The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-14
BANKERS SANCU|NE.
Believe the Tariff Legislation Will
Improve Business.
Payments On Bonded Goods viii
Swell Treasury Receipts.
Passage OF . Free Sugar Bill Not
Expected by Trust.

Wall street this morning svincsd moro
life than It has for months. '"rhs un-
| certainty Is at an end" was the uni
versal expression firm bankers and busi-
ness men. regardless Of party afiilia-
| tions, land Improvement will begin In
all branches of business"
Brokers say that they are receiving
orders from customers whom they have
not seen since the panic of last Sum-
mer. and business on the Consolidated
as well as the Stock Exchange was
extremely lively. The galleries were
filled with people. a majority of whom
have orders with brokers on the floor.
| On the Consolidated Exchange the
crowd In front of the rail, and In the
corridor outside the main floor, was SO
great that 1t was almost impossible to
get through 1t. At the opening. at 10
o'clock, prices began to go up. all along
the list of stocks. and they kept going up.
The Sugar people are. 1t Is said, greatly
elated over the passage of the bill, but
they all refuse to talk for publication.
All the Trust people, with the excep-
ton Of H. o. Havemeyer, are out Of
the city, and Mr.. Havemeyer refuses to
| see reporters.
| ne lTubt, 10 Hdb
been buying raw sugar the world over
during the past two or three months.
and The importations are valued at
So Treasurer 5Ghn h n sesrles
| ter to Chairman Wilson says that the
value. OF the sugars now held by the
| American Sugar Refining Company does
not exceed 100000, represented by
| 200,O 900 tons Of sugar.
| Should the free sugar bill which the
House has promulgated, be passed by
Trust to lose an immense amount Of
money on its large purchases of raw
sugar in anticipation of the passing Of
the present tarir bill. but sugar men
House bill for free sugar ever being
passed by the Senate.
Aside from the sugar feature OF the
Tariff bill. it is conceded by business
My MI nf Presidsnt ti Dum,ens eiSrse o. the
od MatiGnai r sans
OF business. The passing Of the Tariff
bill was all that was needed to remove
the obstacle to commercial setiyity"
President Cleveland, presume. will al
low the bill to become a law, although
IL points to the defeat OF the Demo-
cratic party at the next election"
Gallatin Bank. said: mo greater bene-
| MT COulQ nave Deen COHIeTTtu upon the
country than the action taken in Wash
| ington. Congress will be blessed by la
borers and business men alike in every
| Cashier e. o. Leech, of the Union Ma
tional Bank. thought that the passage
of the bill was far preferable to dire
uncertainty. People now know what
they could depend upon, and could go
ahead with their business upon GER
| tain basis.
At the Custom House 1t is expected
| that there will begin at once an UMPIRE
cedented withdrawal Of goods from the
various bonded warehouses. Deputy Col
lector Duryea. In charge of the Ware
house Division. estimates that at least
| there are 1,500, 900 packages of merchan-
disc at present stored in bonded ware
| houses.
The withdrawal fthis aggregation
money into the Treasury, within the
next sixty days. 1t is also expected
that direct importations will at once
increase, and steamship men are happy
other side, something their ships have
not been favored with for many months.