New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-22
INVESTORS ARE CONFIDENT.
HENCE YESTERDAYS SALES AT THE STOCK
EXCHANGE WERE PHENOMENAL:
ACTIVITY ALL ALONG THE LINE-THE BIG CROPS
AND THE GOLD MOVEMENT THE
IEAndNC EArT0Rs

The Stock Exchange was a scene OF remarkable
activity yesterday. There buoyancy in the
market especially during the morning such as has not
characterized the market In years. The total sales
for the day did not reach the figures OF last Friday,
which exceeded by far the dealings for any day since
1884. The dealings, however yesterday morning were
enormous, the sales by moor being over 100000
shares Orders poured in faster almost than brokers
were able to execute them and under this pressure
there was general rapid rise of quotations. The
street was deirous with its speculative fervor, the
more so In that the Of the activity were known
to he natural and In large degree lasting
The total sales for the day. including the unlisted
stocks, were 653,O9s shares. Last Fridays record
was 723GOG II the activity of the market Yesterday
had maintained throughout the day at tho height
reached In tho first two hours, tho sales would have
amounted to 100000 shares. The Willard properties
prominent in the rise especially the North Amer
lean Company, though Northern Pacific was also ex-
tremely active The New York Central the Lake
Shore the New York, Chicago and st. Louis and other
represented the Vanderbilt interests conspcuously
in the upwar dtrend, Lake hOre for instance, show
ing a gain Of per cent Union Pacific and Missouri
Pacific moved up 1 IA to 12 per cent. Chicago and
Eastern Illinois and Wheeling and Lake Erie showed
substantial gains the latter being freely taken up on
early advance Of 1-R per cent. Atchison Topeka
and Santa Fe Delaware and Lsckawsnna and Phila-
delphs and Reading among the noticeable stocks
though indeed, the activity affected the entire list TO
greater or less degree.
The largest element in the advance was, of course,
the conviction that the crops of this country
would furnish immense business for the railroads
and cause continued boom in stocks, while the de-
nct in the worlds food supply would tend to bring
about possibly incredible prices for wheat and other
grain.
The gold movement attrpcted renewed attention
from the announcement Of further shipments this week
this country has received from Europe S175Ooo0,
and it is estimated that S1,745,00 is on the way
here. AS this influx OF gold replaces to large extent
the movement Of currency 10 the interior for the
handling of the crops it has reassurng effect the
market.
The largest deposits ever made at the Sub-Treasury
of currency for shipment West and South were made
yesterday the total reaching 81 1872 900. OF this
amount 1925 900 will be delivered from New orleans.
and the rest will be shipped directly from here TO-
day. The largest deposits made previously were
81, 543,o 900 on September A. and 81 .572,O00 Sep
TEMPER &. Hereafter shipments will be made to
New Orleans from Washington except on telegraphie
order, and even then the amount Will be limited TO
$500 600 daily Houston, Tex, will be the only point
in the Southwest TO which shipments viii be made
from Washington, and they Will De limited 70 amounts
ranging from $25 600 to 10000. All other ship
ments will be made from New-YOrk.
In addition to the heavy currency deposits, $780,.
300 I'm gold deposited at the Sub-Treasury for
trans OrtatOn to Philadelphia
300 bushels were bought for export at 6lse1 -.
Tla exports Of corn are generally light, and dealers
are hopeful that the present demand may be the fore
runner Of an active foreign market