The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-29

Nrw YORK. oct. o. SpeciaLl-Cahn 4 Co.'S
stock letter says London did nothing IN TO-
day'smarkot. As we stated yesterday IN orr mar
ket letter long stocks came on the market Tor
the first time ~ couple of weeks. At the open
ng to-day an attempt was made 10 Tally Inc
market. but tins failed completely, a. on every
advance long stocks were met. Liquidation con
tinued 10 day on n very moderate scale hnd me
bears lid nothing TO put down prices heY lott
the market entirely 10 itself The only people
that did any manipulation we're the hulls. VINO
tried 20 put up prices whenever they posi- "
could There was practically no news 10 Affect
prices further than that IL is the general eSpec-
tatiOn that the Bank OF England rate Will DO
raised. rs money rates have become stln on the
other side. The trouble IN Chicago as regards
the Grand Trunk doing away with the switcn-
ing charges IS stu unsettled ana a me ing
was TO he held to-day 70 try and patch NJ the
matter The news since the last two weeks has
been favorable and still with al this good news
the market has not responded. New buyers do
not come in aud holders OF stock are beginning
20 get little restless We therefore look for
lower prices unless London should come IN as 3
big buyer which IL not 20 be expected.
Following is the report ~ the United Press
Money closed at qer cent, the highest Of
the day; the lowest was per cent. Exchange
closed quiet. posted rates, 4slGiSf13: actual
rates 4s0' a3S0}a for sixty day bills and 1890
asa for demand Government Londs closed
steady: currency 6's, III bid: IS, coupon. l6}4
bid; extended 2s, registered 100 bid
During the morning hours today SbNO shares
WIS the total of the transactions IN stocks. or
this nearly seyCnty~nYe per cent. was made NJ
OF TRANSACTIONS IN the Ol0nHplS, coal Bt0cAS
Union Pacific AtchlsOn. Chicago Gas and Sugar
Trust The feeling WAS bearlsb, and although
dealings were on a limited scale prices declined
with little interruption till noon. The room
traders for the most part were operating on the
bear side and the little stock offerings by this
class OF operators added TO the weakness. At
noon values we're p to per cent. below last
nights closing Practically the only exception
10 the general downward movement was Chicago
Gas which continued 20 improve on reported
financial difficulties IN connection with the
rival gas companies Tho Sugar Trust
Was weak on reports that refneries were
sbout 10 he started here in opposition to
the trust The stock market was little moro
active after Il o'clock but the increase IN trad
ing over that OF tho morning hours was very
small. Prices confined weak throughout the
afternoon and values further declined. The
market closed at about tho bottom figures.
Snrar Trust common, the coal shares Omaha
preferrcd. Chicago and Alton. ennessee Coal
and iron and few others were the weak spots
and recorded the greatest declines. Even Chi
capo GINS gave way fractlonaly IN the late deal
ings The decline in Tennessee Coal and Iron
Was due 10 q slight pressure 10 sell No meet
ing of the sales agents OF the coal companies
will be held tomorrow, IS had been expected.
The statement is made that the companies do
not think meeting is necessary. The broak in
Taokawanna was caused by the sale OF 1000
shares by one broker, and the same amount for
small orders The decline for the day Was from
iSa2Iz Der cent. Sales 10. day. 220.2sl shares.