The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-07-12
PULLMAN STOCK WAS H|GHER.
But 1t Reacted a Point Along
About Noon.
Prices H Rule Weakened h,
Strike Rumors.


huence on stocks at the opening. and
prices declined is to IL per cent, in
consequence. London was a moderate
seller, but there WAS no pressure to
speak of, operators having no desire Il
run the risk of being caught with "A big
line of short contracts in case the al
legged difficulties should be patched up.
American Sugar was weakened by the
decision of the Massachusetts supreme
Court. cnjoining he Company from car
rying OH its business in that state until
it files its reports according TO law.
Stop orders were reached on the way
down from 80 tC n, and no support was
accorded the stock. The other indus
trials were steady, except General Elcc-
trio.
st. Paul declined -. 10 50 Ia; Ameri-
can Tobacco -, to IS Ia. Louisville and
! Nashville l-2, to ~ IL: Burlington and
Quincy SO, 20 a IL: Chicago Gas. - TO
a 3-S; Distllers -, to . "a. Lead SIS. to
81 "a; and New York Central 3-S, to
So Us. Pullman rose l. to l59: Denver and
Rio Grande pref is to % 5-s. and United
States Leather pref. "a, to 81 IL.
Receiver Welsh, of the Reading, is
quoted as saying that this is poor
time TO talk of reorganizinG. What the
Reading requires is to be left alone
until business has resumed its normal
| condition 1t will then he known lust
what ITS earning power is and what il
| requires.
Chicago advices say that there was
only one bid for the entire $3OoJ,0OO i
! per cent drainage bonds. This was
par and accrued interest from July |.
less commission of SlsOoO0 about same
| as lol.H. at which > uer cent. drainage
| II
jected. 1t was by the Illinois Trust and
Savings Bank of Chicago. There was
one bid for $4,000 OF the bonds at 100 II.
| The National Linseed OH officials say
there is nothing in the affairs Of their
Company to in any wise explain the
suicide of Second Nice-Presidcnt Han
| ford
For the first week of July the Mexican
| National road earned 81 $40. "A decrease
| Of 1887.
The stock market drifted into dulness
| about midday. but the undcrtone of
| specula ton was firmer. The strike on
the St Paul road failed to materialze
and this caused a little buying for a
| time.
Business. however, was on very mod
| crate scale, and is being held in check
by the slow work OF the Tariff Confer
ence Committee at Washington. II the
tariff tangle could only be Strengthened
| out, there is no doubt that certain
bull interests would take hold of the
market, as the strike has ceased TO be
|
The general list moved up IL to "a per
cent. after midday. General Electric
leading. Chicago Gas, was inclined to
weakness and recGded to Els; SUGAR
stocks were slightly higher, but very
dull. Pullman reacted from l59 to ljS.
For thu, first week of July the louis
| vile d Nashville road earned set, iDJ.
Il decrease of SIZE go. and the Chesa-
oeake &c Ohio, NI6,2Ga, decrease of
'' Money on call rules easy at 4 per
cent. Tim" loans are at TO 3 per cent.
for short and long dates. Foreign en-
| change is dull and steady at i.Sl Il
49, ~ for bankers siXty-day bills, Ass a
4.SS Ia for demand and ass Ia ASS l.
for cables.
silver in Iondon made further decin Is
the local market sold down to g. u
| Mexican dollars were unchanged at 81
American Sugar was in brisk dcmanC
at one time this afternoon and rose tC
9S J-S. Washington houses were buyers
and The report that the Trust would
receive tn protection on refined sugar
IT "equred. was again revived. Chicago
Gas and General Electric were also IN
better demand. and the last-uamed sole
NJ to - IL, the highest price in weeks
| Near the close sugar reC,dcd 10 % ~ OF
reali2ations. Railway stocks wor" ,du
and firm the grangcrs moving ~ about
- per cent. The supply of stocks offer
Ing at the advance is light. while the
short interest is of large proportions
late in the day. indicate a steady i'm
provement in the railway situation there
In Ma, me, Flint g Perc Marquette
shows deficit Of Sli.S23. aGains; a sur
Plus of Sll,0Si Tor the corresponding pcrioc
las, wear For tho five months endeC
MAY H. 1894. the surplus is Sii,06o, agains
s37GlO in 1879.
For the fourth week Of June tho Eas
Tennessee. Virginia & Georgia TOaC
earned sl2. $50. q decrease of SSiG.1i@ anC
for the month S3i5 PAS "A decrease Of sldl
30l For the first week Of July tn" Rio
Grande Western road earned H9lN, .
decrease of 81 900.
The Louisville & Nashville director:
have decided not 10 declare the semi
annual dividend, due for the six months
ending June 80. 1894. No dividend ha:
been paid since July. 1885,. The ropor
for the fiscal wear ending June 30 SHOW
- surplus of $l,GiI,i3I, against $!0,jj2 II
1872.
The sales of listed stocks were ~ ~
I shares. In the unlisted department "a.
40 shares Of SUGAR and 40 Lead wer,
traded in.