Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-21
SPECULATION DULL.
Wall Street Awaiting Action on the
Silver Bill.

Special Dispatch to The Evening Star.
NEW YORK, Sept. 1.-THE course
Of speculation remains unchanged.
with the efforts Of both elements
about neutralized.an and the market in a state
of dignified equilibrium No radical change
is possible until the proceedings at Wash
ington are satisfactorily terminated.
There is fair borrowing demand for &C
tive stocks. and shorts find considerable
difficulty in making deliveries. The general
scarcity of all classes Of securities results
made for them. This fact explains the raj
lies of the past week. which have usually
put in appearance during delivery hour
and ended with the close of business for the
day.
Today's market opened irregular and fea-
tureless. London did nothing on this side,
and Is not anxious to. just yet. The re-
duction Of the Bank Of England rate to
1-2 per cent had as little effect In that
market as 1t had in our own. Ia spite of
this reduction In the bank rate, there is a
stronger tone noticeable in foreign ex-
change, which appears most conspicuously
in sixty-day bills. but demand bills are IA
per cent higher than yesterday.
Brown brothers advanced posted rates to
44 1-2a4S7.
The gold movement, 1t is said will attract
little attention for the rest of the year. as
no considerable shipments either way are
likely.
The process Of redeeming clearing house
certificates continues slowly to reduce the
amount Of these obligations now ou.stand-
Ing, which, with today's retirement of $3.50
900. Is $3l, $50, 900. Exchanges on the clearing
house today amounted to s6O.5S3.06 bal
ances. "a, az 4os, and the subtreasury's debit
balance. N.17O.904.
western roads report a decided increase
In passenger traffic, and notices have been
issued to grain shippers saying that owing
to the volume of passenger business grain
will or necessity no 6ela we'd in no a
ling.
Railroad earnings for the second week
this month show an encouraging improve
ment over the first weeks reports when
compared with the corresponding week last
year was 1871 per cent. The reports OF
thirty roads show that for the second week
the decrease is less than IL per cent
Atchison decreased during the latter
period $4,000. Mexican Central sS92S and
Lake Erie and Western S709 Although
the last named road has a decrease for the
above period its earnings since January 1
have increased $143.563 over corresponding
period last year.
Louisville and Nashville directors are
said to be considering an option for the
lease or purchase Of the Chesapeake and
Ohio Southwestern, which was given when
times were a trile more uncertain than
now and which will not be renewed on the
present basis.
The time in which advantage must be
taken Of this option has not yet expired
and an effort is being made to close the
transaction at once.
Money continues abundant with no spec
ial change in rates. Call money was plenty
at and per cent. The railroad stocks
which attracted the most attention today
were Rock Island, st. Paul and Nashville,
which were all strong at slight advances
The Industrial group were conspicuously
active within narrow limits. Distillers
gaining most on early trading to "a. q gain
Of IA per cent.
The clearing house loan committee can
celed an additional x,0S000O certificates
later today, and called $500 200 for tomor-
row.
The last half hour was dull. with prices in
the main strong. at slight advances for the
day.