The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-10
MARKET STILL ON THE RISE.
Tariff Delay and Drought Failed
to Weaken Prices.
Bulls Seem 10 BE Stealing q 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.
Tho rise IL STOCKS Is to be attributed
/ largely TO a change Of sentiment. Ger
! tain operators seem to have concluded
| that the duincss had lasted long enough.
! and that 1t is time TO- change.
They believe that the tariff must be
determined speedily whether the bill as
1t is finally passed suits the sugar peo-
pie or not, and that this cause of un-
certainty once removed business will
take start In all sections of the
country.
on this theory stocks have been quietly
picked up and prices advanced gTadua y
| 80 that the shorts should no; take alarm
and cover up at the present range OF
| quotations
] There il plenty of evidence that the
! bears are nervous ard may not be able
| 10 get in their contracts except at a
material loss.
! St. Paul Tor the first week % August
helped the market his morning. As
! London prices came over the interna-
tionnl stocks yielded fractionally at the
Louisville fell SIS to 81 SIS; Rock Island,
5-S to 81 rs and st. Paul. IA to GU is.
Later. however, General Electric rose
Big Four. 5-s to 81 ~; Missouri Pacific,
10 to q rs; New York Central, 3-i 10
80 5-s: Heading, IS TO Is rs; Pullman, IL
to l57; Union Pacific. So to 10. and West
| ern Union. IS to IS IL.
The gross earnings Of the st, Pau
road for the first week OF August were
s5!4, 3s3, a decrease of $3OloC.
n. .,sar e. nNth IN q larry
in in net earninss Of :ssi $50; surplus
800 s4e, a decrease OF A72 1893.
The imports of dry-goods Mt the por'
OF New York for the week were S1,so3,
i39. and the amount marketed 81 ,5ts, rs
For the corresponding week of 1893 the
imports were sa a5I, and the amount
Money easy at I per cent. OH call; Their
Is a good deal Of foreign money In the mar
ket at per cent. for four months. Will
Foreign exchange u shade frner., witt
actual business at ASS "a 4.S for bank
ers' 60.day bills and 4.S7 3-4 4ss for de
Commercial bar silver 81 "a and Next
can dollars 60 "a. Bar silver in LondoI
is unchanged. at % l3-l6d. per, ounce.
Stocks reacted slightly under sales t
able to bring about any serious de
| clines. Distillers was an exception. sell
7 ing down to II rs on rumors iron
, | W aSnlnRtOn aDOut pTODdUlt dtlioh
Congress with regard to the tax on dis
: titled spirits.
The Court has directed the receiver
OF the Peoria, Decatur & Evansville I
pay the interest on the first mortgag
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 aule
towards the close. The special Feature
were Sugar and Lead, which advance
to lOe 1-2 and Il IS respectively on re
ports from Washington that there WI
he no tariff legislation and that the %!
duties will accordingly stand.
, The general list was Il little easier
r notably Louisville & Nashville. whic
= declined u 81 IS.
The sales OF listed stocks were $40
shares. In the unlisted department 1870
shares Of Sugar and 800 Lead WEI
| traded In
Handy & Hartman will ship 600
ounces OF silver; j, & W. Seligman
e Co., $4,000 ounces: Heidelbach. lcke
heimer q Co.. 1900: Muller. lchael
Co, 25,O09; MesSlage, Colgate 4 Co
>, %, 600 ounces and 5000 Mexican dollar
=, ! and Zimmerman & Forshay. 10000 Mex
: can dollars, by the steamship Aurani'
which sails for Europe tomorrow.