New-York tribune., 1893-10-20
WALL-ST. GUESSES "REPEAL."
A WIIIRL IN PRICES ON FAVORABLE WASH
INTTON RUMORS.

ACTIVITY AND BroYANCY NEAR THE CLOSE
INDUSTRIAL COMPANIES OMIT DIVIDENDS
CLEARING HOUSE LOAN CEETIFf-
Gates NEARLY Nh RETIRED.
Until the last hour at the Stock Exchange yes
terdav business was excruciatingly dull. but tnen
there was a seml-panc among the pears' que W
the appearance Of buying orders from houses WIN
Washington connections. accompanied py1s' n'ou
of rumors favorable to the passage OF the oh'e.
Depeal bill or actual news from the Natioha'
cap;al none was received OF an important NATURE
but the common opinion prevailed that SOME
thing was impending likely to carry the Dill
through the Senate at last. The rush 10 puy hea'
the close was stimulated by the Circulation vi "
report that Senator Hill had been called 10 tne
presiding officers chair, and wouid a''e"p'' WV"
the support of the repeal senators, " ioi.e "
measure through by rigid application OIL ciosure'
dasr,,,a oil tho silver mems protests. The story
yvas o,ick,v denied and the wire brought word
that a Populist Senator had Temporarily 'ahe"
Vice President Stcvenson's place. Inc iui'o''
would not have been credited II 1t nad oeeh hho"n
that Senator Brice in the city as IL "ou''
hardly be probable that such radical programme
would be attempted without tire presence vi al
the available advocates OF repeal But senator
price who was somewhat downcast last "eeh'
smoke most cheerfuy to his friends ana dec'arcu
that in his opinion, the prospects OF repea' "e'e
brighter than they had yet been
MANY of the days rumors foreshado"eu co'"p'o-
mise in the Senate and the bulls told each o'ner
that the compromise would include some proVisio"
for imitation which would help to DOOM s'oeN'
O,hor s,or,es were to the effect that Senators oher
man and IIill were in consultation, ana the uea
peryaded the entire Street that In some 'as"'' '
outlook for repeal had been decideu'y ii'ip'
and that a crisis In It's fate was ciose a' "'''u
The feeling was so buoyant on these vague ru''o'S
.,l.. of no
stocks were bid far above the final on'c'a' q'''a'
tions. q, ,. .,
The extent of the advance In the market WIS
not important, except in isolated cases Inis was
due TO the fact that there had been carry .o"
cesslons in prices. Chicago, burlington anu ~I''
sold in the morning at 1S.. against 'o'. "c'"eS
day night In the afternoon the price slowly "ii
da,od 20 "a and then went with q rush to 80, end
,rg ot 79ib Rock Island and Chicago and North-
western rose Il. per cent each, Missou'i i"e
advanced | per cent, ana the Nahue'p p''' ~ -
went up lM2 per cent. Western Union uecIi"eu .
10 Sla, and then bounded to s5Q1s Chicaso
Milwaukee and St. Paul sold from 5Sis to os'ta''1s
but after the official close bids were inane up ~
CO. The general Improvements were irac'o"a' a''N
7 Iouisvi,,e and Nashville and Erie closed irao
tlonally lower while Reading was unchahsea'
Tho Industrial shares laggards In the DUH
movement which was felt chiefly III 'he uia''e' $50
American Sugar Refining advanced from i s1t IL ner
nyI( (.ar-
cent while Oistilling and Cattle Feedins anu Gas
orat' t.lnctri ended unchanged and Chrcaso ,ao a
and National Cordage sold on trifei ne ne id n,is
trials We're sympathetically influenced py tne oNls
sion OF dividends on National S,aren a s''n ~ the
,ional Lead common stock. The directors vi AZ t
National Starch Company decided to pass & the nv, M
dsnd us,lally paid the first preierte,i s.oen on
November l. but will pay the coupons gme on sn t,r
date M the Chemical National Bank; ne a.", ,Sa
pive, for the passing OF the DIVIDEND ~ .ie .,,
man,ifacture OF goods In which tne colpa.s
"ommoIity largely enters has greauy % uecteas. ISL
ond tho general starch trade has experlrhcsu III
oms dticity A large stockhoder SAYS I ,naI 'l'n n
company has large stocks of starch on haiu' ,Ha 10
uhirh If is unable u realize some uihe asC a.'s
comnanv branched out into the glucose pusie'''
and This f. said TO have proved unpron'ap,e ..o, =,
The National Lead directors YESTERDAY Vo'eu ''s .S
|, vas pr,ldent TO postpone consideration VI III LIZ
navment of dividends on the common s..n. S.o.m,
Mother Industrial company-the un'teu S'a.r' aon'
Rubber Company-is reported 10 nave uIuet ,nI ov,
siiera tion a proposition 10 omit the scmi-ahiuMai az
dividend of per cent due IN November anu "
nav 81. per cent next January. All, ~
The vaults OF the city banks are beine nlisu , ny
r,,h money coming from the Interior ana tne
weekly bank statement tomorrow WIN sly 10y,
no,hsr No nccumuaton of cash. 1t Is probable
that this week will witness the retirement oi t'e
last Clearing House loan certificate issued 10 10 .le
over the panic There we're sti''m ~ ,os S.o
,iacates cancelled yesterday leaving only $ooo.n"
outstanding Calls were issued Tor s.ooT sln no
Gates for retirement to-day At Boston only >'o'VO'
certificates left outstanding