The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-13

10 an extent againet the entire list BY nrous-
ing fears as TO the outcoming OF the company 3
financing. The best Information obtainabis IL
that the Terminal Company itself 10 only q
moderate borrower OF money. but II has under.
taken q serious responsibility In financing GER
tain OF its auxiliary corpora ions, notably the
Georgia Central and the Richmond and Dan
vile. It lie not at all likely, however. that tho
Terminal system will be allowed to fall to
pieces because OF tho complications in which
certain OF it's controlled lines have become In
volved. Ascheme for nggregatine the floating
indebtedness OF those limos for short term OF
years Is talked OF. but 80 far rs can bs learned
hos not taken definite shape.
The mos: Intelligent view OF the market for
the last zen days or two weeks seems to DO
that tho advance previous to that time has
been solicited and rendered substantial by a
succession OF efforts 10 bring about a reaction
OF several points. An important result has
been that tho public has become familiar with
the present level OF prices. and will therefore
participate in a further advance with good
deal OF confidence. Within tho Same time tho
corn crop has made substantial progress
toward maturity until now many OF the best
informed judges are OF the opinion that at
least thtee- quarters OF that crop cannot DO
damaged by any fall in the temperature
that Is likely 10 occur at this sea.
son. In confederation OF that Wow
they point 10 the wide differences between
the price OF September corn and the
prices OF various options from Octotar to
May. And right here 1t Is worth noting that
the amount of old corn coming to market Is
exceeding the estimates upon which the bull
mo, ement In September corn was based. Dur
ing tho last two weeks tho probable condition
Of the money market this fall has also become
clearer, for the Treasury has begun to mako
heavy disbursements on account Of bond re-
demptions. and the return flow OF gold from
Europe has set in. Tho rates for sight OK.
change yesterday ami to-day indicate TINT
shipments OF gold from Europe to this coun-
try will assume fairly large proportions In the
near future. Tho first OF tho shipments an
nounced week or DO ago came to hand to-day
and the emainder will be received during tho
coming week. adding altogether about $780,
900 to tho bank reserves.
Purchases OF securities by foreign operators
have not been interfered With but rather la
that London IL taking a large amount OF Disc 20.
curities out OF this market. And ns the sprcn.
lative sentiment develops, over there It will
practically. cieane OF American securities Inst
i i!aII, and wiuter Many thousands e shares
Sers in 80 "ri,es in p'n n"si,on n' to meet a
me a.n.s Of espSs nssr
recently said, speaking fguratively OF
are are ' n"w at our A end Of the e. .a I,
ut that centre To.day's shipments Of secaIi:
sae eH Was
Louisville and Nashville: Imporiant isa;ures
OF the London market are the recovery 10 the
~ q Ina n .i...ht, ri mi fIn
appea, ance OF a very y, ononncsd demand from
arts for our railway shsrss tn. capacity Of
so e has never b.en ia,s
liGsntly cnisiiya'eh American bankers and
1t appears n,w that French in.
vestors and srecm iator- have o, their own a.
cord begun to take IN interest in American
learned from "bspr, alton that they otler better
re- urns 10 both classes Of dealers than those
on Ts Of Es IN
our security market is an event OF NO slight
opened erong under tho lead "f London. but
soon Yielded owing to ~ raid O., Richmond
mos noted shove. Toward the close prices
impro we'd again; owing par ~ e a better un-
nn:. s h aso b. tSs t I:
W 70 in Richmond Terminai common ami
and 6stna o aa ssaaE
Regarding tho last. It Is learnsi that
the company has concluded most
il nor.a't arfansem.nt with, all Of the
pany has been formed / to which all OF those
d distributors have merged their business yet
S;isti', .,s; %Smpsay; Fni: psr"si:siis msks:
Owl good IT, AMI is thus 4 long step toward
arrRnR ment will. il s believed. be effected
between the company and tho Western dis
trlbutrr-. The clio ing was firm.
As compared with the final prices OF last
Snturdav the mRlo ity of sto ks are lower.
The moro imno taut net declines are in
Richmond and Terminal. 2a y cent; Ma
Pacific, IL: Buffalo. Rochester and Pittsburgh
ani Lhicng'. Burlington and Quincy. !. each
!, S.m1 fnSit; AMERICAN Sugar lSenniae
Wheeling and Lake Erie preferred. X snch:
Chicago Gas and RsatinG. =. each; Colorado
Goal and Wheeling and Lake Erie. }. r cent.
zach. The noteworthy advances were. in Cana.
Ia Southern. cont Erie. 81: Lake Shore.
=: Cleveland: Cincinnati, Chicago and st.
,an. =: Northern Pacific preferred and Ton
nessee Coal aud Iron. a = cent. each.
FINAL sales compare with those OF yesterday
as follows