The evening world., 1894-05-15
TRADING At A sTANDST|LL.
Bears Raid the Market and Many
Stocks Weaken.
Many Brokers Drop Business for the
Brooklyn Handicap.

There Is no Improvement to report In
the Wall street situation and business
at the Stock Exchange this morning
was again practically at a standstill.
Sugar yielded a point. selling down TO
l0i l-S, but the trading in 1t was light
and there was an entire absence of
excitement. The stock is being sold by
mail holders. who fear that the Trust
Will ultimately meet with defeat at the
hands of Congress-. National Cordage
fell of "a to % liz. and later recovered.
The other changes during the first
hour or so were is TO l2 per cent. either
way, but a firm tone prevailed.
Many operators left the street at IN
early hour TO attend the Brooklyn
Handicap.
Reading fell 3-s to II is; Louisville.
az to Tl,s, and Western Union, 80 to
!ington d Quincy. Ia to 70 Ia: st. Paul.
IA to So is, n Rock Island, IA to
Morey 1 per cent. en- cali. Foreign ex-
change dun and firm at 4.S7 Ia n l,s7 l-2
for bankers GO-day biils and 4.SS "a a
4.S9 for demand.
, Bar silver In London declined to
here sold at 81 Ia and Mexican Collars
at 81 Ia.
President Greenhut says there IL no
truth in the report that the Distilling
and Cattle Feeding Company has aban-
doned the rebate system. The Company
proposes to improve on the system, he
says. The Gottschalk decision. he con-
tends, has no bearing on the legality
or the rebate voucher system.
The Union Pacific earnings for March
SHOW a decrease In net of t2l4.037 and
those Of the entire system a decrease in
Sales of stocks up to noon were only
5000 shares. A~ the day advanced the
market weakened somewhat under very
light sales. The low-priced shares were
hammered by the traders, but even the
latter. took only a languld interest In
speculation
The statement Of the Nickel Plate
for the quarter ending March 81. 1894.
crease of 1886. $50: net. 1851 54S, a decrease
of s165. 1871 and deficit. OF 1923. 7s6. against
a surplus last year OF S35, 502.
The bears made repeated raids upon
the market during the afternoon. and
met with more success than heretofore
Atchison sold below II on rumors of q
organization Union Pacific was dowr
on the March statement and Missouri
Pacific dropped nearly 3 per cent. or
the probable early departure of George
in Europe.
other weak spots were the Changers
which were weakened by the cutting o
rates out West.
- - N'AiA 'ht't No-Nh III ain
Ing OF the Western rate troubles:
The Missouri Pacific Co. IL In M wa!
responsible for the drop In freight rates
The reduction was first put in effect b,
Atchison and Missouri Pacific only fol
lowed reductions made by other road
which was necessary to protect their Gus
toners and their business. The Missouri
Pacific will restore rates whenever II
competitors viii do so. and Mr.. Hughit
has been SO advised. 1t Is natural Chi
cago interests should attempt to put tn
res oonsibiii,y on the Missouri Pacific. a
1t is a ST. Louis line and the only roa
which IL entirely a st. Louis line, natt
rally Chicago interests will unite solidf
against u.s.
At the annual meeting Of the stool
q, holders OF the American Distribute
Company to-day the old Board Of Dire
tors was reelected. The annual repte
was read AMI adopted. II showed salS
+ OF IS, OO0. 900 gallons for the year, on whit
2 the Company realized \ profit OF abot
= two cents per gallon. IL
tt g sales Of listed stocks were 1872. 2,
! shares. In tine Unlisted Department 26
= 9oD shares OF Sugar and 5000 Lead wer
I traded in.