The evening world., 1894-08-08
STOCK PRICES RULE HIGHER.
Sugar Opened the Day with a
Sharp Decline.
Marked Improvement in the Gran
gers and lndustrials.

Sugar was the weak sister at the
Stock Exchange this morning. The un-
satisfactory condition of affairs in
Washington on tariff matters led to
heavy selling of the stock. and while
there were frequent rallies. 1t scored a
net loss in the first hour OF FLA per
cent.
The lowest quotation touched was
l0i 7-s. Strangely enough the general
list was not much affected. Burlington
& Quincy alone being heavy. The bears
seem 20 have the upper hand in this
speciality because Of the serious out
look for corn in that Company's terri
tory. and they have succeeded in fore
ing out some amounts of long stock.
The price declined 1 IL to 70.
Northwest fell l-2 to 1912, Rock ISL
and 1-2 to 60 IA, Lead 1-2 to 80 "a, Chi
cago Gas IA 20 a "a. Missouri PACIFIC IA
to 26 rs. and Wheeling & Lake Erie
preferred to 80 IS. American Cotton
on preferred rose l to 2, American A,a 7, n
Tobacco 7.s to 81; Central ,1tr Pacific III to
Erie 5-s to IA is. and Western Union l-2
| to IA.
The trading, as usual, outside of a
prices came better from London had a
| tendency to impart firmness TO the mar
ket on this side.
Foreign exchange is dull and easier
supply of bills better than OF late.
Bankers sixty-day bills sold at 4S a
4.s7 IA, and sight drafts at 4ss a As IA.
Money. per cent. on call and 2 l-2 )
on time.
Commercial bar silver sold at 623-4
and Mexican dollars at O3-4. Bar sill
yer in London rose TO % sd per ounce.
A rumor gained currency on the street
that the Lackawanna directors were
about to cut a melon" President
Sloan, however. promptly put quietus
agement has no such intention.
stocks gathered strength as the day
advanced and higher prices were re.
corued all AROUND; The features were
and the Industria.s. There was an in
Ohio Southern jumped from y to H.
Mgeii 9aG ISse TSm C Viii shin
| Il .OOO ounces of silver and Nesslage, Col
gate & Co. 81 900 ounces on the steamer
Fuerst Bismarck, sailing for Europe to-
| morrow. Muller, Schali & Co. will ship
q. 900 ounces to Europe on the steamer
Umbria. sailing Saturday.
At public auction to-day ! certificate
New York Produce Exchange sold at
pany, at cents per share; 5000 do
first mortgage income per cent. bonds.
Union Trust Company. assented at y,
dated Mining Company, at H.1O per
share.
There was a distinctly bullish tone to
speculation throughout the afternoon.
The shorts were. anxious to cover, but
the floating supply of stocks being small
prices moved up rapidly before they
were enabled q reduce their contracts
to any considerable extent The commits
sion. houses received numerous buying
from out of town, owing presumably to
the belief that the tariff question will
be fully adjusted before many days have
passed. The bull pools were more ac-
tive, and showed greater confidence than
for some time.
Sugar alone was feverish and fuctu-
ated frequently between 104 7-S and lO6 IA,
closing at 1057 rs. Benedict Bros. sold
about 5000 shares. The break in corn
stimulated purchases OF the Changers
near the close.
The sales Of listed stocks were 1lS. 200
shares. In the unlisted department So,
800 shares Of Sugar and 5000 Lead were
traded in.
The earnings OF the New York Central
for the month OF July was $3,l5S, 002, a
decrease Of S76S, 23S.