The daily morning journal and courier., 1894-07-26
+ tuanclal,
For Time the General Market Was Dul
 and Steady.

and Steady.
 New York. July 25.-opening dealings at the stock exchange were character ized by strength so far as American Sugar was concerned. but the general market for a time was dull and steady. Subsequently the room operators sold a line of the granger stocks on reports from the west about damage to the growing corn and efforts were made to further depress the list on account of the poor earnings reported for the third week of the current month and the like lihood of big gold shipments by Sat urday's European steamers. The most important road which gave out It's earnings for the third week was the St. Paul and the receipts showed a falling of of sl32. 100 as compared with the corresponding period last year. Estimates of gold shipments by Sat l urday's steamers ranged from three to five millions of dollars. From present indications they certainly will reach S3, 00O, ,000 and unless there is a material increase in the supply of bills sb,oO0,- 900 will have to be forwarded. IL should be stated that bankers at the present time do not see how big shipments can be averted.
 The decline in the active railway list ranged from ,A to lS per cent. St. Il., l a.IG Igln B to 74A, Missouri Pacific IS to 23h, Louisville and Nashville F to 45. and New York Central to 96%. Among the inactive issues Wheeling and Lake Erie preferred sold down 2A to 70. and rallied to 4lss. The decline was the re- suit of a rumor that the August divi- dend would not be paid. The matter will be settled at directors meeting on Tuesday next. Pullman broke 3h to 156 and closed at 157 bid. American Sugar sold at It's highest near the open ing on the failure of the democratic senators to get together at the caucus to-day. This of course was interpreted as favorable to the refining interests. The stock at the time sold up 1h to l04%, then reacted to 103A, rallied to 1043s and closed point higher on the day at l04A.
 The Quay resolution instructing sen- ate conferees to recede from the posi- tion taken on the sugar schedule was known before the close os business but it had no effect on Sugar Certif- cates. Chicago Gas fluctuated between 73A and 741S and left off at 74h. There seems to be some question as to the standing of the company since the granting of the franchise to the Univer- sal Gas company by the common coun- cil Insiders here assert that the con- tract with the city has been broken by the corporation and that the com pany need not now reduce the price of gas unles 1t wants to. On the other hand the claim is made that the com pany must continue to pay BE per cent. of its gross earnings to the city and gradually fower the rate of gas until 1897, when 1t shall be one dollar per thousand. 4
 .Distillers was weaker and declined to 171s. The stock is without support and liquidation on a moderate scale continues. United States Cordage stocks were also weaker, the common selling down to 20 and the preferred to S5. Speculation left off irregular The general list showed net losses of # to per cent. for the day. but American Sugar gained per cent.
 The bond market was active and weak. Sales were $1,130,00O.
 Following are the closing prices. re- ported by Prince, & Whitely. bankers and brokers, 4e Broadway. New York. and 15 Center street, New Haven:
 A,1,