New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-25

STRIKING GAINS IN PRICES.
Wall Street visited with something IKE an
old fashoned boom yesterday. and the ACTIVITY
and advances in stocks were on larger scale 'hai
has been witnessed since the monetary blght leii
mon financial circles There was an extensive
covering of short contracts by belated bears nut
purchases were also made for the long account
and the trading element almost unanimously COM
mitted itself to the bull side. The revival Vi
activity and confidence was stimulated larger! ny
the advices which poured in all day from Washing-
TON indicating that the deadlock in the senate
had been broken, that the partisans of silver had
decided 10 cease their obstruction. ana that 'he
prospects surely favored the passage OF 'he I'M
conditional repeal bill within a week
The way for the sharp advance had been SLOWLY
preparing for a week at least. The veteran ieauei
OF the bears Addison Cammack sorpr'seu HIS
small followers by a precipitate retirement from
the speculative field last week. even "hen 'ie
air was thick with rumors of compromise III WASH
ngton He has been the retreat II Is Sain'
ever since but there remained heavy snort
nteres which met severe punishment on Moh""!
aud Yesterday The recent declining tendency OF
the foreign exchanges reflected 'he commence
growing abroad in victory for sound money !" ''e
Tinted States and fell to hgures which sus-
cested the possibility of early gold imports Last
Saturdays bank statement. showing nearly $S'-
nm ono s,,rnlus reserves in the New-York banks
was hailed as IA bull card. for 1t was arsueu 'ha'
this idle money must soon drtt INTO STOCK opera
tions The bulls declared that all that was
raedod 70 set this mass Of funds into motion
was news from Washington OF victory Tor repeal
Then came the announcement that the Nanderoh's
had acquired an important interest in Delaware"
Lackawanna and Western, assuring harmonious
relations among the trunk lines al" S'ap'nN
IN the coal trade The conditions were ripe Tor
an excess of bull enthusiasm. and it came yes
terday when the wires told of the defeat ana
capitula,on of the silver flibusters
REMARKABLE ACTIVITY OF SUGAR.
Tho sensational feature of the stock market
Yesterday was furnished by American sugar Re-
filming The long-predicted advance TO par occurred
and the price shot several points beyond Inc
opening was at 97a.. the market touched s7's ana
then advanced steadily TO l0O in the late dealings
q rapid rise to lO4is taking place. This put Sugar
49, per cent above the lowest price Of the summer
manic From the highest point however, Sugar
tumbled precipitately to 99i2 showing maj net
gain of 1a, per cent. The total transactions
amounted to nearly 1900 shares. The sharp bieaK
started a flood of rumors respecting the position
OF the shorts. one story ran that large pear
interest had effected private settlement ana mus
removed the necessity Of INSIDE support TO the
market price. There was another report TO uie
effect that a prominent operator. who has not
been suspected of being the bear side. had beeA
forced TO the wall and had lain down on mis-
brokers The operator mentioned ehlpha'cd"H
denied the story and declared that he had no III
terest In the stock and his principal broker joined
client
recent upward movement in Sugar mas peeh az
COMMANDED by reports that another extra dividend
would be declared in few months ana pro'hi-
nent Standard Oil capitalist has been cfcdi'eu WIZ"
purchases of some 800 shares for investmo.
The railway share list was strong TO hu'N"
Nth Beading the leader and the Changers good
seconds The transactions in Reading amounted
~ nearly 12N Oo shares Of halfstock and the price
rose TO g. reacting later to %. showing net
fractional gain. The heavy speculation in TINS
al
..Sea' to follow the Lackawanna purchases by
W X Vanderbilt. but it was not believed that me
wanderIitSk Wgre snd Western Suffered nat
Ta res ro shr S d esdnE Of
New-Jersey and Delaware and Hudson lost small
eVer Mhose coal is Steadily expanng
made further small advance the uP ,Ss racn m
comparative Improvement IN earnings ana 10 ns
ports that the T Of ee d vT
encouraged the bulls to predict that there w1Ila
future the roads than have been i2oke5
forward to- The trunk line shares rea
tions as the result of the Iackawanna deal
SOME OF THE PRINCIPAL ADVANCES.
Among the more prominent stocks there was an
advance in Chicago. Milwaukee and st. PAU from
6is at Mondays close TO 63asH'2Si while Chi-
cago Burlington and quincy rose from y on
Monday to sr.a@ls Chicago. Rock Island and
Pacific from $50, to 67a.a&a. Chicago and Nortn-
western from is 70 1c5;Hti r 2s Ghi io
cleveland. Cincinnati. Chicago and ST Louis from
S5is TO S7is: Atchison Topeka and santa Re from rom
1875 2la2Oi2; Lake shore from I'm 70 i. S III
from AZ to i5S Louisville and Nashville from - =
70 4gls Inion Poetic st from ron ly . ch
cago and St Louis from l5i2 to lspi!; W apdSh
preferred from Is to l6. and Western Union lee-
rraph from S5M TO 6SsTs6i2. -.
The final prices Were generally Of from me nSn
ne less strong and confident. There was a gen
eral expectation that London would respond 10 the
favorable news from Washington. and large pur-
chases for foreign account are looked Tor fuInoi ;
that the adoption Of absolute repeal OF the Sllver
torrchese law would be followed by postpone
ment of legislation on the tariff contributed 10 the
sanguine temper of speculation
How would You like to have q thief con-
duct your businessf You would not ike II
. hit Then register on Friday md after
ward vote the right way ana thie1 VIII ~"
I'll, IN conduct the business of the hfEhes
court Of the State. II you don't register "no
vote he may.