The evening world., 1894-04-26
SHARP RISE IN MANHATTAN.
Favorable News from Washington
Sends Sugar Ur.
The Market Firm, but tho Volume OF
Business Is Small.

The effect on Wall street of the leg
islation on the Rapid Transit bill at
Albany yesterday was evident soon
after the Stock Exchange opened this
morning. when Manhattan displayed up
ward tendencies. The price Jumped in
the early trading 3-s to III s-s.
The bulls on Sugar brought their
favorite to the front this morning, and
on large transactions the stock ad-
vanced "a to 80 rs. The Wormsers
were the heaviest buyers. but there was
also a brisk demand from the shorts
on news from Washington that the
Sugar Trust will obtain concessions
from the Senate Finance Committee.
The rise in Sugar started prices up In
all directions, but the volume OF bust
ness was small. American Tobacco ad-
vanced 1, to S. L.; Chicago Gas 1-2, to
81 l.s; Lead. S-4, to 80; New England IL
to 80: Wheeling & Lake Erie pref l..
to %, and Distlliers a. to Is s-s. -.
Chicago Gas was weak for q spell
and ran Off from u is to SO Ia
Gen, Fitzgerald win succeed J.. Ed
ward simmons as Chairman OF the Read
mittee. Nj. Simmons will continue az
u member OF the Committee.
II IN stated tnat the Olyphant-Vander-
p'th puiNN III l)tsHNaTt I1uUSOn Will
propose the names OF II. Walter Webb,
Third Vice-pr. sident OF the New York
Central: }. W. Alexander. of the Eqult-
able Lire Assurance. and II. q. Young.
a Hudson as managers In the places Of
some OF the directors who have op-
posed Mr.. Olyphant. Further changes In
the ticket are expected.
The Louisville & Nashville brought suit
against the Illinois Central Railroad to
compel the performance of the contract
In the purchase OF the Chesapeake. Ohio
a southwestern. which was bought in
joint partnership BY the roads. There
Is si5. 100000 involved In the suit.
II Is alleged by the complainant that
contract by refusing to turn over the
securities, and the courts are asked
to make a judicial construction and
enforcement of the bargain.
remains unchanged at 2 per cent. The
proportion OF the reserve to liability is
6S s 7S per cent. against go! per cent. last
SrR %eek The tn bullion IN ,he bank Increased
Hoskier. Wood q Co. have 1000 900
francs gold on the steamship Havei. The
steamship Segurauca, from, Vera Cruz.
to James Z. Ward. in transit to London.
business at the Stock Exchange
dwindled to very small proportions. and
net soap9 be an
well maintained. The bears were un-
able to force out long stock.
Seventh Avenue Company. under date
Of ;is.l.s,s5i. against which the roadbed
ana an cab cable appliances @ ar amounted to ts.sd4-
ings and fixtures g. 4o2, ,sis. The Com
pany now has s.. CSC, 900 OF bonds out
standing. OF which 81. 900. 900 are ahead of
the tn !. consolidated MORTGAGE. The surplus
The total authorized issue Of the con-
solidated bonds Is 3l25o00OO.
Money ! per cent on call. Foreign
for BANKERS ss long | sseriIns. ri % ana nd ess 81 i, "a
were wei small and the market presented
no new features. No engagements OF
bankers are still undecided about ship
ments by SATURDAYS steamers.
Al the Stock Exchange 10000 ounces OF
fell to 20 5-isd. per ounce Commercial
bar here declined to "a and Mexican dol
The stockholders of the Texas & New
Orleans Railway, at a meeting In Hous-
ton. Texy elected the following direc.
tors: C. p. Huntington and l. Z. Gates,
Of New York: J. Kruttschmitt. Il. W.
Cave. p: p. Hill and w. g. Van Week,
For the third week of April the Louis
Vile 4 Nashville road earned $500 =
665. a decrease of 81 .7s5: and from July
g. s6o. .7s5.
Sugar continued the conspicuous fea-
ture OF speculation until around de-
livery hour, the stock crossing par under
q brisk buying movement for both the
long and short accounts. After the time
mentioned the whole list eased off un-
der the leadership OF the Grangers. but
no marked declines occurred.
The bears continued to lay stress on
the Coxey movement. but seem urable
to create any scare outside of their
own limited circle. Louisville & Nash
vile and Western Union were weak
features. the former on the falling of
In the earnings OF the road.
The rales OF stocks were l+0 $40 shares.
In the unlisted department 50. 400 shares
OF Sugar and 1850 Lead were traded In.