The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-29
BULLS HELPING THE BEARS.
Letting Stocks Go Down as a Pre-
liminary to a Big Boom,
Sugar Takes q Tumble and Other
Stocks Go Down.

The stock market this morning set
tied into regular hum-drum affair, and
traders generally regarded the situation
with a good deal OF disgust Quotations
from London came higher. but they had
only q momentary influence on specula-
ton here, the bearish feeling being In
the ascendant Shrewd observers of the
market, however. claim that the bulls
themselves are assisting the reaction in
order to encourage IA fresh short inter
est, preliminary to another upward
movement.
apparently afraid to short" 1t heavily
around current quotations.
The stock market continued weak up
to a late hour, and under selling for
| both the long and short accounts still
lower prices were touched. A good
many weak holders were shaken out
and their stocks taken by operators who
unloaded yesterday and early this morn
ing. The latter have made a very neat
turn" and are now In a position to
bid prices UP again when they consider
the short interest big enough to make
1t worth their while to take flyer on
the long side.
Sugar sold Off to 1o7 3-S drop OF
3 5-S from last nights closing. General
Electric fell IS, and the remainder of
the list IL to per cent; Near the
and General Electric to 40 Ia. The. tone
generally was ii.mer
American Tobacco 'so fell IS e. ioi a.
1906 l-2; lock Island "a, to 81 "a: Man
haitian 81, to 1ls 1-2; Missouri Pacific
I, to % "a; Lead 1-2. to .. rs; Omaha
to Is l-2;- American Cotton iOl 3-t, to
y 3 81 and Richmond Terminal 3-S. to
Il c S,S; sou,r.rr ros. ?. 70 5sa.
81 rs%i - 70 8 Is; i.ep,syIile S q
preferred 3-s. to 10 IS
President Ingalls,. of the Big Four,
road. viii succeed the late John Newall
as Presiden' Of the Lake Shore.
The Chicago & Eastern Illinois Rail
ma; the regular
the preferred stock, payable Oct. 1.
vi, IN view Of the expected return Of Mr.
Walker wa the rsSeiycT Of the Atch,
Of Mr., Reinhart, and the return
Of Mr.. Little, both OF whom are ex-
pected here on Monday next, the Gen;
probably hold a meeting on Wednesday
or Thursday Of next week to take up
the plan Of reorganization, the consider
s5Dn Ct whsh Mas deferred pending the
meeting will be had. Mr. walker viii
arrive on the steamer due here Sept 1.
-Four nl road earned s2s5.s49, a decrease of
!s,s9s; Louisville, st. Louis & Texas
S:s1s; d .acr of s1.57o, and Southern
Halfway $2s5, lG an increase OF $26 625.
For July the Big -Four road reports
gross earnings of S92l, 1852, n decrease of
,2sy $50: expenses Ssi6,s9. decrease of
si45a4a. Vi
The steamship city Of Washington
ar " TO-DAY from Cuba bsingins SOL
Lazard Irreres.
, bars.
Money Is easy at ! per cent. on call
With the supply offering largely in excess
Foreign, exchange quiet and steady at
t% IL a $50 for bankers 6O-day sterling
bills and 4.s6 l-2 4s6 "a for demand.
per ounce. Commercial bar here ad-
yanced to 6S and Mexican dollars to
The Mercantile Safe Deposit Company
reports silver on hand l74.720 ounces
and certificates outstanding IA an
, Increase of 20,0oO ounces over the amount
Whlch II mas held for a very long time
past.
The, Canadian Pacific statement for
July shows net earnings OF s475, 26S. a
decrease of :2l5,669, and for seven
months 81 76o,4 99. a decrease of 1899, 7oa
| Muller. SChall & Co. will ship q, 900
ounces Of silver, and ]. & w. Seligm,n
N Co. $1,000 Mexican dollars on the
| row.
The Northwest directors met to-day
and declared the regular quarterly di"i-
dend on the preferred OF 1 "a per cent,
payable Oct. 6.
At public action to-day, s.. 900 Seaside
and BROOKLYN Bridge Elevated Railroad
Company, first mortgage. per cent.
bonds, due 1882. sold al 70: 5000 Cieve-
land and Canton Railroad Company
$3.50 New York Cab Company per
cent: bonds at Is: sixty shares Thomas
y Wyiie Lithographing Company at 50;
Loco, loco Kentucky Union Land Company,
ferred at $50 for the lot: and 2is do.
guaranteed preference at 500 for the lot.
The sales of listed stocks were lis, 500
shares In the unlisted department
5000 shares OF Sugar and 1900 Lead