The evening world., 1894-08-14
BANKERS SANGUINE.
Believe the Tariff Legislation Will
Improve Business
Payments on Bonded Goods Will
Swell Treasury Receipts.
Passage OF u Free Sugar Bill Not
Expected by Trust.

/ Wall street this morning cvirced more
life than 1t has for months. The I'M
certainty is at an end" was the uni
versal expression from bankers and busi-
ness mcn, regardless of party afIilia-
items, "and Improvement will begin in
| all branches of business"
Brokers say that they are receiving
orders from customers whom they have
not seen since the panic Of last Sum-
! mcr. and business on the Consolidated
as well as the Stock Exchange was
extremely lively The galleries were
filled with people, a majority of whom
have orders with brokers ON the floor.
ON the Consolidated Exchange the
crowd In front of the rail. and In the
corridor outside the main floor, was go
great that 1t was almost impossible to
get through II. AT the opening, at 10
O'Clock, prices began 10 go UP All along
the list OF stocks, and they kept gong up
Inc sugar people are, IL Is sdiu, greatly
elated over the passage of the. bill, but
tney All refuse TO talk Tor publication.
Al the trust people. with the cx,ep-
ton OF IL. .. Havemeyer. are out Of
the city, and Mr.. Havemeyer refuses to
see reporters.
The, Trust. according to report, has
been buying raw sugar the world over
during the past two or three months,
sl0o. 100000. Treasurer John f.. Searles,
OF the Trust, disputes this, and in a let
fe. to Chairman Wilson says that the
N,alue OF The sugars now neld by the
American Sugar Refining Company does
not exceed $l2,vUO,OC0 represented by
2OO,CcD tons of sugar.
Should the free sugar bill which the
House has promulgated, be passed by
the Senate, 1t would cause the Sugar
Trust to lose an immense amount OF
money on it's large purchases Of raw
the present Tariff bill, but sugar men
this morning laughed at the Idea Of the
House bill for free sugar ever being
passed by the Senate.
Aside IRON the sugar feature of the
Tariff bill. it is conceded by business
men that the passing OF the measure
has insured a revival Of business ac-
ESchanse as Iar1e aan nhe
says II look for an immediate revival
OF business The passing, OF the Tariff
bin was al that was needed to remove
the obstacle to commercial activity"
James am sealiemeni nv, Of J; & w. seliemsn
President Cleveland, l presume, will al.
it points to the defeat OF the Demo-
cratic party at the next election"
Frederick D. Tappen. President Of the
fit could have been conferred upon the
country than the action taken In Wash
ington. Congress will be blessed by la
Dorers ana business men alike in every
walk in life"
Cashier T.. o. Leech, of the Union Ma
tlonal Bank, thought that the passage
of the bill was far preferable to dire
uncertainty. People know knew what
they could depend upon, and could go
ahead with their business upon a GER
tain basis.
At the Custom House It is expected
that there will begin at once an UMPIRE
cedentcl Withdrawal of goods from the
various borded warehouses. Deputy Col
lector Duryea, in charge of the Ware
house Division. estimates that at least
there are 100000 packages of merchan-
disc at present stored In bonded ware
houses.
The withdrawal of this aggregation
or goods should put good deal of
money into the Treasury within the
next sixty days. 1t Is also expected
that direct importations will at once
Increase and steamship men are happy
In anticipation of full cargoes from the
other side, something their ships have
not been favored with for many months.