The evening world., 1894-08-08
STOCK PRICES RULE HIGHER.
Sugar Opened the Day with q
Sharp Decline.
Marked Improvement in the Gran
gers aud Industrials.

Sugar was the weak sister at the
Stock Exchange this morning. The un-
satisfactory condition OF affairs in
Washington on tariff matters led to
heavy selling of the stock, and while
there were frequent rallies. 1t scored a
net loss In the first hour of ia per
cent.
The lowest quotation touched was
l04 rs Strangely enough the general
list was not much affected. Burlington
& Quincy alone being heavy. The bears
seem TO have the upper hand in this
specially because Of the serious out
look for corn In that Company's terri
tory. and they have succeeded in fore
Ing out some amounts Of long stock.
The price declined IA to 20.
Northwest fell l-2 to lo3-1-2 Rock ISL
and IL to GO IA, Lead l-2 to SO 3-i, Chi
cago Gas IA 10 = 3-4. Missouri Pacific IA
to % IS, and Wheeling q Lake Erie
preferred 1 to 80 5-s. American Cotton
OIL preferred rose | to Il. American
Tobacco l7-S to 81; Central Pacific I to
Y. Long Island Traction 1-2 to "a IS
Erie SIS to IA is. and Western Union 1-2
to 81 "a.
The trading. as usual, outside OF a
prices came better from London had a
tendency to impart firmness to the mar
ket on this side.
Foreign exchange is dull and easier
in tone. The demand Is light, and the
supply nf bills better than of late.
Bankers sixty-day bills sold at 4.S a
4.S7 L. and sight drafts at Ass a ass IA.
Money, per cent. on call and 1-2 3
on time.
Commercial bar silver sold at g. 3-4
and Mexican dollars at 80 3-4. Bar sill
yer in London rose TO IS 3-4d per ounce.
that "a fu the E f "t directors We're
about to cut melon President
Sloan. however promptly put a quietus
upon the story by stating that the man
agement has, no such intention.
Stocks gathered strength as the day
advanced and higher prices were re-
corued all aro9nd; The features were
and the Industria,s. There was an in
Ohio Southern Jumped from y to IL.
Noble Oaio rose from 20 to q IL.
q, 900 ounces of silver and Message. Col
gate & Co. 81, 600 ounces on the steamer
Fuerst Bismarck. sailing for Europe to-
morrow. Muller. Schall & Co. will ship
Cmbria. sailing Saturday.
AT public auction to-day l certificate
New York Produce Exchange sold at
s475. 5000 shares Comstock Tunnel Com
pany. at cents per share: 5000 do
first mortgage income 4 per cent. bonds,
Union Trust Company. assented at IL,
and 1000 shares Rico Aspen Consolt-
dated Mining Company, at H.lO per
share.
There was distinctly bullish tone to
speculation throughout the afternoon.
The shorts wera. anxious to cover, but
the floating supply OF stocks being small
prices moved up rapidly before they
were enabled :? reduce their contracts
to any considerable extent. The commits
sion houses received numerous buying
from out Of town. owing presumably to
the belief that the tariff question will
be fully adjusted before many days have
passed. The bull pools were more ac-
tive, and showed greater confidence than
for some time.
Sugar alone was feverish and fuctu-
ated frequently between l04 7-S and log IA,
closing at los 7-8. Benedict Bros. sold
about 5000 shares. The break in corn
stimulated purchases Of the Changers
near the close.
The sales of listed stocks were 116, 700
shares. In the unlisted department g.
800 shares Of Sugar and 5000 Lead were
traded in.
The earnings OF the New York Central
for the month of July was sS,l5S,O02, a
decrease Of $76S, 23s.