The evening world., 1894-08-29
BULLS HELPING THE BEARS.
Letting Stocks Go Down as a Pre-
liminsry to . Big Boom.
Sugar Takes Tumble and Other
Stocks Go Down.


tied into q 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-
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 fresh short inter-
est preliminary to another upward
movement
whiskey ruled firm, and the bears are
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 carly 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 n flyer on
the long side.
Sugar sold off to l07 3-S, a drop of
5-S from last nights closing General
Electric fell b.s, and the remainder of
the LIST sola Ia to per 'eE %s Sear ne
and General Electric to 40 Ia. The tone
generally was iirmer.
American Tobacco tsll 5-s to 1ol -;
cago Gas. Ia to rs ia; Northwest "a, 10
lOb l-2; kock Island "a, to ID 3-i; Man
haitian 81, to IFS l-2; Missouri Pacific
a., to IS: tinted states Cordage i ia
to Is 1-2; American Cotton iOi 3-i, TO
y iS Is and Richmond Terminal 49, to
O. canad" Southern rose -, to e 81:
Vile H. TO IS 5-s. and Northern Pacific
says tina, Caldwell, OF the Nickel Plate
road. will succeed the late John Newall
as President OF the Lake shore. ,
road Company has declared the regular
quarterly dividend OF - per cent, on
the preferred l stock, payable Oct, !. A..
iscn road ne appointed Sf IN the the place place
Of Mr. ,Reinhart, and the return
pected here on Monday next, the Gen.
eral REPRESENTATION Committee will
probably hold a meeting on "Wednesday
or Thursday Of next week TO take up
the plan Of reorganization, the consider
alton OF which was deferred pending the
completion of Mr. Little's report. 1t Is
@astns viii ia be ha fp Mr. and waRsp a
! arrive on the steamer due here Sept. l.
pa T1r the the third week l. Of August the Big
SG sa5 ROAD ou; earned s2S5%s decrease Of
halfway s2S5, 1877. an Increase of s2S 625.
sos esrSns ns Ssr r9sa sPer d
$3.50 $50: expenses $Sls,s43. a decrease Of
slsl.SS2; net 500. 10; q decrease of $751;:
s sfs , And deficit 'ls77''' an increase of
The steamship City OF Washington
, arrived to-day from Cuba. bringing SOL.
e@ In , ggSSld doS coin to Muller, schall 4 co.
: The Assay Office has received $3.50. oOc
; foreign gold. which will be melted into
vi wl' H. III s"ppiy Offering largely in excess
0 Foreign exchange quiet and steady a,
{ bills and i.ss - i.ss a. for ' DEMAND. S
Bar silver y LOndSn rose to 80 Id
yanced to IS and Mexican dollars tc
: The Mercantile Safe Deposit Company
E reports silver on hand l74,720 ounces
,, and certificates outstanding ia. an
I increase of 10000 ounces over the amount
, which 1t has held for very long time
past.
= The Canadian Pacific statement fsr
T July shows net earnings OF 75,2sS. d
decrease Of 9dO saibsss and for ssyer
Muller,, Sehall & Co. will ship Is
ounces Of silver and j. & w. Seliynar
+ q Co. $1,000 Mexican dollars on tn,
i steamship NorInannia, sailing to-mor
, | row.
i. The Northwest directors met to.da,
and declared the regular quarterly diyi
l. dend on the preferred or 1 81 per cent.
. payable Oct s.
u At public auction today, 81, 900 Sea.Id'
}. and Brooklyn Briie Elevated Railroa,
y Company, first mortgage. per cent
% bonds due 1912. sold at "a; $4,000 Clevc
land and Canton Railroad Company
first mortgage, s per cent. bonds at 20
$500 New York Cab Company pc
cent; bonds, at 49, sixty shares Thoma
Wyle Lithographing Company at 80
l5,Go Kentucky Union Land Company
common at $3.50 for the lot 1877 do. pre-
e qua ranteed preference at $500 for the lot
The gales OF listed stocks were las, 50
shares. In the unlisted department
r. $4,000 shares OF Sugar and 1900 Lea
were traded in.