The evening world., 1893-11-20
D|sT|LlERs STOPS A RISE.
Unfavorable Rumors Used with
Good Effect by Bears.
Strike News Has No Effect on the
Stock Market.


extend to other lines failed to exert the
slightest influence on the markets for
securities this morning.
There was no pressure to sell from
any quarter. and. while the volume OF
business was by no means large, prices
crept UP steadily until they showed
gains of IA to l-2 per cent on the clos
ing figures OF Saturday.
General Electric moved up ! l-o. to Il;
Sugar, IL to ~ SIS; Chicago Gas, 5-s
TO g. 7-s: st. Paul "a to "a is; Burling-
ton & Quincy, 3-4 to 70 5-S: Lake Shore,
l-2 TO 1928 l-2. and Western Union. l-2 to
81 is. Subsequently Distillers dropped
from 80 IA to % Ia Reading fell off SIS
to IL 3-4. and after rising to 20 l-2,
drowned to 10 IL.
There was little Philadelphia selling
on the Lehigh Valley. difficulty and on
advices OF n break of over > points In
Lehigh Valley stock In that city.
The dealings, continue to be confined
The only inquiry from outside investors
Is for first-class bonds. some OF which
can be had at pretty low figures. Out
tie in the way of news this morning to
affect prices either way.
Posted rates of sterling exchange were
reduced TO 4.S3 1-2 for bankers long and
4.s6 for sight drafts.
The upward movement in stocks was
checed by the sudden break In Distillers
s to e oaa% II app%ears that an old pool in the
were led to believe from the advices
from Washington that the advance in
the tax on whiskey would be compare
lively light.
The reaction in the general list was
equal to IA a l IA per cent, but at the
lower range the bulls gave support to
The main trouble the advocates of
higher prices have to contend with Is tn q
absence OF the outside public. The Tact
that railroad earnings. are below those
traders on the bear tack.
The earnings OF the Louisville & Nash
Vile for the second week Of November
Money was very easy at IL per
cent. on cali. The banks. and trust COM
panies; are unable TO place their surplus
looking around for first-class bonds pay
ing and per cent. per annum on the
amount of money invested.
Foreign exchange opened weak; but
the decline led to moderate purchases
and these impaired a firmer tone to the
market.
Rankers so-day bills are quoted at
ara ar cshles a, ISs Il Ass -
The Sub-Treasury had a debit balance
at the Clearing. House to-day OF 1890, ,ooo'
which was HQuldated In gold.
The statement of the New York 4 New
England road for the quarter ended Sept:
80, shows a surplus after paying fixed
charges. Of sl6,2si, against .l12,24s for the
corresponding period .ast year.
At a special meeting OF the Edison IL
issue an additional sl,75oooo per cent;
bonds under the old authority dated
81 900 shares. The proceeds OF the bonds
will be used entirely for constructions A
syndicate has already purchased $1,000
option @ Sr 'ne one the remainder % a., the
ed ed"f debt is is now w s,5S: ,ooc.: including the
81, 900. 900 already placed.
afternoon trading. The bulls found a
lack of support and started In 10 sell, a
fact that was taken advantage OF by
the bears TO depress the list.
The most important net declines for
the day were In General Electric. Sugar
Distillers and National Coriage. which
lost 81 to per cent ; Masionai SSSsaa,se
been induced by the delay in fling the
supplementary report.
President Mayer, OF the Baltimore q
Ohio. made the following report for the
year at the annual meeting OF the stock
holders to-day
Gross earnings. s26.2II,so7 against s26, e
03i i6S the previous ~ year; net earnings
81. .25i ,sS7 against 81 .s66, 200. and total net
s.. 2iO, ,e66 against s., ,3O4, ,S67. The surplus
after paying dividends was 81. l.bSS.5 5ls
against 81, ,s47, 900 the previous year. The
old Board of Directors was reelected,
Handy Hartman will ship l25 coo
ounces Of silver, and SeiHman & Co,
l55 900 ounces, by the steamship Havel
tomorrow.
The sales Of stock were l2S,2oi shares
In the unlisted department &,Ill shares
OF Sugar and $50 Lead were traded in.
The following firms will ship silver
on the steamship Havel, sailing to-mor-
row: Nesslage, Colgate & Co, S0,0n
ounces: Hoskier. Wood II CO., 10000
ounces; Heidslbach, lckefheimer & Co,
Al nO0 ounces