The evening world., 1894-04-26
SHARP RISE IN MANHATTAN.
Favorable News from Washington
Sends Sugar Up.
The Market Firm, but the Volume of
Business Is Small.

The effect on wall street Of the log
~islation on the Rapid Transit bill at
Albany yesterday, was evident soon
after the Stock Exchange opened this
morning. when Manhattan displayed up
ward tendencies. The price jumped In
the early trading . 3-S to III 3-S.
The bulls on Sugar brought their
| favorite to the front this morning. and
on large transactions the stock ad-
vanccd / "a to 90 rs. The Wormsers
were the heaviest buyers. but there was
also "A brisk demand from the shorts
on news from Washington that the
Sugar Trust will obtain concessions
from the Senate Finance Committee.
The rise in Sugar started prices UP in
all directions. but the volume Of bust
ness was small. American Tobacco ad-
vanced l. to So l-2; Chicago Gas l-2. to
81 is; Lead. 80. to 80, New England IL.
to . "a; Wheeling d Lake Erie pref. /,
to 50, and Distillcrs 81, to Is 3-S. =,
Chicago Gas was weak for n spell
and ran on from "a IS to 63 IA.
Gen, Fitzgerald will succeed j.. Ed
Ing General BondhJlders' Mortgage Com
mittee. Nj. Simmons will continue as
"A member OF the Committee.
hlIIt 1, Is no stated ID that the olypnamtLmand nTi
propose the names OF II. Walter Webb,
Third Vice-President of the New York
Central: j.. w. Alexander. of the Equit-
able Life Assurance. and II. G. Young.
Second Nice-President of the Dell ware
e. Hudson as managers In the places OF
some OF The directors who have OPP
he ticket are expected.
TheLouisville & Nashville brought suit
against the Illinois Central Railroad to
compel the. performance of the contract
N thu nj - m ~ Nhn ~
& southwestern. which was bought in
Joint partnership by the roads. There
is sl55, 900, 900 involved in the suit.
ut Is alleged by the complainant that
contract by refusing to turn over the
securities, and the courts are asked
to make a judicial construction and
enforcement OF the bargain.
The Bank of England rate of discount
remains unchanged at 2 per cent. The
proportion of the reserve to liability is
q; % per cent. against e32t per cent. last
during the week fAl .632.
Haskier. Wood & Co. have 1000. 900
francs gold on the steamship Havel; The
arrived with sla2,0O in silver consigned
to James F.. Ward, in transit to London.
Business at the Stock Exchange
~dwindled to very small proportions, and
speculation was firm, ana prices were
wen maintained. The bears were un-
able to force out long stock.
The statement OF the Broadway and
event. Avenue Company. under date
Of March ], 1894. showed total liabilities
OF $l2. l4s. 1854. against which the roadbet
and cable appliances amounted to 1894
Hl, real estate, 81. $50, $50. and other build
ings n fixtures. 81, zoe, SIG. The Com
pany now has 50, ESQ., 900 OF bonds out
standing. of which 81. 00O. 900 are ahead o
the consolidated mortgage. The surplu.
on last years operations was s647. 62l
The, total authorized issue OF the con
solidated bonds Is Sl2. zoo. 600.
Money ] per cent. Of call. Foreign
exchange rules firm Mt As7 IA a 4.S7 l.
for bankers long sterling. and 4.S8 l+2
4.sS "a for demand. The transaction
were small and the. market presented
no new features. No engagements o
gold for export are reported. and tn
bankers are still undecided about ship
ments by Saturdays steamers.
AT the Stock Exchange 80, 900 ounces o
silver sold at "a. Bar silver in Londol
fell to q 5-l6d. per ounce. Commercial
bar here declined to Ga n Mexican dol
lars to 81.