The evening world., 1894-07-11
BETTER FEELING IN STOCKS.
Brokers Believe There Will Be a
Truce in the Strike.
Sugar Went Up on Favorable News
from Warrington.

When the gong sounded this morning
as a signal for the resumption OF busi-
ness at the Stock Exchange. II looked
as though the bears would meet with
more success than heretofore. but the
! sellers Of stocks at declines Of is TO
3-4 from the Anal quotations of yester-
day soon found out their mistake.
Word Was received that the order call
ing out the knights Of Labor had been
amended go that instead of the men
stopping work to-day they would con-
tlnue in their places at least until FRI
day. The natural uuppos,ion is that a
truce may be fixed UP in the mean time,
or the various trades unions may decide
1t impoltic &c strike.
II Is evident that the labor organiza.
tions are not unit in this matter, and
quickly without shedding any more
blood or furth destruction to property.
show a bold front, They put the stock
up three points to 80. on despatch
from Washington that the Trust would.
tion desired. While there are many
who doubt this the short interest was
sufficient to produce quick advance.
in the rest Of the list burlington :
Rock island, IA, to 6S II: Distiiiers, 81,
to "a lie; General Electric; 6,s, to 50 IS:
Missouri Pacific, l L. to z; Lead IS to
A is, and Western Union, Il. TO S3 IL
Heidelbach, lckelheimer & co. Will
ship 5000 gold 10 Europe tomorrow
ducts materially, and exchange being in
ternative s and are forced to ship the
yellow metal
Money WAS in abundant supply at /
per cent on call. Sterling exchange
was dull and steady. The market is
with the, cessation OF the strikes when
a material Increase In the supply OF
To-morrow's gold shipment Is consid.
60-day bills gold at 4.s1 a 4.S l-2, demand
at 4.S Ia and cables at 4,ss l-2.
Silver was weaker, bar silver in Lon
don declining TO p 6-l6d. per ounce and
bar sold at % -. The undertone of the
market is weak. the demand from Lon
don having fallen on, dealers there fear
ing sharp decline when shipments
from the producing sections are re-
sumed.
Foreign dealers believe that the tie-up
Is lang aSnipmenSSs Is sme;,@rs say
tailed because of the railroad blockade.
II Is stated that the Reorganization
Committee OF the Minneapolis and S.
lOuif ,oHlpdHy proposes 10 sillsly tnt
Rock Island claim, SO as to prevent a
foreclosure. The Committee has under
consideration various means and ways
TO this enl. but has not reached con-
clusioa. Under "A decision from the lower
court, Rock Island was given authority
t. foreclose upon six weeks advertise
inent after the 18th OF June. The decree
was not confirmed by the higher court
Until the 18th. Notice Of sale has not
yet been published.
The directors of the Louisville Il
Nashville Railroad will meet tomorrow
to pass upon the earnings for the six
months ending June 80. The statement
OF the results OF operations Will show
2 l-2 per cent. earned.
The upward movement in prices at the
Stock Exchange made further progress
this afternoon, especially In the Gran
gers. Chicago Gas, Western Union, Pull
man Palace, Louisville & Nashville.
Whskey and Cordage.
There was considerable covering OF
short contracts OF the confirmation OF
early reports that the local labor unions
Of Chicago were not. as rule, accept
ing General Master Workman Sover-
eign's suggestion to strike.
In California the situation Is also i'm
proving. The corn carrying roads were
strengthened by the splendid outlook for
i good crop of that cereal.