The evening world., 1894-07-11
BETTER FEELING IN STOCKS.
Brokers Believe There Will Be a
Truce in the Strike.
Sugar Went Up on Favorable News
from Washington.

When the gong sounded this morning
as signal for the resumption of busl-
ness at the Stock Exchange. 1t looked
as though the bears would meet with
more success than heretofore. but the
sellers Of stocks at declines Of 1-S to
"a from the final quotations Of yester-
day soon found out their mistake.
Word was received that the order call
ing out the Knights OF Labor had been
amended SO that instead OF the men
stopping work to-day they would con-
tinue in their places at least until Fri.
| day. The natural supposition is that a
truce may be fixed up in the mean time
or the various trades unions may decide
| 1t impolitic to strike.
1t Is evident that the labor orga MIA.
lions are not unit In this matter, apd
that the troubles may terminate
quickly without shedding any more
blood or further q destruction to property
show a bold front, They put the stock
up three points to SO. on dispatches
from Washington that the Trust would.
ton desired While there are many
who doubt this the short interest was
sufficient to produce a quick advance.
Quincy sHe rose IS. to "A i-a; Chicago Gas
SIS, to 70 "a: St. Paul. 81 to IS IA
Rock Island, "a, to 66 "a; Distillers. "a
to "a l-2; General Electric. 5-s. to SO rs
3S IA; Louisville q Nashville, 3-8, &c
A is, and Western Union, IA. to 50 Il
Heidelbach, Ickelheimer & Co. Will
ship S69o,m gold to Europe tomorrow
checked the export movement of pro.
ducts materially, and exchange being IL
limited supply the bankers have no al
t ,.aI, ,eo; and are forced to ship the
Money was in abundant supply at
per cent on, call. Sterling exchange
was dull and steady. The market Is
with the cessation Of the strikes. when
commercial acceptances is looked for
6o-day bills sold at +.s7 a 4.s7 1-2. demand
at ass Ia and cables at ASS IL.
don declining to Is 5-l6d. per ounce anc
Mexican dollars here to 81. Commercial
bar sold at 81 -. The undertone of tn,
market is weak. the demand from Lon
ing sharp decline when shipment.
from the producing sections are re
! sumed.
Foreign dealers believe that the tie-uy
Is delaying shipmenas. Shelters say
that the production has not been cur
II is stated that the Reorganizatior
| Committee of the Minneapolis ard st
Louis Company proposes to satisfy tn,
Rock Island claim. so as to prevent
foreclosure. The Committee has undel
consideration various means and way,
| to this end, but has not reached a con
clusion. Under decision from the lower
court, Rock Island was given authorit,
! to foreclose upon six weeks advertise
nent after the 18th of June. The deere,
was not confirmed by the higher cour
Until the 2Sth. Notice of sale has no
Yet been published.
The direcors of the Louisville anC
Nashville Railroad will meet tomorrow
to pass upon the earnings for the 81,
months ending June 30 The statemen
of the results of operations will SHOW
l-2 per cent. earned.
The upward movement in prices at tn
Stock Exchange made further progress
this afternoon, especially in the Grang
ers, Chicago Gas. Western Union, Pull
man Palace, Louisville & Nashville
Whiskey and Cordage.
4 There was considerable covering o
short contracts on the confirmation o
early reports that the local la Dor union
of Chicago were not. as a rule, accept
ing Grand Master Sovereign's sugges
ton to strike.
In California the situation II also i'm
proving. The corn carrying roads wer
strengthened by the splendid outlook 70
good crop of that cereal.