The daily morning journal and courier., 1894-08-31
Etnancial.
Prices Were Further pepse,sed During the
 First Hour,

| FFht Hour.
 New York. Aug, so,t-During the first
 hour Of business at the Stock Exchange
 to-day prices were further depressed
 owing to the realizing sales and manlp-
 ulation by the bears and nold.out bulls
 All the leading issues were influenced,
 and declines ranging from < to ls per
 cent. were recorded. Sugar and the
 sransers were the heaviest sufferers
 Sugar falling to l0sss. St. Paul \ 10
 e4h, Burlington and Quincy to 7sA.
 Rock Island < to sS%. The selling
 movement exhausted Itself before mid.
 day. and operators who considered the
 recent decline entirely too rapid began
 to buy. London at the same time came
 Into the market us Il buyer of Louis
 Vile and Nashville, and a local bull
 pool also became more active in the
 speciality This settled the course of
 the general list for the day, and after
 the first hour the tendency was upward.
 Louisville and Nashville was advanced
 to 57 against 55 at the opening. The
 pulls on the stock claim stllI higher prices will be made for 1t. as well as the snares of the other southern roads Tor the reason that the prospects for increased business activity are brighter Tn the south than in any other section of the country.
 The views of prominent railroad men recently wired from Chicago are m- guorlous enough 10 turn the trading element away from the western rail. roads, and as the disposition here at the moment Is hopeful. speculators are dis posed to array themselves on. the aide or southern stocks. Reading was anoth- CT strong spot and rose to 22A. The Sc. curities of the company were strength ened by a belief that considerable prog. ress had been made in the work of inc organizing the road. The improvement in the earnings of the Atchison for the third week of August resulted in a rise of the stock to 7h.
 The general list In the afternoon moved up h to 1% per cent, Burlington ana Quincy leading at the close Sugar after its early decline, rose to 1O7a but on the execution of stop orders there was break to 106. An advance of 2K per cent. quickly followed. but iust preVlously to the close there was a dron to lo61a. The sellers of the stock were .a .uustriously circulating report that the company would not be benefited IS much by the new tariff law as com mon rumor had it. They also started story that the sugar schedule had been 'o carelessly drawn that there would pc severe competition from foreign re. laers. In a word. strenuous efforts were made to create feeling of nerv- 'usness and uncertainty. Lead. chica. go Gas, Whiskey, Cotton oil and gener- u electric were weak early in the day. ,ut closed firm. Tobacco fell 1h in Ol. and rose to 104
 In the inactive issues Manhattan rosa 4 to llsh, Lead preferred 1h to eo ma Pittsburg, Cincinnati, Chica eo and 't. Louis preferred 11a to 49. The mark t. except for Sugar, closed firm Net manages show advances of A to 1% Ter cent, Louisville and Nashville leads ng. Rock Island, St. Paul and Omaha ma New York Central lost h@A per ent., and Sugar 1N per cent. C The bond market was strong. Sales l we're $1,633,0O0. Following are the closing prices re- orted by Prince 6 whiteiy. bankers nd brokers. 46 Broadway, New York nd 10 Center street. New Haven: