The evening world., 1893-10-12
THE WORLD. THURSDAY EVENING. OCTOBER Ia, 1893.
BULL POOL IN INOuS1RALS.
1t Forces q Rise in Other Stocks
All Along the Line.
Repeal Rumors Add to the Strength
In the Market.

There is but one active force in the
stock market at the present time. and
that Is n 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 II curious one to say the
least.
Whether those who are now putting up
Whiskey. Sugar. Cordagc and others will
be able to arouse sufficient enthusiasm
to enable them to unload IL something
that time alone can determine.
Certain IT Is that the outside public Is
doing nothing, and will probably not en-
gage In speculation until the silver ques-
tions Is decided. OF this every one must
judge for himself.
One reason for the improvement in the
money and the fact that holders of these
stocks are once more able to secure ac-
commodations.
National cordage rose .. to ?7l-2;
Distillers IA, to @l-S; Chicago Gas
| S-S. to IL SIS; Sugar rs. to 90 SIS; Ameri-
can Tobacco preferred 10. to 9S; Pull
man IS, to 1863. and Union Pacific 5-s, to
Russell Sage makes the following
statement regarding Union Pacific
The Union Pacific, Company is no
exception at this time to the great
run Of corporations, tinacially speak
, ,iae h # ov i,s er TSs Il f9oa a,r enough bs,r to
for the Union Pacific three times, and
each time the Company has escaped
them.
There is no probability whatever at
this time of a receiver. There Is no
truth In the rumors to the effect that
the management will now recommend
the rpflnIinp of two or more rpnnnps
en- Union Pacific bonds. AS to the in
terest obligations Of the Union Pacific
maturing Nov. l., there will always he
time for payment until the last nay o,
this month"
The Bank OF England rate Of discount
Is unchanged at 3 per cent. Bullion IN
and reserve decreased fi59, 600.
The proportion CO the reserve to LA
bility is 45.6s per cent, against 1852 per
cent. last week and i.T3 per Get. same
The temper OF speculation became still
more bulllsh after midday on rumors
peal had been improved. The. shorts
made an attempt to cover in the rail
ways as well as the industrials. and
prices made a further advance all along
The offerings o. the way up were light.
Louisville g. Nashville and Union Pa.
Gifc commanded l-l2S premium. General
gar. st. Paul and Western Union at 1
per cent. for carrying.
Earnings OF the Louisville & Nashville
.sis,sS. a decrease Of ss2. $40, and those
of the Norfolk & Western slsl. 1927. a de-
crease of $685.
Money vas easy on call at 2 a 2 12 per
cent. Time loans are quoted at ! a 4l-2
for short periods, and at 5 a 8 IL for four
to six months.
Foreign exchange was firm and the de-
mand was somewhat more active, partly
on account OF remittances .gainst pur-
chases of raw sugars. Bankers G0.day
pills II , sold at 4ss a 4Sa IL and demand at
Ths sYh,TreasqEEy had a debit BALANCE
9st. WHICH was liquidated in gold.
cancelled to-day 81. $50 900 loan certin-
Gates, Total now outstanding. 81. OILS, 900.
4 call for the retirement of $780, 900 ad-
The usual ten-day statement of GUS
toms payments at the port OF New York
shows some remarkable changes when
compared with the previous statement.
gold coin and OF ID In gold certificates.
and there are increases of 10 in silver
certificates So in United States notes
tions now are Gold coin 4O.l per cent.
silver coin OF, gold certificates OIL. silver
certificates 247. United States notes 25.2
and Treasury notes 81.
The steamship Colombia, from Panama
and San Francisco. brought 81, 300 gold to
Munoz & Espriella: 500 gold and 1900
silver to X. G. Barthold: 81. 600 silver to
Fraser Chalmers: $4,000 silver to
George s: Scott; A.64S in gold and silver
Amsinck q Co: s3l. 900 silver to F.. Probst
&c Co. and $50 specie to C. L. Lindauer;
total. $50. 24S.
The steamship Seneca. from Havana.
bro ught $4,000 in Mexican silver to
James r. Ward & Co, In transit to Lon
don: IS. 700 silver to Paris, and $50, 1888 sill
Yer to Bank of British North America.
m mber OF the Stock Exchange.
Stocks closed strong and quotations
were up to, or within n fraction OF, the
best figures Of the day.
The sales of stocks were 1872. 800 shares.
In the unlisted department 26, 2l5 shares
or Sugar n 800 Lead were traded
in.