Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-06
IN WALL STREET.
Traders Believing i'm an Early solu.
ton of the Money Question.

Ifaders Believing I'm an Early S0lu-
ton of the Money Question.
Special Dispatch to The Evening Star.
NEW YORK, Oct. 6.-There was nothing
In today's market to attract buyers, and
nothing to indicate a desire to sell at the
present low estimate Of stock values A
ouil, hfeless market without either purpose
or character was all that the five hours
Trading produced. London was irregular
and did nothing on this side.
Traders are still inclined to believe In an
early solution Of the money question and
are quietly adjusting their accounts SO as
to be In sympathy with the times The
course of prices is a fair indication of how
general the repeal theory has become, and
stocks hold we'll for no other reason. I'm
conditional repeal Is what Is expected, and
Is the only thing that will give Immediate
stimulus to speculation, but action of any
KIND Is more to be desired than a continu-
doubt.
Rumors to the effect that the receivers
report OF the National Cordage Company
would be unfavOrable and that a PROPOSE
ton Tor scaling down the bonds would be
submitted led to a sudden curtailment Of
81 per cent from the selling price of that
stock.
Lackawanna was the most conspicuous
inquire In the days trading and had the field
I
per cent and then advanced uninterrupted
~ to 157. gain Of 10 points from the open
ing.
The sudden change in speculative senti-
ment IN favor of higher prices and a short
interest, estimated at $4,000 shares, are
plausible ard sufficiently good reasons for
the sharp advance. The short interest in
this property is said to have been for the
account or two or three prominent opera
tors.
The strength in Lackawanna. while at
tracting attention from the rest of the list.
served to hold prices steady at slight ad-
VanceS In most cases.
The loan committee Of the clearing house
retired $4,000 certificates today and called
*S70,OOO for Monday. Routine business on
the clearing house was: Exchanges, &c.
1873 s25; balances. S.54s, $50. and the sub-treas-
urer's debit balance. N.344.267 Indications
from all sources point to another favorable
bank statement tomorrow.
sterling attracted but little attention.
posted rates being practically unchanged
at 4S4 and 486.
The Northern Pacifc's report Of earnings
Tor last month show a decrease Of $S1l. 319
These figures include the operating of the
Wisconsin Central to September 20. at which
time the road was permitted to retire from
the control Of the Northern Pacific company
by the authority Of the court
missouri. Kansas and Texas for the fourth
week last month reports an increase in
earnings of s10,S57
The industrials were strong but not es-
pecially active. In the regular list Jersey
Central scored a gain OFF IL per cent to III,
Delaware and Hudson advanced L "a to
LIZ IA and Missouri Pacific gained / per
cent to Is.
In the last hour prices shaded Off some
and a cessation of buying in Lackawanna
dropped the price of that stock back to
Isl IL. from which price 1t again started
upward for a total of per cent to 154 IL
The closing was dull. with prices but frac-
tionally removed from the best figures Of
the day.