The daily morning journal and courier., 1894-08-28
Etua uclal.
Railway stoshs showed Greater strength
 Than for so,ns Time,

Railway etocks showed Greater stfensth Than for so,as Time.
 New York. Aug. a7,-Railway stocks
 showed greater strength to-day than al any time since the current upward movement was inausurated. Foreign operators were prominent in St. Paul.
 Louisville and Nashville and other in. ternationsl favorites. In fact their pur. ehases of Louisville and Nashville put that stock up to 56 and over to-day. The strength of the general market in the first place Is due to the short Inter. est which Ia endeavorns to cover. and in the second place to the improvement In railway earnings To-day ten roads reported their receipts for the third week in August, and eight out of the ten showed gains ranging from s2422s in the case of the Flint and Pere Mar quette, tos+s.2t5 in Louisville and Nash vile. The July statement of the St. Paul showed loss In net of s35s. .164, but as the American Railway union strike occurred in the month named the loss was not considered serious.
 Probably the best feature of the market from the bull point of view was the indifference displayed 10 the sensa- tional movements in Distillers and American Sugar. the market having refused to be influenced by the wild fluctuations in these issues. Distillers at the start sold at 2lQ22A for 4.000 shares. against 2oh at the close on Saturday. The bulge was due to a rumor that the company had obtained the 35.00o, GOO necessary to take it's prod uct out of bond. and thus get the ad- vantage of the increased tax levied on spirits. No rise led to liquidations, and reaction to 19% ensued. An ad- vance In spirits by the American Dis tillins company to sl.3sls, the highest in years. then strengthened the certif- cates, which rose to 2oN.
 After midday rumor gained curren- cy that the local syndicate which was to advance the money to the trust had owing to the refusal of the who were carrying on the negotiations to indorse the paper re- luired in their individual capacity, and oh this the stock dropped to 1872. Sub Russell Sage partly confirm ed this. and the opinion generally ob- lained that the deal so far as local capitalists are concerned, has fallen through. This Is corroborated by the sact that the sub-treasurer here did not receive any important sums of money from the trusts agents up to the Close. Furthermore, at no time during he day were the government officials advised that they might expect heavy shipments from that source. The stock allied to 19A at the slose, which is a leclie of 7s per cent. for the day.Amer- can Sugar advanced < to 114, broke to lOR, rallied to 113 and closed at 112h. against 113A on Saturday. The early break was the" result of liquidations or an interest which has been partly responsible for the last ten points rise. The company has raised the price of re- med b per cent. per pound. Raws have llso advanced as much. American To- 'acco ranged between 1o3 and 1o7, and eft off at 1o4. Laclede Gas preferred jumped ,2A 'to TX Speculation closedl 'trong, and h ton1B per cent. higher for he railway, issues
 The bond market was strong. The ales were q, ,sO2, ,ooo. ,a :. Following are the closing prieAs re- orted by Prince & Whitely, bankers nd brokers. 46 Broadway New York. nd 16 Center street. New Haven: I
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