The evening world., 1894-08-10
MARKET STILL on THE RISE.
Tariff DELAY and Drought Failed
to Weaken Prices.
Bulls Seem to he Stealing . March
on the Bears.

To the surprise Of bulls and bears
alike, the stock market continues to
move up despite the delay in Washing
ton over the tariff and the continued
reports OF damage to the corn crop by
the drought
The rise in STOCKS Is TO be attributed
largely to "A change Of sentiment. Ger
tain operators seem to have concluded
that the dulness had lasted long enough.
and that 1t Is time TO a change.
They believe that the tariff must be
determined speedily whether the bill as
It is finally passed suits the sugar peo-
pie or not, and that this cause of un-
certainty once removed business viii
take a start in all sec lions OF the
country.
ON this theory stocks have been quietly
picked up and prices advanced gradually
so that the shorts should not take alarm
and cover UP at the present range OF
There is plenty OF evidence that the
bears are nervous and may not be able
to get in their contracts except at a
material loss.
The small loss In the earnings OF the
st. Paul for the FIRST week of August
helped the market ,his morning. As
London prices came over the interna-
Louisville fell SIS to 81 3-s; Rock Island,
5-s to 637-s, and 81. Paul, IA to " l-s
Is to 50; American Sugar, to io6 -;
Big Foar. SIS to 81 1-2; Missouri Pacific
~ to q rs; New York Central. "a to
% So Heading Is to is 49, 10 Pn ana Wss ST.
ern Union. 3-S to IS H.
The gross earnings of the st. PsNl
road for the first week OF August were
s5i4, 333, q decrease of $780, 100.
The Chicago & Northwestern reports
for the year ending May 81 an increase
in net earnings of 1861, $50; surplus,
800, sis, "a decrease OF s472, lss: .,, ,.,
The imports of dry-goods at the port
of New York for the week were sl,SS;
439, and the amount marketed 81 5is' "a
For the corresponding week of 1898 the
MARKETED mRGr.s T ssel7 s'''0''' anu 'e "o'
Money easy at per cent. OH call; There
Is a good deal of foreign money in the mar
kct ut per cent. for four months, WITH
Foreign exchange q shade tirmer, wiz VIZ
actual business at 4.S6 3-4 4.S for bank
ers' 6O.day bills and i.S 81 4.sS for de
mand.
Commercial bar silver g S.4 and Msx d
is unchanged at % 1850. pei, ounce.
Stocks reacted slightly under sales L
able to bring about any serious De
clines. Dlstillers was an exception, sell
ing down l to l77-s on rumors iron
w IOH hDOut uSei'h
Congress- with regard to the tax on dis
titled spirits.
The Court has directed the receivers
of the Peoria, Decatur & Evansville Il
pay the Interest on the first mortgas
6 per cent. bonds.
The Journeay & Burnham Compan!
has declared a dividend of 2 per cent
on the common stock. payable sept.
A dividend of per cent. was also de
clared on the preferred, payable Oct. ]
The stock market ruled very qute
towards the close. The spec al feature
were Sugar and Lead. which advanced
to 1906 l-2 and 42 as respectively on re
ports from Washington that there VII
be no tariff legislation and that the oil
duties will accordingly stand,
} The general LIST was little easier
notably louisville & Nashville. whic
declined to 507-S =,
The sales OF listed stocks were SN
shares. In the unlisted department 1870
shares OF Sugar and $500 Lead wer
traded In
handy & Hartman will ship eO,ot
ounces Of silver: J. & w. Seligman
? Co.. .275,O00 ounces; Heidelbach. lcke
heimer q Co., 10000; Muller, Ichael I
Co. 5000 Message, Colgate 4 Co
,, and Zimmerman & F'orshay, 10000 Mex
can dollars. by the steamship Auranit
which sails for Europe tomorrow.