,chison preferred !: Bay State Gas. IL: Brook-
lyn Rapid Transit. !; burlington and Quincy. ~;
Chicago Gas. IL; Chicago Great Western IA;
S %onsoHdated Gas. :: DelaTare and huds son.
Shore Ere 1pasv Gsnf and a N:fiTS & Na h
hattan ~; Missouri Pacific ls; National Lead
Western preferred, y; Northern Paciac common
i Northern Psciac preferred AZ Nor'hwsst ~
OHidNd, 80 1uCl!lc Mall, 1, fuHii1H INVdui"S
second preferred: Ts; Rock Island II: St. Paul
ard s lToR N%%5s R'ei prefs1red
Lnon; ~. Wheat had a rally ON the New W.
cent above Thursdays closing. September wheat
advanced 10 9s and closed at s9's. which made 'ne
gain for the day 3. cent December corn declined
Is and September corn u cent.
Some surprise was created yesterday IN Wall
Street by the information that Charles NJ. DEL
richs. brother OF Hermann Oelrichs, had with
drawn from the firm Of E. c. Potter Co.. stock
brokers. at No. 80 Wall-st. lie was the member
Of the firm who belonged to and represented the
firm on the New-York Stock Exchange. II was
stated that Mr. Oelrichs had formed a copartner-
ship with Francis Beverly Eyre, under the frm
name OF Charles ". Oelrichs Co. and that the
IN Lords Court BUILDING at Exchange Pace s ana
Isl; g on oG po5sG co Mr wSout Board
member" or, IN other words. without member
s er an t tad IN as his brotse
ter and they will continue under the old nrm
EXcsanea ahfy C p SG9Hf Is 'sS Of the
late Theodore A. Haveineyer. Vce-presldent OF ne
S hlrteiiu i5oo'S5o from ' Mr. Havemeyer.
Confirmation was obtained yesterday OF tho sale
10 a New-Yori, syndicate OF the Buffalo gas COM
panes The syndicate is composed OF Emerson
Mcmillan G. Co.. HOLSTER & BabcoGS j. d W,
Sengman & Co. and Lehman 20: me purchase mass
price is S5.000.010. The companies VIII De conn
bined into corporation
slas c. Croft former Charities Commissioner. was
Yesterday afternoon sworn in as surveyor OF the
Port by United States Commissioner Shields IN the
Eodaral puldne He gave a bond OF 5000 the
security being the American surety company;
Mr. Croft who succeeds John {. McGuiTe' VIII
take office October l.
The report that ]. p. Morgan & Co. had been
asked TO take control OF tho refundiDg operations
81 liz Innisvilla and Nashville Railroad Company