The evening world., 1894-08-30
THE MARKET IS SLUGGISH.
Gears Hammer Stocks with Great
Success.
Downward Movement Assisted by
Crop Reports.

The movements at the Stock Ex-
change were sluggish this morning and
operators evinced less interest In specu-
lation than at any time for couple OF
weeks past, The bears. encouraged by
their success yesterday. hammered va
rous stocks. and succeeded in bringing
about a further decline of 1-2 a S-S per
cent The pessimistic accounts received
from Chicago concerning the crops are
mainly responsible for the reaction,
which has gone furtner than most
ira lers iool;ed for.
The falling Off In business shows plain
ly that the short side OF the market is
by no means as popular as the long side
Of the account. Dealings between here
and London we're lar less important than
on yesterday.
There was slight change in the tenn
per OF speculation around midday, and
under lively purchases by the shorts,
the entire list moved up l-2 TO / IL per
cent. Louisville & Nashville was the
special feature, and rose from 80 to 81 Il
wards checked by another drop In
Sugar, which under offerings of round
amounts, touched lO5 A more confident
feeling prevailed as to railway shares
generally, and the undertone of specula-
Sugar PASSED through some sharp
changes. selling up to 1dS IA, and later
breaking to log IA 1u6 IL. The rise
in Louisville was on favorable reports
In regard TO the Companys business and
prospects. London was free buyer of
| stock.
There was a brisk Inquiry for bonds,
and the transactions were on a large
scale. The Reading issues were prom
inent, and advanced per cent , O.
American rosaecc if 10 - csSs ss
Southern ], to 81 IL; Burlington &
Quincy i. to Is IA; Chicago Gas i. 10
lt Rock Island ls to s. 81; s.
to 80 IA; Kansas & Texas pref. IL. to
%; Missouri Pacific So, to IS 5-s; North
American l-2. to "a: Northern Pacific
10 10; Louisville & Nashville So, TO 5o.
and Omaha 3-s. to 81 5-8.
For the third week OF August the
Atchso N, System ,s ts5 earned 'sols's. an in
The Delaware & Hudson Canal Com
pany has declared quarterly dividend
OF ga per cent, payable Sept. 10. Trans
fer books close to-day and reopen Sept,
A general melting of the stockholders
OF the Southern Railway Company will
be held in Richmond, Va. on Oct. 70,
their approval proposed mortgage to
the Central Trust Company, trustee, Of
s12o0oo.oOO. due 1894, with interest at o
Ing authorization VIII also be asked
Of the stockholders to execute a mort
gage on the East Tennessee. Virginia
& Georgia for A.5O00JO. due 1888. with
interest at 8 per cent, payable in gold.
These bonds are to be !ssue&d in lieu
OF the equipment and income bonds,
upon which the mortgage has been fore
closed.
The Bank OF England rate OF discount
remains unchanged at per cent Dur
ing the past week the bank gained
f2ss,6s7 on balance. Its proportion of re-
serve to liability. which was ss.H per
cent. last week, is now 1908 per cent.
For July tine Wabash road reports gross
earnings OF $I63.6O1, a decrease of $751;
expenses. 3646.G65, a decrease Of S2GO, 54S,
and net, SIG. 1886. a decrease of $126 1874.
Money I per cent. on call. Foreign
exchange easier In tone at 4.S5 IL q
4.S5 "a for bankers long sterling and
l.& IA ass 1-2 for sight.
Commercial bar silver sold at 66 1-s
and Mexican dollars at Sc "a. Bar silver
| In London rose 10 80 7-16d. per ounce.
Phe annual meeting of stockholders
OF the Northern Pacific Railroad Com
pany will take place on Oct. Is. Trans
Fer books Of the preferred and common
stock will close Sept. II and reopen Oct.
%
The death of William NJ. Parks was
announced to-day at the Stock Elk
change. He became member on May
g. 1869.
The sales OF listed stocks were: ll2, Don
shares. In the unlisted department
IS. coo shares of Sugar and 500 Lead were
traded in.