The evening world., 1894-04-11
STORM AFFECTS WALL STREET
Remarkably Dull Owing to Poor
Telegraphic Service.
Early Reports from London Rather
Favorable.

The dulness at the Stock Exchange
was intensified to-day by the Interrupt
tion to telegraphic communications by
the storm. The fact that early cable
news from London reported quotations
for Americans higher at that centre
tended to strengthen the list. and the
bulls also derived comfort from the Gov
ernment crop report for April. which
was Issued after business hours yester-
day. The latter showed II much better
average condition OF wheat than had
been looked for. In view OF the pcssi-
mistic stories put nfoat during the last
two or three weeks.
American Tobacco rose ! L., to 80:
Delaware d HUDSON l-?,to 40; Lead 3-s.
to ~, and do. pref 7-s. to 50. while Sugar
fell 1-2, to % Ia; Chicago Gas -. to
q rs; St Paul H.. TO "a i-s; M'ssonri
IA, to 81 A; General Electric 3.S. TO
10 is; LouIavile & Nashville as, to 81 IA.
and Western Union IA, to "a 3-4
road earned .r ed s56s,5is, a decrease Of Sl2i,.
ST. Texas Pacific, Sl04, ,OSj, a decrense of
tl2, +2s. Canadian Pacific, &3l ocl. a de
crease Of 3ts.oCo: International 4 Great
and Wheeling 4 Lake Erie. $27.5aO. n
decrease OF s23O6
The net earnings of the Atchison sys-
TEN lot were s'fNtbO-, u lt-
crease OF 1895 as compared with last
year. The loss in gross earnings was
SS2s.l64. but operating expenses were cut
down S7s. .564
Zimmerman & Forshay are advised
by cable from Paris that 100000 francs
gold has been shipped to them in transit
for Cuba.
Edison Electric Illuminating Company
OF New York. has declared "A quarterly
dividend OF l-2 per cent. payable May l.
Money In excessive supply Mt J per
cent. on call and 2 3 per cent. on time,
Foreign exchange firm at 4s7 ia for
bankers 6o-day sterling bills and 4ss p
a ASS "a for sight. The supply of bills
being small II IS expected that gold Will
steamers. bu, thus far no enFagements
are reported. II gold does go 1t Will find
a resting place in Paris, where money
commands better rates than In London
or in Germany.
Commercial bar silver declined to
So SIS. while Mexican dollars rose to
81 L. In London bar silver fell off Is
to 2S 3-4d. per ounce.
eral Electric annual meeting yesterday
was that the most feasible way to cor
rect the impairment of capital stock Is
to reduce the same in the manner pre-
scribed by law. The motion made by
G. II. Coster. OF Drexel, Morgan e. Co..
empowering the Board of Directors to
call a special meeting of the stockhold-
ers for this purpose was construed as
being Indicative OF the ruling sentiment
OF the management. The supposition IL
that as soon as the Company is in posi-
ton to resume dividends the special
meeting authorized will be called.
The Masters report in the Richmond
4 Danville foreclosure suit was pre-
sented to the United States Circuit
Court which convened at baltimore yes
terday. 1t is expected the decree of
foreclosure will be granted to-day or to-
morrow.
While the volume of business In stocks
was exceedingly small the temper of
speculation was bullish, and prices ad-
vnnced right through the list on light
offerings The absence of pressure Of
long stock was taken advantage OF to
secure better figures for both the lead
ing shares and the spcCinlties.
Trading at the Stock Exchange contin-
tinued to move up. The industrials were
most prominent Tobacco rose 31-4 tC
81 "a. Sugar and Lead moved up ! Il
| l2 The railway shares scored moder.
ate gains, and speculation left off strong
There was a brisk inquiry FOR the
Government new % to-day, with sales
up to lis 3-4. 1t Is stated that one lot
OF 81. 900. 900 was taken at private sale.
Handy & Harman win ship 100000
ounces OF silver and Nesslage, Colgate
d co. 10000 ounces on the steamship
| Fuerst bismarck. sailing tomorrow.
The sales OF stocks were 9I,IO0 shares
| In the unlisted department $500 shares
OF Sugar and 5,l00 Lead were traded in.