The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-14
BETTER TIMES HERE.
Stock Speculation Already Shows
. Great Improvement.
Market Opens with a Rise and
Trading Is Very Heavy.
Our Stocks in Demand Abroad and
Brokers Arc Sanguire.

Operators at the Stock Exchange
enjoyed the liveliest opening this morn
Ing they have had for a long time.
The dealings were very heavy, blocks
of thousands of shares changing
hands rapidly amid much excitement.
The fluctuations were in keeping with
the increased activity and prices moved
up and down so >smartly that brokers
had difficulty in executing orders given
"at limit"
All this was the direct result of the
passage Of the Tariff bill by the House
last evening. Tine fact that this disturb
Ing influence is about to be removed is
hailed with greater satisfaction than any
event that has transpired in the finAn-
cial and commercial worlds since the re-
peal Of the Silver Coinage act. and Wall
street is looking forward with hope and
confidence.
1t is expected not only to arouse specu-
lation from its protracted lethargy. but
to stimulate business in all the ramiiica-
lions of trade and to impart renewed
confidence in our securities abroad. The
foreigners have already taken hold
with a vim. and 10 their purchases 10
largely attributable the weakness of
sterling and the cessation of gold ex-
ports.
The chief attractions this morning
were Sugar and Distillers. the dealings
In both OF which were on = scale OF nu-
changes during the first hour can be OBJ
tained from the movements of the shares
named. sugar opened at l09 Ia a lOs IL,
against 100 yesterday and then dropped
to loo ga, rallied TO los IL. reacted to
lW IL and recovered to los. Distillers
sold at 23 "a - a Y IA . IA. The
remainder OF the list improved IA to
! 3-S per cent
AtehIson moved up IS, to 8 Is; Ameri-
can Tobacco IL. to SO; Northwest 5-S. to
LOG; 81. Paul IA, 20 %; Rock Island 81
to &c ~; Lake Shore u.s.. TO lsi u.s.;
haitian LIZ. to lis: Missouri Pacific b-S.
to % SIS: Lead IL. to ~ l-2; New York
Central l-2. to 100 IA; New England "a.
TO l6 "a; North American 5-S, to Is;
folk & Western pref. 81, TO a SIS; Oregon
Improvement IA. TO 10; Reading 3-4. TO
~; Richmond Terminal pref. 81. TO 81;
Omaha IL, to 81; Union Pacific 81 to
Y; Wabash pref; IS. to Is IA: Western
way pref "a, to 80 ~
The rise was assisted by the strength
OF buying orders for the long and short
accounts. After the first half-hour the
excitement subsidized. and Chicago Gas
ran on 81 to q Is: 81. Paul - to
" ~ tNoIh Il " W toh
7-8. TO 70; General Electric "a. 10 - IA.
and Manhattan !, to III.
Wall street this morning evinced more
life than II has for months. The I'M
certainty Is at an end" was the uni
yersal expression from bankers and bus
mess men,, regardless OF party attilia-
tons, and Improvement Will begin in
all branches OF business"
Brokers say that they are receiving
orders from customers whom they have
not seen since the panic OF last Sum
mer. and business on the Consolidated,
as well as the Stock Exchange. was
extremely Lively: The galleries were we're
have orders with brokers on the floor:
On the Consolidated Exchange the
crowd in front of the rail, and In the
corridor outside the main floor. WAS so
great that II was almost impossible to
get through II. At the opening, at 10
o'clock, prices began to go up all along
The sugar people are. II Is said. greatly
elated over the passage OF the bill. but
they all refuse TO talk for publication.
All the Trust people. with the excep:
ton Of II. o. Havemeyer, are out or
the city. and Mr.. Hayemeyer refuses to
wv ASkNsNsC