Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-20
FINANCE AND TRADE.
Washington Advices Stimulate
Stocks in Wall Street.
EFFECT OF COMPROMISE ON SILVER
Later in the Day the Market Be-
came Dull.
GENERAL MARKET REPORTS.
Special Dispatch to The Evening star.

Special Dispatch to The Evening star.
NEW YORK, Oct 2o-The better feeling
noticeable at the close of yesterdays bust
ness was still more pronounced in today's
market Prices opened up from 1-2 to "a
per cent and continued strong throughout
the morning. London had improved cor
respondingly over night. and bought a few
stocks on this side
Washington advices were decidedly favor
able In tone and contained assurances that
compromise, including unconditional re-
peal, with an extension Of time before be-
coming operative, would. in all probability,
end the strife over silver within the next
day or two.
The strength OF the market under the cir
cumstances verifies the prediction that a
compromise would be followed by practi-
caiiy the same result as unconditional re-
peal, namely, sudden squirt and then q
quiet settling down In values.
traders were encouraged by the markets
prompt response to the good news. ard are
confident of further Improvement should
present expectations be realized
Inc foreign exchange market was some.
what easier, although no change in rates
mas so far been announced. Cotton bills
are expected 10 be In abund ant supply by
the middle Of the next week. and will tend
to further reduce rates. Arbitrage houses
are doing almost nothing
c, Kum9rs 81 OF or. probable gold imports are
and the shipment abroad of cotton and
cereals.
Money is a drug in the market, and every
indicaton points toward further and con-
tinued decline to the minimum of recorded
rates.
Call loans were made at 1 l-2 Der cent. and
offers Of and are quickly accepted for
time accommodations.
Among the more active stocks were Bur.
iington. which advanced 1 per cent to g.
New York Central gained IA per cent e
102. Rock Island gained "a per cent to
o. Ia. and Consolidated Gas improved pei
cent to lisa. Sugar was the most active OF
the fndustrials. and advanced to 81 a gair
Of full point from the opening, and was
well held In the neighborhood Of that price
Dlstiilers was again active. but confined it.
self within very narrow limits. Chicago
Gas was strong on early buying around 60
IS 81
early afternoon, and business came almost
to standstili, owing to the execution OF
all orders In hand. Then. too. nothing new
transpired in Washington to keep up the
enthusiasm The sentiment OF the room
was unchanged, however, and traders are
both confident and hopeful Of higher prices
In the near future.
The prospects for another good bank
statement tomorrow are favorable, as the
banks have been gaining both from the
subtreasury and the interior
The clearing house statement today re-
ports: Exchanges. T.4ss.2Ss; balances, 81
lSa. 6s4 and the subtreasury's debit balan ce
AlS0.554
The loan committee Cancelled $50 900 GER
tthcates and called $4,000 for retiremen,
on Monday. leaving amount now outstand.
ing 81 7s5 Co.,
Atchison earnings show a relative i'm.
provement for the second week this month
the decrease being reported at s22T4. as
compared with a decrease of 900 for the
fourth week Of September
The market stiffened I'D slightly around
delivery hour. but relapsed into dullness
after supplying immediate needs.
The sentiment at the close was unmistak.
ably In favor OF continuation OF the rally
the moment the Sepate's position IL as.
sured.