The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-20
BULLS STILL IN CONTROL.
Lower Prices in London Fail to
Depress the Market.
Sugar Jumps Two Points, and q Rise
Follows . Reaction.

The bullish feeling was In the ascendant
at the Stock Exchange again to-day, and
the dealings were exceedingly lively at
Intervals. Ear.y reports from London
gave quotations for American securities
below the parity Of our closing on Satur-
day. but the losses were small. and there
was more than q suspicion that the de-
cline had been manipulated from this
side.
Nevertheless the bears made a vlgor-
Gus attempt to use this against the mar
ket here. and almost Immediately after
the opening they pounded everything on
the list. They had to put out some big
short lines to accomplish very little, and
1t was not long before they found that
their opponents had by far the best of
Sugar first bounded up 2, to liz 49, and
after reactins to Ill 10 rose to 1i2 S-s
again.
Burlington 4 QUINCY rose "a to 7s;
to 20; Michigan Central /. to IS; Lead 3-S,
to a rs; Missouri Pacific s-s, to 81 Is;
Lead preferred IL. to So 1-2; Nickel
Rse Texa to psca sG!ed dc 10 Gs e. ToedS
Ann Arbor and North Michigan a. to
Z; Wisconsin Central IA, to 4 1-2; New
England 49, to 1865, and Omaha 49,
Later on Burlington & Quincy declined
tillers IS, to 10 Is; General Electric SIS,
v to y MSahst "a. i, to 7 ana t InHn
Pacific S-s, to rs. In the specialtiess
jumped 10. to So National starch com
i mon y Ia = e s1-a' and Mexican Cen
Later the whole market became strong
and advanced to about the top figures.
In some stocks the outstanding short
cover it is doubtful whether the market
will be permitted to react much. The
bu.lish sentiment is very pronounced be,
cause 1t is thought railroad earnings viii
steadily improve, and that the settlement
OF the tariff controversy will lead to
marked revival Of genera! trade and
new era Of prosperity for the country at
large
At any rate capitalists are a good deal
more confident and considerable amounts
of money are being invested In bonds
and the better class of stocks.
tillers Company has made arrangements
to pay taxes through the German Amer.
lean National Bank OF Peoria. 1t Will
require nearly IS, oCo. 600 600 to take goods
there are full $1,000 barrels stored, on
which the tax will be in the neighbor-
hood of s4,75o,oOo. All the Trust goods
ssen butt e had ST been eau Ren
out up to Friday. night. at Nebraska
City or Peoria. At Pekin the anti
Trust houses had taken out goods on
which the taxes were s750.00O"
Money l per cent. on call and per
cent. for four to seven months.
Foreign exchange Is dull and STEADY:
with actual business at 4. So IA q 4.S go
for bankers 60-day sterling bills and
I86 IA a 4.S6 ga for demand.
Bar silver in London rose to ~ 7-l6d
per ounce. The continued upward move
ment in the white metal Is attributed to
purchases In anticipation OF a Chinese
loan. Commercial bar here advanced TO
81 and Mexican dollars to 81 l-8.
The Sub-Treasury is creditor To-Day
at the Clearing House for H.0780O0 This
is due to the large transfers from depos-
itary banks on account OF internal rev.
enue payments.
While the stock market was less &C.
tive, its strength was undiminished. and
some shares sold at the highest figures
yet attained. Chicago gas was prom
inent, rising to II 1-2. A number Of the
stocks we're also in good re-
quest and the tendency was toward
better prices.
In few Instances where the rise was
most pronounced last week there were
and moderate reactions &C.
CARED. The Louisville e. Nashville
earnings for the second weed Of a august
were 1911. ABS. an increase or slb.Zo' ana
of the Missouri. Kansas & Texas. $l73,-
239, an increase of 1855
1t is such items Of news as these that
are creating q more bullish feeling on
securities and are forcing the bears to