Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-09-18
IN WALL STREET.
Prices Open Lower Despite Satur
days Bank Statement.

days Bank Statement.
Special Dispatch to The Evening Star.
NEW YORK, Sept 18.-Nothing OF suf-
ficient importance was developed in today's
market to change the character of specu-
lation or to increase the volume of business.
The largest operators are inclined to attack
prices and restore the bear prestige, but
hesitate because Of the uncertainty of what
is likely to take place in Washington. In
vestors are willing and anxious to buy, but
hesitate for the same reason.
Trading under these circumstances is
naturally confined to the ROOM and is be-
casional shaking out Of some long stock
lends an air Of legitimacy to the proceed
iEgs.
London was dull and lower, with no i'm
portant orders on this side. Foreigners still
cling to the belief that silver legislation Of
the right sort is by no means assured, and
prefer to keep their money at home until
the signs change.
In spite of the good bank statement last
week initial prices on this side were from
IA 10 per cent below closing figures, and
declined still further during the morning.
The industrials continue the most attract
I've to spectators and monopolize most Of
the trading. Sugar sold down per cent, to
s. 1-2. General Electric holds well in the
neighborhoOd of AZ, fluctuations today being
within half point of that price. Chicago
Hdo SOiu uOWu 10 81 S-6, ana lmneQlat6ly re-
covered per cent, to So 3-8
In the regular list Louisville and Nashville
made a gain of IL per cent, to S. IL. St
Paul advanced Ia. to 81, and Atchison lost
!, to Is.
The clearing house loan committee can
celed s150,oOO additional certificates today.
ana indications point to the early retire
ment of considerable block of these obli-
cations.
The daily statement of clearances shows
exchanges $6O,S3l .0y; balances, 4.559,5H
and the subtreasury debit balance, $l,0S5.S1
st. PauPs report Of earnings for the Sec
Ond week this month shows a decrease Of
$4,000. but as usual of late. the announce
ment had no effect on the price Of the
market.
Money continues to find its way back to
New York in considerable quantities. but
borrowers are not plenty as they were
and interest accounts profit little by the
replenished stock of currency. Commission
houses are carrying a very limited amount
of stock, and consequently do not need
much money in the present apathetic state
of speculation. and individuals are afraid
to trifie with commodity that has recent
ly proved SO tickle
unless something favorable occurs very
soon to bring it into speculative channels.
Brown Bros. advanced sterling rates to
4S3 1-2 and 4S6 L.
The last hour was characterized by no
special feature and the volume Of business
dwihdled almost to the minimum. with
prices slightly in advance Of the opening
The London Market.
Special Cable Dispatch to The Evening Star.
LONDON. Sept. 1S.-One hundred and four
thousand sovereigns were received by the
Bank Of England today, chiefly from Aus
tralia Bar gold was in fair demand for
Germany at II shillings. 9 I-2 pence per
ounce. Silver was up to "a 3-S pence Both
paper was IS pence and weak. The stock
markets were very dull. considering the ap-
proach of autumn. Leading financiers ex-
pect no movement till Christmas. The In
dia council Is quietly issuing fourteen hun.
dred thousand sterling of IA per cent de-
benture for the purpose Of providing funds
here instead Of forcing the weekly drafts
on the market below the minimum The
| issue Is not well received