The evening world., 1893-10-27
NEW ENGLAND'S ALLIANCE.
Rumors that 1t Will Join Forces
with Vermont Central
Tho Stock Market Goes Up Higher
on This Report.

Ever since the block OF 10000 shares of
Lackawanna was put in the name of X.
Is. Vanderbilt Wall street has been
literally surchargcd with rumor OF
deals" Each day brings with 1t some
reports about new combinations on
which stocks are boosted by the bulls.
The latest yarn concerns New York
& New England 1t Is said thai ncgo-
t~iations have about been completed for
an alliance, offensive and defensive. be
tween the New England and the Yer
mont Central.
( such "A union is really contemplated.
Russell Sage. who owns the New York
u Massachusetts,. "A thirty-ninc-mlle line.
We I'D bc able to unload 1t upon the YER
mont Central and New England hackers.
TN" only basis for the rumors of n
deal. however, thus far IL to be found
in the heavy purchases Of New England
by tho +. II. Prince party of Boston,
who some time since figured conspiCu-
ously In the operations of the Mcleod
party.
Another story is that the L~ehiGhValley
interest Is after New England. but there
appears to b" nothing mors tangible in
this case than In the other.
IN the mean time the stock keeps
going M. II was the great feature at
the opening this morning, selling. at
&c rs. against 81 IL last night
and 80 10 yesterday morning. The
whole list sympathizcd and moved
up IL to BIZ per cent. on heavy deal
ings.
son / 81 to 90 ~, cordage preferred 7-s
to G5 IS, American Tobacco . to IS, chi
cago Gas ! IA to g IA. Rock Island ! to
eat G,s y lil i i r HsbtTnI II to Il
Western Union l to 81 IL, and Manhat-
The bullish feeling Is increased by the
resumption Of gold imports. Lazard
Frcros ave ordered $500, OO0 gold bars in
London for shipment this way. and other
amounts may be taken to-day. Much
depends upon the attitude of the for
~eigners towards our securities. II they
buy them extensively, gold importations
Will certainly be large, while II they un-
load. the movement will be summarily
checked. This morning. however, they
were large buyers.
The posted rates Of sterling exchange
were reduced this morning from 4.S2 and
ass to 4.Sl l-2 and asa l-2.
The stock speculation continued active
and buoyant as the day advanced. and
some new favorites came to the front.
Chicago Gas. Missouri Pacific and North
ern Pacific preferred all moved up
The bulls are confident. and give ac-
tive support to their specialties. Many
OF the shorts are unable to cover, prices
being marked up rapidly whenever they
make the attempt.
Stocks were heavy in the loan market:
The foreign houses were borrowers of
llllnblS 'tUlTHl anu lJlllSNlllt " ANhNh-
vile against sales OF certificates shipped
from the other side. Illinois Contra
commanded l-l6 premium. Louisville e.
Nashville lent flat to LIPS premium
Northern Pacific preferred fiat; st. Paul
& Rock Island | per cent. for carrying
Reading and Chicago Gas 2 per cent,
for carrying.
1t is oficially stated that the directors
OF the General Electric Company have
determined to pass the dividend. due
Nov. |. on the common stock Of the
Company.
A dividend Of 1 IA per cent. on thu
capital stock Of the Rome. Watcrtown &
paid by the New York Central & Hudson
River Railroad Company. lessee, on anc
after Nov. Is, 1893. to stockholders 81
record on oct. 81, 1899.
The Sub-Trcasu-y had a debit halanc,
at the Clsiring-House to-day Of $9lS ,O9S
which was liquidated In gold;
Money was easy at ! l-2 a 2 per cent
on call.
The clearinghouse Loan Committed
cancelled $4,000 loan certificates to
day. Total amount outstanding, $.62I,
N0. Certificates to the amount of $3.50,
00O have been called for tomorrow.
Foreign exchange Is weak, owing Il
offerings of bills against securities takel
for European account and an Increased
supply OF cotton acCeptances. Bankers
long sterling sold at 4S0 "a a 4Sl an,
sight drafts at 4S5 1-2.
II. G. Dun's Review, to he issued to
morrow, will state that the number o
past week was 352 and A. In Canada
against 3iS In the United States for tn
preceding week and 90 in canada. an,
1877 in the United States and 20 in Car
ada for the corresponding period las
year.