The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-21
STOCKS LOWER ATTHE CLOSE
But The Transactions Were Light
in Most Instances.
Vague Rumors of a Tariff Veto De-
pressed Prices.

The bulls opened the stock market this
morning with great hurrah. with
Sugar as the leader The stock sold at
III rs. a rise of over ~ points in a week.
The shorts were thoroughly alarmed ana
made a rush TO cover.
This Was taken advantage of by lead
ing operators = realize, AMI in jify
Sugar WAS down 10 ll3.
Everything Csc yielded in s.ymplthy,
Burlington K quincy selling or IS, to
10 1-S: Northwest, IL, to lU7; Rock Island
5-i, ~ 81 SIS; General Electric, 5-S. TO
43 3-s Louisville Il Nashville, 81. t.
50 ga; Missouri Pacific. IL to 30 Ii;
Omaha l-2 to IS: Tennessee Coal. IL, to
~, aid Long Island Traction. 3-S, 10 IL.
This was not much of a decline. CON
siderinS the advance that mas recently
taken place, ana it shows that stocks are
being well taken and that the buying
power is greater than has been generally
supposed.
Sugar rallied to III 3-S while pstillcrs
rose from 10 to 20 rs. Lead preferred
from IS IL to 30 ii; Buringtcn from
40 rs to - ~ and New EngIaud, ID As
sessnlent paid, from - ii to % ii. The
strength Of the market was all the more
surprising because quotations came
lower from London.
Suit has been.brought by the receivers
Of the Northern Pdciiic railroad. T. +.
'uN'S,. II. =. ray ana IL. I. hpiSS,
to SCI aside and cancel all taxes and as
sessnents WED against the lands of
that railroad in Nurth Dakota during
lSsS. This suit affects th'lty counties
and involves Il very large sum Of money.
1he exports of general IueTrhandiS"
from this port for the week were S5."l3,-
92i, against $I,S9iOl4 for the correspond
ing week of last year
Money. | per cent. on en-. There Is Il
fair demand 70" fun IS on 'Te and for
discounts of merctn;L" paper Four 10
seven months money Is 10 / per cent.
ana prime mercrnds paper Is qu TED Al
/ ~ per cent.
Sterling excha lge is iirmer on account
I OF the small supply OF bills and N i'm
l.Sj and demand l.Sj l. Isl
Bar silver N London ~ ~ to 20 Sid.
per ounce. and commercial bar here adj
vancsd to GA - in Sympathy silver
certificates are quoted at the sam" fig
ure. and the off rings are very light,
The stock market was .csH active after
midday, vita trr]glilf movements IN the
of extensive rel.iGl;iuns. when checked
! the rising tendency. II was noticeable,
1 however. thlt the reactions were com
/ plratWe.y slight. all tnat the bears
| were unable to make any lasting impress
! ]. 4 ". seligman & CO. will ship
/ 100000 ounces of silver, Handy Hartman
| 10000 ounces. Heiieiblch. llIe.hC'uer d
! co. l%rCOo ounces ard Muller, Schall x
! Co. 500 ounces to Europe tomorrow.
At public auction to-day twelve shares
American Fire Insurance Company sold
at l19 IL, - Chatham National Bank al
! III 81 SO 600 state of Texas ; per cent.
bonds, due July, 1903, at ll6 H. and 500.
/ City of Memphis per cent bonds, due
July. 1913. at loo.
Minneapolis & St Louis IDS sold to-
| day at 40. an advance Of IL points from
the last previous sale. July ~.
| There was weaker feeling in the
stock market toward the close on vague
rumors that the Tariff bill would be
vetoed by the President. New England
| and Distillers fell - from the highest.
General Electric els and the remain
der OF the list is to / i-S per cent. The
dealings We're not especially heavy at
| any time.
| The sales of listed stocks were l&oN
! shares. In the unlisted department IloN
shares of Sugar and 100 Lead were
| traded in.