The sun., 1891-11-15
that Russia would issue an. edict prohibiting
the exportation OF whent.s

L
| the expectation OF wheats
The feature Of the speculation this week has
| been the persistence OF tho bears In asserting
! that the anthracite coal trade Is vergng upon
| period of unprofltable business. 1t seems
useless to combat this idea. though all Of the
| facts obtainnble arc at variance with the views
| entertained on the Stock Exchange. for 1t is
becoming moro apparent every day that for
some reason or other the capitalists interested
in tho anthracite industry acquiesce In the
| decline In the prices OF their securities.
In explanation OF this the belief IL gain
ing ground That the principal interests
referred to are cognizant Of an effort on the
part OF the New York Central or Vanderbilt in
forest to secure control Of the Delaware and
Hudson Canal Company. That corporation is.
owing TO the geographical location Of it's lines.
a natural ally OF the New York Central. and 1t
is perfectly we'll known that at least one effort
has been mado on the part Of that company. or
those representing It. to secure control OF the
Delaware and Hudson property.
To-day's market was strong under the lead
OF Chicago Burlington and Quincy. Atchison.
and Dlstilling and Cattle Feeding stock. the
last named scoring the most important net ad-
vance, not only for the day. but for the week.
Tho street is beginning to discover that
though the Distilling Company is earning more
more per annum. 1t is selling several points
below tho last named. This Is due to the fact
that no effort has ever been made to stimulate
speculation In Distilling stock. Those who hold
majority OF it have acquired II by disposing
Of their plants to the company. and appear to
be satisfied to awnit the results Of cooperation
on a large scale.
The bank statement reflected the heavy dis.
bursements by the Sub Treasury for pensions.
and also receipts Of specie from abroad. The
increase Of two and one.half millions in lawful
money was very nearly identical with the In.
croase in surplus reserve. for the deposits
were practically unchanged. The large I'M
crease in loans noted last week appears to
have been very nearly liquidated. There WAS
very little ncws outside OF the bank statement.
London did not cut much OF figure in the
limited speculation.
Thoughtful people are beginning to attach
q good deal OF attention to the manifest ten
dency OF monoy to accumulate at London and
at this centre. particularly tho latter. for they
bclieve 1t Is Only question Of time when the
amount OF unemployed pital will seek invest
ment In the better class Of securities. It may
be that transition will not occur until after
the first Of the year: still investors. like every
one else, are bent upon discountine the future.
As compared with the final prices OF last
Saturday stocks are higher. with the oxcep-
tion Of Delaware and Hudson. which Is 31i a
cent. lowcr. The more important net ad-
vances are in Distilling and Cattle Feeding.
~ y cent: American Sugar Refining Oompa.
ny and Rock Island. 2N each: American Cot
ton OIL and Chicago. Burlington and Quincy.
2H each: Chicago Gas, OK: Missouri Pacific.
2h: Atchlson. 2: New England and Reading.1 TX
eacn: Canada southern and Union Pacific, *
each: st. Paul. X: Cleveland. Cincinnati Chi
cago and St. LOUIS and Erie, * each: North
i each: Louisvllle and Nashville, Northern
Pacific preferred. and Western Union.
cent. each,