The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-07-06
SUGAR LEADS THE DECLINE.
About 10000 Shares Sold in the
First Hour.
Chicago Gas Also Figures Heavily
In the Trading.

sugar and Chicago Gas practically
constituted the market in the early hours
OF business at the stock Exchange to-
day. OF the two Sugar attracted by far
the most attention, continuing to de-
cline under a heavy pressure to sell.
Tho canvass made OF the House by
'rhe World" TO ascertain the sentiment
of that body on the sugar schedules as
arranged 10y the Senate shows pretty
clearly that the Trust will be defeated.
This Is the basis for the steady out
pouring of long stock.
Up to II o'clock this morning fully
$1,000 shares had changed hands. or
more than the total for the entire re-
mainder of the list, and the price yielded
Chicago Gas, after selling UP frac-
ton. to ~ 3-s. declined to IS IS. Distil-
lers fell off II, to q l-2, and rose to
Ai-4. louisville & Nashville declined
Pacific pref. IL, to 1894; Burlington &
Quincy 8-s, to IS; st. Paul S-s. to 50 7-s;
Rock Island, 3-S, to sc rs: Missouri Pa
cIhc 3-s, to Is is, and United States Cord
are 3-S to Il IL. American Tobacco rose
The great railroad struggle in the
West has a tendency to make operators
hold OF. and II II 10 not speedily ended
may invite fresh attacks upon the mar:
ket. as the bears are on the alert and
are constantly feeling around for weak
| spots.
London came a little lower. The
failure OF Dain e. Pelham was an
nounced at that centre. but It's effect
upon the market had been discounted.
exchange easy s. sixty-day bill. are more
plentiful than sight drafts. bankers be-
Ing disposed to sell the former on the
belief that they will be able to cover at
pront later on. when the crops move
Sales were made at 4s7 for long ster.
ling, and 4.SS for demand. No gold will
be shipped this week. and the general
| impression Is that the outward move
ment Of the yellow metal Is over for the
| Summer.
The stock market continued dull. The
Sere sompsrssVely slisht but there was
a woful lack OF business. and many
brokers did not even take the trouble to
go Into the Board.
The Imports of dry-soods at the port
Of New York for the week were $, IN .097
and the amount MARKETED ; ZEE -. For
ports were g, ;?;s W. s47 and the amount
For the fourth week OF June the Mis-.
souri,. Kansas q Texas road earned
Sl91 ,74o decrease OF $685. 6s, and for the
chesapeake q Ohio. for the fourth week,
S244 296, a decrease of 1884, and for the
month S655.347. a decrease OF SlS6,556.
II is stated semi Ironically that ar
rangements have been made with the
syndicate which has underwritten the
Atchison subscription to advance the
funds necessary to buy the January
coupons of the 4 per cent bonds before
July 20 and to be reimbursed from the
first call Of the assessment on the stock.
This will prevent action under the de-
fault.
The underwriting has been taken. one
N parlin nna-nua rfar In London
and one-half in New York. The matter
may be delayed a few days in order to
hear from Accountant Little. whose ex-
animation Of the property Is nearly
completed.
Bankers calculate that the banks have
gained in cash during the week from
the interior movement about S,750 OOC,
and from Sub-Treasury operations about
| 50, 80, 900. They have lost about 81 0OO 00C
| from gold exports, making the net gain
| In cash about 81, 600, 900.