The evening world., 1893-10-28
THE GEARS ARE NOT IN IT,"
Prospects Of Repeal Sends the
Stock Market Upward.
Only Cordsge Broke or Reports Of
the Receivers.

last taken up tho question OF uncondi-
tional repeal in real earnest, ard that
the close of the struggle is near at hand,
gave an additional impetus to specula-
ton at the Stock Exchange this morn
ing.
The bears who have Been fighting the
rise in stocks throughout the week. are
fast losing hope and, deeming desertion
the better part of valor, were scram-
bling over each other this morning to
cover.
1t has been many months since the
market has shown such ~buoyancy, and,
moreover, there IL abundant evidence
that outside interest in speculation is
broadening.
The advance in prices was equal to
l-2 a 2 per cent, and the dealings were
uncommonly we'll distributed. Even the
break in Cordage from rs last night to
a on the report of the receivers. filed
with Chancellor McGill, which was dis
appointing to the street, failed to check
the rise In the general list. The stock
subsequently rallied to q SIS.
Manhattan rose .. to 1875. Louisville &
Nash vile .. to 80 "a; American Sugar ?,
to l4 IS; Atchison ! l;S; to % Is; Amer
iean Tobacco l.. to g; BURLINGTON &
to 50 81; ST. Paul | rs. to 81 ia; Rock
lslnnd "a to u; Consolidated Gas / -,
to 1888; General Electric IL, to 81 IA;
England i IL, to Is rs; Omaha /, to
30 IL, and Western Union l 3-s, to % IA.
In the specialties Great Northern pre-
,S Preald SSss i Mo !? siS' Jones and sup,.
John D.. Moore have been appointed re-
ceivers for the Fort Worth & Denver
CITY Company, the Panhandle Railway
yer, Terminal Company. on the appii-
cation of Union Pacific interests.
The application states that the gross
eGaitt H fine Of i the sSrs W ,Se S s Rsqxis
road. from Jan. i to Oct. 5. were 81. Iio,e
!s7. compared with 81, 2s4. 2sl for the same
time the preceding year
tina 800. o0o. and for the year will ex-
coed $50 700. This. It is claimed. would
result In Judgments against the com
p nan and the protection of the courts
The Imports, exclusive of specie, at the
port. OF New York for the week were
", 46s 2S6. OF which 81, d9l sos were dry
chandise.
The imports Of specie at the port Of
New, York for the week were 1926 .5s1, OF
which 3aS2,I7 were gold and s74,1A Sill
Stocks were active and buoyant at the
close. In many instances final quota
t'ons were the highest yet attained.
a. "N"Ny Il'ltdnC III lnt Ddnk re-
serves stimulated buying. and the com
mission houses had a larger number Of
out OF. town orders than on any previous
day OF the week.
Lackawanna sold abov 10 on appar-
emily well authenticated reports that
Messrs. Twombly and Webb will be
elected directors to represent the Van
The whiskey Trust gave notice of an
advance Of one cent a gallon In the price
OF spirits, to take effect to-day. This is
an waeh a anS OF ? cents a gallon In two
with the profits gained by feeding cattle
at the distilleries, will enable them to
show a margin OF profit IN their opera
tions.
The American holders OF Northern
Pacific bonds have appointed the follow
ing Committed to guard the interests OF
gerald E. Thalman, James StiIiman and
j. ID. Probst
The ASSOCIATE ton Of German Bondhold-
ers has Joined the American Commit
tee. with the intention OF having Ger
man and American holders act in unison.
This Association will represent more
esPeSlaiiy ths consolidated bonds. OF
New York & Northern, makes the fole
owing statement: The New York &
Northern transfer books having been
closed under, Misrepresentation OF the
rights OF stockholders undeF the present
law. by the advice of counsel the books
nave been declared open for transfer OF
stock"
The bank statement again shows an
enormous increase In reserves. The
Influx OF currency during the week has
been far heavier han generally sup-
posed. and he operations OF the NIB
treasury were also In favor OF eie
The latter gain in cash-specie and
legal tenders-s9,0 40, 400. and In deposits
ll,5'4,SW. Loans were increased 8, 2S5,-
100, showing that the banks are pur-
suing a more liberal course towards
their customers.
The gain in surplus reserve Is s6,l46, 100.
raising the amount held above the Is
per cent. required by law to s4s. Isl 4T5
a year ago the surplus vas only s., $685.
The following are the comparative ng-
ures: