Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-25
FINANCE AND TRADE.
Continued Exhibition of Confidence
in Wall Street.
BETTER TIMES EXPECTED WITH REPEAL
Prices Fall Off in Consequence of
Sales to Realize.
GENERAL MARKET REPORTS.

Special Dispatch TO The Evening Star.
NEW YORK, Oct 25.-Following a rather
strong opening, prices sold on at the close
of the first hour in consequence Of some
realizing and a renewal OF selling by oper-
ators favoring a reaction. The lower fg-
ures. however, attracted buyers and the
market was soon moving up under pressure
Of the demand. Unconditional repeal Of
the silver bill is now conceded on all sides.
and this. coupled with the abundant sup
ply of money sooner or later to seek in
Vestment in this market. encourages traders
10 look for better times than Wall street
has seen for many months
SetDacks are both expected and assured.
out the tendency of prices will be to ad-
vance further than they recece and ulti-
mately restore more familiar figures than
those used lately to indicate the market
value of the better class of securities
1t is true. Of course that the continuous
rise OF the last few days must eventually
retrace It's steps, but advocates of this
theofy nave so tar diminished their bank
acsouhts ana made valuable additions 10
their supply OF useful experience.
The market during the early forenoon
was as strong as at any time during the
week, and buyers Were always 10 De found
when a bargain was to be disposed Of
/ For the hrst time slice sugar crossed par
! there were indications Of some selling by
| the pool which has been instrumental IN
producing the rise. The marketing of a
| considerable portion of this block Of stock
produced only a temporary reaction from
which the price rallied sharply TO 1o 3-s.
a net gain of S-s per cent from the open
ing.
Rumors that Reading is TO be taken into
| the coal combine and be given the benefit
of the influence and experience of the Van
derbilts. led to a further advance Of l-2
per cent in that stock to "a. AS usual Phil
adelphia buying contributes largely to the
volume of business in this specially.
western mon continues strong on as
surances of increased earnings resulting
from the general Improvement throughout
the country and an extension OF its
service.
A gain of 3 IS per cent to ss-s was re-
corded today as the result of considerable
, activity. st. Paul was strong at an ad-
. vance of ] per cent TO 81 is: Rock Island
, gained IL per cent to eS l-2. New England
l advanced to % Is, gain of "a per cent.
and Burlington gained 2 per cent TO S "a
Chicago gas was strong at ] l-2 per cent
. advance 70 ca and Distillers gained l Ia per
! cent to 80 Ia
r Railroad earnings made public today
: We're encouraging and show decided
! change for the better. St Paul. for the
I and Missouri. Kansas and Texas FOR the
h same period Increased sails.
e Exchanges at the clearing house toda,
o amounted TO s9O.es5,024; balances. s5si5.5ls
d and the subtreasurer's debit balance ssO7
8 36S
6 The noon statement Of the loan commit
= tee reported the cancellation of $0O10 Ger
J. tificates, leaving a.sl5.0o0 yet to be red ,em
ed. Money l-2 per cent on call and anS
S 6 for time.
: Realizing at the close of the day led 10 ,
e general reduction in values, but the decin
e had no other motive and was. therefore
e unimportant.
d The London Market.
o Special Cable Dispatch TO The Evening Star.
= LONDON. Oct. 25.--Forty thousand pound
In bar gold were sold by the Bank of Eng
e land today, and 5000 sovereigns We're sen
= to Holland. The German demand for ba
o gold is very trong.; price 7S The tan
selling price for American eagles is &c shil
Az lings 10 pence. There is 4 email order in IN
market but no supplies. and the presen
.r bank price is 100 high TO withdraw.
Silver is at SO S-i and weak on the pros
poets of a quick repeal of the Sherman &C
Rupee paper is 6 Is. The stock exchang
generally is better. American close at II
best prices. Combinations per cent per al
y mum: foreign stocks also are better and Al
still lei by Italians. Discounts are firm'
at over per cent. The Indian goyernmei
T. is about TO issue two millions sterling
as treasury bills