The evening world., 1893-10-25
STOCKS LIVELY AAD sTR0ls.
Prospects Of Repeal Bring New
Life to Wall Street
Report that Brokers Were Caught
Short Of Cu,tomsFs' Stocks.

Wall street IL still feeling the effect OF
the latest coal deal, the b~uoyancy Gre
ated by which has been increased by the
prospects OF unconditional repeal of the
Sherman Silver law.
The markets are active and wen ex-
cited. Business has been dull 70 long
that the change Is hailed with delight by
every commission house and trader on
the street.
1t. Is becoming evident that h bull
movement is backed by bankers and
capitalists Of unusual prominence. who
probably appreciate the far-reaching eff
feet of the Vanderbilt purchase Of
Lackawanna better than the general
public. 'i'~'
The sudden drop In Sugar at the close
Yesterday from 194 to % 1-2. which led to
the circulation OF some senseless rumors
about the standing Of a leading operator.
caused h traders to regard the opening
dealings this morning with considerable
Interest.
Tile absurdity Of the rumors referred
to was shown by the course Of Sugar.
The stock started OF at lOl, a rise Of
1 Ia per cent. and soon jumped to l04
on heavy purchases.
Had private settlement; been made: a:
n nstser to 5 BRING %Su abo asv this zen sise = ''"'0''
The fresh jump In sugar put the bears
to flight again and speculation became
We're S Ssriye bs .hsn s sSsourh TSs d ase re-
and some material gains were recorded.
lIngton & Quincy 1873 to H5S. st. Paul
General Electric rs to Il. New England
| SIS to 81 7-s. Reading ! SO to % rs, and
Union Pacific II to 20 we,
ea IN r. z c sRfs'sss'1 pre isalsS'' rose Nss IS to
ferred TIA to IS i-S.
London quotations came lover, but
presumably on the turn In silver affairs
at Washington. although the advance
has been very sharp the commission
interest still uncovered both here and in
one effect of the. prospect Of uncondi-
to the foreign exchanges.
The posted rate for long sterling was
reduced twice this morning. the last
iii%a f. ss - g. TO- 10 ISL Demand was lowered
Bankers are: drawing more freely, and
looks . little like gold i~mportations
In the near future.
the shorts had to a the penalty, Ac-
cording to those. In q position to know
the present rise has caught some OF the
oIohtIS SHuTt VI tnciT CuStuIHcIb btOChb.
During the recent panic 1t was cur
rently reported that brokerage concerns
pinched for money were selling stocks
That large ms safes for cash were made at
Western Union DISTINGUISHED itself by
T,s .s N up y' e s%Sn w %%Ssns,p pg sssn .s eref,
Instrumental i! Ing settinS speculation E no on,
were ass, 900 shares. the hfaviest total for
The sSb-Treasury had a. debit balance
at the Clearing.Hou.e to-day Of ssO7. se5.
which was Inundated in gold.
Money on call was easy at 1 Ia a
Rsnkers' so-day bills sold as low as
$50 W. and sight at 4.S3 Ia. A further
fractional decline would bring gold from
eagles cannot b. obtained in London
erslgn. do mo-. answer the purpose Of
fSe Loan Committee Of the Clearing.
House retired $1,000 certificates. Total
amount outstanding, N,sO5.OO0.
ba ssSshss s ssnt to sse e eia.s' k sad sttit5ly
oceasioned reactions at intervals, but
the declines as a rule were slight, and
a partial recovery. took place IN the final
The bulls are still talking confidently
Of higher pr ces.. and seem to be In a
Bonds. were buoyant. especially for
Reeding, Pittsburs & Western. Atchison,
Kansas Pacific and Northern Pacific
issues. -
The Treasury Department declined all
OF the SIS 900 ounce Of silver offered
at .784O a .787h and rendered .73.
Foreign exchange closed .steadier and
there Is a better demand Cor sigh
sterling on account of the advance Of
private discount In London to 2 pei
cent.
The sales OF stocks were 5O4. 800 shares
OF Sugar and 1880 Lead were traded In