Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-30
FINANCE AND TRADE.
A Reaction in Wall Street Thought
to Be Temporary.
ANOTHER WEEK FOR BULLS EXPECTED.
Brokers Predict Another Rise in
Prices.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, Oct. 30.-Today's market d:d
not come up to current expectations and
after strong opening reacted from 10
per cent on realizing and a renewal OF
short selling by a prominent bear operator
London took no active part in the early
dealings. which contributed to the general
disappointment. Foreigners, however, will
undoubtedly come into our market within
the next few days, now that repeal is lin.
ited to a question Of hours and start prices
upward once more.
Out-of-town orders continue to arrive in
considerable quantities for odd amounts
ana are encouraging as showing the extent
OF the recuperative theory and the belief
in better times. The general scarcity OF
stocks Is everywhere noticeable and makes
bear campaign unusually risky and hard.
~ probable under existing conditions
Brokers are urging purchases on all reac-
lions and are confident that the reaction OF
today is temporary and will have good ef.
feet later In the week.
The sentiment Is still decidedly in favor
OF continuation of last weeks rally and
reports from all parts of the country seem
to support this theory
Sterling was weak and foreign houses
confidently predict gold imports during the
week. Rates are posted at 4S3 Ia and sew.
eral houses have declared their intention OF
importing gold IL they can buy the bills
Lazard Freres engaged 100000 from Lon.
r
dered Friday
Burlington's earnings for the month O.
September. just out today, show a decrease
OF ssl5, 404. leaving the surplus for divide nds
after paying operating expenses and fixed
charges with a decrease of S1s3, AZ The
stock sold down per cent on this showing
to e 81.
The industrials were all active and strong
within narrow limits. Sugar was the mos,
conspicuous, selling up to los IL. after re.
acting earlier in the day l per cent below
that figure.
In the regular list Atchison declined ! Der
cent. to q SIS; Lackawanna, I-2 per cent
to 16s; Erie. "a. to IA is: Louisville and
Nashville. 2 per cent. to 81: Missouri Pa,
cifc. 3-4 to q rs; St. Paul. 5-s to IS rs
Rock Island. per cent. to n Ia, and West
ern Union, SIS, to 81 Ia.
The exchanges on the clearing house ag-
gregated s72.sls.Ses. balances. se.So4.oss. and
the subtreasury debit balance. SISls4
The loan committee Cancelled 500 600 Ger.
tificates and called $4,000 for cancellation
tomorrow, reducing the amount now out.
standing to 1856. 900.
The London Market.
Special Cable Dispatch to The Evening STAR
LONDON, Oct. 30-One hundred and one
thousand pounds in bar gold were sold 70,
America today. $4,000 sovereigns went GU,
to Egypt and 100000 to Holland and Ger.
many and $1,000 came in from Monteyideo
and 1900 from New Zealand A large
withdrawal for America IL expected to.
morrow. The Bank Of England has reduced
the selling price OF eagles to 1854 and SO
Withdrawals are likely. Silver has fallen
to 30 3-16
The market is disorganized. Rupee paper
sold at g.
American shares opened with a dun ten.
dency but public buying counteracted the
realization. There were Dutch sales OF
Americans in the afternoon on a report
that the Erie second mortgage coupon
would be passed. Although this was fully
expected here the market closed fat. /,
will be holiday on Wednesday.