Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-19
IN WALL STREET.
Reports From Washington Differently
Construed by Operators.

Construed by Operators.
Special Dispatch to TIE Evening Star. .....4
NEW YORK, Oct. ls.-The opening of
todays market was dull and irregular.
Fluctuations throughout the morning were
unlmportant, and prices were kept almost
stationary. London was below our closing
and did nothing on this side. 7sn e
Washington advices predicting compro-
mise were in circulation. and were differ
emily construed by operators. The general
opinion heretofore has been that uncondi-
tional repeal alone could restore values
and insure prosperity. but now period Of
imitation and speculative activity Is as
freely predicted should any reasonable
measure be agreed upon. Whatever may
result from senatorial action on the silver
question will, in all probability. be only
temporary. The marketing of stock on
hand would be sufficient to counterfeit any
rally that might result from the closing
out OF the existing short interest, should
developments at Washington prove favor
able
The professional element is still in con-
troll OF speculation and traders are becom-
ing extremely cautious in their dealings
because of the uncertainty as to time and
character Of silver legislation.
The only important news of the day was
the passing of the dividend on the common
stock Of the National Lead Company. and
perceptible effect on prices. {.
Louisville and Nashville earnings for the
second week this month decreased $1lS.948
Shorts have been actively engaged of late
In putting out long line of this stock and
are confident OF lower figures in the near
future. The floating supply of stock is lirn.
TIED and loans daily at premium, varying
from LIS to 1872 of per cent. Chesapeake
and Ohio for the second week In October
reports decrease of $3.50 49,. e.
Northwest is expected to show fiatter-
Ing increase In earnings. as its passenger
traff1c and business in general shows a de-
ctded improvement over corresponding Pc
riod last year.
Among the few active stocks today were
Western Union, which gained "a of point
to 81 81: Rock Island gained l per cent to
81 IA. and New England gained TO 2S IS
Nashville was weak, and lost 1 1-2 per cent
to A "a. .ai.t - e..
The Industrial group was led by Sugar
with an advance of per cent to 923-S: Chi
cago Gas gained "a to 50 1-2, and Distillers
while undergoing no important change IN
price. was active In the neighborhood OF ~
The market for foreign exchange 4cosi-
tinues weak and without special deman4
Posted rates today were 4S3 1-2a4S5 Ia The
local money market is practically TN
changed at per cent for call and the legal
rate for time accommodations. .''
The clearing house statement reported
exchanges, sS7 921 ,S37: balances. $4.5S7. 44S and
the subtreasury's debt balance. $40. $50. -..-
tificates at noon and called $4,000 for re-
tirement tomorrow, reducing outstanding
total to S36l0.OO0.
The market steadied up considerably
during the last hour on prospect of immedi-
ate action tending toward compromise of
the silver issue. While no eXtravagant
trading was INDUCED in, considerable buy
ing was quietly done for long account. The
closing was strong, with a decided change
for the better in the character of specuia-
ton.