The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-10-10
SAGE Says IT'S A BEAR RAID,
He Denies: Rumors of a Union
Pacific Recoivership.
Northern Pacific Receivers. File
Their Report To-Day.

The feature Of trading at the opening
Of the stock market to-day was fur
ther drop Of per cent in Louisville ~
Nashville to i3 3-s, chi"hy on sales fpr
London account. This weakened the
railway list slightly. but otherwise had
no effect. In fact the industridls cut
right away from the rest of the market
and advanced under u sharp demand,
especially Sugar, Dlstillcrs, chicago Gas
and Cotton Oh.
The speculative interest seems to he
concentrated II this Eruup, and Il f."
operators are actively engaged Ia thc
work of manipulating the market iHr
higher prices
Ihcy have the advantage of an abiding
fnith In the ultimate unconditional re
eat of the Sherman law, which induces
moderate buying by tn" trti"fs Nl'n-
nvcr they discern any inside support
Whiskcy was up on tn" reported agree.
mcnt between the trust and the Amer
lean lbistrbuting Company, and Sugar
improved on orders from I'hi!iI"lphn...
'Ihc continued weakness of Louisville
& Nashville creates the impression that
the option on the S,yD,Op new stock win
not be above Al To TINS Is attributed
tn" confident selling 10y the foreigners.
Cable adviCcs from LONDON stat" thn'
rumorS were circulated thur" that the
next dividend VIII be uasscd. The time
for acting upon tn" dividend Is January
next SO the rumors. to say the least, are
premature.
American Sugar rose / as 10 ~ 81 eva
cago Gas - to I'll IS, ll4tlll ~ - to
30 3-S, American cot on IS t. " IS,
American Tobacco l Ia 20 -. HuI y, rth
west rs to 100 RcrainP icli 81 80 ij.S
and Evansville Il Tcrre i,u;e e. to
SO L.
The posted rates for st,"'ing cx"harr,
wore advanced to 49, and ISG
There was considerable pressure to
EEL ,hc low priced rq.lw;1Hys m,rn par,
H isSlny and , "lH ~ w%c yei M'11'4r
a IN per cent. The heavinrss Of these
stocks checked the upward movement
In the genera! list and finally led t. a
morning. Taken altogether the market
held pretty we'll
In regard 10 the low priced stocks
named above the usual batch Of I'M
could nos h" authenticated.
.ackawanna commaaded Lie premium
ana l.ouIsyilic Nashviil" and Union
lent fiat. ana Western Tn,on ami St ST.
Paul at ! per cent for carrying.
The Clearing House Loan Committee
cancelled to-dny Sl,Gs),0w loan certificates,
Total amount outstanding. SO, i2n 600
Additional certificates 10 the amount of
81, .O0o have been called for tomorrow
The Snh-Trcaslrv had a dcbi, balance
At the Clearing, House to-day of $i,OIj,
Money on call Is "nsy at > a , per cent,
and prime morcantl" paper is quoted at
& TO per cent
Foreign exchange was decidedly firm
er. TIL" OFFERINGS af commercial bills
are smaller than OF late, while there l.
some demand to cover maturing sterling
loans. Bankers Gu-day bills sold at
! q "A n iS3 II and demand at 4s,l-2 "A
The Illinois Central makes an cxcep-
tionnlly, good showing for August and
September, having earned net $l.l53.9Si,
an Increase o' S62i,27i. This Is the re
suit of the heavy Worlds Fair traffic
Of which the Illinois Central has had the
lions share.
I'll" members of the Consolidated Ey-
chang" were much pleased to-day by
the receipt of buying orders from san
Francisco for mining stocks of the old
comstock lode.
no means large, but they were sufficient
to civ" III" brokers here an excuse to
bid ~ nriccs
Consolidated Virginia rose from $40,
SlS. These ar" usua ~ the favorites
when there is any stir in the mining
market, some of the other shares i'm
proved II to - cents share
The following is II complete list of the
transactions:
brunswick, 900 Mt .m; Mexican. l5o
a. 20: Hale N Noroross, 100 at IA.
lOH a. 30. Union Consolidated lOO at 10;
Gould 4 Curry. 100 at 30; l.cndvill". 100
ut IL, 800 at .l3: tomstOck. 500 at .0S.
800 at .0s 400 at .0S 200 at ns l.iul at oS
CholIlr. l0l at 80; cob. Il. H. 100 nj O3
.acrossr 300 At .0f; cal & Va, 100, at
The hear, event" for Union Pacific
in lively fashion this afternoon ana
Knocked the stock down t. IL There
were rumors of default hv the com
pany on the interest due Dec. I, and
when 1t became known chat the directors
had held IA meeting II was Immediately
said that some startling announcement
would follow.
directors had transacted nothing but
routine business, and that the stories
about a rrceivrrshin We're unwarrantcl
He characterized the decline as "A bear
raid
The general market sold off near the
close in sympathy with Union Pacific.
Their was a decline in Missouri Pacific
to y "a and in Reading to 1918
Handy ~ Hartman win shin 10000
60. l25.ooo ounces and ':immermnmm \
Fnrshay 5000 ounces on the New York.
sting tomorrow. Hoskier, Wood & 90.
win ship 1900 ounces OF silver on the
Majestic
Money on call continued casv at u
. IL per cent.
The Northern Pacific receivers report
or Interpretations OF the road from Au-
gust 10 to Septembnr /, rs filed in Mil
both took hold the sum OF So ~ was
turned over to them and collections of
revenues earned and outstanding in
creased this amount to S7O2N Receipts
from current onerntionS We're sSN1im.
making tn" total rcCeintS 81 81 ia The
total disbursements were 500 80 lcqv-
| OF s3H7 "a
a special despatch from Philadelphia
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