Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-19
LONDON SELLING OUR STOCKS.
The Golden Tide Toward This COun-
try Checked Somewhat.


NEW YORK, Sept. 19-Todays market
opened somewhat irregularly. with two or
three conspicuous gains over night Man.
haitian opened up IL per cent at 12s
American tobacco per cent at Is IL and
Illinois Central 1-2 at a.
London was dull and without any i'm
portant orders on this side Foreigners are
now selling instead Of buying our securi-
ties. and the tide of gold in our favor has
been set back in the last few days $50. 600
In consequence.
Commission houses were idle throughout
the day. and the protest. ,nal element in
undisputed control. The REVEALING seyti-
ment among the larger operators is decided
ly bearish In tone and tribe more bro
nOunced.
Every days delay in the vote on the re-
peal bill Will contribute 70 the general ac-
ceptance Of these views and Will supply the
only element of a bear campaign row lack
ing. namely, assurance. The selling move
ment begun this morning was only another
addition to the already enormous short in
terest. That the short interest contir. ues
large Is source of great satisfaction to the
adherents of higher prices, because In the
event Of early and favorable legislation
these stocks could not be bought in without
precipitating bear panic AMI material
advance in price.
For the present, and pen ling the Senate's
action. a contraction of business and a mar
row professional market is .he most that
can be hoped for.
ceied million certificates this morning
but the effect was not reflected in the
course of prices. Today's operations in the
clearing house show: EXCHANGES SS3OC4-
GA; balances. s5.0i5.N. and the suotreas-
ury's debit balance. s1,175, 90. The banks
have gained in the three days since last
Friday in the neighborhood of Sc, 100, 900
through subtreasury opera lions
Money brokers hat fh,,r.a &c. =
tie movement in time money. The rate still
rules at per cent, and but few conces-
sions have been made from this figure
For short periods there is some di~r.osition
shown to be more liberal in the matter of
coiiaterais and low-priced stocks are now
accepted which during the recent strin-
gency would have been throwu ont, Call
money is abundant at 1-2 ald per cent
The market for sterling was decidedly
frmer today, ard an increased demand
from importers Is noted. while the supply
OF commercial bills has diminished The
strength Is ascribed to the purchases of
days for London account. Actual rates.
Cables. 1856 1-2aiS6 81. sight, AS 1-2a4S5 ga;
sixty days is2 1-2a4s2 "a.
Philadelphia advices say that all the
money has been subscribed for the building
of the New York. New England and North
ern, and operations will be begun at once,
provided the charter is granted Several
prominent New Workers are said to be
largely interested.
Chicago gas was advanced during the
afternoon on rurnor that a cash dividend
would be substituted for the scrip originally
agreed upon.
The entire market was advanced during
the afternoon on advices from Washington,
stating that an effort was being made to
have the regular order brought up in the
Senate. which is construed to be an argu-
ment in favor of speedy legislation. 500. 900
additional clearing house certificates were
Cancelled during the afternoon, making the
total for the day 81, 10000.
Louisville and Nashville earnings fo- the
second week this month decreased s9l, 230
and Missouri Pacific for same period de-
creased $4,000.
The bulk of the days trading was con-
fined chiefly to sugar Chicago gas and ST.
Paul. which were particularly active during
the last hour. when prices generally were at
their best.