New-York tribune., 1893-11-25
MORE MONEY IN THE BANKS.
ANOTHER FAVORABLE SHOWING EXPECTED.
r ,r,,s TN WALL STREET ADVANCE PRICES
suARpLY-Ir is ARGUED THAT IDLE FUNDS
MIST SEEK INVESTMENT.

MIST SEEK INVESTMENT.
r.. ,.rrer of Wall Street has been growing moie
.u,sb through the week, and yesterday prices ~
,he stock market advanced in spite OF wha' ''au
,asarded as the closing out Of large sho't nv
ON Thursday The bulls were encouraseu ="
aesressively by the expectation oi d ,o' .ra %
80 statement equally favorable with those %
.no ,ast few weeks. 1t is predicted ina. 'e
narks will to-day report another heavy gam y.
"a sh on hand some estimates putting 'he "e
,o 600 NO The accumulation OF Idle mone!
admitted to be an unfavorable SYMPTOM io " "
argued that it will finally be forced mo spe'u p.ss
channels The absorption of hrst-class rano'u
lie hoe gone so far that scarcely any OF these
,ssues are available for purchases, ana i'e''0'"
ro said TO be turning their attention 10 less e
teemed securities. The bulls stoutly coh'enu ','"
after the lower grade Of bonds have been aoso osu
the surplus capital in the banks VIII drii' '''o VI"
stock speculation A., -
IT, ,rorket Yesterday was helped by the ap-
narent exhaustion of the recent liquidating move
ment In General Electric. The sales OF 'ha' ''oo"
amounted to nearly 5000 shares ana IL was Seoo'O
on the list in point Of activity. Inc pm ""
variable but ended nearly per cent "is''' '
ss7 The other Industrial shares were less Duoyah'
American Sugar Refining was the most ae"Ne
stock in the market. and after range from sS' 10
s5s. 1t closed only Il cent higher at 10 Inc uh-
certainty of the proposed legislation by Constsss s
is helping active speculative % mOsei,,e IN Their m ven
lures because OF the wide possibilities Oh aaNs
tions. based the action OF the WAYS AM ,s se' In
Committee Of the House of Represen,atxves, In
spite of unofficial advices from ashmgto.' ,,t
fcreahadowing increase in the tax, tax on sprs oS
3O4, and Chicago Gas, which is approaching AN an
other dividend period, gained only y per esm'; s;
National Cordage small sales: rose per cent
and American Cotton OH gained lss per cent
The striking features of the railway iist were III
the coalers and the Vanderbilt shares Delaware.
Lackawanna and Western advance over per cen. Th
and Delaware and Hudson rose rs per cent me
effect of the Lehigh Valley strike is CONSIDERED as
assuring reduction of surplus stocks OF coal. ana
STRENGTHENING thereby the future or the traue:
The Vanderbilt stocks were higher to the extent n o
Northwest ern l7s in Chicago, ST. Paul Minneapolis %n
and Omaha and 3. per cent In cleveland Cin.
cinnati. Chicago and st. Louis: The general list list
made gains of over l per cent western unlon
being Especially strong on a revival or rumors
of the ACQUISITION of Postal Telegraph Company.
which met the usual denials. The friends or
Manhattan put up the price over per cent on
What they claimed was the breakdown OF opposition
rapid transit. There was buying of Union Pacific
On the theory that Senator Brce's active interest
in the reorganization meant probable satisfactory
settlement of the Government DEBT.
The business failures reported TO X: q. Dun ~
ca for the week numbered 3S7 in the United states
and "a In Canada total of 42l. against 1853 In the
nreyious week and 209 in the corresponding week
of 1892.