The evening world., 1894-06-07
THE DRIVE IN SUGAR OVER.
Interstate Commerce Law Rumor
Helps the Grangers.
Market Firm and General Trading
Is More Active.

The bulls were again on top this morn
Ing and had larger following than of
late. Sugar took secondary position.
but this was more favorable than other
wise to the general market. Many
traders who have been operating in
Sugar took their profits yesterday and
transferred their interests to other
stocks on the list.
Hence Distillers, Chicago Gas and the
Changers were quite lively, and prices
advanced Ia to | IA per cent. The talk
about a probable amendment to the In
terstate Commerce law, so as to permit
pooling under the rulings OF the Inter-
state Commerce Commission. has in
spired holders of the Western stocks with
fresh courage, and 1t is understood that
new. pools were recently formed in St.
Paul and Missouri Pacific.
nrsf american IN soften SO on rose to % DC
q; Burlington and Quincy: -, TO 70 5-s;
Chicago Gas. "a. to &c: Northwest, 5.S,
to ll0 3-S: Rock Island. l-2 to 81 l-2; Dis
Northern Pacific pref. IA, to l6 "a; Oma-
ha 5-S, to 81 l-2: United States Cordage,
1-2, to q II; st: Paul 3-s, to i6 Is; Louis
sde, VILE and GSashyils to Mis
eTn q z tnion ss as Is prssi sS 81 to 'S and West
Sugar fell 5-S to los 1-2 and rallied
were comparatively light. and there was
an entire abseuce OF excitement.
The Chicago & Eastern Illinois RR
Co.'S recort for 1893 shows gross earn.
expenses. s2lO2.OO0, a decrease of $4,000
net, sl,5o5 900. an increase of $247,0oO, and
surplus. S3o7, 900, an increase OF $4,000
The. Bank OF England rate of discount
- n tr- tF,N n - q Ad q
proportion u the Bank Of England re.
serve to liability is 6s.0S per cent, against
$3.50 per cent last week. The bullion ir
Foreign Exchange is dull and steady
at 4.S7 1-o iS7 IA for bankers 60-day
bills, and 4.S 1-2 4.ss 3-4 for sigh,
The market continued firm with specu.
lation strong, One stock after another
was lifted to a higher level. There were
liberal purchases Of Sugar, Chicago
Ga,S General Electris and most Of ,a the
found IT difiicult to cover except at a
material advance.
Money was easy at per cent. on
call and to per cent. for thirty days
Rar Silver in London declined tc
Is S-sd. per ounce. and commercial bal
The Committee on Stock List rules
that on June 16 dealings in United States
Trust Company certificates Of National
Cordage common and preferred assess
ment paid shall be discontinued
The stock market closed strong In
tone. and in number of instances
prices were at or near the top figures OF
the day. Distillers was an exception
reacting about a point.
The sales of listed stocks were 129. .7Ot
shares. In the unlisted department
39,70 shares Of Sugar and $500 Lead
were traded in.
The Minneapolis and st. Louis Railroad
reports gross earnings for the month of
May of Sl35. $50, a decrease Of $l3055.
The Chicago and Northwestern Rail.
road Company has declared the regular
semi-annual dividend of per cent or
the common and the regular quarterly
dividend of 3-4 per cent. on the pre-.
ferred stock. both payable July 5.
The prelimintry report Of the Chicago
and Northwestern Railroad for the veal
ending May 81, 1894, shows: Gross earn
ings. $3l. .971 1885, against S32 955, i24 for the
previous year: dividends. g. .9O6 624 a Gainst
g. 9OS; ;561; total surplus, AlOSi2. agains
1897. .9O4.