The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-06
SUGAR STOCK HOLDS FIRM.
Bear Attacks Weaken Burlington
and Other Changers
Trading Light and the Market Rather
Irregular.

The week opened with a comparatively
quiet condition of affai.s at the Stock
Exchange. The fact that the London
Exchange is closed tended to restrict
the operations for foreign account to
exceedingly narrow limits.
In the initial trading drive was made
against the market and prices yielded,
but the movement added to the already
heavy outstanding short interest.
The old story that the corn crop has
been ruined was again revived. and was
the ostensible basis for the hammering
Of the Changers.
American Sugar fell "a to 1o4 81; Bur-
lington & Quincy. rs to Il "a; Chicago
Gas, IL to 10 3-S; Northwest, LIZ to
100 i-2; st. Paul, IS to IS 81; Rock Isl
to Sc Ia; Louisville & Nashville, 10 to
q l-2; Missouri Pacific, l-2 to % 3-4, and
Reading, 3-S to II "a. st. Paul preferred
s sSss Io TO s l., - ia
After 1870 A. ~. the bulls plucked up
courage and brought about a rally, Sugar
rising to lo5 81; Missouri Pacific to 26 L.;
Burlington to 70; Louisville to 4s is, and
so on.
Money easy at ! per cent. on call. For
eign exchange quiet at Saturdays rates,
say l-2 for bankers 6o-day bills and
these figures are shaded little. The
holiday in London tended to make the
market duller than usual
Commercial bar silver declined to So 81
Mexican dollars exchanged at 10 3-4
The stock market was quite and the
movements omewhat irregular. The
flrmness OF Sugar and weakness of Bur-
lington & Quincy were the most note
worthy features. The selling OF the
latter was accompanied by reports that
the next dividend will be at a reduced
rate. owing to the losses sustained by
the strike and the damage to the corn
crops.
Missouri Pacific. and Telegraph were
both firmly held. but AS a rule the fluct-
The United States Circuit Court at
Topeka. Kan, has given the receivers
OF the Atchison Railroad authority to
CO... $4,000 having been issued a few
weeks ago. OF the new issue $4,000 is
to pay employees and other bills. and a
like amount will be expended for taxes
and expenses of terminal facilities.
The receivers of the Northern Pacific
Railroad have filed their report for the
month Of June at Milwaukee, 1t shows:
Total collections. sl,2e7,1ls. balance for
May Was s5ss6l7, making grand total,
u: s66, IS; Total expenditures. 1,2l6, 256,
Of which S251.s54 went to pay liabilities
of the Northern Pacific leased Hines. The
balance taken over to July was $3.50, AS.
an increase of $50. S61. The receivers last
month paid off s2OO,O00 Of the loan made
by the REORGANIZATION committee to take
care VI tne Interest OH tHe nTSt
gage bonds. further payment OF
$500 200 is to be made this month, and
$500, 900 in September.
The Nashville. Chattanooga & st. Louis
Railway Company directors have issued
a circular announcing that In view of
the general depression in business and
loss of revenue, consequent upon the
strikes, they deem 1t advisable not to
The eastbound shipments by the
French liners from Chicago last week
were hIS3 tons, against Il, 255 the pre-
vious week and 1888 for the correspond
Ing week year ago. Lake shipments
last week were 81 ,706 tons, against 80, ass
for the previous week.