The evening world. [volume] (New York, N.Y.) 1887-1931, 1893-12-11
THE WORLD. MONDAY EVENING, DECEMBER IL, lsss
BEARS ATTACK THE 0PEN|NG.
But Later the Stock Market Raj
lied a Trihe.
Additional Shipments of Gold Are
Looked For.

The week in Wall street opened with
depressed markets for securities. The
fact that London quotations came below
the parity OF our closing on Saturday
stimulated the bears to renewed efforts.
and there was a woful lack OF support
from the recognized bull quarters.
Some OF the traders who have per-
sistently chung to their shares are be-
out their lines.
The fact that outside speculation IL
absent, and that uptown people are de-
voting all their time to the adjustment
of their business accounts for the year,
ket
Then. too. railroad earnings are poor
as Is evidenced by the earnings OF the
of December the Company's gross re-
ceipts were 1914, 2sO, a decrease of 1888, $40
as compared with last year.
ments on the tariff question also oper-
ates against the market.
The first attack was made on Ameri.
under a regular flood OF offerings. One
firm alone sold upward of 1900 shares.
Western Union declined is to ~ IA.
Gsie1 Hs;, Gas to g. d haekaw1nna
Lake Shore 1 to 1926, Rock Island rs to
81 "a. St Paul to So 7-S Louisville q
Nashville 3-4 to ~ 7-S and Linseed Oh i
to g. National Lead preferred rose l-2
HeideIbach, Ickeiheimer & Co. will ship
100000 In gold by the steamship Lain
Gov. Brown. of Kentucky, is quoted as
saying that attorneys are preparing a
petition to prevent the consolidation of
the Louisville g. Nashville and Ches.,
soon.
A member Of Flower & Co. said that
the report of the absorption of the CHI
oago & Eastern Illinois was simply re-
He had not heard of any such deal.
Vice President Laying, Of the Big Four,
says there is no foundation to the rumor
The report of the Interstate Commerce
Commission shows that the total railway
mileage on June 30 was ln.5s3 miles, an
we're of TO- sns hs
ating expenses were $3.50, 997, sss, leaving
net earnings OF 1890, 4O9, 3i7, to which add
sl4l $50. 7s2 as income to railways from
After payment OF s4l6, 4O4. ssS as fixed
charges. s91 745 was paid in dividends
and A;3li.Sso in Sther payments, leaving
n surplus of $14.036, 056
Stocks realized about 1-2 to per cent.
later In the day. but the rise induced
ed 3 l-2 to 81 IL on advices, that the
changes In the tariff schedule favorable
to the Company.
London took about 10000 shares of st.
Paul. but this did not rally the price
s. V White sold put on 1000 shares
Of Western Union-2,0OO at SIS 1-2 and
1000 at ss-to Mr.. Well for fifteen days
In regard to the story that the VAN
derbilts are after the Kewannee. Green
Bay and Western Railroad, with the
system. Vic-Presldent NJ. L. Sykes. OF
report.
Mr.. A. A. H. Boissevain. of the Union
Pacific Reorganization Committee, saile1
| for Europe Saturday to present the work
Of the Committee as far as 1t has gone to
the bondholders in Amsterdam. and to re-
ture. He will return early n January
when It is expected that the work of the
Committee will assume more tangible
! FORM
Posted rates of sterling exchange re.
main 4.s5 ~ and 4.ss i-2. The market
is strong with actual business at 4.S2 IL
| q 44 1-2 for bankers 60-day bills, and
4.S a 4.S7 12 for demand.
| 1t is quite probable that additional ex-
ports of gold will be made by this week 3
steamers. but little attention is paid TO
In the bond market.
Rates on call are 1 a ! 1-2 per cent.
and the banks trust companies and 9th
able employment Cor their enormous
stock of surplus funds.
The Sub-Treasury was creditor at the
clearinghouse this morning in the sum
OF $50 063. This is the first time in long
while that the Sub-Treasurv has oc-
cupied this relation to the banks, the bal
ance having been on the other side for
months.
The United States Sub-Treasury
shipped 100000 In notes OF small denom-
nations to New Orleans and San Fran
cisco on Saturday.