The evening world., 1894-05-15
TRAD|AG At 4 sTANDST|LL.
Bears Raid the Market and MANY
Stocks Weaken.
Many Brokers Drop Business for the
Brooklyn Handicap.

There is no improvement to report in
the Wall street situation and business
at the Stock Exchange this morning
was again practically at a standstill
Sugar yielded point, selling down to
loi is. but the trading in II was light
and there was an entire absence of
excitement. The stock Is being sold by
small holders. who fear that the Trust
Will ultimately meet with defeat at the
hands of Congress. National Cordaye
fell off 3-4 to % l-2. and later recovered.
The other changes during the first
hour or so were is to l-2 per cent. either
way. but firm tone prevailed.
Many operators left the street at an
early hour to attend the Brooklyn
Handicap.
Reading fell s-s to Ills; Louisville.
l-2 to Al is, and Western Union 3-S to
"a IL. Mobile & Ohio rose l-2 to %; Bur
lington q Quincy, IA to 70 IA: st. Paul,
6 s. 7-s So SS i-s' and Rock Island ii to
Money 1 per cent. en- call Foreign ex-
change dull and firm at 4s7 IA a 4.S7 Ia
for bankers so-day bills and Ass ga Il
Bar, silver in London declined to
2S y-l6d. per ounce. Commercial bar
here sold at 81 IA and Mexican dollars
at 81 IA.
President Greenhut says there is no
truth In the report that the Distilling
and Cattle Feeding Company has aban-
doned the rebate system. The Company
proposes prop s to Improve on the system, he
tends. has no bearing on the legality
or the rebate voucher system.
The Union Pacific earnings. for March
show a decrease In net of s2l4,O37 and
those Of the entire system decrease in
net OF $4l9,3l.
Sales of stocks up to noon were only
43Uo shares. A- the day advanced the
market weakened somewhat under very
light sales The low-priced shares were
hammered by the traders. but even the
latter, took only q languid interest In
speculation
The statement of the Nickel Plate
for the quarter ending March 81, 1894
shows gross earnings OF 81. .29S COZ, a de-
crease of 1896 5s2; net, sl5l ,54s, a decrease
of Sl65, l9l and deficit Of sl29 1856, against
surplus last year OF $35.502.
The bears made repeated raids upon
the market during the afternoon. and
met with more success than heretofore.
s2o assessment under the plan OF re-
organization. Union Pacific was down
on the March statement and Missouri
Pacific dropped nearly per cent. on
the probable early departure of George
Gould for sojourn of several months
in Europe.
Other weak spots were the Grangers,
which were weakened by the cutting of
Mr.. George Gould said to-day in talk
ing OF the Western rate troubles:
The Missouri Pacific Co. is in no way
responsible for the drop in freight rates.
The reduction was first put in effect by
Atchison and Missouri Pacific only fol
lowed reductions made by other roads
which was necessary to protect their Gus
toners and their business. The Missouri
Pacific will restore rates whenever It's
competitors will do so. and Mr. Hughitt
has been so advised 1t is natural Chi
cago interests should attempt to put the
responsibility on the Missouri Pacific. as
1t is a St. Louis line and the only road
which is entirely St. Louis line. natu.
rally Chicago interests will unite solidly
against u.s."
At the annual meeting of the stock
| holders of the American Distributing
Company to-day the old Board of Direc
tors was reelected. The annual repor
was read and adopted. 1t showed sale.
of Is, 900 900 gallons for the year. on which
the Company realized profit Of abou
two cents per gallon.
TIE sales of listed stocks were 1873, ,20t
shares. In the Unlisted Department 26,
800 shares of Sugar and 5000 Lead were
traded in.