The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-27

Nrw YORK. Oct a6.-Cahn& Co.'s New York
stock letter reports that big crowd assembled
around st. Paul az tho opening and London had
big orders 10 buy the stock. It's estimated hat
about 5000 shares of TIN, stock we're bought Tor
that interest. aud II IS remarkable how easily
they got No. During the first hour lj,00O shares
Of 81. aul changed hands at lt@16ts. large
trader was giving the selling orders and no
doubt To bewIlder people and 10 make
other traders think he was shorung the
stock. but we believe say Calm Co,
that 30 was sold for the pools account. The
general market was not strong. and after the
first hour the traders. seeing That the
general list did not rally, attacked
prices and brought stout reaction Of about -
per cent. all around st. Paul vel as the
general list closes from J., 10 y per cont lower
than the opening. The only stock that attracted
any attention on the bull side WAS Chicago GHs
This advanced ] per cent N the very good re-
port OF the earnings since last week, and surely
per cent stock AZ resent prices l0oAs empt-
Ing. The only thing against this property Is
that there are so many different cliQues ia Il.
Business Is still very dull. and the Phrket -
very narrow. We think the short interest pretty
well elm mated and We don't see how the nAr-
ket can rise much with business IN this dormant
condition.
The following is the report Of the United
Money closed at per cent. the lowest high
est, 4. Exchange steady; posted rates 1870
1915: actual rAtos 4eO3t s4Sl for sixty days and
4s3l9aN3H for demand Government bonds
steady; currency 6s, III bid: As, coupon, llG94
bld; IS 100 bid.
~. Ihui, tHlcaBo thSs hithtUOnt a1O Oeht
Point Erie. Michigan Central and few others
absorbed most OF he little trading done on tho
Stock Exchange this morning. With the single
exception Of Richmond and Wost Point Iermi-
nal which was weak and declined ~ per cont,
the general market was firm on the early dea !
ings The majority recorded fractional adj
yances bv 10:30. whilo Michigan Central re-
corded an Improvement OF "a Toward Il
% clock there was some weakening, which IN
creased as the morning wore on. Prices stead
ily declined until midday, when tho early adj
vance had not only been wiped out but somo
decline as compared with Saturdays figures
recorded Tennessee Coal was the feature
OF the second hour. Il advanced from 39t4 10
40ls and then dropped suddenly TO 80.
Richmond and West Point WAS attributed
10 reports of financial com plication. between
both roads and other talk or disquieting ma
fure The market WAS extremely dull after
midday and there were frequent intervals OF
complete stngnatiOn. Dealings were absolutely
without feature aud there was nothing in the
situation that called for special mention The
10 liquidation by large holder. IL was also
stated TINT the dividend on the preferred stock
would be suspended. The president of the com
pSuv however said that the statement WAS I'M
tufhorized although he did not deny its truth
Chicago Gas was bought 10 consider
able extent to-day by room traders
and some houses prominently identified
COMPANY had reached an agreement with the
oDpoSition COMPANY. but this was absolutely de-
nied and the officers state that their policy will
he war 10 the knife The closing prices for tho
general list were ~ 70 iai per cent lower the lat
terin Illinois Central. MichIghnt entral lost most
Of IT'S advance closing only 10 per cent. higher
Chicago Gas closed rs per cent higher. Total