The sun., 1891-11-01
nrst-class issues. Asi.is a foresone conclusion

first-clnss issues. Asitis foregone conclusion
that tho money market will continue easy the
balance OF tho year. II Is reasonable to assume
TINT tho absorption OF good investment secur-
| tiles will be greater rather than less for some
time to come Besides railway traffic returns
| are extraordinarily good. although the crop
movement has not yot fairly begun.
Tho Issues most sought for by investors are
those which yield five per cent or little
more. Among those that have been in request.
partly on this account and also because OF the
character OF the security. are Missouri Kansas
and Texas Is. Reading generals. the new
Atchtson "a. the more recent issues OF tho
Northern Pacific company. Chicago and East
ern Illinois consols. which have enjoyed q
sharp advance the last few days. Laclede Gas
5s. and recent issues OF the Evansville and
Torre Haute system.
The so-callcd industrial stocks have been
prominent again this week. and are the only
ones that arc higher as compared with last
Saturdays prices. Tho friends Of Chicago Gas
have been active in bulling that stock. They
assert that tho companies, the control Of which
Is represented by tho Trust Receipts dealt In
on the Stock Exchange are earning at the rate
OF = cent per annum upon those certin-
catos. while the consumption OF gas Is
constantly increasing. They attach very
little importance to the incipient COM
petition Of tho Economic Company. apparently
for good reasons. Any ono familiar with the
history Of the gas manufacturing business in
this city knows how futile efforts to compete
with original companies have been. The same
result will doubtless attend the new enterprise
1t Chicago especially as those who are re-
sponsible for It do not command the conf.
denco O! the financial and investment com.
munity.
Tho securities Of tho National Cordage and
American Cotton Oil companies. particularly
OF tho last named. have been more extensively
dealt In this week than for long time. Tho
status Of tho Cotton Oil securities has boon i'm
proved By tho surrender OF the trust certin-
Gates that did not ac1uicsce In the 1nal re-
organization. Tho holders Of those certificates
were shown the present financial condition Of
the company with the result Of winning their
support to such an extent that they
have increased their interest in the property.
Tho report Of the company for the year ending
Aug. last, which will be presented to the
stockholders ut their annual meeting on
Thursday. will. it Is understood. DO the most
lucid and exhaustive ever made by manufac-
turing company. 1t will also mako better
showing Of results for the year than the pub
lie has been led to expect.
To-day's market was dull and irregular. with
the heaviest trading in Chicago Gas. Lacka-
wanna, and Reading. The first named scored
q net advance OF . y cent The coal stocks
were frmer than yesterday and Lackawanna
closed fractionally higher. The banks made q
bctter showing for the week than was general
ly expected. They gained about 100000 law
full money. The loans are materially larger. a
change which Is reflected in the deposits. The
net result Is very slight loss In the surplus
reserve. The outlook is for very light busi-
ness on Monday. as the London Stock Ex-
change will be closed. and on Tuesday busi-
ness will be suspended here. Aftcrthe election
it Is believed the market will reflect moro
general interest in securities.
As compared with tho final prices Of last
Saturday tho list is lower. with the exception
Of Chicago Gas. which is 3H = cent. higher.
and National Cordage 1k p cent The noto-
worthy declines were in Lackawana. 3k q
cent: Tennessee Coal and Iron. 3: Reading.
2x: American Sugar Refining Company. Cleve-
land. Cincinnati. Chicago and st. Louis. and
Rock Island. IL each: Atchison. TX: New York
Central. 1A: Buffalo, Rochester and Pitts
burgh and Northern Pacific preferred. Il:
each: Canada Southern. Erie. New England
and Union Pacific, each: Northwest. Mis-
souri Pacific. Richmond and Terminal. and
Wheeling and Lake Erie. z each: Chicago.
Burlington and Quincy. Lake Shore and Wheel
ing and Lake Erie preferred. y p cent each.
Final sales compare with those OF yesterday
as follows: