Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-10-27
FINANCE AND TRADE.
Bulls Combine to Control the Stock
Market.
EVEN HIGHER PRICES ARE EXPECTED
London Believed to Be Buying
American Securities,
GENERAL MARKET REPORTS.
Special Dispatch to The Evening Star.

special Dispatch to The Evening Star
NEW YORK, Oct. N-Today's market
opened strong at an advance ranging from
Ia to per cent and held well throughout
the morning. London opened weak, but
soon rallied for a gain Of 1-s to 1 Der
cent and had some buying orders in our
market. The course Of speculation has be-
come more general and instead of a few
specialties monopolizing the attention of
traders. the entire list Is now moving up-
ward In sympathy with the times. Opera
tors are inclined to work for a reaction and
have adjusted their accounts to suit their
views. Buyers continue to appear whenever
a cheap stock is to be disposed Of and q
reaction at the moment would not be per
mitted to make any dangerous inroads on
the weeks Improvement in values.
The advance In sugar, which acted az an
incentive to the rest Of the list, has sud
denly come to a standstill at figures L.
per cent above those predicted by the party
engineering the advance. This stock, to-
gether with the others comprising what
has come to be known as the industrial
group will proft by the adjournment Of
Congress. Two months. at least, will be
at their disposal in which no fears of ad-
vance legislation need be entertained
The volume Of business declined some
what today but after the spirited advance
Of the last few days it is only natural
that breathing spell should intervene
before another sustained period of activity
sets in. The general character Of the mar
ket Is not affected by reactions, and higher
prices are still confidently predicted.
Sterling exchange was weak at q reduc-
ton to 4S1 l-2a4S2 IL In postsd rates. It
looks as IL London had been q moderate
buyer Of our securities. and would probably
ship US some gold IN payment next week.
Among the more prominent stocks in to-
days market were Louisville and Nashville
which gained / IA per cent to so "a, Mis-
souri, Pacific gained per cent to IS IA.
New England gained per cent to 36 10, ST.
Paul gained Ia to 6 rs. Union Pacific
gained IA to - 81 and Western Union
gained to 81 s-S Chicago Gas regained
yesterdays losses and an additional ! Ia
per cent to IS "a.
The remainder OF the list was strong at
fractional gains Money continued In good
those heretofore quoted, namely, / 1-2 per
cent on call and and for time.
The exchanges at the clearing house ag-
gregated SIS. IN: balances IS, .637. and
the sub-treasury's debt balance, $Sle.0SS.
The loan committee reported the cancel
lation of $40 900 additional certificates and
called $50 900 for retirement on Monday. re-
ducing outstanding total to s1.6oO,ooo.
Prices during the closing hour were frac-
tiorally below the best figures of the p-evi-
Gus hour, and trading less spirited.
Tomorrows bank statement Is expected to
make another good showing. and will prob
lative capital already influencing prices.
The London Market.
Special Cable Dispatch to The Evening Star.
LONDON. Oct. 27.-One hundred and ten
thousand sovereigns were resolved today
from Australia and $1,000 were sent to Hol-
land. The price Of bar gold is unchanged.
The belief is confirmed that the export Of
gold to America will not be large Silver
has given way to 80 Ia with weak buying
for November and 80 pence for rupee pa
per.
The rise in Americans continued until
the close. Louisville was especially buoy
ant and there is q feeling that the i'm
proved tone will spread to all the stock
markets.