Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-24
Prospect Of q Vote in the Senate
Advances Prices.
WALL STREET AWAITS CAPITAL NEWS.
The Effect Of a Vote on Repeal Not
Entirely Discounted.
GENERAL MARKET REPORTS,

NEW YORK, Oct. A.-Opening prices in
today's stock market reflected a diversity
OF opinion among traders and were Irregular
within narrow limits. Yesterdays uninter-
rupted rise was held by some to have sur
hciently discounted the probable results of
senatorial legislation and the good effects
of the contamination of the coal deal be-
tween Lackawanna and Jersey Central
This theory led to a reaction in the early
dealings, but was checked later In the day
by the appearance Of some good buying
orders.
Advantage was taken Of prevailing high
prices to increase the short interest, but
the market responds more promptly to ope-
rations on the other side. Opinion is d.
vided as to the probable effect of any sort
of a compromise. but is now almost unani.
nous in predicting unconditional repeal as
the only way out Of the present chaos.
There was no news other than that re-
ceiyed from Washington, and that was
both fragmentary and mysterious
The early setback had q beneficial effect
and resulted in a very strong market after
the noon hour. which advanced steadily for
substantial gains to stocks most prominent
ly participating.
Sugar fulfilled expectations ana sold up TO
l0l Is an advance of "a per cent. and
General Electric advanced for a similar gain
to 46 5-S
The remainder of the Industrial Rroup was
strong. but no important gains were
recorded.
In the regular list Northwest gained 3.
much more to ls2. Western Union gained
IA to u Ia, and Reading was.strong at an
| advance OF per cent to q.
Money rates were unchanged at ILL., ana
and and for call and time loans re-
spectively.
The clearing house statement reports
exchanges. So. a4,S6l: balances. q. z17,7 and
the subtreasurys debit balance. s66s, "a
49,
loan committee reported the cancellation
Of $2750O additional certificates and q re-
duction Of the outstanding issue to 8, y75, :.
700.
About delivery hour teleeraphic adyices
from Washington announcing that a vote
on repeal would be had either tonight or
tomorrow were received and led to q smart
advance all along the line. This amounts
to a practical surrender Of the silver ele-
ment and triumph for the advocates OF
sound money. Judged by the temporary
effect produced by this announcement the
predictions Of the most sanguine will be
realised the moment the presidential auto
graph Is affixed to the measure.
The market continued strong throughout
the closing hour. and in many instances
the best prices Of the day were recorded
uance Of the rise should present expecta.
tons be fulfilled.
The London Market.
Special Cable Dispatch to The Evening Star.
LONDON, Oct. 2@-One hundred and
eighteen thousand sovereigns were sent &c
Holland and elsewhere today. Silver has
risen to SO 15-16 but il weak on American
sales for delivery two weeks ahead. Bal
gold Is wanted for the continent There
was inquiry also for America Rupee paper
was IS rs, Stocks were dull, except Amert.
can. which have risen on the acquisition OF
Lackawanna by the Vanderbilt, tndica tins
spread OF conservative management. Ths
grand trunk lines were depressed by fear
Of the loss OF the interchange of trafiic
The repeal Of the Sherman act Is now re.
garded as imminent