The evening world., 1894-08-14
BETTER TIMES HERE.
Stock Speculation Already Shows
I a Great Improvement.
Sugar Falls Five Points After Many
.H. Fluctuations.

Operators at the Stock Exchange
enjoyed the llveliest 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 rices moved
up and down so sinartly that brokers
had difficulty in executing orders given
lat a limit"
All this was the direct result of the
passage of the Tariff bill by the House
last evening. Tine fact that this disturb
ing infiuence Is about to be removed Is
nailed with greater satisfaction than any
event that has transpired in the finan-
c!al and commercial worlds since the re-
peal OF the Silver Coinage act, and Wall
street Is looking forward with hope and
confidence.
1t Is expected not only to arouse specu-
lation from its protracted lethargy, but
to stimulate business in all the ramifica-
tons of trade and to impart renewed
confidence in our securities abroad. The
foreigners have already taken hold
with vim, and to their purchases Is
largely attributable the weakness of
stef1ng and the cessation of gold ex-
ports.
The chief attractions this morning
were Sugar and Distillers, the dealings
IN both or which were on a scale of nu-
usual magnitude; An idea of the sharp
changes curing the first hour can be OBJ
tained from the movements Of the shares
named. sugar opened at l09 Ia a lUy IL,
against lus yesterday, and then dropped
1G7 IL and recovered to l0S. Distillers
sold at 70 a "A IA 70 IA a q IA. The
remainder of the list improved IA to
3-S per cent.
Atcnison moved up So, to Is; Ameri-
can Tobacco IL, to 70; Northwest 6-S, to
lO6; st. Paul L. to 50; Rock Island "a.
to s. L.; Lake Shore 1873, to. lSl SIS;
haitian H. to. llS. Missouri Pacific SIS,
to ~ 5-s; Lead 1-2. to "A l-2; New York
Central IL, to 100 IA; New England "a,
to IA; North American So, to AIS;
DIX & " estern pref. 3-4, to "A 6-s; Oregon
Improvement Ia. to 10: Reading 3-4 to
70; Richmond Terminal pref "a, to %;
y; Wabash pref. 5-s, to IL IA; Western
Union 5.s, to SO rs. and Southern Rail
way pref. 3-4. to 80 ga.
The rise was assisted by the strength
of the London market and the execution
OF buying orders for the long and short
accounts. After the first half-hour the
excitement subsided and Chicaso Gas
rs, to Isl General Electric "a, 10 s. ia.
and Manhattan l, to III.
% l3-l6d. per ounce. Commercial bar de-
! clined here to 62 5-S and Mexican dollars
to so 3-S.
Money, / per cent. on call.
Foreign exchange Is heavy, and rates
are the lowest for some time. Bankers
long sold at 4S6 IA a ass 1-2, and sight
at 4.S7 a 4.7 1-2. There were free offer
enT es Gs of
posted rates of the Bank of British
North America are down to 4.S7 and 4SS.
An easier tone characterized stock
speculation as the day progressed, owing
chiefly to slump in Sugar to 1o4 1-2, a
drop of five points from the highest of
the morning; The trading in this stock
fell off In the. general list, and the rail-
road shares held fairly well, consider
In the extensive realizations. The days
purchases for foreign account are esti-
mated at p,O0O shares.
u, w. Selfgman & Co: will ship
Ickelhelmer & Co. 1900 ounces; Ness;
Zimmerman & Forshay, 5000 ounces oil
the steamer Paris, which sails for Eu-
rope tomorrow.
In addition to the silver shipments al
1t Is said that that steamer will take
out 100000 ounces to be shipped by
Handy & Hartman.
creasing demand for mercantile as we'll
as speculative purposes. Loans have
been made at 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 3-8, rallied
to l07 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 firmer in the late
trading. Louisville & Nashville got up
to "a 10, the highest price of the day.
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 spec
ulation.
The sales of stocks were 2o4,s0O
shares. In the unlisted department
| liz. 100 shares of Sugar and 1890 Lead