The evening world., 1894-08-14
BETTER TIMES HERE.
Stock Speculation Already Shows
a Great Improvement.
Market Opens with a Rise and
Trading 10 Very Heavy.
Sugar Falls Five Points After MANY
Fluctuations.

Operators at the Stock Exchange
enjoyed the liveliest opening this morn
Ing they have had for a long time.
The dealings were very heavy, blocks
OF thousands of shares changing
hands rapidly amid much excitement.
The fluctuations were in keeping with
the increased activity and prices moved
UP and down so smartly that brokers
had difficulty In executing orders given
''at a limit"
passage of the Tariff bill by the House
last evening. the fact that this disturb
Ing influence is about to be removed is
HAILED with greater satisfaction than any
event that has transplred in the finan-
cial and commercial worlds since the re-
peal of the Silver Coinage act, and Wall
street lie looking forward with hope and
confidence.
1t Is expected not only to arouse ,specu-
lation from it's protracted lcthargy, but
to stimulate business in all the ramifica-
tons of trade and to impart renewed
coincidence in our securities abroad. the
Foreigners nave already taken hold
with a vim, and to their purchases ~
largely attributable the weakness OF
ports.
Ihe chief attractions this morning
were sugar and Distillers, the dealings
In both Of which were on Il scale OF ma
usual magnitude An idea OF the sharp
changes curing the first hour can be OBJ
tanned from the movements OF the shares
named. sugar opened at l03 IA u ios IL,
y loo 81, rallied to los L. reacted to
l07 l-2 and recovered to lOS Distillers
sold at % "A IA a % Ia "A % IA. The
remainder Of the list improved Ia to
Atcnlson moved up IS, to 6 Is; Ameri-
can Tobacco IL, to %; Northwest So. to
JOS; Ct. Paul IA, to u; Rock Island 81,
Louisville d Nashville ~, to 81; Man
haitian l-2, to IFS. Missouri Pacific SIS.
t. ~ S.; Lead T.. to a IL; New York
Northern Pacific pref. SIS, to Is 10; Nor
ok & Western prtf. S-4, 10 "A 5-S; Ore gon
Improvement ia. to 10; Reading "a to
Omaha IL, to 81; Union Pacific "a. to
u; Wabash pref: So. to IL IA; Western
Union SIS, to 50 Is, and Southern Rail
way pref. "a, to 80 81.
The rise was assisted by the strength
of the London market and the execution
Of buying orders for the long and short
accounts After sr, the frs, half,hour the
ran off "a, to "a Is; st. Paul s., to
g. II; Rock island |, to g.. IL; Burlington
Us, to 70; General Electric ga. 10 50 Ia,
Bar silver in London is unchanged at
2s 1854. per ounce. Commercial bar de-
clined here to 81 SIS and Mexican dollars
to so 49,
Money. per cent. on call.
Foreign exchange is heavy. and rates
are the lowest for some time. Bankers
long sold at 4.S6 Il a 4.S6 1-2. and sight
ings Of bills against purchasers Of Sc
curities for European account. The
posted rates of the Bank Of British
An easier tone characterized stock
speculation as the day progressed, owing
chiefly to a slump in Sugar to loi 1-2,
the The trading ths stock
was heavy, but the volume Of business
fell OFF in the general list, and the rail-
road shares held fairly we'll. consider
purchases for foreign account are esu-
ated at 10000 shares.
u. & w. Seligman & Co: will ship
CO.. 90 7 SS oun msdel Sess
lage, Colgate & Co.. 10000 ounces. and
Zimmerman & Forshay, 5000 ounces on
the steamer Paris, which sails for Eu-
In addition to the silver shipments al
ready reported for export by the Paris,
1t is said that that steamer. will take
out 100000 ounces to be shipped by
Handy & Hartman.
Time money Is hardening under an in
creasng demand for mercantile as well
as speculative purposes. Loans nave
been made at 3 per cent. for four months
and 1-2 for six months. This has a de-
pressing effect on sterling exchange, the
tendency Of which Is downward.
Sugar, after breaking to 104 3-S, rallied
to 107 3-S. 1t was currently reported that
We'll, of st. Louis. made a neat turn,
selling the stock this morning and load
ing up again on the break. The general
market was distinctly irmer In the late
trading. Louisville & Nashville got up
to 81 L. the highest price of the day.
A number of others also fully recovered,
and the closing was generally strong.
The street was flooded with rumors
about possible legislation for free sugar,
free coal. &C.. and they caused many OF
the small traders to sell out. Their
stocks were taken by the big operators,
who confidently look for broader epec-
ulatlon
The satles of stocks were 204, 800
shares. In the unlisted department
200 shares of Sugar and 1900 Lead
were traded in.