New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-28
WALL STREET AND EXCHANGES.

There was something OF a construction In money
yesterday as result OF the large needs for making
interest payments on January and the payment
OF another instamcnt OF the debt OF the Union
Pacific Railway to the Government. on the STOCK
Exchange call loans advanced from 3l2 TO AZ per
cent. Considerable amounts were loaned at the
higher figure At the close the rate dropped pach
TO 81, per cent Interest and dividend payments
on January are estimated at S90.co,0co at New
York SIS 0C0c 900 Boston and Sl0,oo0"D at Phiia-
delphia The instalment OF the Union Pacific debt
which was paid yesterday was SJoO.Go or this
sum s. 800 100 went TO the Sub-Treasury and ATn.~"
TO the National city Bank. which Is special
Government depository FOR Union Pacific money. Al
the same time the Government was paying OF inc
bonds known currency Ga (bonds issued in ala
OF the Pacific railroads.. an operation entailhg
the distribution OF about 100000 through the
New-York Sub-rreasury At the Clearing House
yesterday the Sub-Trcasury was debtor in nc sum
o. 81 $1,000 which Il paid over 10 the associated
banks In greenbacks OF large denominations. These
among the creditor banks at the Clearing
House: National city. 81. $50 eoO Hanover N2ij.oN;
American Exchange sl.Z70Cc0: Corn Exchange,
s. cr.rD The Fourth National Bank was debtor
In the sum OF N,37S'o. Foreign exchange was
heavy as n result Of the advance In money rates.
All the Indications In the domestic money market
point 10 lower rates IN IA" near future. and II 10
supposed that # viii be more prohtaol 70 .nFert
money In sterling than send the eXchang" forward
and bring gold this country. Many o. the large
declared
imports Of gold. The god is not needed mere. ana
tho effect The London market OF its importation
obtainablo here The supply OF exchange here.
while large IS said TO M not - great quotations
ne bulk o. tho supply consists o. bills drawn
against grain and provisions Tho enormous i'm
law have been paid Tor lonS since and the buyers
,acre,es Icr c,dI, halamcos nSrosd unt the
January interest payments are much more than
Of long sterling ,or hypothccation but there hale
been few sales rom the accumulated stores.
Deacon" 6 V White yesterday mad" applica-
ton for reinstatement to membership n the New
York Stock Exchange. Tho application was read
from tho rcstrum and viii lie acted upon hy the
Committee ou Admissions a. a meeting on Thur
day. Mr. white failed on May T. 1888 He has set
.'ed with md obtained releases from creditors.
I'D that he 3. ONO moro free from Obligation as
was Necessary he should be before he could be
restored 10 tho privileges 81 tho Exchange. Mr.
Whit. became a member Of tho Exchange as FAR
back May s. ls9 Hc failed on September D.
1891 - result u trying to "cornee' corn. iIe
soon ftr1ghicued oGt hs Affairs, and was rein
stated 20 mcmber nip February g. so Then he
wen. into ne deal In cordage Trust stock. and
,t'uli"I WIN "t'tIit H.' u. n",i n :, '''vy
nonilmnrg to 9p"raie In Cordase stock ~ los,
Sugar SUGAR soef resacd n IA, Suspension 81 May T.
lsf Win liabilities S00 90 IN excess Of nsscts Mr.
W., IT, @oi 1aRoS' in Ma' w STe the was sro ,
was run 49, thirty points This VS. called the
other merchants were mombers OF It.
The hlg bucket shop Of 7. l. Ward & Co. n, Nos
81 and % Broadway dId reopen ia doors yes
terday The Sheriff who took possession on Fri
day Inst VIVA still I'm charge on m attachment for
s. $40 ~ IN favor OF r. Seymour Squyer OF Auburn
y. I. In addition. tho sheriff received another Mt
tachincnt FOR 8 20 in favor OF Bra.narA W. Bar
r,wR There "A crowd OF thirty customers and
former employees ~ the concern In the hall all day
Among tho crowd tho story circulated that two
women customers had in,rusicd 8 100 each 20 Ward
& Co. and had no hope Of getting It back Ward
o!d not appear on the scene. Ills hacker. Alfred
carr. nl4o kept away Tn. conclusion that
Ward a 60 = bucket shop was closed FOR good. IL
was said That - business had dwlndled TO nothing
since u. troubles ia September when Il asked its
creditors to take stock I'm tho corporal lon Of T. f.
Ward & CO. Tor the amounts due them.
Ex-Governor L"vi T. Morton has accepted the
Trust Company. II new concern. for which quarters
now being nucd up at Fifth-avc and Forty
third-st vicc-prcsldcnt Will have the active
Committee. The stockholders Of the conn any are
men largely Identified with tho Mutual Lifo lnsur-
g Company and - allied companies
The Chesa peake and OHIO Railroad Company has
sold 20 Redmond. Kerr & Co moro than s. 900 90
OF rs general mortgage 4ls per cent bonds Tho
cent purchase money funding bonds. which mature
july !. 1893 This sale completes tho issue Of pcn-
eral mortgage bonds.