The evening world., 1894-07-25
Low PRICES AND FEW SALES.
Tariff Uncertainty Continues to
Depress the Market.
Big Shipments Of Gold Anticipated
on Saturday.

The Wall street markets were as dull
as ever this morning. The traders were
bearlshly inclined, and, by persistent
hammering, succeeded In beating down
prices IA to rs per cent.
Even the bears are timid about ex-
tending their lines, as they cannot tell
what the next move In Congress on the
tariff will be. 1t is felt that II there is
no legislation and the Mckinley sugar
duty stands. insiders will hoist the stock
In lively fashion and perhaps force the
shorts to run In other parts of the list.
So far as buying stocks for the long
account Is concerned there Is, of course,
no disposition In any quarter to assume
new responsibilities until the tariff is
gold exports on Saturday and further
reduction in the Treasury reserve oper-
ated against the bulls this morning.
Exchange is firm, and several houses
gold. Estimates OF the exports Of the
yellow metal on the day named vary
from 100000 to 100000 the amount de
may be made in the mean time.
Burlington & Quincy fell SIS to "A IL;
Chicago Gas. So to % "a; st. Paul. -
t t,,s IS l-s; Rock island rs to S 80! Dis
to q %; Oregon, Short Line. liz to liz,
and Western Union. 3-s to 81 SIS. Amer.
lean sugar AZ after rising IL to lo4 a.
: 70 ,% T. II 1n the specialties Pullman fell
There is no change to report in
money, which continues easy at / per
cert on call and IL a on time.
Foreign exchange is firm at 4.H IA a
i.S 1-2 for bankers long and 4sS IA a
4.s IL FOR demand sterling. Bills are In
small supply. and bankers expect to
make the bulk of their remittances I'm
gold.
Bar silver In London rose to % 15-16d.
per ounce. Commercial bar here ad
are unchanged at SO "a.
curities with the Adams Committee CON
now on deposit over $40 5000 consols,
IS, 7s5. 900 thirds and S5,575, 900 second mort
gage bonds.
The Minneapolis & st. Louis Reor-
an issue of $40, 100000 consolidated mort
gage per cent. bonds. part Of which will
be used p redeem the, 100000 equip.
Company. The balance will be used to
take up outstanding obligations and to
provide pro, necessary worrying CAPITAL; There
fferred stock, to which stockholders will
be asked TO subscribe.
Tne meeting of the. Atchison General
Rieorga,nization Committee, Yesterday ad
Chairman r. Somers Hayes has started
on a trip to North Carolina. The next
meeting or the Committee Will be on call
whenever the report of Expert Little is
completed.
For the third week of July the Mis-
souri, Pacific. road earned $4,000, a de-
crease of $4,000; Southern Railway,
Central, slSs,5s6. an Increase Of $3.50;
Texas Pacific .slo3,552 an increase of
1854; Rio Grande Western s3i, 425. a de-
crease of 3l5,475; st. Louis South
western se2, 100, a decrease Of sll.30o;
st. Paul $44S,70 decrease of 1892 ia;
International and Great Northern
Hs,76 a decrease of 1924. and Baltl-
more and Ohio Southwestern 1921. 947, an
increase OF $96.
On reports OF damage to the crops at
the West from excessively hot weather,
stocks declined. The losses, however.
as a rule, were not especially important
and Wheeling & Lake Erie preferred
fell 1913 on rumors that the dividend
will be passed.
Chicago Gas was better supported. the
latest opposition being regarded of less
Importance since the details OF the or
dinance have been made public. The
clause fixing the price of gas at 81 per
loo cubic feet and giving the city 10 per
cent. of the gross earnings is, very am
biguous For instance: II the price of
gas is below 81 1t seems that the Com
would be possible for the Company to
Ak the price OF gas at 80 cents and pay
nothing to the city. The franchise Is
given for fifty years. The principal
point made by the Mayor against the
ordinance was that assurances should be
given that the capital of 100000 would
be fully paid up.