The evening world., 1894-08-29
BULLS HELPING THE BEARS.
Letting Stocks Go Down Is a Pre-
limiaary to . Big Boom.
Sugar Takes . Tumble OF Two Points
and Other stocks Go Down.

The stock market this morning set
tied into a regular hum-drum affair, and
traders generally regarded the situation
with good deal Of disgust Quotations
from London came higher, but they had
only a momentary influence on specula-
tion 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 a fresh short inter-
est preliminary to another upward
movement.
The bearish sentiment does not ex-
tend much beyond the room. and any
concerted attempt to advance prices
would probably lead to a rapid covering
of short contracts. The great feature
at the opening was Sugar, which tum-
BLEED 2, to 1909. Arthur White and Doug
las Henry each sold 5000.
Wbiskey ruled firm, and the bears are
apparently afraid to short" It heavily
around current quotations. The Idea Is
that some OF the insiders have been
loaded with the stock and will devise
some way OF getting out a profit. The
speculative managers are 80 fertile In
resources that the street Is always look
ing for surprises from the Chicago end
anyone who touches the stock and loses
will get no sympathy.
American robaeeo fell SIS to Iol a;
e sST,n dss Snsy kor 1G ST ch
Jos 1-2 Rock Island 49, to IS 3-4; Man
haitian "a, to IFS IL; Missouri Pacific
/ to s g. LEAD LEAD L. to 2 10; Omaha
to IS 1-2;, American Cotton iOI "a, to
q g. and Richmond Terminal S-S, to
G, canada Southern rose "a, to g 81;
preferred 3-S. to 10 7-S.
President ingalls,, Of the Big Four,
says that Caldwell, OF the Nickel-Plate
as President of the Lake Shore.
The Chicago & Eastern Illinois Rail-
road Company has declared the regular
quarterly tsGiy dividend Of liz per cent. on
:, In view of the expected return Of Mr..
ns sp asSfss! N he 1 slss:
OF Nh mr. Hnhs Both a and wh taa are return
pected here on Monday next, the Gen:
erai Reorganization Committee will
PROBABLY bold q meeting on Wednesday
the plan Of reorganization, the consider.
alton OF which was deferred pending the
completion Of Mr.. Little's report. 1t IL
expected that full and important
arrive on the steamer due here Sept. 1
For the third week of August the Biz
-Four road earned $2s5, $40, a decrease OF
sss3S; Louisville, st. Louis & Texas
$S,3,s, decrease OF $l,570, and Southern
hallway $2S6. 1877 an increase OF S26 825.
For July. the Big Four road reports
gross earnings OF $921, 5S2, a decrease OF
$2s3,6 $50; expenses. 4sl6.s43, a decrease OF
SlSl, S32; net Slo47l9, a decrease Of sl3l,-
sSs; ape apd deficit si2774s, an Increase OF
The steamship City of Washington
arrived to-day from Cuba. bringing SOL,
900 In gold coin to Muller, Schall & Co
and S340, 900 in French gold coin tc
Lazard Freres.
The Assay Office has received $3.50. OOt
bars.
Money Is easy at per cent. on call
of the demand
Foreign exchange quiet and steady a
4.s5 l-2 486 for bankers 6O-day sterlinl
bills and 4S6 1-2 q 4.S8 8-4 for demand.
Bar silver In London rose to 30 Id
per ounce. Commercial bar here ad
| 81 ga r- ~
The Mercantile Safe Deposit Compan,
reports silver on hand 174.72O ounces
and certificates outstanding ia 900 ar
Increase OF 1900 ounces over the amour,
which II has held for very long tim,
past
The Canadian Pacific statement -,
July shows net earnings OF H75, 98. d
decrease of S2l5,669. and for sever
months s376o.4ss, a decrease of $9s9, 7OS