The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-20
BULLS STILL IN CONTROL.
Lower Prices in London Fail to
Depress the Market.
Sugar Jumps Two Points, and . Rise
Follows . Reaction.

The bullish feeling was In the ascenjan
at the Stock Exchange again to-day, and
the dealings were exceedingly lively at
intervals. Early reports from London
gave quotations for American securities
below the parity Of our closing on Satur-
day, but the losses we're small. and there
was more than a suspicion that the de-
cline had been manipulated from this
side.
Nevertheless the bears made a vigor-
GUS attempt to use this against the mar
ket here, and almost Immediately after
the opening they pounded everything on
the list. They had to put out some big
short lines to accomplish very little, and
1t was not long before they found that
their opponents had by far the best Of
Sugar first bounded up q to liz s-s, and
after reacting to Ill 1-2 rose to lip S-S
again.
Rock Island IS, to IS l.2; Distiliers 81
to %; Michigan Central I to 50; Lead s-S.
Plate f.s. t to 49, Laclede '' Gas a. 'N to
Is "a; Texas Pacific IL, to 10 7-S: Toledo,
Ann Arbor and North Michigan a. to
I; Wisconsin Central IA, to 1-2: New
=. England q s-s' to Is b-s' and Omaha S-S'
Later on Burlington a Quincy declined
"a; to ~ IA; st. Paul 5-S, to "a IA; DIS
Vile & Nashville "a, to 81 IA. and Union
Nstionai starch Sec, second pSeferrsd
Jumped lo' to S5;SatiOGal Starch com com
Later the whole market became strong
and advanced to about the top figures.
To- 49,, aIx. Nk
interest is still heavy, and until the bears
cover 1t Is doubtful whether the market
Will be permitted to react much. The
bullish sentiment Is very pronounced be,
cause Ii Is thought railroad earnings Will
steadily improve, and that the settlement
Of the tariff controversy will lead to
marked revival Of general trade and
new era Of prosperity for the country at
At any rate capitalists are a good deal
more confident and considerable amounts
Of money are being invested In bonds
and the better class of stocks.
A Peoria despatch says: THE Dis
tillers Company has made arrangements
to pay taxes through the German. Amer,
lean National Bank NIX o OF od pe9ria eo %d
out OF bond. At Peoria and at Pekin
there are full 10000 barrels stored. on
which the tax will be in the neighbor-
hood of a9 All the St rq Paul f0 snd
Cincinnati, but little had been taken
out up to Friday night at Nebraska
City or Peoria. At Pelsin the anti
Trust houses had taken out goods on
which the taxes were $3.50, 0O0."
Money per cent. ON call and per
cent for four to seven months.
Foreign exchange is dull and steady,
with actual business at 4.S5 IA 4.S 3-4
for bankers 60-day sterling bills ana
4S6 IA a 1855 ga for demand.
Bar silver in London rose to 2S 7-l6d.
per ounce. The continued upward move
ment in the white metal Is attributed to
purchases in anticipation Of Chinese
loan. Commercial bar here advanced TO
GA and Mexican dollars to 81 Is.
The Sub-Treasury is creditor To-Day
at the Clearinghouse for N.07S.OOo. This
is due to the large transfers from depos-
itary banks on account OF Internal rev.
enue payments.
While the stock market was less &C,
tive, it's 1trength was undiminished, and
some shares sold at the highest figures
fnent rising to n 1-2. A number of the
iow-priced stocks were also In good re-
quest and the tendency was toward
better prices.
In a few instances where the rise was
most pronounced last week there were
realizations and moderate reactions oc-
cNrred. The Louisville g. Nashville
earnings for the second weed OF August
were 1911 .4S5, an increase OF Sl5, zoo, and
of the Missouri, Kansas & Texas. sl73-
239, an increase of SIG, $50.
1t Is such items OF news as these that
are creating a more bulush feeling on
securities and are forcing the bears to
retreat