The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-29
BULLS HELPING The BEARS.
Letting Stocks Go Down as a Pre-
liminary to Big Boom.
Sugar Takes Tumble Of Two Points
and Other Stocks Go Down.

The stock market this morning set
tied into a regular hum-drum affair. and
traders generally regarded the situation
with a good deal OF disgust. Quotations
from London came higher. but they had
only momentary influence on specula-
ton here, the bearish feeling being in
the ascendant Shrewd observers of the
market, however. claim that the bulls
themselves are assisting the reaction in
order to encourage fresh short inter-
est, preliminary to another upward
movement.
The bearish sentiment does not ex-
tend much beyond the room, and any
concerted attempt to advance prices
would probably lead TO II rapid covering
of short contracts. The great feature
at the opening was Sugar, which tum-
bled 2, to 100. Arthur White and Doug
las Henry each sold 500
Whiskey ruled firm, and the bears are
apparently afraid to short ii heavily
around current quotations The idea is
that some Of the insiders have been
loaded with the stock and will devise
some way of getting out profit. The
/ speculative managers are so fertile in
| resources that the street Is always look
OF the Trust After the latest revelations
anyone who touches the stock, and los IS
Will get no sympathy.
sa AmsrS1n Tosa SGsy fell to SS e s i? ch
cage Gas 1-2 to Is IL; Northwest -, TO
100 ~; l.ock Island "a, TO. 10 IA. Man,
haitian 81 to rs ~ Missouri Pacific
"a, TO IS; United States Cordage ! L.
| to Is IL; American Cotton iOl 81, 10
w. and Richmond Terminal a-s to
Canads Southern rose "a. TO 81 "a;
~. Paul -. to 65 rs; Louisville q Nash
willie / ., to IS 5-S and Northern Pacific
preferred 3-S. to 10 rs.
road. will succeed The late John NewaIi
as Presidcn, of the Lake Shore.
The Chicago q Eastern Illinois Rail
quarterly dividend of IL per cent. on
| the preferred stock, payable Oct. !.
| In view Of the expected return OF Mr.
MAeT Road the appointed pointed IN the the H Hsec
Of MIR. Little, both Of whom are ex.
pet peeited p here on Monday next; the Gen;
probably hold a meeting on Wednesday
or Thursday of next week to take up
the plan Of reorganization, the consider
completion Of Mr.. Little's report. 1t is
meeting will be had. Mr.. Walker will
arrive Enr on on , The steamer due here Sept; 1
/ -Four road earned s265, $40, a decrease OF
935; Louisville, st. Louis g. Texas
S,Ss a decrease of $3.50, and Southern
halfway SS5. is7, an increase of $26 625.
For July, the Big Four road reports
gross earnings of 1922, 562, a decrease Of
$3.50; expenses 1916, S43, a decrease of
Sl5l ,SS2; net s1N, 7l9, a decrease of $751;
s5s; and deficit Sl27749, an increase OF
| $l45. 943
The steamship City of Washington
arrived to-day from Cuba, bringing S5Ol,-
900 In gold coin to Muller, Schall & Co.
and $340. 900 in French gold coin to
Lazard Freres.
The Assay Office has received $3.50 oOC
foreign gold, which will be melted into
bars.
Money is easy at per cent. on call
with the supply Offering largely in excess
| Of the demand.
Foreign exchange quiet and steady a
4.S IL a 4.S for bankers 6O-day sterlinl
bills and 1856 IL 4.S6 "a for demand
Bar silver In London rose to 80 Id
per ounce. Commercial bar here ad
vanced to u and Mexican dollars tc
62 3-i.
The Mercantile Safe Deposit Company
| reports silver on hand 1H,72O ounces
and certificates outstanding l74OlO ar
Increase OF 10000 ounces over the amour,
which it has held for a very long time
past.
The Canadian Pacific statement f.,
| July shows net earnings OF A7b, 1858. a
decrease OF s2l5,669. and for sever
months s2,76O,4s9 a decrease of 1893, 70S