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

The effect on Wall street of the leg
isiation on the Rapid Transit bill al
Albany yesterday, was evident soon
after the Stock Exchange opened this
morning, when Manhattan displayed up,
ward tendencies. The price jumped ir
the early trading 2 3-s to ~ 3-S.
Tho bulls on Sugar brought their
favorite to the front this morning, and
on large transactions the stock ad-
vanced ! 3-i to 80 rs. The Wormscrs
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 busi-
ness was small. American Tobacco ad-
vanced l. to So 1-2, Chicago Gas 1-2, to
"a Is; Lead, 81, to 80; New England IL.
to 90, and Distlllers 3-4. to % 3-S. .
Chicago Gas was weak for a spell
and ran off from "a is to g IL.
Gen, Fitzgerald will succeed j.: Ed
ing General BondhJlders' Mortgage Com
mittee. MIR. Simmons will continue as
a member Of the Committee.
IL Is stated that the Olyphdnt-Nander-
bit party in Delaware X Hudson Will
propose the names of II. Walter Webb,
Third ,Nice-President of the New York
Central; j.. w. Alexander, OF the Equit-
able Life Assurance. and ii. q Young,
Second Nice-President of the Delaware
IL Hudson as managers in the places Of
some Of the directors who have OPP
posed Mr.. Olyphant. Further changes in
the ticket are expected.
TheLouisville & Nashville brought suit
against the Illinois Central Railroad to
compel the performance OF the contract
K southwestern. which was bought in
joint partnership by the roads. There
is sl5, ooO,o 900 involved in the suit.
1t 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.
The Bank Of England rate of discount
remains unchanged at 2 per cent. The
proportion OF the reserve to liability Is
6S,aS per cent. against 6S.2i per cent. last
S1r,Hc me ib bullion IN cJ the bank increased
Haskier Wood & Co. have 1000 600
francs gold on the steamship Havel. The
steamship Segurauca, from Vera Cruz.
Business at the Stock Ex ,hangc
dwindled to very small proportions. and
the hoard room presented an unusually
speculation was firm. and prices were
well maintained. The bears were UNI
able to force out long stock.
The statement OF the Broadway and
seventh Avenue Company, under date
or March !, 1894, showed total liabilities
Of sl2. l4s,354, against which the roadhei
and cable appliances amounted TO s6,3ii.-
53l. real estate, S2,6 $50. and other build
ings and fixtures. 81. Az. 6l6. The Com
pany now has $3.50 800 Of bonds out
standing, OF which 10000 are ahead OF
the consolidated mortgage. The surplus
on not NFAa pa 80. Lao 100 - = cot
The total authorized issue of the con,
solidated bonds Is $1,000. 90.
Money | per cent. on call. Foreign
exchange rules firm at i.S7 Ia a 4.S7 l.:
for bankers long sterling. and ASS IL a
ass "a for demand. The transaction
were small and the market presented
no new features. No engagements 81
gold for export are reported. n the
bankers are still undecided about ship,
ments by SATURDAYS stcn 'ners.
AT the Stock Exchange 10000 ounces o.
silver sold at GA. Bar silver in Londor
fell to 20 5-l6d. per ounce. Commercial
bar here declined to GA and Mexican dol,
lars to 81.