The evening world., 1893-10-12
THE WORLD. THURSDAY EVENING, OCTOBER la, 1898.
BULL POOL IN |MOUSTR|ALS.
1t Forces q Rise in Other Stocks
All Along the Line
Repeal Rumors Add to tho Strength
In The Market.

There IL but one active force In the
stock market at the present time, and
that is a pool formed to bull the In
dustrials. Considering the way these
stocks have been discredited in the past
the spectacle of the industrials advan-
cling on fairly large transactions while
the dividend-paying railway shares are
neglected. is a curious one TO say the
least.
Whether those who are now putting up
Whiskey, Sugar, Cordage and others will
be able to arouse sufficient enthusiasm
to enable them to unloa is something
that time alone can determine.
Certain II Is that the outside public is
doing nothing and will probably not en-
gage In speculation until the silver guess
tiOns is decided. OF this every one must
judge for himself.
One reason for the improvement In the
industrials Is the easier condition OF
money and the fact that holders of these
stocks are once more able to secure ac-
National Cordase rose 2 to 27l-2;
/ S-s. to 81 SIS: Sugar 7-s, to 90 So; Ameri-
man IS. to is9. and Union Pacific IS. to
Russell Sage makes the following
statement regarding Union Pacific
THE Union Pacihet Company 1. no
exception at this time to the great
run Of corporations, finacially speak
,tnidE III. tut # or 1,s eE TSe Il Ma ffi00a a.re s9uf Ssa tS
have in the past appointed receivers
for the Union Pacific three times. and
each line he Company has escaped
There is no probability whatever at
this time OF a receiver. There is no
truth In the rumors to the effect that
the the r msnafsmen nt t Wio, or moM more eoupens
on Union Pacific bonds. AS to the in
terest obligations of the Union Pacific
maturing Nov /, there will always he
time for payment until the last day o.
this month"
The Bank Of England rate Of discoun,
Is unclaimed at 3 per cent. Bullion in
saG rs during d the Sesf f ass ,ccc' '''s'o0e
The proportion Of the reserve to lila
bility is 1888 per cent. against 1852 per
cent. last week and l.7s per Get. same
The temper OF speculation became still,
more bulllsh after midday on rumors
that the outlook for unconditional re.
made an attempt to cover in the rail;
ways as well as the !ndustrials, and
prices made a further advance all along
the line.
The offerings on the way up were light
Louisville & Nashville and Union Pa.
cifc commando LIS premium. Genera
Electric and N. Y. G. lent nat. and Su,
gar. st. Paul and Western Union at
per cent. for carrying.
Earnings Of the Louisville & Nashville
for the first week Of October were
.346. $40. a decrease Of 1872, 800, and those
Of the Norfolk & Western $19l, 927, a de-
crease of 1872, 029.
Money was easy on call at 2 a 2 1-2 per
cent. Time loans are quoted at 4 a Az
for short periods, and at 5 a s IL for four
to six months.
Foreign exchange was firm and the de-
mand was somewhat more active, partly
on account OF remittances .gainst rur-
chases of raw sugars. Bankers e0-day
bills sold at 483 a 4.83 1-2 and demand al
1. 5SSa 4.S5 l-2.
The S~ub-Treasury had a debit balance
at the clearinghouse to-day OF 81, 100,
1894. which was liquidated in gold.
The clearinghouse Loan Committee
cancelled to-day $1.25o,ooo loan certin'
Gates. Total now outstanding. S12. Ola, 900
A call for the retirement Of $3.50, 900 ad
ditional was filed.