The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-30
THE MARKET IS SLUGGISH.
Bears Hammer Stocks with Great
Success. ,..
Downward Movement Assisted by
Crop Reports.

The movements at the Stock Ex-
change were sluggish this morning and
operators evinced less interest in specu-
| lation than ut any time for "A couple OF
weeks past. The bears, encouraged by
their success yesterday, hammered va
rious stocks. and succeeded in bringing
about further decline of IL 1 3-S per
, cent. The pessim!stic accounts received
from Chicago concerning the crops are
mainly responsible for the reaction.
which has gone further than most
| ira lers looked for.
The falling off in business shows plain
| ~ that the short side OF the market Is
by no means as popular as the long slue
and London were far less important than
on yesterday.
There was n slight change in the TEN.
! per OF speculation around midday, ana
under Lively purchases by the shorts,
the entire list moved up IL to l IL per
cent Louisville d Nashville was the
special feature, and rose from So to % IL
on light offerings. The rise was after
wards checked by another drop In
Sugar, which under offerings of round
| amounts, touched l06 a more contident
feeling prevailed as to railway shares
generally, and the undertone Of specula-
ton was Arm. -
Sugar :assed through some sharp
changes, selling up to lSs l.. and Ss later rtsr
in Louisville was on favorable reports
| In regard to the Companys business and
prospects. London wac free buyer OF
stock.
There was brisk inquiry for bonds,
and the transactions. were on large
scale. The Reading issues were prom
inent. and advanced / a 2 per cent
AmsTiesn roSaeoo,, y. to ios.:o csSsd {,
Saincs to g -; Chicago assi e
si,t; Rock Island l.S: to n, Is 3D.; 81 81
to 50 IA; Kansas q Texas pref. ~, to
%; Missouri Pacific IS. to % 5-S; North
American IL to H.; NSrt5ern Paeif tS
49, IL; Louisville & Nashville S-s, to IS
and Omaha 3-s, to 81 5-s.
For the third week Of August the
s Atsniso N ; ~ sss earned So @ an IN
The Delaware & Hudson Canal Com,
pany has declared a quarterly dividend
Of "a per cent, payable sept. 10: Trans
A general melting Of the stockholders
of the Southern Railway Company VII
at which there will be submitted FOL
their approval proposed mortgage te
the Central Trust Company. trustee, Of
due 1874 With interest tss at
Ing authorization Will also be, asked
of the stockholders to execute a mort
gage on the East tennessee, Nlrginia
& Georgia for $4,000 due 1888, with
interest at 6 per cent, payable In gold
These bonds are to be issue&d In liet
Of the equipment and income bonds
upon which the mortgage has been fore
closed.
The Bank of England rate. of discount
remains unchanged at per cent. Dur
ing the past week the bank gained
s2ss.6S7 on balance. Its proportion Of re
serve to liability. which was 6s.4 PEI
cent. last week, Is now 1908 per cent.
For July the Wabash road reports gros
earnings of $3.50. COL. decrease Of 1881 ls2
expenses, $646, 665, a decrease of S26O. 54s
and net, S116.9 a decrease Of $126.634
Money l per cent. on call Foreig
exchange easier in tone at As IL
4s5 "a for bankers long sterling an
/, iS6 IA ASS 1-2 for sight.
Commercial bar silver sold at Sc l.
and Mexican dollars at So "a. Bar silve
in London rose to 80 7-16d. per ounce.
, The annual meeting Of stockholder
of the Northern Pacific Railroad Com
Z pany will take place on Oct. Is. Trans
: fer books OF the preferred and commo
: stock will close Sept. IA and reopen Oct
The death Of William NJ. Parks wa
a announced to-day at the Stock ES
= change. He became member on Ma
? Is, 1869.
= | shares. In the unlisted department
> o. 600 shares OF Sugar and $500 Lead wer
traded in.