The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-12-26
BEARS IN FULL CONTROL.
Atchison and New England Par
ticularly Weak Stocks.
Jump In Sugar Has Only n Modcr-
ate Effect.

The appointment Of receivers for the
Atchlson. Topeka and Santa Fee road
which was foroshuduwol in "Thc Even
ing World" nearly a week ago, led 70
depressed feeling In stock circles this
morning. The commission houses had
selling orders from various quarters
and the bears. OF course. wcr" active In
their efforts to bring about d"moraliza-
ton.
There were several rallies, but they
only served to stimulate selling for tn"
short account III" prices touched were
tn" lowest for a long time past
Atchison fell "a. to -; burlington
~ quincy :. TO q IA; Northwest 81.
T. 81 "a; rock Island "a. 10 81. Distill-
'rs' | J-s. to q 5-S, New England ii,
to II -. Western I'ni IA B., to 81; ~.
Paul lis. to 81; Chicago Gas /. to 90 "a;
q neral Electric rs. 70 30 -. Louisyiil"
81. to n. ana New YORK Central /. to
" 81
The bears devoted good deal Of at
tention to New England. which They
claimed would soon follow I'm ia" foot
steps OF the AtchisOn. Russell sag"
says.
II firmly believe that the interest viii
he paid on Jan. =. 1t woulI h" very poor
iinnn"iering not to pay tlis interest. !
am IA large holder Of New Enrland stock
and bond, know Mi and sn ,1is IS not i4,"
control has not passed into sranG"
hands. think that the original pro-
| grnmmc viii eventually be- carried out"
ttChiSun IL dropped :" 81 to Ci ~ ana
the IDS to 81.
A Jump in American Sugar Refining
| stock from ~ "a to ~ 5-S. despite re-
ductiun of Is cent in both raw ana re
I - "a A tlt la
tn genctnl market but speculation then
| became extremely dun.
| The bears wef" on the alert and took
prompt measures to prevent the advance
from assuming large proportions In the
| railway list.
The Suh-Treasury had debi, balance
~ the Clearing House to-day of S1Sj, 2OG,
which was liquidatrd In gold.
Money .ent at / - per cent. on
Foreign exchange was weak, owing to
bills sold at iS IL and demand ut
! iS ~.
IIcldolbach. Ickclhclmer 4 Go. will
ship 10000 ounces of silver by the steamer
iller.
The appointment Of receivers for the
| AtChison, revived the story that the
Missouri Pacific will share the same
| fate.
An outsider however. says: 1.-The slula-
tion Of Missouri Pacific Is entirely differ
cnt from that of Atchlson or Union
|
! Pacific is on the account of branch lines,
the bonds OF which are held by insiders
as security for the money advanced. In
other words. the floating debt holders
cannot enforce payment without impair
Ing the value Of their own property"
Mr.. ID. j. Mackey has resigned as
| President and Director of the Evansville
d Terre Iiaute Railroad Company. Vice
| President H. &. Barlow Is now Acting
| President of the Company.
Handy a. llarman Will ship 12i.0OO
ounces and iioskier a Wood 100 $50
ounces of silver to Europe on the steamer
| AdriatiC tomorrow.
There was II sensational drop In New
! England preferred In Boston to-day, the
stock selling for 30 against IL on Satur-
day.
This does not look favorable for the
annual payment OF the interest on the
bonds in january.
Speculation was tame late in the day.
The fluctuations In prices were com
paratively slight.
sugar and Chicago Gas ruled steady to
| firm. while the railways We're rather
heavy and Dlstlllers notlcenby weak.
! This stock sold at ~ J-S. a drop of is
| from Saturdays closing.
The sales OF stocks were 25O9Oi shares.
In the unlisted department 1870 shares
of Sugar and l,9G3 Lead We're traded in.