The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-09-06
.NRIsKEi5G0Es DOWN 'lGnA.
Rise in Sugar, However, Strength
ems the Market.
Trading Is Quite Animated at the
Close.

Sugar was by all odds the over shadow
ing feature of to-day's early stock trad
ing; in fact. there was scarcely anything
to the market outside OF that property.
Accompanied by active selling, both for
the long and short account. the price,
shortly after the opening, fell 2 points
from yesterdays closing, to 1O2 1-2. all
thought at the end of the first hours
business the stock showed a recovery OF
Ia from the lowest.
Tho transactions in Sugar to that time
aggregated 10000 shares. The story
about reduction in the rate of divi-
dend by the directors of the American
Sugar Refining Company was revived and
found "a larger number of believers than
when the report was first circulated.
some days since.
directors will meet on Tuesday next to
take action on the dividend,
The. general market. which, was un-
initial dealings, Rock Island leading.
Very soon. however the entire. list raj
lied, and before II o'clock some shares
were slightly above last nights final
figures.
London was not a factor, the arbitrage
dealings amounting to practically moth,
Ing. A further reduction in the posted
quotations for foreign exchange to l.S
and 4.S6 l-2 had strengthening inhu-
ence over the general market.
With the rally in Sugar the excitement
traders then turned their attention to
| other parts of the list. Transactions in
| creased to a moderate extent. ana spccu-
lation assumed a firnier tone.
| Chicago Gas advanced - 10 . IA; 81.
| Paul l-2, to 67 S-S: Louisville & Nashvi. 10
1-2. to IS rs: Western Union l-2. to 81 5-S;
and Burlington q; Quincy 3-S. to 70. Dis
tillers was marked exception. declining
| I Ia n II -
The market for foreign exchange dis.
played renewed heaviness to-day. ana
the posted rates for both short and long
sterling, were reduced half cent to
4.S5 and 4.S6 1-2 respectively. The. same
causes that have operated to depress
the market the past few, days. namely
of cotton bills, were the ruling factors
again to-day. Rates for actual business
are 4S4 3-4 to 4.s5 for bankers sixty day
AS "a to 1855 for cable transfers. =,
There Is no change to report in cal
money the rate for which remains
per cent. The ruling quotations fol
days and 8 3l-3 for four to sis
months.
The markets for silver, both here and
commercial bars fell to 81 5-,s. but Next
can dollars were unchanged at 81 IL
In London the price for bars dropped
sis u 2 1850. per ounce. 3. All,
afternoon. under heavy pressure t.
sell. the general list yielded in sympa
thy but the decline was soon checked
bv a rand rise in Sugar. to 1O6. am
, speculation developed tirmer tone II
, the late trading.
The heavness OF whiskey was accom-
} panied by selling orders from Chicago
2 and by reports that certificates had bee,
delivered In the name of Nelson Morris
The dealers in intervals were attende
( with considerable animation, especial
q in the cases of Whiskey, Sugar and tn
Changers.
i The betting in the Board is to
s that the quarterly dividend to be de
o clnred on Tuesday next ON America
2 Sugar Refining Common Will be tn
: | usual per cent.
The sales OF listed stocks were 141 .OC
n shares In the unlisted department 81
Il 800 shares of Sugar and $500 Lead wer
: traded in.