The evening world., 1893-10-30
STOCKS ON A LOWER RANCE.
Bulls Regard This Merely as d
Healthy Reaction.
Heavy Sales in Erie CoHsols on
Rumors of Passed Interest.

With the prospects favorable for an
nm, date repeal OF the Sherman Silver
law by the Senate. the bulls entered
into speculation with unwonted spirit
this morning.
The dealings were larger than ever,
and n buoyant tone prevailed.
The enormous increase In the bank re-
serves last week. insuring a continuance
OF case In the money market, vas not
without its influence.
4 drop in the price OF bar silver in
london from 80 l-Sd. to 90 3-Sd. per ounce
shows the feeling at that centre in re-
gard to the probable fate of the Sher-
Lazari Fie,es have been advised of
an adiitiona' shipment of 100000 gold
II the steamer sanInG from Southampton
tomorrow.
shorts covered freely. but at the same
Time the Leading bears regarded the rise
as altogether too rapid, and put out adj
dltlonhl lines IN the grangerS and other
stocks.
Sugar sold at the best figures yet at
tanned, notwithstanding IL reduction in
the price OF refined.
Delaware d Hudson rose / IS to l2i IS.
bistlllnrs IL to &l-i louisville, New
j-S to 10j l-2, big -Four IL to 3S IL, Rock
Island "a to ~ 1-2. 81. PAU IL to 6S 81.
IackaWanna - to III and Louisville Il
Nashville 81 to 81.
Later there was a reaction OF IL to
/ - per cent.
silver certificates here were Offered ut
60 -. seller 60 The last previous quota
ton was u "A - IL.
owing to continued rcalizations and
sales for the short account during the
later trading, stocks ruled on "A lower
range. The decline fron, the highest
figures of the morning was ~ n . ~
per cent. the latter in l.aCkaw wanna and
NanhattaE.
The bulls were by no means alarmed.
and profesSed to regard the decline as
"A healthy reaction. The market stood
the pressure quite we'll. all things CON
was a seller.
The Sub-Treasury had a debit bal
ancr at the C~learing-Housc to-day of
The Clearing-H House Loan Committee
has cancelled 1920, 900 loan certificates to-
day, leaving the total amount out
Will Ice cancelled.
Money lent at IL Il . per cent on
call.
Foreign exchange vas steady at 40 Ii
bills; 4.3 a i.S l-2 for sight, and 40 a
4@l-2 for commercial. These figures
are Il little above the gold importing
point, but an influx of the yellow metal
is looked for shortly, as the exports Of
general merchandise continue heavy
and the consumption of foreign goods Is
unusually light.
The steamship City of Washington,
from Havana, brought this morning
Sl9l. sos SPANISH gold coin to Lawrence
Turnure &'Co.
There were enormous sales of Erie
Consol Ids from Il down to g. regular
and from Nl-2 down to Sc, seller 60.
The stock was also heavy, dropping / 34
to "A.
The decline was due to reports that
the directors had decided to pass the
interest on the first lien mortgage OF
Sc. 800, 600 Nov. l.
The Importance Of this action il in
the fact that these bonds We're practi-
cally II part OF the second mortgage
bonds, and were a first lien ahead OF the
bulk OF the seconds.
This default means that interest on
Erie seconds. s23. 597, 400, will be passed
Dec: L. In addition to this the interest
on funded coupon bonds. $4,000, OVO. comes
stocks touched still lower figure,
this afternoon; The bears proceeded or
been discounted, and that a rush TO sell
would follow definite action by the
senate.
The bulls, however, took a different
view and urh round oun
II is semi-Oficially announced that al
interest falling due Nov. l vii be paic
BY the Reading receivers; 1t include;
Shamokin. Sunbury & Lewisburg fives
the rGun2ns due Nov. or 81; Joseph 6
Grand Island first mortgage bonds.
The MISREPRESENTATION committee o
,T"lelo,, st. Louis and Kansas cit!
bOndhOlders. announces that signature
Y To their agreement have been obtaine,
1 to the amount of 81. loo, o00. \ majorit!
is Low assured.
BIDS for $4,000 / per cent, Brooklyr
bonds, aggregated about 100000, "a
~ ~ mar ~ loo ~.
The posted ra 'eS Of sterling eXChang,
. We're advanced lust previous to the clos,
r 10 i.Sl ana As, and the market Wa
tirmer ,n account of foreign selling o
% ~S.0C'.s.
The steamship Ailcr., which sails 70
u Europe tomorrow, will take out 1900
= ounces OF silver ana @n@n MtXicaI
, dollars shipped by the following houses
+. j. n W. Seligman Il Co. $4,000 ounce
n ana zimmerman * F%orshay, 80
. ounces and 5000 Mexican dollars.
The Treasury Department purchase
l. 5000 ounces of silver at ~, and tendere
the same rate for the balance of III
offerings of I37 1000 OunceS.
The sales of stocks We're $50. loo shares
In the unlisted DEPARTMENT 21,lO share
Of Sugar and 1000 Lead were traded in.
y The O~uOfatiOpa