The evening world., 1894-04-26
SHARP RISE IN MANHATTAN.
Favorable News from Washington
Sends Sugar Ur.
The Market Firm, but the Volume of
Business Is Small.

The effect on Wall street OF the leg
slation on the Rapid Transit bill at
Albany yesterday was evident soon
after the Stock Exchange opened this
morning, when Manhattan displayed up
ward tendencies. The price jumped in
the early trading 2 3-S to III 3-s.
The bulls on Sugar brought their
favorite to the front this morning, and
on large transactions the stock ad-
vanced "a to 80 rs. The wormsers
were the heaviest buyers. but there was
also brisk demand from the shorts
on news from Washington that the
Sugar Trust VIII obtain concessions
| from the Senate Finance Committee.
The rise in Sugar started prices up In
all directions. but the volume OF bust
ness was small. American Tobacco ad-
vanced l, to s. l-2, Chicago Gas IA to
to 93-4; Wheeling & Lake Erie pref 1.
to 50, and Distiliers ga, to Is 3-S.
Chicago Gas was weak for spell
and ran OF from "a Is to 50 Ia.
Gen. Fitzgerald will succeed J. Ed
ward Simmons as Chairman Of the Read
ing General Bondholders' Mortsage Com
mittee. Nj. simmons VIII continue as
II is stated that the Olyphant- Wander,
bilt party in Delaware * Hudson Will
propose the names of II. Walter Webb.
Third Vice President OF the. New York
able Life Assurance and II. g. Young,
Second Nice-President of the Delaware
some, OF the directors who have OPP
posed Mr.. olyphant Further changes In
the ticket are expected.
The Louisville & Nashville brought suit
against the Illinois Central Railroad to
compel the performance of the contract
In the purchase of the Chesapeake, Ohio
a southwestern. which was bought In
is Sis 6COooo involved in the suit.
1t is alleged by the complainant that
the Illinois Central has violated the
securities. and the. courts are asked
to make a judicial construction and
The Bank Of England rate of discount
proportion OF the reserve to liability !.
% per cent. against 632t per cent. las!
week The bullion IN s The bank Increased
Hoskier, Wood Co. have LOO. o0
steamship Sesurauca, from Vera Cruz
u BUSINESS Sns at "t the e STOCK + EXCHANGE G
dwindled to very small proportions. and
Board bs an
well maintained. The bears were un
able to force out long stock.
The statement OF the Broadway ant
&c March /. 1894. showed total liabllitie
OF sl2 1881. against which the roadbe'
r se estate and other rS Sad
ings and fixtures. 81, 4O2, 6l6. The Com
pany now has s9.65O,OOO of bonds out
standing, OF which 100000 are ahead o
on last years operations was ss47,62l
The total authorized issue of the con
solidated bonds Is sl2,5oO.0Oo.
Exchange MSneg ru Res fTm at q as7 fi s'f
for bankers long sterling. and 4ss Ia
ass "a for demand. The transaction
: were small and the market presente
gold for export are reported: and tn
bankers are still undecided about ship
!. ments bv Saturdays steamers.
= At the Stock Exchange 80, 900 ounces G
silver sold Mt GA Bar silver in Londo
fell to % 5-16d per ounce. Commerce.
e bar here declined to "a and Mexican dol
. The stockholders of the Texas & Ne,
Orleans Railway. AT a meeting In Hous
ton. Tex, elected the following direc
!, Of New York; j. Kruttschmitt, z. W
Cave, f, 7. Hin and w. G. Van Week
D of Houston.
5 For the third week of April the Louis
s65. decrease OF 81. 76s: and from Jul
= !. 1892. to date sl5.569, 800. a decrease o
q So eco 795.
Sugar continued the conspicuous fea
; ture OF speculation until around do
: livery hour the stock crossing par unde
a brisk buying movement for both tn
. long and short accounts. After the tim
mentioned the whole list eased of ur
der the leadership of the Changers. BIT
no marked declines occurred.
The bears continued TO lay stress O
the Coxey movement. but seem urabl
to create any scare outside OF the
, own limited circle. Louisville & Nasf
features, the former on the falling o
in the earnings Of the road.
The sales of stocks were 10000 share
;, In the unlisted department $500 SHARE
y of Sugar and $3.50 Lead were traded in.