The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-07-12
PULLMAN STOCK WAS H|GHER.
En- - Reacted a Point Along
About Noon.
Prices As n Rule Weakened by
Strike Rumors.

STRIKE rumors had All unfiNorable tu-
flueure on stocks AZ tho opc ming, and
prices declined is 10 - per cent. IN
consequence. London was modora to
seller. but there WAS no pressure to
speak OF, operators having no desire I,
run the risk of being caught with "a big
line OF short contracts IN case the al
legged difficulties should be- patched up.
American Sugar was weakened hN the
decision of the Massachusetts, supreme
Court, cnjoinng he Company from car
~ Ing OF its business IN that State until
II files its reports according to law.
stop orders were reached on the way
down from 20 to ~, and no support was
accorded TIA" stock. The other indus
trials were steady. except General Flee
tric.
St Paul declined IL, TO 591-i; Amcri-
can Tobacco - to IS Ia. Louisville and
Nashville -, 10 a IA: Burlington and
quincy is, to a -; Chicago Gas. LIZ TO
a 3-S: DistiIlers IL, to - "a; Lead 3-s. TO
81 81; and New York Central 3-s. to
sc SIS. Pullman rose I. TO 59: Denver and
Rio Grande pref is to Is as. and United
states Leather .pref. "a to 81 IA
Receiver Welsh. of the Reading, is
quoted as saying that this Is Il poor
time to talk of reorganzing. What the
Reading teauires is TO be left alone
until business has resumed its normal
condition II win then he known just
what Its earning power is and what 1t
requires.
Chicago advices say that there was
only one bid for the entire 5000, 600 4
per cent. drainage bonds. This was
par and accrued interest from July /.
less commission of slsO,oU. about same
as IOlGH. at which y per cent. drainage
/ hnn sold ., hnp 70
lec,ed. IL was by the Illinois Trust and
Savings Bank of Chicago There was
one bid FOR $4,000 of the bonds at 100 -.
The National Ijnseed oil officials say
there is nothing in the affairs of their
Company to in any wise cxpla lin the
suicide of Second Vice-President Han.
| ford.
For the first week OF July the Mexican
| National road earned Sl,6io, a decrease
Of sli,s37.
The stock market drifted into dulness
speculation was iirmcr. The strike on
the st. Paul road failed to materialize,
and this caused a little buying for a
| time.
| crate scale. and Ia being held in check
| by the slow work Of the Tariff Confer.
ence Committee at Washington; II tht
out OUT. there is no donbi that certaIt
bull interests would take hold OF the
market, as the strike has ceased TO be
| a bear factor.
The general list moved M "a t., "a pei
cent after midday. General Electric
| leading. Chicago Gas was inclined &c
weakness and receded to IS7-s Sugar
stocks were slightly higher. but very
dull Pullman reacted FRO 1853 TO 15s.
For the first week OF July the Louis
willie Nashville road earned s266. 4o5
decrease of Slc5230. and the Chesa
2eake Il Ohio sl36,.69. a decrease OF
Money on call rules easy at pei
cent. Time loans are at to 3 per cent
change Is dun and steady at 4.7 6
tS7 IA for bankers sixty-day bills, 4.SS .
ass IA for demand and i.Ss Ia a a.ss L.
silver in London made a further DECLINE
to IS I'D. per ounce. Commercial bar II
the local market sold down to g. II
| Mexican dollars were unchanged at 81.
American Sugar was In brisk deman'
at one time this afternoon and rose 4
IS. Washingto ton houses were Buyers
and The report that the Trust woult
areceive the protection on refined susa
II required. was again revived. Chicas'
Gas and General Electric were also II
better de atddnnaa him. mltndSdsaleo :.
better demand. and the last-named sol'
up to 81 IL, the highest price in weeks
Here the close sugar receded to "a S-4 ol
realizations. Railway stocks were dull
and from the grangers moving up abou
- per cent. The supply Of stocks offer
| short interest is of large proportions
| Private advices received from the Yves
late In the day. indicate a steady i'm
provenent in the railway situation there
! In NAV the Flint a Fere Marquette
shows a deficit of sl4.s23. against a sur
Mus of 81 .0S4 for the corresponding perio
last year. For the five months ende'
Nav 81, 1874. the surplus is $4,000, agains
S3I.6l IN 1873.
For the fourth week Of June the Eas
Tennessee. Virginia & Georgia roa'
the month 1854. q decrease Of sl0l .30l
/ For the first week of July the Ri
Grande Western road earned S19.l5O
! decrease OF sT,0bH.
The Louisville, & Nashville director
have decided not to declare the semi
annual dividend due for the six months
ending June 30. 1924. No dividend ha
been paid since July. 1897 The repor
for the fiscal wear ending June 10 show
a surplus of 1851 SI. against silO,552 IL
1897
The sales OF listed stocks were $3.50
shares. In the unlisted department "a,
900 shares of Sugar and 4Do Lead wer
traded in