The evening world., 1893-11-22
H|GHER PRICES PREVAIL.
Quotations from London Help the
Bull Movement.
General Electric Takes Tumble
Near tho Close.

The stock market continues to dis
play remarkable frmncss in view Of the
uncertainty In regard to the taariff,
the light volume of business in trade
circles and the pessimistic utteranCes
~ Western railway officials now In
this city.
Certain operators combined recently
for turn Oh the bull side and have
been very successful In forcing a latent
short interest OF considerable proper
tiorS to cover.
At the start this morning Sugar ran
off rapidly 3-S per cent, to % 3-S. The
bulls were not Mt all dismayed by this
move, and carried up the remainder of
the list to the best figures reached for a
week or more. Even Sugar got back to
96 3-i
They were assisted by the receipt Of
higher quotations from London and by
foreign orders to buy. Chicago. Phila-
delphia AMI Boston also bought fair
amounts of the leading shares.
Delaware & Hudson rose / 3-s. to 1886:
Manhattan /, to 1928; Northwest |. to loo;
Chicago & Eastern Illinois preferred
! IA, to 80 ~; Distillers 5,s, to 81: Bur;
lington u Quincy "a. TO SO "a: st. Paul
"a. to 10 3-S; New England !. to 20 IS:
Northern Pacifc preferred 5-S, y q SIS;
Union pa,itic. |. to 10 6-s and Western
lower r't,i' at 2l, but later Jumped to "a,
General Electric; declined !. to SS IL.
an A o Mr. 6akes as es resesr has
of directors of the northern Pacihc
Railroad. 1t is proposed to till his place
with Brayton Ives. the President of the
| COMPANY.
Later in the day the market was put
to a severe test by n sudden break in
unfavorable rumors in regard to the
finances of the concern. and 1t stood 1t
/ very we'll
The bulls held tight grip on the mar
A prominent bear was credited with COW
erins up about 90 900 shares Of shorts.
The buyers of stocks for the long ac-
count claim that they fear nothing from
tariff revision, and that as soon as the
proposed changes are made public gen
eral trade will experience a quick re-
vival.
The Atchison system earned s9s9,54o for
the second week of November. dc
crease Of &3,752 as compared with l@?
The statement Of the Lake L s,S shore 70,
earnings of s6o64579. an increase ot
s437324; operating expenses. S301.i3i, ar
increase Of 1895, ,So3; net, N.76a, li5,, an in in
an increase of a2,63i; fixed charges
81 los. $50. "A decrease of $Ss7, and surplus
s773,l45. an increase of S3.52l.
Money continued easy at | 1-2 pei
cent. on call. The Sub-Treasury wa!
debtor at the Clearing House in the sun
of ,706, and settled in gold.
Foreign exchange was a shade easier
owing to increased offerings of bill.
against securities purchased for Euro
pean account The demand for remit
tances continues fair
Stocks We're strong and on the ad
vance until near the close, when Gen
eral Electric broke to 2h l-2. a reaction
Of IA to 3-S per cent followed in th'
ger cral list in sympathy, but the pres
sure to sell was by no means heavy.
said that the Company would not III
able tc meet its December interest. an,
that the January dividend on the pre-
ferred would not he paid.
s. far as the interest is concerned, tn
money necessary to meet Il is in hank
The amount required to meet the Janu
ary dividend Is not large. and accord
ing to semi-official advices, will be OF
hand when due.
investment today by financial institu
tions and capitalists who are unable L
find profitable employment for their sur
plus funds in the loan market Money
lent freely at per cent. for four month.
and 2 l-2 for six months on mixed col
laterals.
Delaware G. Hudson was noticeahlN
strong. 1t Is said that the Company vii
retire the A,S29OO PENNSYLVANIA Divi
sion Is maturing Oct. l, 1894, with a new
issue OF stock
The sales of stocks were sol 200 shares
In the unlisted department 72.4O0 shares
of Sugar and i03 Lead were traded in