The evening world., 1894-07-19
BEAR RAID LOWERS PRICES.
Tariff Middle Has q Bad Effect
on the Market.
Resumption OF Gold Exports An
other Cause for Worriment.

The chief topic OF discussion in finan-
cial circles was the resumption OF gold
exports. Heideibach. Ickelheimer & CO.
shipped $500, 900 on the steamer Columbia
| to-day. and Lazard Freres have ordered
81, 1000 additional for Tomorrow
| steamer.
These amounts are being forwarded
as arbitrage transactions in sterling
between New York and Berlin, and the
margin OF profit is exceedingly narrow.
In some quarters 1t Is asserted that
| they are made on direct order from
Austria, but In any event II is believed
that the movement will not reach ex-
tensive proportions.
The only solicitude about the matter
| Is in regard to the Treasury gold reserve,
which will he again drawn down without
any substantial progress making towards
solution of the tariff muddle.
The gold exports. together with the
probability that the earnings of the
Granger roads, when published, will
make porr showing. induced the bears to
make demonstration against the
stock market this morning. and prices
generally ruled on lower range. The
dealings were small outside. Of Sugar, of
|
' su .df HSu Quincy fell IS. to IS IA;
81. Paul. 7-s. to SO l-s; Denver & Rio
cific pref. L.. to Il is; United States
Leather pref. I. to S.: Atchison. "a to
;S,s; Chicago Gas; S-S. to "A 5-s; Rock
3-S. to rs 5-s.. and Erie. 3-S, to 10 rs.
Sugar dropped /. to 1Ol IA, and advanced
to lo2 3-8. Central Pacific rose rs, to
y 1os, and United States Cordage. "a
ferred stocks OF the IL B. Ciaflin Com
Books S sOse BE- Su pe Is and AHF HTH
The net earnings Of the Baltimore &
Ohio road for June were $575,94l. a de-
G mensss Of nos slssg1S Tor the eleven
s ssn, .Isg were s6,s7l,44o, a decrease OF
A Baltimore special says: John E.
Sugar Trust and associates are behind
the Baltimore Z Eastern shore Rail;
Company, the Maryland Steamboat and
the Choptauk Steamboat Company,
with a capital of SO. 100. 600. The con-
tracts for the. purchase of the controll-
Ing interests have been closed. and the
work Of pushing the plans to compile
ton Will be begun at once.
Money lent at per cent. on call and
Is firm at 4s7 a 487 IA for bankers 60.
day bills. and 4Ss a 4Ss IA for demand
The supply Of bills is exceedingly small
Lazard Freres will be forwarded on the
La Touraine.
Commercial bar silver sold at s. SIS
and Mexican dollar at so "a. Bar silver
In London rose to 20 ll-16d. per ounce.
The stock market was quiet and pre-
scented no new features. The huctua:
tiohs were slight In the entire list and
the dealings were confined to the room
traders. Leading operators are waiting
for developments In the House on the
tariff before engaging in new ventures
earned gross 81, 5ss.ss a decrease OF
:sss,sSi; ana net ,s7s.si5. decrease Of
The Dubuque & Sioux City Railway
Company has declared dividend of l l.:
per cent. -,,,., ,,.,u., ~, ,,o ,,r,,,,
ConklIn Mortgage Trust Company to tbs
Mercantile Trust Company as trustee
were sold to-day to the. Reorganization
Committee of the Jarvis Conklin Com
principal of the mortgage is a,.sO,i7s
and the total an am on Of debentures out
mortgage. or 1892 ,O7O The Reorgan MIA
ton Committee have deposited under
bonds.
: The sum of $4,000 gold was withdraw
from the Sub-Treasury to-day for ship
ment to Canada.
Sugar was kept bobbng up and dow
! all the afternoon according to the teno
OF advices from Washington about tn,
tariff, but the general list was lower
especially for the Changers. Near thu
| close the industrials were all firmer. l
H. reported that 100000 gold additional
will be forwarded by Saturdays steam
ers.
The sales Of listed stocks were 641J
shares. In the unlisted department 63 10
shares of Sugar and LOO Lead wer'
: It is reported that there is a split IL
: the party which recently carried tn,
, election Of the Toledo. Ann Arbor &
North Michigan Company. G. ]. Law
renee & Sons. who represent larg,
number Of first mortgage bonds. Oppose
the reorgR nization plan on the grount
that bonds Of unequal value are equally
treated. Active stockholders are alst
opposed to the plan. as well as to thu
makeup of the present committee. The,
claim that the Committee does not rep
resent the owners of either bonds ol
stock, but is especially interested in thu
. loans which they have made upon thu
consolidated bond.
Mr.. Robert Fleming returned from
England yesterday on the steamer Teu
tonic The object of his visit Is to be OF
hand tomorrow. when Mr.. stephen Lit
tie makes public his report on Atchison
. Mr.. Fleming says there Is no change II
, the situation abroad so far as relates Il
Atchison affairs.